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Additional Intercepts Include 32.01m of 2.02 g/t Au, 33.53m of 1.63 g/t Au, and 3.05m of 17.55 g/t Au

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VANCOUVER, British Columbia, Sept. 09, 2026 (GLOBE NEWSWIRE) — K2 Gold Corporation (“K2” or the “Company”) (TSX-V: KTO | OTCQX: KTGDF | FSE: 23K) today announced the results from four additional drill holes completed at the Dragonfly Zone at its 100% owned Mojave Project. Results from these four holes drilled off the second pad of the 2026 program confirm the presence of multiple stacked structures hosting high-grade oxide gold in a 40m step back to the west of K2’s 2020 discovery intercept.

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The Dragonfly Zone is located 1.5km south of the undrilled Gold Valley target (rock samples to 375 g/t Au), 2km north of the Newmont target, and midway along the >6.5km long Eastside Gold Trend, a broad mineralized trend which has been identified by K2 sampling and limited historical drilling (see NI43-101 Technical Report).

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23 holes have been completed to date for 4182m of a fully permitted and fully funded 14,000m campaign, with drilling currently in progress at the Newmont Zone. Results from 16 additional K2 drill holes are pending.

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Highlights

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  • Results from all four holes reported herein are from site DF-F, a drill pad placed 40m to the west of K2’s 2020 highlight hole in the Dragonfly Zone, DF20-002: 45.72m of 6.68 g/t Au (see K2 release of November 30, 2020) and designed to target the down-dip and lateral extension of the exceptional 2020 intercept, reporting the following:

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    • DF26-023: 27.43m of 4.08 g/t Au from 82.30m down hole, including 15.24m of 5.30 g/t Au

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    • DF26-024: 3.05m of 17.55 g/t Au from 62.48m followed by 28.95m of 2.03 g/t Au, including 16.76m of 3.03 g/t Au from 97.54m down hole.

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    • DF26-021: 32.01m of 2.02 g/t Au from 50.29m down hole, including 4.57m of 8.81 g/t Au

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    • DF26-022: 33.53m of 1.63 g/t Au from 102.11m down hole, including 6.10m of 4.97 g/t Au from 109.73m and
      4.58m of 3.67 g/t Au from 131.06m

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  • Results continue to confirm that the Dragonfly zone consists of multiple stacked west-dipping gold-bearing structures and remains open in all directions.

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  • Individual structures appear to widen at depth, with all structures drilled to date demonstrating the potential to host high-grade oxide gold mineralization, with 2026 drill samples returning up to 19.00 g/t Au.

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“Dragonfly
continues to deliver. These four holes have intersected multiple stacked zones of high-grade oxide gold and provide further evidence of a robust mineralized system beyond our 2020 drilling. What is particularly exciting is that we are beginning to define Dragonfly’s architecture while a significant portion of the broader structural corridor remains undrilled. With the system open in all directions and additional results pending, we are excited by what we are seeing and by the opportunity that remains ahead of us,” stated Anthony Margarit, President and CEO of K2 Gold.