K2 Gold Drills Extensive Disseminated Mineralization and Gold-Silver Epithermal Quartz Veins at Si2 Project

About this update from K2 Gold Corporation

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2026) - K2 Gold Corporation (TSXV: KTO) (OTCQX: KTGDF) (FSE: 23K) ("K2" or the "Company") today announced the results of its 2026 reverse circulation ("RC") drilling program at the Company's Si2 Gold Project located in Esmeralda County, Nevada in the prolific Walker Lane trend. Highlights John Robins Executive chairman of K2 stated: "While this round of drilling did not intersect economic grades it nonetheless demonstrates the presence of a very large gold bearing system at depth. The fluid inclusion results (see K2 News Release dated January 19, 2026) correlate positively with the drill results observed to date and the extensive(8km2) surface alteration expression is consistent with the steam heated alteration zone associated with fully preserved epithermal systems." "The assay results from our 2026 RC drilling campaign at Si2 have clearly confirmed the presence of an extensive gold and silver bearing epithermal system at the Project." Stated Anthony Margarit, President and CEO of K2 Gold. "This phase of deeper drilling was designed to test for mineralization within the 'boiling zone' modelled by our technical team. The results from this program are very encouraging, with the identification of a robust and extensive hydrothermal system now confirmed by drilling over a 1.6 x 1km area and open in all directions." "While we're greatly encouraged by the extraordinary widths of disseminated gold mineralization cut at all targets drilled to date, the substantial gold-silver bearing quartz vein cut in hole SR26006 at AOI4 and higher-grade gold in the vein cut at AOI3 in SR26008 were unexpected surprises. Notably, both targets have zero gold expression at surface. The results at all targets make a compelling case for further exploration at Si2," stated Anthony Margarit, President & CEO of K2 Gold. Figure 1: Plan map of 2026 RC drilling at the Si2 Project, with highlight intercepts indicated. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6578/302028_6faad92f840709c8_002full.jpg Table 1: Results from the 2026 RC drilling program at Si2, highlights bolded. Note that reported widths are drilled widths and may not represent true thickness at this time.   2026 Drill...

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