K2 drills 53.34 m of 2.00 g/t Au at Dragonfly, 15.24 m of 5.33 g/t Au oxide

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 ).

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.

Highlights

Results from all four holes reported herein are from site DF-G, a drill pad placed 75m to the south-southwest of K2’s 2020 highlight hole in the Dragonfly Zone, DF20-002: 45.72m of 6.68 g/t Au (see K2 release of November 30, 2020 ) and designed to target the southern and down dip extension of the exceptional 2020 intercept, reporting the following: DF26-028: 53.34m of 2.00 g/t Au from 70.10m down hole, including 15.24m of 5.33 g/t Au from 82.30m followed by 4.57m of 1.63 g/t Au from 166.12m downhole.

DF26-025: 15.24m of 1.16 g/t Au from 68.58m downhole, followed by 18.29 m of 1.25 g/t Au from 100.58 m downhole.

DF26-026: 38.10m of 1.29 g/t Au from 50.29m including 4.57m of 3.75 g/t Au, followed by 4.57m of 0.71 g/t Au downhole .

DF26-027: 6.10m of 2.07 g/t Au from 60.96m down hole,