AMCO.V · 2020-09-17 12:00:00

K9 Gold commences Fall exploration program at its Stony Lake East option in Central Newfoundland

Mergers & Acquisitions Exploration Programs

#2300‐1177 W. Hastings St.

Vancouver, BC V6E 2K3 Canada

P. 604 662 8184

www.k9goldcorp.com

K9 Gold commences Fall exploration program at its Stony Lake East option in Central Newfoundland

September 17, 2020 – K9 Gold Corp. (KNC: TSX‐V) (5GP:GR: FSE) ( “K9” or the “Company”) is pleased

to announce commencement of its Fall field program on its Stony L a k e E a s t g o l d p r o j e c t i n C e n t r a l

Newfoundland. The Company recently signed an option agreement on the property with District Copper

Corp (see company new release August 14, 2020).

The Stony Lake East project lies within the Cape Ray/Valentine Lake structural trend in Central

Newfoundland along the prolific Dog Bay Line. The project covers 13,625 ha and 27 kilometers of favorable

trend between Sokoman’s Moosehead discovery to the northeast and Marathon's Valentine Lake deposit

t o t h e s o u t h w e s t . T h e s t r u c t u r a l s e t t i n g o f t h e p r o p e r t y l i e s parallel to that of New Found Gold’s

Queensway Project.

An extensive field program in 2019 focused on prospecting, mapping and sampling in the identified target

areas and a property‐wide airborne magnetometer, radiometric an d VLF survey to map bedrock

lithologies, structural features and areas of structurally controlled potassic alteration.

Significant Results (from 2019 and earlier):

 Eight areas of highly anomalous to high grade gold (15.05 g/t) mineralization have been

identified.

 The gold mineralization is hosted in quartz feldspar porphyry, pyrite, and arsenopyrite

bearing reduced sandstone, quartz stockwork, and quartz veins.

 The gold mineralization exhibits arsenic‐antimony‐molybdenum geochemical associations with

a high gold to silver ratio.

 The gold mineralization is characterized by sericite, silica, ankerite, carbonate, and chlorite

alteration typically as pervasive alteration and envelopes arou nd quartz stockwork and

quartz veins.

 Pyrite and arsenopyrite (1‐3% total sulphide) are common to the gold mineralization in

all samples containing greater than 50 parts per billion gold.

Interpretation of the results of the 2019 field program suggest that two separate styles of gold

mineralization may occur on the property:

a. Widespread low grade (0.5 to 4.0 g/t Au) mineralized quartz‐fel spar‐porphyry, pyritic sandstone,

quartz veins and quartz stockwork as seen exposed in the Silurian‐age Botwood Group sediments;

and

#2300‐1177 W. Hastings St.

Vancouver, BC V6E 2K3 Canada

P. 604 662 8184

www.k9goldcorp.com

b. A high‐grade gold environment (up to 15 g/t Au), in the basement rocks below the Botwood

sediments similar to the nearby New Found Gold Queensway Projec t and the adjacent Sokoman

Minerals Moosehead discovery.

The 2020 Exploration Plan will consist of airborne EM, structural and geological mapping and sampling to

define the preliminary drill program. K9 has contracted Geotec h Ltd. of Aurora, Ontario to conduct and

EM survey using its Versatile Time‐Domain Electromagnetic (VTEM™ Plus) geophysical system, along with

Horizontal Magnetic Gradiometer. This survey will cover the ent ire property at a 200‐metre line spacing

and will help to be tter define, the interpretation of the 2019 airborne magnetometer, radiometrics and

VLF‐EM survey. That interpretation clearly shows that the structural trend of the Sokoman’s Moosehead

discovery crosses onto the Stony Lake East property, angling ac ross the northern part of the property.

This appears to be a primary basement structure, with multiple splays off it. This in turn defines a high

priority exploration target in the basement below the Botwood Group.

Ground work will be focused on the eight areas of highly anomalous to high‐grade gold (15.05 g/t)

mineralization identified, hosted in quartz feldspar porphyry, pyrite and arsenopyrite‐bearing reduced

sandstone, quartz stockworks and quartz veins.

Jeff Poloni, CEO, remarks, “Our team is excited to get boots on the ground in Central Newfoundland,

where district‐wide drilling success, particularly New Found Gold’s recent high grade intercepts, continues

to highlight the area’s latent potential. We’re looking forward to complete this phase of exploration and

commence preparations for the project’s first systematic drill program.”

The Company also wishes to announce the granting, subject to regulatory acceptance, of 1,500,000

incentive stock options to certain officers, directors, consulta n t s a n d e m p l o y e e s o f t h e C o m p a n y ( t h e

“Options”). The Options have a term of 5 years and are exercisable at a price of $0.55 per common share.

Chris M. Healey, P.Geo, Consulting Geologist, is the qualified person under NI 43‐101 guidelines who is

responsible for the technical content of this release, and consents to its release.

K9 Gold Corp.

“Jeff Poloni”

CEO, Director

For further information, please contact:

Kosta Tsoutsis

Director

K9 Gold Corp.

email: [email protected]

Telephone: 604 808-9134

#2300‐1177 W. Hastings St.

Vancouver, BC V6E 2K3 Canada

P. 604 662 8184

www.k9goldcorp.com

Brian Morrison

Chief Financial Officer and Director

K9 Gold Corp.

email: [email protected]

telephone: 604 312-6910

The Company is listed on the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forw ard-looking statements, which reflect the e xpectations of management regarding K9’s

intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking

statements consist of statements that a re not purely historical, including any statem ents regarding beliefs, plans, expectations or

intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance

or developments to differ materially from those contained in the statements. No assurance can be given that any of the events

anticipated by the forward-looking statements will occur or, if they do occur, what benefits K9 will obtain from them. These forward-

looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which

may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed

or implied by the forward-looking statements, including K9’s inability to identify transactions having satisfactory terms or at all

and the results of exploration or review of properties that K9 do es acquire. These forward-looking statements are made as of th e

date of this news release and K9 assumes no obligation to update these forward-l ooking statements, or to update the reasons why

actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

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