LKA Gold to Complete Kinross Drilling Program at Golden Wonder Mine

GIG HARBOR, Wash., April 12, 2018

With the previously announced conversion of LKA's 7.5% convertible debentures and certain Company obligations (current payables) by Koski and Abraham related entities, including 1.75 million recently issued shares (bonus compensation) to management, LKA insiders now control over 72% of LKA's 27,541,308 outstanding shares. More details of these transactions and insider ownership are contained in the Company's 2017 10-K which will be filed with the SEC later this month.

According to LKA President, Kye Abraham, "With these transactions completed we can focus our attention on those intriguing drill targets left untested by Kinross. Two of the drill holes have confirmed the extension of the Golden Wonder structure beyond our existing mine area. Our team is highly motivated."

About Koski Family Limited Partnership
The Koski Family Limited Partnership was organized in 1996 by members of the Robert E. Koski family as a vehicle for managing family assets and making strategic investments in a variety of industries. KFLP owns substantial equity interests in Sun Hydraulics Corporation (NASDAQ), Oragenics, Inc. (NYSE), nMetric, LLC, and other private companies. KFLP and members of the Koski family individually are LKA's largest shareholders.

About LKA and Kinross exploration programs at the Golden Wonder Mine
As previously announced, the recently terminated Kinross drilling program, in LKA's opinion, only superficially and inconclusively tested four of the six original drill targets identified by Kinross geologists during a geochemistry evaluation of the surface area adjacent to, and well beyond, the original Golden Wonder discovery. (See maps of permitted drill sites at: http://lkagold.com/golden-wonder-mine). All six of the original drill targets possess surface geochemistry similar to the original high-grade ore shoot that, during LKA's ownership, yielded over 141,000 ounces from an area measuring less than 10,000 square feet. Ore grades from commercial production (2000-2006) were 16.01 oz gold per ton.

Upon resuming exploratory mining operations in the first quarter of 2009, LKA shipped thirty-one bulk samples of crushed vein material containing more than 4,900 ounces of gold with a net value, after processing, of over $5.1 million. These shipments were made to Kinross, Klondex Mines, Freeport McMoRan, and TCB International. Gold sales covered a substantial portion of LKA's exploration expenses to date.

Details of the LKA and Kinross exploration efforts (including previous commercial production) can be found on the LKA website at: http://lkagold.com or in the "President's Email Updates" at: http://lkagold.com/presidents-message/  Investors are cautioned that the Company continues to generate substantial losses and additional funding and exploration work is required. A commercially viable ore reserve has yet to be established and there can be no guarantee that the Company will be successful in achieving any of its objectives.