KO Gold Closes Second Tranche Of Non-Brokered Private Placement

January 26, 2026 4:58 PM EST | Source: KO Gold Inc.

Toronto, Ontario--(Newsfile Corp. - January 26, 2026) - KO Gold Inc. (CSE: KOG) (" KO Gold " or the " Company ") is pleased to announce that, further to its news releases dated December 15, 2025, January 12, 2026 and January 16, 2026, it has obtained written consent of shareholders holding a majority of the outstanding common shares of the Company and has closed the second and final tranche of the non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $467,384.85, representing the issuance of 2,789,076 units (the "Units").

Following the closing of the second tranche of the Private Placement, the Company has raised gross proceeds of $2,447,860.15.

The Company issued 1,699,666 Units at a price of $0.15, each Unit consisted of one common share (each a "Share") and one common share purchase warrant (each a "Warrant"), with each such Warrant entitling the holder thereof to acquire one additional Share at an exercise price of C$0.25 for a period of three (3) years from the date of issuance.

The Company issued 1,089,410 Units at a price of $0.195, each Unit consisted of Share and one Warrant, with each such Warrant entitling the holder thereof to acquire one additional Share at an exercise price of C$0.26 for a period of three (3) years from the date of issuance.

The Company intends to use the net proceeds from the Private Placement for general working capital purposes and to fund ongoing exploration and drilling programs in the Otago Gold District, New Zealand.

The Company paid finder's fees of $11,107.05 in cash and issued 92,120 non-transferable finder's warrants (the "Finder's Warrants") to certain qualified parties upon closing. 51,320 Finder's Warrants will be exercisable to acquire one Share at an exercise price of C$0.25 for a period of three (3) years from the date of issuance, and 40,810 Finder's Warrants will be exercisable to acquire one Share at an exercise price of C$0.26 for a period of three (3) years from the date of issuance.

All securities issued pursuant to the second tranche are subject to a statutory hold period expiring on May 27, 2026, in accordance with applicable Canadian securities laws. The Private Placement is subject to final acceptance of the Canadian Securities Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws, and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

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 (including the Carrick Range exploration permit application). 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 243km2. 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.

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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

This news release contains certain forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements are frequently characterized by words such as "plan," "expect," "intend," "anticipate," "propose," "estimate," "may," "will," "would," "potential," or variations of such words and phrases, or statements that certain actions, events or results "may," "could," or "will" occur.

Forward-looking statements in this news release include, but are not limited to, statements regarding: the Company's intended use of proceeds from the Private Placement; the Company's planned exploration and drilling programs in the Otago Gold District, New Zealand; and the receipt of any required regulatory or exchange approvals, including final acceptance of the Canadian Securities Exchange (if applicable).

Forward-looking statements are based on the reasonable assumptions, estimates and opinions of management as of the date of this news release and are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, without limitation: the risk that the Company may not receive required regulatory or exchange approvals, including final acceptance of the Canadian Securities Exchange (if applicable), on a timely basis or at all; changes in general economic, market and business conditions; the availability of personnel, equipment and other resources required to carry out exploration and drilling programs; the risk that the Company's exploration and drilling programs may not proceed as planned, or may not achieve expected results; and the risk that proceeds from the Private Placement may not be used as currently anticipated.

Although the Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results may differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. The Company expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

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Source: KO Gold Inc.

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