The Wolf Project is a newly staked, district-scale gold exploration project in west-central Yukon Territory, Canada. The project consists of 1,044 claims totalling 21,887 hectares and represents a rare opportunity to secure a large land position across both known gold mineralization and compelling greenfields discovery targets.

The property is divided into three highly prospective areas: Wolf South, which hosts historically fragmented gold, arsenic, antimony, and base metal soil geochemical anomalies spanning over 10 kilometres , and the Wolf Central and North blocks, two blocks of claims covering unglaciated, mainly unexplored ground characterised by coarse placer gold occurrences, elevated mercury and antimony in stream sediments, as well as structural features interpreted to be prospective for a previously unrecognised epithermal gold system.

Wolf strengthens K2’s pipeline as a high-quality discovery platform in one of the world’s premier mining jurisdictions.

The Wolf Project is situated in the northwest Nisling Range, approximately 40 kilometres southeast of K2’s Wels Project and 75 kilometres east-southeast of Beaver Creek, Yukon. The project lies 30 kilometres northeast of the Alaska Highway and powerline and is located 80 kilometres south of the 3.0 Moz Au Coffee Gold Project currently under development by Fuerte Metals.

The newly acquired claims cover a large, underexplored gold-prospective area identified by K2’s technical team through proprietary regional targeting and compilation of historical datasets from prior operators including Teck Resources, Beringia Gold, and Ryan Gold.

:Location of the Wolf claim blocks; K2’s Wels Property indicated

Wolf South

The Wolf South claim block is situated within an underexplored corner of the northwestern Nisling Range, where Cretaceous-age granodiorite and related intrusive phases are juxtaposed against older metamorphic rocks and younger volcanic rocks northeast of the Denali fault, and along a regionally significant northwest-trending fault system.

Discrete, multi-kilometre-scale soil anomalies with Au-Cu-Mo±As±Bi, Au-As-Bi-Cu-Ag, and Au-As-Sb geochemical associations occur within a region hosting sheeted and discrete quartz veins and altered volcanic breccias over a >10 kilometre mineralised trend. Peak historical soil geochemical values include 404 ppb Au, 596 ppm As, 95 ppm Sb, 33 ppm Bi, and 519 ppm Cu.

Wolf North

In the Wolf North blocks, K2’s geological team identified a series of horsetailing northeast-trending normal faults exposing granitic intrusions beneath volcanic cover in the vicinity of multiple unexplained coarse gold in stream sediment occurrences. The structures, unique to the region, juxtapose Donjek volcanic rocks against the 72 Ma Katrina Creek suite granodiorites. The area is unglaciated and hosts several streams which drain the claim block to the north and contain coarse gold in stream sediments.

The Wolf South claim block is host to a >10 km long gold-in-soil geochemical anomaly which was previously held by Teck Resources, Ryan Gold Corp., and Beringia Gold Corp. K2 is the first company to hold the entire anomaly in a single land position.

Historical work in the district indicates that Wolf South hosts multiple styles of mineralization within all rock types. As previous exploration was fragmented and conducted by multiple competing operators, K2 believes its staking represents the first consolidation of the trend in a single land package.

A sequence of Donjek suite volcanic rocks consisting of rhyolite, dacite, and andesite are cut by several prominent northeast-trending fault structures. Streams surrounding the terrain contain coarse gold in stream sediments as well as highly anomalous mercury and antimony; these features may indicate the presence of an epithermal gold system which has seen only cursory exploration in the past.

The Wolf Project was generated in-house by leveraging the extensive Yukon experience of K2’s technical team, including Eric Buitenhuis, M.Sc., P.Geo., and John Robins, founder and former Chairman of Kaminak Gold Corp.

K2’s technical team identified the Wolf Project through proprietary regional targeting and compilation of historical datasets from prior operators including Teck Resources, Beringia Gold, and Ryan Gold.

The Company plans to commence an initial reconnaissance programme during the 2026 field season focused on collection of LiDAR data and high-resolution orthophotography, soil sampling, geological mapping, and prospecting across priority targets.

K2 expects the initial Yukon work programme to be modest and highly scalable, designed to complement—not compete with—the Company’s planned drilling activities at Mojave.

The Company plans to restructure the ownership of its Yukon projects, including Wolf and the Wels property where drilling to date has intersected high-grade gold across all tested trends (including 3.53 g/t Au over 19.5 m and 10.38 g/t Au over 6.0 m), into a wholly owned subsidiary to enhance future strategic flexibility. The technical information presented herein has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Eric Buitenhuis, M.Sc., P.Geo., K2’s Qualified Person and Vice President of Exploration.