Le Lézard
Classified in: Mining industry, Business
Subject: MINING EXPLORATION UPDATE

K2 Gold Commences 2017 Exploration Program at the Wels Gold Property


VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2017) - K2 Gold Corporation ("K2" or the "Company") (TSX VENTURE:KTO) is pleased to announce that field preparations have commenced for a Phase 1 exploration program at the Wels Gold Property, and a diamond drilling program is anticipated to begin on or around June 6, 2017.

The Wels Property is located in west-central Yukon Territory in the Traditional Territory of White River First Nation ("WFRN"), approximately 45 kilometers east of Beaver Creek and 185 kilometers south of Dawson City (the "Wels Property"). It is a new gold discovery within the highly prolific 'Tintina Gold Belt' and exhibits characteristics of a reduced 'Intrusion Related Gold System' ("IRGS") similar to the multi-million ounce Fort Knox (Kinross) and Dublin Creek deposits (Victoria Gold). Please CLICK HERE to view an exploration program map of the Wels Property.

As previously disclosed in August 2016, the Company entered into an agreement with Gorilla Minerals Corp. ("Gorilla") which provides the Company with the option to acquire a 90% interest (subject to an existing 3% NSR) in the Wels Property. The Wels Property (total area 47.5km2) was staked in 2011 and to date only approximately 1km2 of the prospective area has undergone any significant exploration (soil, trench-rock sampling and diamond drilling). No work was undertaken at the Wels Property during 2016.

Highlights of previous work between 2011 and 2015 at the Wels Property include:

The Company's Board of Directors have approved an initial exploration budget of $750,000 for the Phase 1 2017 exploration program. Allan Doherty, P.Geo, who has 36 years experience managing exploration projects in the Yukon, will lead the exploration crew. A comprehensive and systematic program is planned; comprised of drilling, trenching, soil sampling, and prospecting. A description of the proposed 2017 Phase 1 exploration program is outlined below.

The Company is also pleased to confirm that, once finalized, exploration programs will soon be announced at its other projects located in the Yukon Territory, including the Flume, Storck and Ladue Properties.

The company has adequate funds to complete its Wels Phase 1 exploration program.

About K2 Gold Corporation

K2 Gold Corporation is a mineral exploration company focused on building a portfolio of gold exploration projects in the Yukon, including the Wels Property located approximately 185 km south of Dawson City, Yukon. The Company has assembled an experienced management team and board of directors with a track record of discovery success.

On behalf of the Board of Directors,
"Stephen Swatton"
President and CEO
K2 Gold Corporation

Forward-Looking Caution:
This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the 2017 exploration program at the Wels Gold Property and future exploration plans at the Company's other properties located in the Yukon. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to reach satisfactory agreements with First Nations to facilitate its exploration and development plans for the Wels Property, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company's inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's public disclosure record which is available on SEDAR (www.sedar.com). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. No securities of the Company have been or will, in the foreseeable future, be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


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