KGH Pangolin Diamonds Corporation

Key Gold Holding Inc. (the "Company") (TSX VENTURE: KGH) hereby wishes to disclose and correct the closing amount it announced in its December 31st, 2010 press release. A such, the Company raised proceeds of $642,990 consisting in 3,572,167 common shares issued at $0.18, rather than $525,000 as previously mentioned. The Company hereby offers its apologies to all investors.

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

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.

Contacts: Key Gold Holding Inc. Louis Lessard President 514-650-4171 louis.lessard@keygoldholding.com