Significant Gold Mineralization On Western Side Of Mojave Property

VANCOUVER - K2 Gold Corporation has successfully expanded the gold mineralization footprint at the Stega Target on the western side of the Company's Mojave project in Southern California.  A total of 42 prospecting rock/grab samples and 385 continuous chip-channel samples over five lines were collected on the Stega gold zone.

Highlights: Recent sampling expands the gold zone at the Stega target to an area of 800m x 1,800m; Remains open to the NW and may extend to the Boland target, 1.2 km to the SE; and 1,051 samples have been collected on the Stega Gold Zone and includes 87 samples >1 g/t Au and 126 samples >0.5 g/t Au (up to 12.68 g/t Au).

"The expansion of the Stega Gold Zone, parallel to the recently announced Stega Copper Zone, is further evidence of the overall mineral endowment of the Mojave Project," stated Jodie Gibson, Vice President of Exploration for K2.  "The work completed to date, together with work in progress, are providing us with a greater understanding of the geological controls of the gold, copper, and base metal mineralization at Mojave and will help guide our future exploration and drilling efforts."

Steve Swatton, President and CEO, said, "As we move west from the Newmont gold zone, the property continues to deliver exciting exploration results from various disparate locations, some anticipated but most are new. The vectorization of the mineral zones is particularly intriguing, and we expect to find further mineralized zones as we continue exploring to the west.  I am also pleased to report that the permitting process for the next phase of drilling at Dragonfly / Newmont is nearing the 30-day public consultation stage with the Bureau of Land Management expected to soon post our Plan of Operations for public input."