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KTO.V ·

K2 Stakes Additional Claims at the Wels Project

Mergers & Acquisitions Property Options & Staking

K2 Stakes Additional Claims at the Wels Project

Vancouver, B.C. – November 8, 2017 – K2 Gold Corporation (“K2” or the “Company”) (KTO: TSX-V) is

pleased to announce that it has completed staking of an additional 26 claims at the Wels Gold Property

(“Wels” or “the Property”) located in west-central Yukon Territory in the Traditional Territory of White River

First Nation (“WFRN”).

• Increases property claims by approximately 10% in response to favourable results from

the 2017 field exploration program.

• The Wels Project now covers approximately 6500 ha of prospective ground.

The Wels Project now consists of 313 quartz claims including the newly staked 26 claims on the eastern

edge of the property (Figure 1). The additional claims comprise of an area of ~550 ha which brings the

total Wels land package to 313 quartz claims and 6500 ha. These new claims were staked on the

assessment of anomalous rock grab and soil data analyzed by K2 in 2017 and cover the strike extent of

new anomalous target areas including Chai as well as the eastern strike extent of the Saddle.

Jo Price, VP Exploration commented, “The Wels project represents a large, prospective opportunity and

we are excited to continue vectoring into potential higher-grade gold mineralization as we develop our

knowledge of the geology and structural setting. The additional land position solidifies our current

property position and provides significant exploration “buffer” around known zones and targets”

Please CLICK HERE to view all figures related to this news release.

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, 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 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.

Qualified Person

Jo Price, P.Geo., VP Exploration of K2 and a Qualified Person under National Instrument 43-101 has

reviewed and approved the technical information on the is release.

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

statements regarding the 2017 exploration program at the Wels Gold, Storck, Ladue and Flume Properties

(collectively the “Properties”), including results of drilling, and future exploration plans at the Properties. Factors that

could cause actual results to differ materially from these forward-looking statements include, but are not limited to,

variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to

reach satisfactory agreements with First Nations to facilitate its exploration and development plans for the Wels

Property, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned

activities, and the Company's inability to raise the necessary capital or to be fully able to implement its business

strategies. 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 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 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.