K2 Receives Approval to Extend Warrants

K2 Receives Approval to Extend Warrants

Vancouver, B.C. – April 16, 2018 – K2 Gold Corporation (“K2” or the “Company”) (KTO: TSX-V)

announces that it has received approval from the TSX Venture Exchange (the “ TSXV”) to

extend the term of 4,000,000 common share pur chase warrants original set to expire on April

27, 2018 (the “Warrants”) to October 27, 2018.

The Warrants were originally issued pursuant to a private placement of units completed by the

Company in October 2016 (the “2016 Private Placement ”). The exercise price of the Warrants

will remain at $0.35, and the Warrants will continue to remain subject to acceleration in the

event that the common shares of the Company c lose at or above $0.50 per share for more than

10 consecutive trading days.

The amendment extends the expiry date of the Warrants to October 27, 2018. In accordance

with TSXV policies, the expiry date of the finder warrants issued in connection with the 2016

Private Placement will not be extended.

About K2 Gold Corporation

K2 Gold Corporation is a junior mineral explor ation company focused on building a portfolio of

gold exploration projects in the Yukon, including t he Wels Property located approximately 185

km south of Dawson City, Yukon. In addition to Wels the Company is conducting exploration at

the Flume, Storck and Ladue properties in the South Klondike district north of Wels. The

Company has assembled an experienced management team and board of directors with a track

record of discovery success.

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, including stat ements regarding the extension of the expiry

date of the Warrants. Factors that could cause actual results to differ materially from these

forward-looking statements include, but are not lim ited to, acceptance of the extension by the

TSXV. 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 statement s 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 frames 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.

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 foreseeable 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.

NEITHER TSX VENTURE EXCHANGE NOR IT S 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.