K2 Announces New Board Member

Rhea-AI Summary

K2 Gold Corporation has appointed Chase Taylor-Robins as a new Director, bringing valuable financial and capital markets expertise to the company's board. Taylor-Robins currently serves in Corporate Development at Orezone Gold Corporation and previously worked at Great Bear Royalties, which was acquired by Royal Gold for C$200M in 2022. He holds advanced degrees in Mineral & Energy Economics and Mining Engineering. Additionally, K2 has granted 7,100,000 incentive stock options to company Directors, Officers, Employees, and Advisors, exercisable at $0.36 per share over five years with a staged vesting schedule.

Positive

• Addition of experienced mining industry professional with corporate development expertise
• New director brings both technical and financial evaluation capabilities
• Strategic timing of appointment as company advances Mojave project development

Negative

• Significant stock option grant of 7.1M shares could lead to potential dilution

Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) ("K2" or the "Company") today announced that Chase Taylor-Robins has joined K2 as a Director of the company.

Mr. Taylor-Robins' financial and capital markets expertise further strengthens K2's leadership as it focuses on advancing Mojave. He is experienced in evaluating mining projects at all stages to identify and capitalize on new growth opportunities. Mr. Taylor-Robins currently works in Corporate Development at Orezone Gold Corporation (TSX: ORE), an established gold producer in West Africa. Prior to his current role, he was a member of the Corporate Development team at Great Bear Royalties - acquired by Royal Gold for C$200M in 2022. He holds a Master's of Science in Mineral & Energy Economics from the Colorado School of Mines and a Master's in Mining Engineering from the University of Arizona.

"I look forward to the addition of Mr. Taylor-Robins as a Director," stated Anthony Margarit, President and CEO of K2. "Chase's technical ability combined with his insight into corporate development will be a valuable addition to the strong, experienced Board we have at K2 as we move into the next phases of development at the Mojave project."

Incentive Stock Option Grant
K2 would also like to announce the granting of 7,100,000 incentive stock options (the "Options") to certain Directors, Officers, Employees and Advisors of the Company. The Options are exercisable at $0.36 per share for a period of five years from the date of grant with 25% vesting in 6 months, and 25% vesting on the anniversary every year thereafter. The Options were granted pursuant to the Company's shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

About the Mojave Project
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.

About K2 Gold
K2 is a proud member of Discovery Group and currently has projects in Southwest USA and the Yukon.

K2 is committed to transparency, accountability, environmental stewardship, safety, and community engagement.

On behalf of the Board of Directors,

"Anthony Margarit"
President and CEO K2 Gold Corporation.

For further information about K2 Gold Corporation or this news release, please visit our website at k2gold.com or contact our Office in Canada at 778-266-1456 or by email at info@k2gold.com.

K2 Gold Corporation is a member of Discovery Group based in Vancouver, Canada. For more information, please visit: discoverygroup.ca.

Cautionary Statement on Forward-Looking Statements
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 exploration program at Si2, Wels, and Mojave, including results of drilling, and future exploration plans at Si2, Wels, and Mojave. 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 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.sedarplus.ca). 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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254885

FAQ

Who is the new board member of K2 Gold Corporation (KTGDF)?

Chase Taylor-Robins, who currently works in Corporate Development at Orezone Gold Corporation, has joined K2 Gold as a Director

What is Chase Taylor-Robins' background and experience?

Taylor-Robins has experience in corporate development, previously worked at Great Bear Royalties, and holds Masters degrees in Mineral & Energy Economics and Mining Engineering

How many stock options did K2 Gold (KTGDF) grant in June 2025?

K2 Gold granted 7,100,000 incentive stock options at $0.36 per share with a five-year exercise period

What is the vesting schedule for K2 Gold's (KTGDF) new stock options?

The options vest 25% in 6 months, with additional 25% vesting on each subsequent anniversary

What is K2 Gold's (KTGDF) current focus project?

K2 Gold is focusing on advancing the Mojave project