K2 Gold Terminates Option Agreement on Flume Property
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 Terminates Option Agreement on Flume Property
August 23, 2018 – Vancouver, BC, Canada. – K2 Gold Corporation (the "Company" or "K2 Gold", TSX -V:
KTO) announces that i t has elected to terminate the Flume Property Option Agreement (the
“Agreement”) with Commander Resources Ltd. (“Commander”). As part of the first year exploration
expenditure requirement s under the Agreement the Company had a firm commitment to spend
$200,000 on the Flume property. This commitment was not met and to satisfy the remain ing
outstanding amount of $65,615 the Company and Commander have entered into an agreement
whereby the Company will issue 285,283 common shares to Commander at a deemed price of $0.23,
based on 20 day VWAP , to settle this amount . Upon termination and completion of the payment the
Company will no longer have any interest in the Flume Property nor will it have any further obligations
to Commander with respect to the Option Agreement.
The share settlement is subject to receipt of necessary regulatory approvals, including the approval of
the TSX Venture Exchange.
About K2 Gold Corporation
K2 Gold Corporation is a junior mineral exploration company focused on building a portfolio of gold
exploration projects in the Yukon and Alaska, including the Wels Property located approximately 185 km
south of Dawson City, Yukon. In addition to Wels the Company is conducting exploration at the Flume,
Storck, Ladue, and McArthur Creek properties in the South Klondike district. The Company has
assembled an experienced management team and board of directors with a track record of discovery
success.
ON BEHALF OF THE BOARD
“Stephen Swatton”
Stephen Swatton, President, CEO & Director
Inquiries:
Tel: 604-331-5090
Fax: 604-646-4526
http://k2gold.com/
Neither 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 o f this release.
This new release may contain forward -looking statements. These statements are based on current expectations
and assumptions that are subject to risks and uncertainties. Actual results could differ materially becau se of factors
discussed in the management discussion and analysis section of our interim and most recent annual financial
statement or other reports a nd filings with the TSX Venture Exchange and applicable Canadian securities
regulations. We do not assume any obligation to update any forward-looking statements.
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 fo reseeable
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.
We seek safe harbor