KO Gold completes acquisition of 2 exploration permits

Executive Summary

• KO Gold Inc. has completed the acquisition of a 100% interest in two exploration permits in the Otago region, New Zealand, through the final share issuance under its agreement with NewPeak NZ Ltd.
• The total consideration for the acquisition was $500,000, satisfied via the staged issuance of common shares, with the final tranche consisting of 735,294 shares issued at $0.17 per share.
• The acquired assets include two exploration permits (EP 60677 and EP 60733) covering approximately 9,212 hectares total, granting exclusive rights to explore for gold and silver under the New Zealand Crown Minerals Act 1991.

Key Details

• Transaction Completion: Final share issuance completed, marking the full acquisition of the permits from NewPeak NZ Ltd.
• Consideration Structure: Total value of $500,000 paid via common shares.
• Final Tranche Details:
  • Quantity: 735,294 consideration shares.
  • Price: $0.17 per share.
• Asset Details:
  • Permit 60677: Covers ~8,764 hectares in Central Otago; rights to explore for gold and silver.
  • Permit 60733: Covers ~448 hectares in Central Otago; rights to explore for gold.
  • Total Area: Approximately 9,212 hectares.
• Regulatory Rights: Exclusive exploration rights under the New Zealand Crown Minerals Act 1991.
• Share Restrictions: All consideration shares are subject to a statutory four-month hold period expiring on January 20, 2026, under Canadian securities laws.
• Acquirer: KO Gold NZ Ltd. (wholly owned subsidiary of KO Gold Inc.).