Recent Insider Transactions Derivative • May 17
Executive Chairman exercised options to buy CA$156k worth of stock. On the 11th of May, John Robins exercised options to buy 200k shares at a strike price of around CA$0.32, costing a total of CA$64k. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. Since June 2025, John's direct individual holding has increased from 7.05m shares to 8.05m. Company insiders have collectively bought CA$606k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • May 07
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Announcement • Feb 11
K2 Gold Corporation announced that it has received CAD 25.25 million in funding On February 10, 2026, K2 Gold Corporation closed the transaction. The company issued 36,071,429 common shares at a price of CAD 0.7 per share for aggregate gross proceeds of CAD 25,250,000.3. The Company paid cash finder's fees, in compliance with the policies of the TSX Venture Exchange and applicable securities legislation, to the following arm's length finders in connection with subscriptions from subscribers introduced by them for a portion of the LIFE Offering: (i) CAD 256,200 to Haywood Securities Inc.; (ii) CAD 700,000 to ATB Capital Markets Corp.; and (iii) CAD 315,000 to Canaccord Genuity Corp. Announcement • Jan 29
K2 Gold Corporation announced that it expects to receive CAD 15 million in funding K2 Gold Corporation announced a non-brokered private placement to issue 21,428,572 common shares at an issue price of CAD 0.70 for the proceeds of CAD 15,000,000.4 on January 28, 2026. Closing of the offering is expected to occur as soon as practicable. The company may pay finders' fees in connection with the offering to eligible arm's-length finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Completion of the offering is subject to certain customary closing conditions, including, but not limited to, receipt of all necessary regulatory approvals, including any applicable approval of the TSX-V. Announcement • Jan 22
K2 Gold Corporation Announces Drilling Underway At Its 100%-Owned Si2 Gold Project K2 Gold Corporation announced that drilling is now underway at its 100%-owned Si2 Gold Project, located approximately 59 kilometers west of Tonopah, Nevada, in the prolific Walker Lane Trend. This drill program represents the culmination of significant technical studies and reinterpretation at Si2. The project is now understood to be an intact low-sulphidation epithermal gold system, with prior drilling having tested only the shallow upper expression. For the first time, K2 is drilling high-priority targets at depth, where stronger gold mineralization is commonly developed in epithermal systems. Key Drivers Behind the Si2 Drill Program. Diligent scientific and technical studies reveal untapped potential. First-ever testing of newly defined, deeper structural targets property-wide. Si2 exhibits many similar characteristics to AngloGold Ashanti's Arthur Project (pre previously named Silicon). The right address: located in the prolific Walker Lane of Nevada - host to several world-class epithermal systems. Establishes Si2 as a near-term discovery catalyst, alongside the Company's Mojave Project. Qualified Person ("QP") and QA/QC. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Eric Buitenhuis, M.Sc., P.Geo., K2's QP and Vice President of Exploration. Announcement • Jan 19
K2 Gold Corporation to Commence Drilling at Si2, Targeting Preserved Epithermal Gold System K2 Gold Corporation announced its plan to commence drilling at the Company's Si2 Project, located near Tonopah, Nevada, on or about January 21, 2026. The drill program will test a series of high-priority structural and geochemical targets generated through comprehensive geological studies completed in 2025, along with recently acquired geophysical information, including fluid-inclusion analysis, alteration mineralogy, age dating, an integrated structural interpretation, and IP survey. These studies collectively indicate that Si2 represents the upper levels of a large, intact low-sulphidation epithermal system proven to carry gold, with strong potential for higher-grade gold mineralization preserved at depth. Highlights. The drill program is fully funded and will consist of up to 2000 metres over 4-6 drill holes. Drilling is expected to commence on January 21, 2026. In 2023 K2 drilled 4 holes at the Si2 Project. Drilling demonstrated increasing gold values with depth; however, the holes were terminated in anomalous but sub-economic gold grades. Subsequent alteration and fluid inclusion studies indicate that the 2023 drill holes were within 50- 100 meters of the interpreted boiling zone of the epithermal system. The 2026 program will test priority structural corridors at greater depths, targeting the interpreted optimal boiling-zone horizon of the epithermal system. Geological characteristics observed at Si2 are considered analogous to AngloGold Ashanti's nearby 16.3Moz Au Silicon Project which has emerged as one of the most significant new epithermal gold discoveries in the Walker Lane Trend. The Si2 Project shares multiple geological and structural characteristics with AngloGold Ashanti's Silicon Project: Volcanic-hosted, low-sulphidation Epithermal systems in Nevada. both located within a highly endowed gold belt that favours structurally controlled deposits. Steam-heated alteration "cap" at surface. Zoned epithermal architecture. alteration patterns at Si2 are consistent with being above the productive gold horizon, similar to early-stage interpretations at Arthur. Depth as the primary opportunity. both systems rely on drilling beneath shallow, surficial alteration to test the projected boiling zone where grades commonly improve. Program Overview. The drill program will comprise 4-6 reverse circulation holes totaling up to 2,000 metres, designed to systematically test the interpreted boiling-zone horizon at depth along the highest-priority structures defined by the Company's integrated geological model. Epithermal Deposits. Epithermal systems are a major deposit class globally, with many important examples located within the Walker Lane Trend of Nevada and eastern California in the western United States. Epithermal deposits have historically been important sources of gold and silver due to their near-surface, structurally controlled mineralization. When preserved and not deeply eroded these systems can host blind-to-surface, vertically zoned mineralization which may have been historically overlooked. Recent Insider Transactions Derivative • Sep 28
Executive Chairman exercised options to buy CA$400k worth of stock. On the 23rd of September, John Robins exercised options to buy 1m shares at a strike price of around CA$0.30, costing a total of CA$300k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since March 2025, John's direct individual holding has increased from 6.95m shares to 7.05m. Company insiders have collectively bought CA$530k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.3m free cash flow). Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$65.2m market cap, or US$47.5m). New Risk • Aug 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$61.8m market cap, or US$44.7m). Recent Insider Transactions Derivative • Aug 21
Chief Financial Officer exercised options to buy CA$144k worth of stock. On the 15th of August, Robert Scott exercised options to buy 400k shares at a strike price of around CA$0.30, costing a total of CA$120k. This transaction amounted to 23% of their direct individual holding at the time of the trade. Robert currently holds 1.78m shares (0.011766356182030285 of the company). Company insiders have collectively bought CA$155k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Jun 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Steve Krause was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 30
K2 Gold Corporation Secures 100% Ownership of Its Mojave Project in Inyo County, California K2 Gold Corporation announced that it has successfully secured 100% ownership of its Mojave Project in Inyo County, California. The acquisition represents a significant step forward in its mission to unlock the project's full potential. Under the terms1, K2 Gold has completed all remaining obligations under the original agreement, thereby securing 100% ownership of the Mojave Project. This proactive move demonstrates K2's strong commitment to advancing the project and emphasises the Company's confidence in Mojave's exceptional exploration upside. Key Highlights: Secured 100% ownership of the 5,380-hectare Mojave Project, where K2 drilled 86.9m at 4.0 g/t Au in 2020 and has sampled up to 375 g/t Au in rock grab samples. Allows for enhanced flexibility and control of exploration and development activities. The Mojave Project, located in an underexplored and highly prospective region in southern California, has already demonstrated multiple high-grade gold targets and district-scale potential. With 100% ownership secured, K2 Gold is poised to unlock further value through systematic exploration and development opportunities. Rock grab samples are select samples and may not represent true underlying mineralization. New Risk • May 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$40.7m market cap, or US$29.3m). Announcement • Apr 30
K2 Gold Corporation, Annual General Meeting, Jul 10, 2025 K2 Gold Corporation, Annual General Meeting, Jul 10, 2025. New Risk • Apr 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$31.7m market cap, or US$22.8m). Announcement • Mar 11
K2 Gold Corporation announced that it has received CAD 3.673004 million in funding On March 10, 2025, K2 Gold Corporation closed the transaction. The company issued 24,486,691 units at an issue price of CAD 0.15 per unit for gross proceeds of CAD 3,673,003.65 in an over-subscribed transaction. The Company paid finders fees in compliance with the policies of the TSX Venture Exchange and applicable securities legislation, to the following arm's length finders in connection with subscriptions from subscribers introduced by them; CAD 3,000 and 20,000 finder warrants to Ventum Financial Corp, CAD 600.30 and 4,002 finder warrants to Research Capital Corp., CAD 5,099.99 and 34,000 finder warrants to Canaccord Genuity Corp., and CAD 146,309.96 and 2,438,499 finder warrants to Haywood Securities Inc.. Insiders of the Company acquired an aggregate of 1,179,999 Common Shares in the Offering. Closing of the Offering is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. Announcement • Feb 16
K2 Gold Corporation announced that it expects to receive CAD 2 million in funding K2 Gold Corporation announced a non-brokered private placement that it will issue up to 13,333,333 units at a price of CAD 0.15 per unit for the gross proceeds of up to CAD 2,000,000 on February 14, 2025. Each Unit will consist of one common share in the capital of the Company and one half of one non-transferable common share purchase warrant. Each Warrant will be exercisable to acquire one Share at a price of CAD 0.30 per Share for a period of 12 months from the date of issuance subject to an acceleration clause. If the 5-day volume-weighted average trading price of the Shares as quoted on the TSX-V is equal to or greater than CAD 0.35 at the close of any trading day, then the Company may, at its option, accelerate the expiry date of the Warrants by issuing a press release announcing that the expiry date of the Warrants shall be deemed to be on the 30th day following the issuance of the Warrant Acceleration Press Release. All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder. The Company may pay finder's fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The closing of the Offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Announcement • Oct 25
K2 Gold Corporation announced that it has received CAD 1.7425 million in funding On October 24, 2024. the company has closed the transaction. New Risk • Aug 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.6m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.7m market cap, or US$7.85m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Announcement • Jul 02
K2 Gold Corporation, Annual General Meeting, Sep 10, 2024 K2 Gold Corporation, Annual General Meeting, Sep 10, 2024. Announcement • Jun 19
K2 Gold Corporation announced that it expects to receive CAD 1.5 million in funding K2 Gold Corporation announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.10 per unit for total gross proceeds of up to CAD 1,500,000 on June 18, 2024. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will be exercisable to acquire one share at a price of CAD 0.30 per share for a period of 12 months from the date of issuance subject to an acceleration clause. The company may pay finder's fees on a portion of the offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. New Risk • Jun 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 2.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$9.77m market cap, or US$7.10m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Earnings have declined by 2.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$10.9m market cap, or US$7.93m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Announcement • Feb 15
K2 Gold Corporation announced that it has received CAD 1.045 million in funding On February 15, 2024, K2 Gold Corporation closed the transaction. The company issued 10,450,000 units at an issue price of CAD 0.10 per unit for gross proceeds CAD 1,045,000. The company paid finders fees paid CAD 56,340 and 563,400 warrants exercisable for 12 months from the date of issuance to acquire common shares of the Company at an exercise price of CAD 0.30 per share. Finders Warrants have the same terms as the Unit Warrants. The transaction will include participation from insiders for 1,560,000 Common Shares. Announcement • Jan 22
K2 Gold Corporation announced that it expects to receive CAD 1 million in funding K2 Gold Corporation announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.10 for the total gross proceeds of CAD 1,000,000 on January 22, 2024. Each unit will consist of one common share in the capital of the company and one nontransferable common share purchase warrant. Each warrant will be exercisable to acquire one share at a price of CAD 0.30 per share for a period of 12 months from the date of issuance subject to an acceleration clause. The company may pay finder's fees on a portion of the offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Announcement • Jan 18
K2 Gold Corporation Announces Results from Rock Grab and Chip Sampling At Its Mojave Project, Located in Inyo County, California K2 Gold Corporation announced the results from rock grab and chip sampling at its Mojave Project, located in Inyo County, California. As K2 continues to progress favourably through the EIS permitting process, the decision was made to continue fundamental prospecting and sampling to continue to develop the knowledge and understanding of the extensive mineralization present on the property in preparation for future exploration. A total of 119 rock and chip samples were collected at multiple targets over two campaigns, with a focus on the Gold Valley and Soda Canyon targets, and with minor sampling conducted at the Stega and Morning Star targets. Sampling returned values from trace to 208 g/t gold and trace to 4.11% copper. Initial results from prospecting at Gold Valley suggest the presence of high-grade Dragonfly-style sediment-hosted gold mineralization at surface in an area of the Property that has seen little to no modern exploration. Highlight rock samples grading 208 g/t Au and 32.1 g/t Au are found along the projection of a mapped fault extending north-northwest from the Dragonfly target, where K2's drilling in 2020 returned 86.9m grading 4.0 g/t Au from surface. The results from Gold Valley expand the strike length of high-grade mineralization hosted by the Dragonfly-Newmont corridor an additional 1.5km, to a total extent of more than 4.5km. Prospecting was also completed at the Soda Canyon target located in the northwest of the Project area, 4km west of Gold Valley. Rock sampling returned three samples with Copper values greater than 1%, with one sample grading 1.87% Copper and the remaining two samples pending overlimit assay results. Soda Canyon is found at the northwestern end of a greater than 6km NNW-SSE trend of sediment- hosted copper mineralization beginning at the Stega target in the south, where K2 collected samples with results from trace to 14.2% Copper in 2021. Very little exploration has been completed in the Soda Conyon target area, and to the knowledge of K2's Management team it has never been drilled. Seven rock samples collected in the vicinity of the Stega copper zone returned trace to 0.741 g/t gold and trace to 0.23% Copper. A due diligence sample collected from the Morningstar target area 2.7km northwest of Soda Canyon returned 37.66 g/t silver, 4.11% copper, 1.57% lead, and 1.95% zinc. Follow- up prospecting, sampling, and geological mapping is planned for the 2024 season. More information on 2024 plans will be provided in the near future. K2's Plan of Operations for the Mojave Project was subject to a 60-day scoping and public comment period which closed on October 16, 2023. Since the closure of the scoping period, the BLM has been preparing a Draft EIS document which will incorporate public scoping comments and assess project alternatives. The Draft EIS will be made available for a second round of public comment following the publication of a Notice of Availability ("NOA") in the Federal Register. K2 expects that the Draft EIS will be completed in early 2024. Announcement • Dec 14
K2 Gold Corporation Announces Exploration Drill Results from Its 2023 Reverse Circulation Drilling Program At the Wels Project K2 Gold Corporation announced exploration drill results from its 2023 Reverse Circulation drilling program at the Wels Project, located in west-central Yukon Territory 60km south of Newmont's Coffee gold deposit. These results demonstrate the presence of a mineralized system of significant size and scale at the Wels Project. K2's 2023 Wels exploration program consisted of the first drill holes at the Chai, Pekoe, and Saddle West target areas and confirms that all target areas host gold bearing structures. At the Chai Zone, three holes were drilled in a NNE-SSW oriented fence with tip-to-tail coverage to cover broad surficial gold geochemical anomalism, and several previously identified geophysical anomalies. In the south of the zone, hole WRC23-007 drilled an interval of 0.827 g/t Au over 13.72m within a gabbroic intrusive immediately above the contact with quartzite to the south. In the northern portion of the zone hole WRC23-009 drilled broad intervals of low-grade gold entirely within quartzite. Host rock does not appear to play a significant role in mineralization at this time. Two holes were completed at the Pekoe Zone, located 1.3km northwest of the Saddle area. The holes were widely spaced, situated 200m apart, and tested separate structures identified by K2's geophysical surveys. Hole WRC23-011 intersected 0.411 g/t Au over 38.10m from 9.14 down hole within a structure that extends for more than 900m in a WNW-ESE orientation. Hole WRC23-010 tested a separate NW- SE trending geophysical feature and returned minor gold mineralization within both siltstone and quartzite, including 0.205 g/t Au over 7.62m from 160.02m down hole. The final hole of the 2023 program was drilled at the Saddle West target as a 100m step out west of known mineralization along the trend of the Saddle Main structure. The hole intersected a zone returning 0.255 g/t Au over 16.76m from 106.68m down hole at the contact between quartzite and a mafic dyke. Unfortunately, the hole and a portion of the drill rods were lost in heavily altered dyke before reaching the planned target depth and the interpreted extension of the Saddle Main structure. Less than 40% of the Wels property has been explored by K2 to date, and only 4 target areas have been tested. The results from the first drill tests of the Chai and Pekoe targets combined with the previously released results from the Saddle Zone successfully identified at least 12 new gold bearing structures and demonstrate the presence of a significant broad scale mineralized system at the Wels Project. With a limited number of drill holes at the Chai Zone, K2 successfully defined a broad zone of mineralization which exceeded expectations based on prior surface sampling. All mineralization observed to date is structurally controlled, with all rock types on the property proven to host gold. The Saddle, Chai and Pekoe Zones host kilometre-scale gold-in-soil anomalies and corresponding geophysical anomalies which suggest through-going structures and warrant follow up drilling. All structures drilled to date remain open along strike and at depth. The Wels Project lies approximately 40km east of the community of Beaver Creek and 60km south of Newmont Goldcorp's Coffee deposit discovered by Kaminak Gold Corporation (formerly a Discovery Group company prior to its acquisition by Goldcorp-Newmont). Both the Coffee project and the Wels project lie within the Tintina Gold Belt share similar characteristics and are host to structurally controlled gold mineralization within intrusive rocks exhibiting multiple trends of mineralization. The Wels land position consists of 350 contiguous quartz claims covering 7,200 hectares and lies within the traditional territory of White River First Nation. Announcement • Nov 18
K2 Gold Corporation Announces the First Assay Results from Its 2023 Reverse Circulation Drilling Program At the Wels Project K2 Gold Corporation announced the first assay results from its 2023 Reverse Circulation ("RC") drilling program at the Wels Project, located in west-central Yukon 60km south of Newmont's Coffee gold deposit. Results from a proof-of-concept program consisting of six holes targeting the Saddle, Saddle North, and Saddle South Zones are reported herein, assays from six additional holes across the property are pending. The highest-grade gold assay to date at the Wels Project, was returned from drilling at the Saddle South target in newly defined structures, including multiple high-grade gold intersections: 34.7 g/t Au over 1.52m in WRC23-006 from 82.3m down hole. 1.60 g/t Au over 21.34m in WRC23-005 from 3.05m down hole, including 3.22 g/t Au over 9.14m. High grade gold drilled in a structure 60m south of the Saddle Main target returned 7.14 g/t Au over 3.05m from 60.96m down hole, in WRC23-003. First test hole at the Saddle North target returned 1.17 g/t Au over 7.62m from 25.91m down hole (WRC23-004). A set of at least 8 steeply-dipping, stacked mineralized structures within a +400m wide corridor which is open to the NW, SE, and at depth, now comprise the Saddle Zone. The program was a successful proof-of-concept and confirms that exploration strategy is working. The results from the greater Saddle Zone demonstrate the presence of a stacked system of approximately east-west trending, high-angle mineralized structures. The structures are observed to cut all observed rock types, including quartzite found at the Saddle North and South targets as well as the granite hosting the Saddle Main target, with high grade mineralization found in all rock types. The results of the drilling suggest that each mineralized structure drilled to date has the potential to host high grade gold mineralization. The Mojave Project is a 5,830-hectare oxide gold project with base metal targets located in California. Multiple previously recognized surface gold targets have been successfully drilled in the past, most notably by Newmont and BHP. Since acquiring the property, K2 has completed geochemical and geophysical surveys, geologic mapping, LiDAR, a WorldView 3 alteration survey, and successfully completed a 17-hole RC drill program focused on the Dragonfly and Newmont Zones. Highlights from K2's drilling program include 6.68 g/t Au over 45.72m from surface at the Dragonfly Zone, and 1.69 g/t Au over 41.15m from 44.20m depth at the Newmont Zone. The Si2 Gold Project is located in Esmeralda County, approximately 60km northwest of Tonopah, Nevada, and 20km northwest of Allegiant Gold's Eastside deposit (1.4Moz Au over 1.4Moz Au over 2.8m in WRC23-003). The results of the drilling program include 6.68g/t Au over 45. 72m from surface at the Dragon fly Zone, and 1.69g/t Au over 41. 15m from 44.20mdepth at the Newmont Zone. New Risk • Aug 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.73m). Announcement • Aug 23
K2 Gold Corporation announced that it has received CAD 1.401067 million in funding On August 22, 2023, K2 Gold Corporation closed the transaction. The company issued 8,756,666 charity flow-through shares at a price of CAD 0.16 per charity FT share for aggregate gross proceeds of CAD 1,401,066.56. The company will pay finders' fees in compliance with the policies of the TSX Venture Exchange and applicable securities legislation to arm's-length finders in connection with subscriptions from subscribers introduced by them, totaling CAD 49,032. The transaction included participation from insiders and acquired 1,529,999 charity FT shares in the offering. Closing of the offering is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. All securities issued under the offering will be subject to a statutory hold period of four months in accordance with applicable Canadian securities laws. Announcement • Jul 28
K2 Gold Corporation announced that it expects to receive CAD 1.2 million in funding K2 Gold Corporation announced a non-brokered private placement of up to 7,500,000 national charity flow-through shares at an issue price of CAD 0.16 per unit for gross proceeds of up to CAD 1,200,000 on July 27 2023. The transaction may include participation from management of the company. The company may pay finder's fees, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four-month hold and one day period in accordance with applicable Canadian securities laws. The transaction is expected to close on or about August 15, 2023. Announcement • Jul 23
K2 Gold Corporation Provides an Update for its 2023 Exploration Program at the Si2 Project K2 Gold Corporation provided an update for its 2023 exploration program at the Si2 Project. The Company has completed approximately 1,700m of diamond drilling over 4 drill holes within the southern target area, one of 10 target areas at the project identified through geological mapping, surficial geochemistry, and geophysical surveys. Drilling is ongoing at hole SD-23-004, which has been extended beyond the planned depth to test the limits of the alteration system. Highlights. The first 3 holes spaced more than 170m apart have successfully defined a preserved epithermal system with significant scale potential. Broad intervals exhibiting multiple styles of veining and brecciation, with associated sulphides were intersected at all 4 drill holes. These intervals are also associated with elevated arsenic and antimony in spot XRF analysis. A new style of hydrothermal brecciation was intersected at >475m below surface at hole SD-23-003. The system is open along interpreted strike and at depth. Hole SD-23-004 (ongoing) has been extended to test the deep hydrothermal breccia intercepted in hole SD-23-003, which intersected approximately 25m of breccia with a silicified matrix composed of up to 10% sulphide, at 100m below surface. Assay results from the completed drill holes are expected in the coming weeks. Drilling at the southern target area has encountered a blanket of near-surface steam-heated alteration which is intersected in all holes to a depth of 150-200m.eneath this blanket, alteration transitions to a variety of rock textures including locally strong silicification with associated disseminated pyrite, quartzpyrite veinlets, and local intervals of hydrothermal breccia with black quartz-pyrite matrices. The extent of the steam-heated alteration and styles of sulphide mineralization observed to date are similar to AngloGold Ashanti's Silicon project. Since the previous update, two new styles of alteration and sulphide mineralization have been drilled at Si2: An interval of flow banded rhyolite which has preferentially focused fluid flow, hydrothermal brecciation, and sulphide mineralization in hole SD-23-004 at a depth of approximately 100m below surface. Both styles of brecciation occur within, or act as permeable corridors, focusing hydrothermal fluids and concentrating sulphide mineralization. The intervals are also anomalous in arsenic and antimony when analyzed by a handheld XRF unit. The XRF unit does not detect mineralization and is utilized as a spot analysis tool for potential pathfinder elements. The characteristics noted above are evidence of a large, robust, epithermal system that experienced a significant volume of hydrothermal fluid flow. The black breccia matrix is pervasively silicified and contains up to 10% disseminated pyrite. Clasts are silicified and clay altered, and fine sooty pyrite is observed to rim and crosscut the clasts. Announcement • Jul 15
K2 Gold Corporation, Annual General Meeting, Sep 27, 2023 K2 Gold Corporation, Annual General Meeting, Sep 27, 2023. Recent Insider Transactions • Feb 05
Independent Executive Chairman recently bought CA$11m worth of stock On the 1st of February, John Robins bought around 600k shares on-market at roughly CA$19.13 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Announcement • Feb 03
K2 Gold Corporation announced that it has received CAD 3.596475 million in funding On February 1, 2023, K2 Gold Corporation, closed the transaction. The transaction was oversubscribed, the company issued, 23,976,500 units at a price of CAD 0.15 per unit, for aggregate gross proceeds of CAD 3,596,475. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Announcement • Jan 10
K2 Gold Corporation announced that it expects to receive CAD 2.0025 million in funding K2 Gold Corporation announced a non-brokered private placement of up to 13,350,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 2,000,000 on January 9, 2023. Each unit will consist of one common share and one half of one non-transferable common share purchase warrant. Each warrant will be exercisable to acquire one share at a price of CAD 0.30 per share for a period of 24 months from the date of issuance. The Company may pay finder's fees, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Announcement • Jan 05
K2 Gold Corporation Announces the Results of Its 2022 Extremely Low Frequency Electromagnetic Geophysical Survey At Its Si2 Gold Project K2 Gold Corporation announced the results of its 2022 Extremely Low Frequency Electromagnetic (ELF) geophysical survey at its Si2 Gold Project (Si2), located 60 km northwest of Tonopah Nevada. Additionally, K2 has staked 53 new claims surrounding the project area, adding 443 hectares of prospective ground and bringing the total project size to 986 hectares. ELF Survey Confirms Structural Continuity: K2 engaged Aurora Geosciences to execute the ELF survey at the Si2 Property. A total of 24.8 line-km was surveyed, with lines-oriented northwest-southeast and spaced at 200m intervals. Two of the survey lines effectively twinned the previously announced IP lines at L400 and L1600, allowing for the higher- resolution IP data to act as a reference point. At Si2, northeast trending structures observed at surface and in multiple geophysical surveys are coincident with prominent areas of advanced argillic alteration and mercury anomalism in rock where exposed. Exploration work completed to date supports the concept that these northeast trending fault structures acted as the conduits for a hydrothermal fluid that created an extensive zone of steam-heated alteration at present day surface. At depth, these structures may have controlled the emplacement of precious metal mineralization beneath the water table within the boiling zone. New Claims Staked: The company is also pleased to announce that a total of 53 new claims have been staked at the project, adding 443 hectares of prospective ground to the Si2 project. The claims were staked contiguously with the existing land position under option to K2 from Orogen Royalties Inc. and were selected to cover the potential extension of structures identified during the 2022 season. The total land position at Si2 now consists of 118 claims, covering 986 hectares. Next Steps: The Si2 Project is now drill-ready. K2 is preparing a Notice of Intent for submission to the Federal Bureau of Land Management (BLM) to support drilling activities and intends to drill test key targets in early 2023. Announcement • Dec 07
K2 Gold Corporation Announces the Results of its 2022 Orientation IP Survey at its Si2 Gold Project K2 Gold Corporation announced the results of its 2022 orientation IP survey at its Si2 Gold Project, located 60 km northwest of Tonopah Nevada. Si2 hosts a large, 8 km2 steam heated alteration cell interpreted to represent the upper levels of a buried gold-bearing epithermal system. To date the Company has completed exploration work including: Hyperspectral remote sensing imagery (WorldView3) which defined broad areas of high-level advanced argillic alteration. Ground magnetic survey covering the entire project area which identified multiple interpreted fault structures. 308 rock samples analyzed using SWIR confirming the surface extent of alteration defined from remote sensing imagery. Geochemical analysis of all 308 rock samples with multiple zones returning strongly anomalous mercury, with an overlimit >100ppm sample located within the strongest area of argillic alteration, proximal to a site which displays the strongest silicification at surface. Geologic mapping supporting the concept that the strongest areas of surficial alteration and geochemical evidence are connected by structures interpreted as faults from multiple methods of geophysical survey. 5.1 line-km of IP. Two Methods of Geophysical Information Supported by Geological Mapping and Rock Sampling Support Fault-Controlled Mineralization Model K2's orientation IP survey was designed to collect high resolution IP data over the most prominent areas of advanced argillic alteration, rock mercury anomalism, and mapped and interpreted structure in the project area. Exploration work completed prior to the survey supported the concept that multiple northeast trending fault structures acted as the conduits for a hydrothermal fluid, ascending from depth, that created an extensive zone of steam-heated alteration at present day surface. At depth, these structures may have controlled the emplacement of precious metal mineralization, beneath the water table within the boiling zone. The IP survey lines were designed to transect these northeast trending faults and zones of strong advanced argillic alteration and image the subsurface to a depth of 400m. Areas with coincident chargeability and resistivity responses may represent zones of silicification and sulphide mineralization and represent high priority drill targets. Both survey lines identified geophysical features believed to represent the continuation of faults observed at surface to depth. On Line L400, at AOI1, 1.5, and 2, these faults appear to dip moderately to steeply to the northwest and extend to the limits of the models at depth. On survey Line L1600, a large, moderately to steeply southeast dipping coincident chargeability and resistivity anomaly is observed directly beneath strong mercury anomalism in rocks at surface and minor gold in shallow historical drilling (MC-08, 0.282 g/t Au over 1.5m from 17m down hole). The addition of geophysical evidence from the IP survey supports the interpretation that fault structures initially interpreted from the ground magnetic survey, geologic rock sampling, and mapping were at one time a conduit for metalliferous fluids and may point to concentrated mineralization at depth. Next Steps The Company will continue to refine and interpret the geologic model to define targets for a 2023 drill program. K2 will immediately begin preparing a Notice of Intent for submission to the Federal Bureau of Land Management to support drilling activities. Announcement • Nov 24
K2 Gold Corporation Announces Results of 2022 Rock Chip Sampling Program At K2's Si2 Gold Project K2 Gold Corporation announced the results of its 2022 rock chip sampling program at K2's Si2 Gold Project, located 60 km northwest of Tonopah Nevada. Rock chip sampling outlines strong mercury anomalism across multiple alteration cells on the Si2 Property. Mercury in rock values are similar in tenor to those observed at AngloGold Ashanti's Silicon deposit, over a similar scale at surface. High mercury values are coincident with observed NE-trending structural control. The best mercury values are found where strong steam-heated advanced argillic alteration overlies mapped and interpreted NE-trending structures. K2 believes these structures are priority drill targets. Si2 hosts a large, 8 km2 steam heated alteration footprint interpreted to represent the upper levels of a buried gold-bearing epithermal system. The Company collected 308 rock samples over areas of strong advanced argillic alteration at the property to define potential fluid pathways indicative of a structurally controlled epithermal system at depth. Ninety-five samples of 308 returned mercury (Hg) values greater than 0.5 ppm over multiple large alteration cells identified by K2's alteration mapping. In addition, a northeast trending fault structure hosting hydrothermal black pyrite-matrix breccia was found to host significant arsenic (As) and antimony (Sb) anomalism, suggesting the paleo water table was at present day surface in some locations and indicating that the boiling zone, or level of precious metal mineralization, may be relatively close to present-day surface. Prior to K2's acquisition of the Si2 Property, limited historic rock sampling had indicated the presence of strongly anomalous mercury at surface within areas of strong steam-heated, advanced argillic alteration. K2 completed a systematic rock chip sampling program over each alteration cell over a grid spaced approximately 50 x 50m, with the goal of identifying areas of strongest mercury geochemical response coincident with mapped or interpreted structure. Based on historic results and the model of a preserved steam-heated alteration cell, no gold was expected at surface. Rock sampling results exceeded expectations, with significant mercury returned at all alteration cells. Strong results were returned from the southern rhyolite dome (AOI 1) a 1100 x 400m zone of advanced argillic alteration where 10 samples exceeded 8.23 ppm Hg, with peak results of 88.2 ppm Hg and >100 ppm Hg (overlimit). Key target areas with anomalous mercury include: AOI 2, where residual and powdery silica are noted in a strong magnetic low interpreted as a fault; AOI 3, a 400 x 300m area of alteration located 1.3 km northeast of AOI 2 along the same fault structure with rock Hg values to 5.21 ppm; AOI 4, a prominent 600 x 30m east-northeast trending fault structure with rock Hg values including 25.9, 8.56, 7.82, and 5.72 ppm Hg; and AOI 5, a series of 300 x 300m exposed alteration cells with highlight rock Hg values of 58.4, 32, and 6.82 ppm Hg. Additional anomalism is observed at AOI 7 and 8 in the far west of the property, with a peak value of 2.96 ppm. In addition to strongly anomalous mercury, a zone of anomalous arsenic and antimony was identified at AOI 1.5. The target area hosts a prominent NE-trending, NW-dipping fault structure juxtaposing silicified dacite on the hanging wall with alunite-kaolinite-opal altered rhyolite on the footwall. Within the footwall, black pyrite-matrix hydrothermal breccia has been identified, and returns strong arsenic (854 ppm As) and antimony (35 ppm Sb). The presence of a hydrothermal, sulphide-bearing breccia indicates that the AOI 1.5 fault structure was, at some point in time, below the paleo water table. K2 interprets the region as a fault corridor which acted as a conduit for metalliferous fluids at the top of the paleo water table, beneath the overlying steam-heated alteration. This window beneath the top of the paleo water table suggests that the boiling zone and potential precious metal mineralization may not be far from present day surface. Following the completion of an orientation IP survey, the Company will construct a geologic model defining targets for a 2023 drill program. As the results of the IP and ELF surveys become available and are interpreted, they will be released to market. K2 will proceed with preparing a Notice of Intent for submission to the Federal Bureau of Land Management (BLM) to support drilling activities. Announcement • Oct 07
K2 Gold Identifies Key Structural Controls At Si2 Gold Project in Nevada, USA K2 Gold Corporation provided an update on exploration work completed to date at its Si2 Gold Project ("Si2"), located 60 km northwest of Tonopah in Nevada, USA. Si2 hosts a large (8 km2) alteration cell interpreted to represent the upper, steam-heated level of a buried gold-bearing epithermal system. To date, the Company has completed 69 line kilometers of ground magnetics, a drone based orthophotogrammetry survey, as well as rock sampling and preliminary geological mapping. 302 rock samples were collected from the property focusing on areas of advanced argillic alteration identified via WorldView-3 remote sensing imagery. A 69 line kilometer ground magnetic geophysical survey has been completed, a 3D inversion has been generated and the data has been analyzed using proprietary 2 and 3D structure detection algorithms. Prominent northeast and north-northeast trending structures coincident with strong advanced argillic and silica alteration are observed throughout the project area. The structures where measured dip moderately to steeply to the northwest. A >1.3km long northeast-trending structure hosting residual and powdery silica at surface has been identified. Powdery silica is found at surface within the controlling fault at AngloGold Ashanti's Silicon project, which K2 considers to be an analogue to Si2. 302 rock samples have been collected at priority target areas to identify the strongest alteration and mercury anomalism on the property. The samples have been submitted for TerraSpec hyperspectral analysis as well as gold and multi-element geochemical analysis. Results are pending. K2 is proceeding with additional geophysical surveys, including a ground based Extremely Low Frequency Electromagnetic ("ELF") survey and a preliminary Induced Polarization ("IP") survey over the strongest alteration and key structures observed at the project. Recent Insider Transactions • Sep 23
Director recently sold CA$237k worth of stock On the 15th of September, Stephen Swatton sold around 2m shares on-market at roughly CA$0.16 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$233k more than they bought in the last 12 months. Announcement • Sep 01
K2 Gold Corporation Identifies New Targets from VLF-EM Survey Completed at Wels Project, Yukon K2 Gold Corporation announced that a ground-based Magnetic and Very Low Frequency electromagnetic geophysical survey was successfully completed at its 100% owned Wels Project located in Yukon, Canada. The survey was designed to collect geophysical data over previously drilled mineralization at the Saddle Zone. In addition, the survey covered three high priority gold-in-soil and rock anomalies on the property to identify possible controlling structures in areas of extensive surficial cover. A total of 60.73 line-km of ground was surveyed, with multiple VLF-EM anomalies successfully delineated including several previously unidentified trends with coincident rock and soil geochemical anomalism, an entirely new exploration target in the southwest of the property was also identified over the course of the survey. The 2022 Mag-VLF survey was designed to collect baseline data over the Company's previously drilled (2017) Saddle target, where WNW-trending structurally controlled gold mineralization is observed within faults in a granodiorite host, before collecting similar tightly spaced data over the Chai, Pekoe, and Gunpowder targets, which have never been drilled. The Mag-VLF survey methodology excels at identifying conductive bodies, structures, or geological contacts, with a strong response indicating an anomaly. The survey method was chosen based on observed similarities in mineralization style between Wels and Newmont's Coffee Gold Project, where the Mag-VLF method has been previously employed with great success. Mineralization at both projects is controlled by high-angle structures with strong sericite alteration and common fault gouge, within resistive gneissic and granitic host rocks. The survey successfully identified prominent anomalies at all targets, including a significant WNW- trending anomaly located immediately north of the extent of K2's previous diamond drilling at the Saddle target. The newly identified VLF anomaly has never been drill-tested and is coincident with significant gold-in-soil anomalism. VLF anomalies that may represent structures which control the distribution of surficial gold found at the Pekoe, Chai, Gunpowder, and a newly identified target area were also observed. Based on the encouraging results of the 2022 Mag-VLF survey, the Company intends to prepare and submit a Class 3 exploration permit for further advanced exploration at the Wels Project in the 2023 season. The Company plans on completing additional surface work to prepare for a drill program to test targets identified by the 2022 Mag-VLF survey and previous exploration work. The Wels Project is located in Western Yukon, approximately 40km east of the community of Beaver Creek and 60km south of Newmont Goldcorp's 4Moz Coffee deposit, within the traditional territory of White River First Nation. The land position consists of 350 contiguous Quartz Claims covering 7,200 hectares. Wels is underlain by metasedimentary and metavolcanic rocks of the White River Formation that have been intruded by a series of Triassic gabbroic sills and Cretaceous granitic plugs. This package has been cut by a series of WNW trending high-angle structures that host alteration and gold mineralization. Mineralization is noted in all rock types observed on the property to date and is associated with quartz veining, brecciation, and sericite alteration with anomalous As, Sb, and, locally, visible gold. Four discrete mineralized trends are currently known, with only one trend drilled to date, delivering encouraging assay results of 2.37 g/t Au over 28.5m and 10.38 g/t Au over 6.0m. All mineralized trends remain open along strike and approximately 80% of the property is currently unexplored. Announcement • Jul 15
K2 Gold Corporation, Annual General Meeting, Sep 22, 2022 K2 Gold Corporation, Annual General Meeting, Sep 22, 2022. Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Carolyn Loder was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 18
K2 Gold Corporation Announces 2022 Exploration Plans for the Si2 and Wels Projects, Located in Nevada, Usa and the Yukon Territory, Canada K2 Gold Corporation announced their 2022 exploration plans for the Si2 and Wels projects, located in Nevada, USA and the Yukon Territory, Canada. The 2022 exploration program operated by K2 is planned to systematically evaluate the property utilizing the mineralization model of a steam heated alteration system overlying epithermal gold mineralization analogous to AngloGold Ashanti's Silicon Project. The Si2 Project was initially identified by the same exploration team that identified and staked the Silicon Project and was staked based on its strong geological similarities. K2 has successfully completed a remote sensing alteration survey utilizing high resolution imagery from the WorldView-3 satellite, the results from which indicate extensive steam heated alunite-kaolinite-buddingtonite alteration at surface coinciding with anomalous mercury in rock samples. Next steps will include approximately 60 line-kilometers of ground magnetic surveys aimed to identify geologic structures that may contribute to mineralization. In conjunction with the ground magnetic survey a drone based orthophotogrammetry survey will be completed to generate a Digital Elevation Model (DEM) and obtain detailed aerial imagery of the project area. These surveys will be followed by detailed structural geologic mapping, as well as rock chip sampling, TerraSpec analysis and soil geochemical sampling. Upon compilation and evaluation of this data K2 intends to conduct a detailed Induced Polarization (IP) Survey over areas of interest with the goal of developing targets for a maiden drill program. 2022 Wels Project Exploration Program: K2 is also planning a return to the Wels Project in the Yukon for the 2022 field season, where previous exploration campaigns, including two diamond drill programs, identified high-grade structurally controlled gold mineralization within a broadly NW-SE trending structural corridor at the Saddle target. Exploration plans for 2022 will focus on identifying additional parallel or subparallel structures with coincident soil and trench gold anomalism though a ground magnetic-VLF (Very Low Frequency) survey over the Saddle, Chai, and Pekoe targets. In addition, the survey will be extended to the west to test a significant portion of the low-lying covered area, to determine the extent of those structures which control mineralization under cover. Highlights from previous diamond drilling completed by K2 in 2015, and 2017 identified a NW-SE trending mineralized corridor with highlight results of: 3.11 g/t Au over 19.5m (DDH15-01), 2.37 g/t Au over 28.5m (DDH17-06) and 10.38 g/t Au over 6.0m (DDH17-08). Announcement • Apr 06
K2 Gold Corporation Appoints Jim Paterson as Director K2 Gold Corporation announced the appointment of Jim Paterson as a director of the Company. As a principal of Discovery Group, Jim Paterson will bring a wealth of experience to K2's board of directors, as well as to the Company's marketing and corporate development activities. Jim is currently the Chairman and CEO of ValOre Metals Corp. Announcement • Jun 15
K2 Gold Corporation Reports Significant Gold Mineralization on Western Side of Mojave Property K2 Gold Corporation reports that it 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 include: 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 Stega target is located on the western side of the Mojave property, approximately 3.4km NW of the Newmont target, covering a 1.5km x 2km NW trending zone of alteration and mineralization in strongly folded and faulted Triassic siltstone, limestone, and shales with at least two generations of porphyritic sills and dikes. Mineralization on the target is polymetallic and shows a sharp zonation consisting of a silver-lead (+/- zinc) zone, a central copper zone, and an eastern gold zone. Individual mineralized zones are hosted along NW oriented normal faults and NE trending thrust faults and fold hinges, and are typically associated with silicification, quartz-carbonate veining, strong iron-oxide development, sericite – argillic alteration (gold-copper zones), and/or propylitic alteration (silver-lead zones). The mineralization is interpreted as intrusion-related and shows strong similarities to polymetallic skarn, replacement, and/or structurally controlled mineralization in the Cerro Gordo district, 5.5km to the north. Announcement • May 21
K2 Gold Corporation Discovers Significant Sediment Hosted Copper Zone at Mojave K2 Gold Corporation reported the discovery of a significant zone of copper mineralization at the Stega target on the western side of the Company’s Mojave project in Southern California. A total of 99 rock chip and grab samples were collected on the Stega target with the results for 53 samples collected along the Stega copper zone (“Stega Copper Zone”) discussed in this release. The Stega target is located on the western side of the Mojave property, approximately 3.4km NW of the Newmont target, covering a 1.5km x 2km NW trending zone of alteration and mineralization in strongly folded and faulted Triassic siltstone, limestone, and shales with at least two generations of porphyritic sills and dikes. Mineralization on the target is polymetallic and shows a sharp zonation consisting of an eastern silver-lead (+/- zinc) zone, a central copper zone, and western gold zone. Individual mineralized zones are hosted along NW oriented normal faults and NE trending thrust faults and fold hinges, and are typically associated with silicification, quartz-carbonate veining, strong iron-oxide development, sericite – argillic alteration (gold-copper zones), and/or propylitic alteration (silver-lead zones). The mineralization is interpreted as intrusion-related and shows strong similarities to polymetallic skarn, replacement, and/or structurally controlled mineralization in the Cerro Gordo district, 5.5km to the north. Announcement • May 14
K2 Gold Corporation Reports Preliminary Results from its 2021 Exploration Program K2 Gold Corporation reported preliminary results from its 2021 Exploration Program from the Company's Mojave project in Southern California. A total of 279 prospecting chip and grab samples were collected on the Mojave's Eastern Target Area: Gold Valley, Dragonfly, Remi, Newmont, and Flores. Individual assays for the samples returned up to 23.4 g/t gold and highlights include: Dragonfly: Discovery of new, subparallel, zone of mineralization with rock samples up to 14.5 g/t Au. Newmont: Extended strike extent of Newmont fault by additional 350m. The strike extent of the Newmont zone is now over 1.1km. Flores: Discovery of two EW and one NW oriented zone of mineralization with assays up to 23.4 g/t Au, 5.34 g/t Au, and 11.1 g/t Au; respectively. Gold Valley is located along the northern projection of the CMFS, approximately 600m north of the Dragonfly target. Twenty samples were collected on the target with the most significant results (up to 0.297 g/t Au) occurring within faulted silicified and brecciated Triassic conglomerate, sandstone, and limestone units. The anomalous gold results demonstrate continuity of the mineralized system north from the Dragonfly. Additionally, they occur in less favorable lithologic units higher in the stratigraphic sequence indicating potential for stronger mineralization at depth, particularly at the unconformity of Triassic and Permian sediments. The Dragonfly is located 600m south of Gold Valley and consists of approximately 500m of structurally controlled alteration and mineralization that consistently returns surficial samples >1 g/t Au and has anomalous mineralization extending over 1km on trend to the south towards the Remi target. Recent RC drilling on the Dragonfly by the company returned significant results including DF20 - 002: 86.9m of 4.0 g/t Au; incl. 45.7m of 6.7 g/t Au and DF20-004: 30.5m of 7.2 g/t Au; incl. 15.2m of 11.1 g/t Au; both from surface. Is New 90 Day High Low • Feb 26
New 90-day low: CA$0.47 The company is down 14% from its price of CA$0.54 on 27 November 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period. Announcement • Feb 05
K2 Gold Corporation Drills 41 M of 1.64 G/T Gold from Newmont Zone At Mojave K2 Gold Corporation announced that it 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. This release summarizes 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 metres 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 metres 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. 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. Announcement • Jan 26
K2 Gold Corporation Receives Assays for the Final Five Reverse Circulation ("Rc") Holes Drilled At the Dragonfly Zone, Located Within Its 100% Owned Mojave Property in Southern California K2 Gold Corporation announced that it has received assays for the final five reverse circulation (“RC”) holes drilled at the Dragonfly zone, located within its 100% owned Mojave property in Southern California. In total eight holes were drilled at Dragonfly, with results for three of these previously reported . The eight Dragonfly zone holes were drilled from two sites 236 meters apart: holes DF20-001, through 004 were drilled at site DF1 and holes DF20-005 through 008 from site DF2. Dragonfly Zone Highlights: Hole DF20-004 intersected 30.5 metres of 7.2 g/t gold from surface, including 15.2 meters of 11.1 g/t gold. As previously reported, drill hole DF20-002 intercepted 86.9 meters of 4.0 g/t gold, including 45.7 meters of 6.7 g/t gold from surface . One hole at site DF1 (holes DF20-004) and all four holes at site DF2 (DF20-005 through 008) were successful in intersecting gold mineralization but were terminated prior to target depth due to difficult drilling conditions resulting from the highly fractured and silicified nature of the rocks. The Dragonfly results confirm the broad intervals of gold mineralization reported from previous drilling by BHP and demonstrates strong continuity at Dragonfly along strike. Assays are pending for nine additional holes from the Newmont zone 3 km to the south of Dragonfly. Announcement • Nov 17
K2 Gold Completes Phase 1 Drilling Program at Mojave and Samples New Large Regional Gold Target K2 Gold Corporation provided an exploration update for its Mojave project (‘Mojave’) located in Inyo County, Southern California. The Company has completed its Phase 1 drilling program, which consisted of 17 RC drill holes for a total of 2,540m. Highlights: RC drilling program consisting of 2,540m in 17 holes, focused on the Dragonfly and Newmont target areas. 422 rock samples collected on the recently identified Upland Valley target area. Large zones of alteration, quartz-carbonate veining, and strong iron-oxide development associated with regional scale structures identified in the area. Five sample shipments covering all drilled holes and rock chip samples have been submitted for analysis. Initial assay results anticipated within four weeks. The Phase 1 drilling campaign consisting of 2,540m of drilling over 17 RC holes has been completed on the Eastern side of the 5,830 ha (14,406 acre) Mojave property. The drilling program focused on the Dragonfly and Newmont target areas; two gold rich zones within a 4.5km strike length of known mineralization. The deepest hole was drilled to a vertical depth of 201.2m. All historic holes drilled by Newmont and BHP within the Newmont and Dragonfly targets intersected alteration and anomalous gold mineralization. The drilling was conducted from four sites: two on Dragonfly (‘DF-1’ and ‘DF-2’) and two on Newmont (‘NM-1’ and ‘NM-2’), with multiple holes drilled from each site. A total of eight holes were completed on the Dragonfly and nine holes completed on the Newmont with the drilling designed to evaluate the extent of mineralization intercepted in the historic Newmont and BHP drill programs. Positive results from the first phase of drilling will provide support for an expanded second phase of drilling. The permitting document for the larger program is well advanced and will be submitted to the Bureau of Land Management by December. A systematic rock chip sampling program was also conducted across the Upland Valley area, located in the center of the Mojave property, 1.7km west of the Newmont target and adjacent to the Stega target on the western margin of the property. The sampling was conducted to follow up on previously identified alteration and iron-oxide anomalies which were recognized from recently acquired World View-3 remote sensing imagery. A total of 422 rock chip and grab samples were collected on the target covering an approximate 2.6km x 1km area. There is evidence of numerous workings from early exploration work, probably from the early 1900’s, but this target has not been followed up by more recent operators. The area is characterized by large zones of quartz-carbonate (+/-barite) veining, argillic to quartz-sericite alteration and strong iron-oxide development. Alteration occurs within a package of strongly deformed Permian-Triassic calcareous sediments and porphyritic intrusive dikes and sills cut by a series of NNW trending high angle faults that are associated with the strongest zones of alteration. In addition to Upland, additional prospecting samples and geologic mapping was conducted on the Gold Valley, Dragonfly, Newmont, and Broken Hill target areas. Announcement • Oct 14
K2 Gold Corporation Commences Drilling At Mojave Project K2 Gold Corporation announced the commencement of the company's first drilling program at the Mojave project (Mojave) located in Inyo County, Southern California. 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. All 35 historic holes drilled by Newmont and BHP within the Newmont and Dragonfly zones intersected alteration and anomalous gold mineralization. K2 is permitted to drill two sites at Dragonfly and each will be located at least 90m from previous BHP drilling. Site DF-1 is located approximately 90m south of historic holes CM97-3 & 4 and will test beneath the historic BHP trench that returned 4.2 g/t Au over 42.7m. The second site, DF-2, is located approximately 235m south of DF-1 along the same structure. Mineralization at Dragonfly occurs along a series of closely spaced, NW trending, SW dipping, extensional zones. These occur between NNW trending, west dipping, sinistral strike-slip faults and are the focus of higher-grade mineralization. The mineralization is associated with an overlapping assemblage of silicification and sericite-clay alteration, multiple generations of stockwork quartz and quartz-carbonate veining, and strong iron-oxide development within a sequence of conglomerate, limestone, and siltstone. Two drill sites are permitted for Newmont and will follow up adjacent to historic drilling by Newmont (1991) and BHP (1997). The closest historic hole to K2's drilling is 67m (CGL-1) from NM-1. Site NM-1 is at the southern end of the Newmont trend and will target near surface mineralization beneath the 'Discovery' outcrop which includes chip/trench results of 2.46 g/t Au over 34m and has not been previously drilled. The second site, NM-2, is located approximately 400m to the north of NM-1 and will evaluate the continuity of the mineralized zone in a zone of widely spaced historic drilling. Mineralization at the Newmont is focused along a NNE trending, shallowly west dipping, structural zone that forms the contact between calcareous siltstone and limestone. The mineralization extends into both units where it is associated with strong sericite alteration, localised silicification and brecciation, carbonate +/- quartz veining, and strong iron-oxide development. 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. Is New 90 Day High Low • Oct 10
New 90-day high: CA$0.89 The company is up 46% from its price of CA$0.61 on 10 July 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. Recent Insider Transactions • Oct 08
Independent Director recently sold CA$113k worth of stock On the 2nd of October, Frederic Wilfred Leigh sold around 150k shares on-market at roughly CA$0.75 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$77k more than they bought in the last 12 months. Announcement • Sep 29
K2 Gold Corporation Appoints Carolyn Clark Loder to the Board of Directors K2 Gold Corporation reported the appointment of Carolyn Clark Loder to the Board of Directors of the Company. Ms. Loder was most recently Manager of Mineral Rights and Public Lands for Freeport-McMoRan Inc. Carolyn, who was raised locally in Inyo County, will provide guidance to K2 on all aspects of mineral rights, tribal relations, and corporate social responsibility related to the Mojave gold project, located in Inyo County, California. Is New 90 Day High Low • Sep 19
New 90-day high: CA$0.80 The company is up 167% from its price of CA$0.30 on 19 June 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 27% over the same period.