Key Gold Holding Inc.

Key Gold Holding Inc.

March 04, 2011 12:12 ET

Key Gold Holding Appoints Mr. Rick G. Bonner P.Geo to the Board of Directors and Retains Geologica Groupe-Conseil Inc.

Geologica Groupe-Conseil has over 25 years of expertise in the camp working also with Bonterra

QUEBEC CITY, QUEBEC--(Marketwire - March 4, 2011) - Key Gold Holding Inc. (TSX VENTURE:KGH) ("Key Gold") announces that it has retained Geologica Groupe-Conseil Inc., a geological consulting firm based in Val d'Or to prepare a NI 43-101 compliant report for the Souart gold property. The report will make recommendations for advancing the project and propose a plan for the next phase of exploration. The Souart gold property, recently acquired from Glen Eagle Resources Inc, subject to the TSXV Venture Exchange (the "TSXV") final approval, is strategically located in the Urban-Barry greenstone belt near Lebel-sur-Quevillon in the Province of Quebec.

Key Gold is also pleased to announce the appointment, subject to regulatory and TSXV approval, of Mr. Rick G. Bonner, B. Sc., P. Geol., to the Corporation's Board of Directors; additionally, we regretfully announce the resignations of Mr. Robert Leckie and Mr. Douglas H. Bache from the Board for personal reasons.

Mr. Bonner has over 25 years of experience in the exploration industry, and was part of the Management of several mining issuers, including Diavik Diamond Mines Inc. and BHP Minerals International Exploration Inc. From 2007 to the present, Mr. Bonner has been a consultant to the industry through RUW Exploration Limited 2007, for gold and other metals projects in North America and Africa. He currently sits on the board of Delta Uranium Inc. and is also a Qualified Person as defined by National Instrument 43-101.

"We are pleased that Rick has joined our team and serve on our Board of Directors," remarks Louis Lessard, Chairman, President and CEO. "We believe his involvement will be a substantial asset for Key Gold's development as we advance our projects".

The Board of Directors of Key Gold will now comprise Mr. Louis Lessard, Chairman, President and Chief Executive Officer, Mr. Robert Séguin and Mr. Claude St-Hilaire and Mr. Rick G. Bonner, Independent Directors.

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.

Shares outstanding: 24,622,053

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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