Key Gold Holding Inc.

Key Gold Holding Inc.

December 06, 2011 16:52 ET

Key Gold Appoints Steve Barrett as Interim President and CEO

QUEBEC, CANADA--(Marketwire - Dec. 6, 2011) - 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.

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.

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