Drilling The Mojave Project In Southern California

VANCOUVER - K2 Gold Corporation reported the commencement of the Company's first drilling program at the Mojave project located in Inyo County, Southern California.

John Robins, Chairman, said, "This project represents one of the most exciting exploration opportunities I have ever worked on.  Our surface work over the last year has identified several large zones of oxide gold mineralization.  The commencement of drilling is a very positive step forward for the Mojave project.”

K2 is fully financed to complete this initial drill campaign, which is expected to comprise approximately 16 holes from four prospective sites on the Eastern side of the 5,830 ha (14,406 acres) property.  This drilling program will focus only on the Dragonfly and Newmont target areas, two gold rich zones with a 4.5km strike length of known mineralization outcropping at surface. It is expected to produce approximately 3,200m of drill chips to a maximum depth of 200m per hole.

The drill program is expected to last approximately three weeks.  Rock chip samples will be shipped to MSALABS laboratory in Vancouver, Canada, with an anticipated turnaround time for analysis of rock samples between 3-4 weeks. The results from all four sites will contribute significant data towards a preliminary resource estimation.

K2 is committed to ensuring compliance with all environmental regulations and local, state, and federal laws.  This drill program was approved by the Bureau of Land Management following extensive environmental review, public input, and approval of a reclamation plan.