Key Gold Appoints Steve Barrett as Interim President and CEO

Key Gold Holding Inc. (TSX VENTURE:KGH) is pleased to announce the appointment
of Steve Barrett as the Interim President and Chief Executive Officer of the
Corporation. Louis Lessard has resigned from the position of President and CEO
and will stay with the Corporation as member of the Board of Directors. 


Specializing in corporate finance, operational, and marketing management, Mr.
Barrett brings over 25 years experience with building and advising Canadian
companies. Steve actively leads his management teams with a clear and pragmatic
approach to driving business results, creating shareholder value, and achieving
sustainable growth. 


The Corporation thanks Mr. Lessard for his contributions to the Corporation as
an Officer. Mr. Barrett's nomination is subject to regulatory approval. 


Souart Gold Property 

The Corporation has also advised Glen Eagle Resources Inc. and Rivercrest
Resources Inc. that it will not pursue the Souart acquisition agreement. The
terms of the original agreement are contained in the Corporation news releases
of December 9, 2010 and May 17, 2011. 


About Key Gold Holding Inc. 

Key Gold Holding Inc. is a mineral exploration company that is mainly focused on
the acquisition, exploration and development of gold and copper properties.