KO Gold Announces Increase to Non-Brokered Private Placement

Toronto, Ontario--(Newsfile Corp. - January 12, 2026) - KO Gold Inc. (CSE: KOG) ("KO Gold" or the "Company") is pleased to announce that, further to its news release dated December 15, 2025, it has increased the size of its previously announced non-brokered private placement (the "Private Placement") due to strong investor demand.

The Private Placement was previously comprised of up to 12,000,000 units (the "Units") at a price of $0.15 per Unit. The Company has increased the maximum number of Units issuable at a price of $0.15 per Unit to up to 14,914,866 Units, for aggregate gross proceeds of up to $2,237,230.

Each such Unit will consist of one common share of the Company (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to acquire one additional Share at an exercise price of C$0.25 for a period of three (3) years from the date of issuance.

The Company expects to complete a first closing of the Private Placement on January 14, 2026, for aggregate gross proceeds of $1,980,475.35, representing the issuance of 13,203,169 Units (the "Initial Tranche").

In addition, the Company expects to complete a further closing of the Private Placement (the "Second Tranche") for aggregate gross proceeds of approximately up to $458,555, consisting of the issuance of:

(a) up to 1,711,697 Units at a price of $0.15 per Unit; and
(b) up to 1,034,872 Units at a price of $0.195 per Unit.

Each Unit issued at a price of $0.15 per Unit will consist of one Share and one Warrant, with each such Warrant entitling the holder to acquire one additional Share at an exercise price of C$0.25 for a period of three (3) years from the date of issuance.

Each Unit issued at a price of $0.195 per Unit will consist of one Share and one Warrant, with each such Warrant entitling the holder to acquire one additional Share at an exercise price of C$0.26 for a period of three (3) years from the date of issuance.

All securities to be issued in connection with the Initial Tranche will be subject to a statutory hold period expiring on May 15, 2026, in accordance with applicable Canadian securities laws.

Completion of the Second Tranche of the Private Placement is subject to shareholder approval pursuant to the policies of the Canadian Securities Exchange, as the issuance of securities under the Private Placement would result in the issuance of securities in excess of 100% of the Company's issued and outstanding common shares on a fully diluted basis.