Key Gold Holding Inc.: Confirmation of NI-43-101 Report on Lac Musset Copper Property

Key Gold Holding Inc. (the "Company") (TSX VENTURE:KGH) hereby announces that on
December 20th, 2010, the TSX Venture Exchange (the "Exchange") confirmed that
the NI-43-101 Report on the Lac Musset Copper Property (the "Property") complied
with the Exchange's Mining Standards Guidelines for disclosure for Mineral
Projects. 


Furthermore, Mr. Lessard commented following receipt of the confirmation by the
Exchange on the NI-43-101 Report on the Property: "for the past year, prices of
copper have risen nearly 26%, building upon a staggering 140% increase in 2009,
stating an article in the Globe and Mail from Chris Kelly and Michael Taylor
December 21st, 2010. Resurgence of worldwide demand for this industrial metal
(namely in China) is very good news 


Flow-Through Financing 

The Company also wishes to disclose that it intends to complete a non-brokered
private placement of no less that 500,000$ consisting of flow-through shares in
order to make exploration expenditures on the Property. 


About Key Gold Holding Inc. 

Key Gold Holding Inc. is a junior mining exploration company listed on the TSX
Venture Exchange whose mission, among others, is to invest in small-scale gold
production projects and to provide expertise in financial and mining engineering
with the objective of maximizing return on investments and shareholders' value. 


Forward looking Statement: 

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


Shares outstanding : 18,360,574