EXPLORING YUKON’S SOUTH KLONDIKE GOLD DISTRICT KTO:TSX-V INCL. THE ‘WELS PROJECT’ A SIGNIFICANT NEW GRASSROOTS GOLD DISCOVERY November 2017
FORWARD LOOKING STATEMENT This presentation may contain “forward -looking statements. ” These forward-looking statements are made as of the date of the presentation and K2Gold Corporation does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures and requirements for additional capital. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing. For further reference: "On June 26, 2014, the Supreme Court of Canada (the “SCC”) released its decision in Tsilhqot’in Nation v. British Columbia (the “William Decision”), pursuant to which the SCC confirmed the Tsilhqot’in’s claim to Aboriginal title over a large area of land in central British Columbia, granting the Tsilhqot’in the right to decide how the subject land will be used, the right to possess the land, the rights to the economic benefits of the land, and the right to pro-actively use and manage the land. The SCC held that to justify an intrusion on title, the government must show it has discharged its duty to consult and accommodate, that its actions were backed by a compelling and substantive objective, and the government action is consistent with the Crown’s fiduciary obligation to the group. Resource development on claimed land to which Aboriginal title has not been established requires the government to consult with the claimant Aboriginal group, and, if appropriate, accommodate its interest. The Company does not currently hold any properties in the area subject to the William Decision, but has entered into an option to joint venture agreement with Gorilla Minerals Corp., involving certain mineral claims in an area of the Yukon Territory that may be subject to a claim for Aboriginal rights and title by the White River First Nation. The Company will continue to manage its operations within the existing legal framework while paying close attention to the direction provided by the Government of the Yukon regarding the application of the William Decision. Therefore, risks and uncertainties associated with developing these claims remain consistent with those referenced herein." Page 2
DIRECTORS & MANAGEMENT JOHN ROBINS (Chairman) CRAIG ROBERTS (Director) Founder and Chairman of Kaminak Gold. Kaminak Mining Engineer / Mining Investment Banking: Fluor, First discovered and developed the Coffee Gold Project, Yukon, Marathon, NBF, PI, Axemen, Director of Ethos Gold acquired by Goldcorp in August 2016 for approximately $CDN 520 million. Founder and/or director of Kivalliq, FREDDIE LEIGH (Director) Northern Empire, Stornoway Diamonds, Grayd Brassneck Capital Corp. 12 years as an advisor to private and public companies in the technology and mining sector STEPHEN SWATTON (President / CEO) Formally Global Head of New Business and Research at BHP ALLISON RIPPIN (Head of CSR) Billiton Exploration, Singapore, Institutional Mining Analyst Advisor, well regarded and knowledgeable in First Nation Yorkton Securities, CEO Brazil Resources, CEO Southern Rio related matters. Alison is also advisor to Government northern Resources, CEO Fortress (now Lundin Gold), Geologist – RTZ community affairs. Allison was the First Nations Advisor on the Kaminak Gold project (sold to Goldcorp for $527M) ROBERT SCOTT (CFO) CPA, CA, CFA; Over 20 years experience in accounting, JO PRICE (VP Exploration) corporate finance, and merchant and commercial 20 years as an exploration geologist with the majority of banking and has served on the management teams and her experience in managing resource projects in Nunavut boards of a number of Canadian publicly traded and Alaska. Advanced IT /database knowledge companies GARY FREEMAN (Director) AL DOHERTY (Senior Exploration Geologist) Entrepreneur and CEO Ethos Gold, Former President & CDO An Exploration Geologist with 36 years experience in the of Pediment Gold (acquired in 2011 by Argonaut Gold for Yukon. Advocate and lecturer for the Yukon mining and approximately $140 million) geological community Page 3
CORPORATE STRUCTURE FINANCINGS PROJECT OWNERSHIP LOCATIONS Oct 2016 : 8M shares @ $0.25 incl. Wts: 4M $0.35 for 18 months 32% (Accel. Prov. $0.50) 48% June 28 2017: 2.3M shares @ $0.35 20% + ½ Wt @$0.55 0.9M sh @$0.40 (FT) PRICE / VOLUME – Nov 2017 Insiders Close Associcates Float CAPITAL STRUCTURE as of November 1 , 2017 Shares I&O 17.2 million Fully Diluted 27.2 million Market Cap ~C$7million Cash ~C$1.1M 52 week range $0.20 – 0.58 Page 4
MARKET CAPITALIZATION COMPARISON YUKON GOLD EXPLORATION COMPANIES ($CDN MM) Project Name VIT: Dublin Gulch GPY: 3 Aces/Brewery Creek $300.00 WRN: Casino Mine $263.57 WGO: Western Yukon expl. $250.00 ATC: Rackla/Orion GSR: Plateau Agnico Eagle TIG: Freegold Mountain $200.00 KTO: Wels, Flume $150.00 Barrick $119.14 Newmont $96.25 $100.00 Goldcorp $74.13 $65.85 $44.17 $50.00 $16.65 5.00 $- Victoria Gold Golden Western White Gold ATAC Goldstrike Triumph Gold K2 Gold (VIT) Predator Copper (WGO) (ATC) (GSR) (TIG) (KTO) (GPY) (WRN) November 1, 2017 Page 5
K2: SNAPSHOT • Share Structure - 17.2m O/S (27.2 F/D) Very tight with over ~50% of shares held by insiders or people known to the Principals and Management. • Projects – 22,000 Hectares of prospective gold exploration claims in the South Klondike, Yukon – Wels is the company's flagship project and is arguably one of the most significant new grassroots gold discoveries in the Yukon over the past 5 years – K2 Completed 1,232m+ drilling in 2017 (total drilling to date ~1,600m) while exploring and soil sampling both Wels and other newly acquired properties, Flume, Storck and Ladue • First Nations - K2 has good First Nations relationships in the Klondike which were developed during Kaminak’s exploration period (2005-2016). K2 maintains strong corporate values for the inclusiveness and recognition of First Nations peoples • Marketing and Finance – A structured strategy of marketing and financing the company Page 6
K2 GOLD PROJECTS – SOUTH KLONDIKE, YUKON ATAC/Barrick Orion Capstone Minto Newmont/Goldstrike Plateau Goldcorp/Triumph Gold Copper North Freegold Mountain Carmacks Copper K2 Properties Investments by Majors Other Deposits Page 7
WELS LOCATION (6,500 ha) Page 8
WELS SUMMARY Page 9
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TARGETS Page 11
WELS EXPLORATION HIGHLIGHTS (2011-2015) • Drilling (2015) – 442m drilling from 2 pads 50m apart returned gold mineralization in each hole ➢ Best Grade (DDH-01) 97.5m @ 0.76g/t Au, Including 19.5m @ 3.11g/t Au, 9.0m @ 5.71g/t Au (visible gold seen) ➢ Gold mineralization still seen at the bottom of hole 1 (~80m true depth) • Trenching (2014) – 104 samples collected in 155m of trenches ➢ Highest Intersection: 40m @ 8.8g/t Au including 40.5m @ 9.15g/t Au • Rock sampling – 28 samples collected including several under a high grade soil profile. ➢ Highest grades: 149.5g/t Au (discovery sample 2012) and 5 further samples at the same location (2013) averaged 5.2g/t Au • Soil sampling – 1,658 samples taken. Soil sampling has been the most useful exploration method to define mineralized zones and samples. Analysis was done for Au and multi- element ICP. Gold at Wels has an affinity for Ag, As, Bi and Sb Page 12
WELS EXPLORATION HIGHLIGHTS 2017 1,232m Drilling (June – July 2017) • 28.5m @ 2.37 g/t Au (DDH 17-06) • 12.5m @ 5.08 g/t Au (DDH 17-08) • 144m @ 0.28 g/t Au (DDH 17-10) • 13.5m @ 0.42 g/t Au (DDH 17-14) but has VG • 3.00m @ 4.11 g/t Au (DDH 17-06) but had VG • Drilling at the Saddle Zone identified multiple zones of gold mineralization and extended the known strike length to 150m. The mineralization remains open in all directions. • Gold mineralization has now been discovered in 3 host rocks, granitoids (Saddle), gabbro (Southwest Spur) and quartzites (Chai). • Prospecting has identified two new areas of mineralization (Southwest Spur and Chai). Multiple soil anomalies, particularly North Ridge (1050 by 700m), Southwest Spur (700 by 400m), and the most recent discovery Chai (1600 by 300m), require further trenching and prospecting. Page 13
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