Key Gold Holding Announces Private Placement

   Key Gold Holding Inc. (TSX VENTURE: KGH) is pleased to announce a non-brokered private placement financing consisting of up to 1,500,000 common shares (the "Shares") at a purchase price of $0.20 per Share to raise gross proceeds of up to $300,000 (the "Private Placement").

The Company expects Insiders will be subscribing for more than 25% of the Private Placement. The Shares issued will be subject to a hold period of four months and one day.

Proceeds of the Private Placement will be used for working capital. The Private Placement will be subject to approval by the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this news release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Louis Lessard President [phone] 418 650-4922 (FAX) [e-mail] www.keygoldholding.com Ansacha Capital Inc. Jean-Francois Lemay [phone]