Key Gold Holding Completes Acquisition of Lac Musset Copper Property

   Key Gold Holding Inc. (TSX VENTURE: KGH) ("Key Gold") is pleased to announce that the TSX Venture Exchange has accepted the previously announced acquisition of the Lac Musset Copper property from arm's length vendors (see news release of September 1, 2010).

Key Gold issued 2, 250,000 common shares and made cash payments totalling $30,000 to the Vendors for the Lac Musset Copper property. A finder's fee of 300,000 common shares of Key Gold was paid to Ansacha Capital Inc. on this transaction.

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.

Forward looking Statement

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

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: Key Gold Holding Inc. Louis Lessard President 514-650-4171