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KTO.V ·

K2 Gold Appoints New Vice President Exploration

Management Changes

Suite 1020 – 800 West Pender Street, Vancouver, BC V6C 2V6

Tel: 604-646-8354 Fax: 604-646-4526

TSX-V: KTO

NEWS RELEASE

K2 Gold Appoints New Vice President Exploration

October 30, 2019 – VANCOUVER, BRITISH COLUMBIA – K2 Gold Corporation (TSXV:KTO) ("K2" or the

"Company") is pleased to announce the appointment of Jodie Gibson as the Company's new Vice

President of Exploration. Mr. Gibson will lead K2’s geological team focusing on the Company’s gold

exploration projects in Northern Canada and Southwestern USA.

Mr. Gibson is an exploration geologist with over 14 years mineral exploration experience throughout the

North American Cordillera from Alaska to Mexico; including syngenetic and epigenetic precious and base

metal systems. He was the Project Manager of the Underworld Resources Inc. exploration team that

discovered and defined the Go lden Saddle and Arc deposits. These assets were subsequently sold to

Kinross in 2010 for $139 million . Prior to joining the Company, Mr. Gibson was serving as Vice President

Exploration for White Gold Corp where he oversaw over $30 million in exploration activities over the

previous three years with highlights including expansion of the Golden Saddle and Arc deposits and five

new discoveries across the White Gold district; including the high-grade Vertigo discovery on the JP Ross

property.

Mr. Gibson holds a Bachelor of Science Degree and a Master of Science Degree from Indiana State

University and is a member of the Association of Professional Engineers and Geoscientists of British

Columbia. Mr. Gibson is a US citizen with Canadian Permanent Resident status.

K2’s President and CEO, Stephen Swatton, commented, “I am pleased to welcome Jodie to K2 Gold and

the Discovery Group of Companies. His past experience in a range of geological settings and jurisdictions

will compliment and benefit the Company as we continue to pursue exploration opportunities in

southwestern USA and Northern Canada . Jodie’s dual US and Canadian work status will also be of

benefit to the Company ‘s current North American exploration strategy.”

I would like to thank Jo Price for her dedication to K2 Gold over the past 2 years. She spearheaded the

company’s Yukon efforts and will continue to consult to K2 on an ongoing basis. Jo is cur rently VP

Exploration to Ethos Gold, a Discovery Group company that also has assets in Canada and the USA”.

Option Grant

The Company granted 2,250 ,000 incentive stock options (the "Options") to certain Directors, Officers

and Consultants of the Company. The Options are exercisable at $0.27 per share for a period of 5 years

from the date of grant and Expire October 29, 2024. The Options were granted purs uant 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.

K2 is a well financed gold exploration company focused on projects in the Yukon, Alaska and SW USA.

For additional information please contact Stephen Swatton at 604-331-5093.

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. 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 fram es 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.

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.