K2 Drills 53.34m of 2.00 g/t Au at Dragonfly, Including High-Grade Oxide Core of 15.24m of 5.33 g/t Au

VANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) — K2 Gold Corporation (“K2” or the “Company”) ( TSX-V: KTO | OTCQX: KTGDF | FSE: 23K) today announced the results from four additional drill holes completed at the Dragonfly Zone at its 100% owned Mojave Project. Results from these four holes drilled off the third pad of the 2026 program confirm the presence of multiple stacked structures hosting high-grade oxide gold 75m to the south of K2’s 2020 discovery intercept, and 68m from K2’s previous results announced here .

The Dragonfly Zone is located 1.5km south of the undrilled Gold Valley target (rock samples to 375 g/t Au), 2km north of the Newmont target, and midway along the >6.5km long Eastside Gold Trend, a broad mineralized trend which has been identified by K2 sampling and limited historical drilling (see NI43-101 Technical Report ).

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29 holes have been completed to date for 5,389m of a fully permitted and fully funded 14,000m campaign, with drilling currently in progress at the Newmont Zone. Results from 18 additional K2 drill holes are pending.

Figure 1: Map of target areas throughout the region – new Dragonfly results noted.

Figure 2 : Plan map of 2026 RC drilling at the Dragonfly Zone, results from drilling on pad DF-G highlighted.

Dragonfly is centrally located in the middle of the Eastside Gold Trend 1.5km south of Gold Valley and 2km north of Newmont and hosts high-grade oxide gold mineralization within a steeply west-dipping structural corridor. Ribs of silicified and strongly oxidized conglomerate and limestone, plus recessive but strongly gold mineralized siltstone, are exposed at surface in the core of the target area and carry gold values of up to 22.53 g/t Au in surface rock sampling. Surrounding the currently drilled portion of the target, stacked, subparallel, primarily steeply west dipping structures are observed over a 400m wide corridor, with the majority undrilled to date.