A news release with respect to the material change was disseminated on

FORM 51-102F3

MATERIAL CHANGE REPORT

ITEM 1 —— Name and Address of Company

KO Gold Inc. (the “Company”)

802 – Sun Tower, 1550 Bedford Highway Bedford, Nova Scotia

B4A 1E6 Canada

ITEM 2 —— Date of Material Change

September 27, 2024

ITEM 3 —— News Release

A news release with respect to the material change was disseminated on October 3, 2024 through the

facilities of Newsfile, it was filed on SEDAR+ and posted to the Company ’s disclosure hall with the

Canadian Securities Exchange.

ITEM 4 —— Summary of Material Change

The Company announced that Mr. Mark McMurdie did not stand for re- election as a director at the

Company’s Annual General and Special Meeting held on September 27, 2024.

ITEM 5 —— Full Description of Material Change

Mr. McMurdie did not stand for re -election and as of September 27th has ceased to be a director of the

Company. Mr. McMurdie will continue to act as the Company’s Chief Financial Officer.

ITEM 6 —— Reliance on Subsection 7.1(2) of National Instrument 51-102

Not applicable.

ITEM 7 —— Omitted Information

Not applicable.

ITEM 8 —— Executive Officer

Greg Isenor, CEO, Tel: 902-832-5555

ITEM 9 —— Date of Report

October 3, 2024.