K2 Gold Corporation has submitted a Notice of Intent ("NOI") to the Bureau of Land Management ("BLM") to begin drilling at the Si2 Gold Project. The NOI covers the preparation of up to 15 drill sites with hole depths of up to 600m each, for which the Company has secured a diamond drill from Big Sky Exploration. The targets at Si2 exhibit many characteristics of a preserved mineralized epithermal system.

K2's initial drill program is designed to drill test steeply dipping faults which act as the plumbing for large, steam- heated alteration zones. Faults on the property which are found adjacent to, and within the alteration zones have been confirmed as key fluid pathways through multiple geological, geochemical, geophysical surveys. These structures appear to control the extensive steam-heated alteration observed at surface and may be indicative of a preserved epithermal system.

About the Si2 Project: The Si2 Gold Project is located in Esmeralda County, Nevada, approximately 60km northwest of Tonopah, Nevada, and 20km northwest of Allegiant Gold's Eastside deposit (1.4Moz Au, 8.8 Moz Ag). The project is road accessible and consists of 118 BLM lode claims covering 986 Ha, under option from Orogen Royalties Inc. (TSXV: OGN). The claims cover an 8 km2 area of steam heated alunite-kaolinite- buddingtonite alteration within a sequence of felsic to intermediate volcanic rocks with brecciation and strongly anomalous mercury.

The alteration is interpreted to represent a high-level setting within a low- sulfidation epithermal gold-silver system. In this type of geologic setting there is typically minimal anomalous gold mineralization at surface, however, gold grades may increase at depth along controlling structures at critical locations in the hydrothermal system (i.e., boiling zones). The Si2 Gold Project was initially identified by the same exploration team that identified AngloGold Ashanti's Silicon project near Beatty, Nevada, and was staked based on its strong geological similarities to Silicon.