K2 Stakes Additional Claims at the Wels Project

K2 Stakes Additional Claims at the Wels Project

Vancouver, B.C. – May 7, 2018 – K2 Gold Corporation (“K2” or the “Company”) (KTO: TSX-V) is pleased

to announce that it has completed staking of an additional 34 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 (“WRFN”).

The Wels Project now consists of 346 quartz claims including the newly staked 34 claims on the eastern

edge of the property. The additional claims comprise of an area of ~700 ha which brings the total Wels

land package to 7200 ha. These new claims were staked to cover the strike extent of new anomalous

target areas outlined by recent geophysical and geochemical re-interpretation.

Please click HERE to view figure 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 this 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, 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.