KO Gold Inc. entered into a Share Purchase Agreement to acquire Hyde Resources Limited from Smylers Gold Limited for NZD 1.3 million.

KO Gold Inc. is a Canada-based junior mining company. The Company’s strategy is to acquire and explore highly prospective gold properties within the Otago Gold District in New Zealand. It has approximately eight 100%-owned prospecting and exploration permits within the Otago Gold District, which includes the Smylers Gold Project for a combined land package of approximately 1,064 square kilometers (km2). Its exploration permits include Smylers Exploration Permit, Glenpark Exploration Permit, Hyde Exploration Permit, Tokomairiro Prospecting Permit, Rough Ridge South Prospecting Permit, Carrick Range Prospecting Permit, Raggedy Range EP 60733 and Garibaldi EP 60677. The Smylers Exploration Permit is located approximately 26 km east of the Macraes Gold Mine and approximately 45 km north of Dunedin. The Glenpark Exploration Permit is located approximately 14 km east of the Macraes Mine and approximately 55 km north of Dunedin.