Completed Program Results From Mojave Project

VANCOUVER - K2 Gold Corporation has now received assay results for all 17 holes drilled in its recently completed program on its 100% owned Mojave project, southern California.  Two primary zones were targeted in this program: 8 holes were drilled at Dragonfly. Results for the 9 holes drilled at the Newmont Zone located approximately 2 km south of Dragonfly on the same structural trend. These 9 holes were drilled from two sites (NM-1 and NM-2) located 304m apart.

Newmont Zone Highlights: All nine holes at sites NM-1 and NM-2 were successful in intersecting near-surface oxide gold mineralization; Hole NM20-011 intersected 41.15 meters of 1.64 g/t gold from 44.20m, including 16.76 meters of 2.03 g/t gold and 10.67 meters of 2.36 g/t gold; Hole NM20-016 intersected 22.86 meters of 1.00 g/t gold from 42.67m, including 10.67 meters of 2.01 g/t gold; The nature of the gold mineralization at Mojave is interpreted to be high-level and intrusive-related with strong structural controls, hosted within a variety of Permian-Triassic calcareous sediments, similar to other porphyry – epithermal systems throughout the Walker Lane Trend; and The results from the Newmont and Dragonfly sites confirm the presence of broad intervals of gold mineralization and are consistent with historical results from previous drilling by BHP and Newmont.

Stephen Swatton, President and CEO, said, "The drill results from the Newmont zone at Mojave project confirm the continuation of predictable near surface high-grade oxide gold across multiple kilometers of strike length.  While we input this information into our resource database, we eagerly await further assay results from the regional exploration at Upland Valley, Gold Valley, and areas within the eastern target areas at Mojave, which are expected to add further context to this highly prospective project."