Toronto, Ontario – October 3, 2025 – KO Gold Inc. (CSE:KOG) (“KO Gold” or the “Company“) announces that its wholly owned subsidiary KO Gold NZ Limited (the “Subsidiary”) entered into a definitive agreement with an arm’s length party (the “Purchaser”) dated September 22, 2025, for the sale of certain New Zealand exploration and prospecting permits, namely Exploration Permit EP 60733, Exploration Permit EP 60677, and Prospecting Permit PP 60705 (together, the “Permits”).
Under the terms of the agreement, the Purchaser acquired the Subsidiary’s interest in the Permits for total consideration of CDN $260,000. As part of the transaction, the Subsidiary will retain a 2% Net Smelter Royalty (“NSR”) on future production from the Permits. The Purchaser will have the right, at any time following closing, to repurchase 1% of the NSR for CDN $1,000,000.
The transaction remains subject to customary closing conditions, including approval of the New Zealand Minister of Energy and Resources pursuant to the Crown Minerals Act (1991).
The Company also announces that it has fully repaid its outstanding convertible debentures notes in the principal amount of $200,000 (the “Notes”), together with all accrued interest. The repayment of the Notes strengthens the Company’s balance sheet by eliminating outstanding debt and potential equity dilution from note conversion.
This transaction will allow KO Gold to focus on its four, priority drill ready permits.
About KO Gold Inc.
KO Gold is a Canadian junior exploration company listed on the CSE under “KOG”. The Company’s strategy is to acquire and explore highly prospective gold properties within the Otago Gold District in New Zealand. KO Gold presently, has four 100%-owned prospecting and exploration permits within the Otago Gold District for a combined land package of 400 km2. The Company’s Smylers, Hyde and Glenpark EPs are located adjacent to OceanaGold’s Macraes Gold Mine and the Carrick EP hosts the historic Carrick Goldfield which holds promise as a significant gold deposit near Santana Minerals’ Bendigo-Ophir Gold Project. The Company also has an NSR on three additional permits, Garibaldi, Raggedy Range, and Rough Ridge South totaling 340km2. KO Gold has spent over C$3M in exploration and drilling on its permits in the Otago Gold District over the past five years including RC and diamond drilling on its Smylers EP.
For further information, please contact:
Greg Isenor, President and CEO, Director
Tel: (902) 832-5555
Email: info@kogoldnz.com
Website: www.kogoldnz.com
KO Gold Inc.
Suite 802 – Sun Tower, 1550 Bedford Highway
Bedford, Nova Scotia
B4A 1E6 Canada
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.