K2 Gold Commences 2017 Exploration Program at the Wels Gold Property - Seite 2

• Drilling - 1200m of core drilling will be completed in 5-8 holes with the goal of extending the Saddle Zone mineralization, currently open in all directions. Core drilling to date had intersected the host granite with minor late mafic dykes. The contacts of the intrusion have not yet been cut by drilling, and are a target for this year's program.

• Trenching - Additional trenching will be completed on the Southwest Spur zone and the North Ridge zones which are located 1.0 km south and 1.5 km north respectively of the Saddle Zone, the site of the drilling in 2015. View map HERE.

• Soil Sampling - Up to 2,000 new grid auger soil samples will be collected on new claims added to the west of the original claim block. Soil sampling has proven effective on the Wels Property and led directly to the high grade sampling interval of 8.8 gm/t Au over 45.00m in Trench 2. Soil samples will be collected over the unglaciated areas primarily above the 750m elevation level contour elevation.

• Prospecting - Additional prospecting and mapping will be completed over the entire property.

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.