KO Gold Inc. (CNSX:KOG) entered into an acquisition agreement to acquire Two exploration permits in Otago Gold District of New Zealand from NewPeak Metals Limited (ASX:NPM), NewPeak NZ Ltd and Neil Stuart for CAD 0.5 million on February 15, 2024. As consideration KO Gold will issue an aggregate of 595,238 common shares at a deemed issuance price of CAD 0.42 per Common Share, issue common shares having a value of CAD 125,000 on or before February 15, 2025 and issue common shares having a value of CAD 125,000 on or before February 15, 2026. The transaction and the issuance of the Common Shares remains subject to receipt of all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange. All Common Shares issued will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Completion of the sale and purchase of the Property is also subject to and conditional upon New Zealand Petroleum and Minerals and the Minister approving the transfer of the Property.

KO Gold Inc. (CNSX:KOG) completed the acquisition of Two exploration permits in Otago Gold District of New Zealand from NewPeak Metals Limited (ASX:NPM), NewPeak NZ Ltd and Neil Stuart on February 23, 2024.