K2 Upgraded to Trade on OTCQX

• Listing Upgrade: K2 Gold Corporation successfully qualified to trade on the OTCQX® Best Market, upgrading from the OTCQB® Venture Market.
• Trading Symbol: Shares continue to trade under symbol KTGDF on the OTCQX market.
• Strategic Intent: The upgrade aims to increase visibility and accessibility for U.S. investors and demonstrates compliance with high financial and corporate governance standards.
• Operational Context: The announcement coincides with preparation to commence drilling at the flagship Mojave project and awaiting assay results from the Si2 project.
• Project Updates:
  • Mojave (California): 5,830-hectare oxide gold project; recent drill highlights include 6.68 g/t Au over 45.72m at Dragonfly Zone and 1.69 g/t Au over 41.15m at Newmont Zone.
  • Si2 (Nevada): Low-sulphidation epithermal gold system; awaiting assay results from recently completed work.
  • Wels Project: 350 contiguous quartz claims covering 7,200 hectares; 2023 drilling intersected gold in all 12 holes including a new mineralized corridor at Saddle South target.

• Liquidity vs. Fundamentals: The OTCQX upgrade is a positive administrative milestone that improves liquidity and access to U.S. institutional capital, but it does not alter the intrinsic value of the company's assets or cash flow directly.
• Market Expectations: Given the company's focus on U.S. projects (Mojave/Si2) and previous financing activities, this upgrade was likely anticipated as part of their corporate development strategy rather than a surprise catalyst.
• Price Action Context: The stock price has consolidated near $0.77 following a high of $0.89 in mid-April 2026 (driven by the BLM ROD approval). The upgrade provides support but does not explain the recent pullback from highs, suggesting the market is awaiting drilling results rather than administrative changes.
• Risk Mitigation: Combined with the April 8th Record of Decision (ROD) for Mojave and the February financing closure, this upgrade reinforces the company's de-risking narrative, but it remains a secondary catalyst compared to assay results or resource definition.

• Flagship Project (Mojave): 5,830-hectare oxide gold project in Inyo County, California. 100% owned by K2 Gold. High-grade historic intercepts include 86.9m @ 4.0 g/t Au from surface at Dragonfly Zone.
• Secondary Project (Si2): Low-sulphidation epithermal gold system in Nevada (Walker Lane Trend). 100% owned. Geological studies suggest a deeper "boiling zone" remains untested, analogous to AngloGold Ashanti's Silicon Project.
• Tertiary Project (Wels): Yukon project on the Tintina Gold Belt with historic high-grade intercepts (up to 34.7 g/t Au).
• Strategy: Exploration-focused growth targeting high-grade oxide gold and polymetallic systems across large land packages in the Western U.S.