Key Gold Holding Inc. (TSX VENTURE:KGH) (the "Company") hereby announces the
first closing of its private placement disclosed in its press release dated
September 1st, 2010, pursuant to which 1,820,000, shares were issued at a price
of $0.125 per share for proceeds of $227,500. Additional closings may take place
on or before December 20, 2010.


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: 13,560,434
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