UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



       Date of report (Date of earliest event reported)  February 25, 2005
                                                        -------------------


                              KEY GOLD CORPORATION
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


                                     Nevada
                 ----------------------------------------------
                 (State or Other Jurisdiction of Incorporation)


                 000-50660                              98-0372619
         ------------------------           ---------------------------------
         (Commission File Number)           (IRS Employer Identification No.)


     1942 Broadway, Suite 504, Boulder, Colorado           80302
--------------------------------------------------------------------------------
      (Address of Principal Executive Offices)          (Zip Code)


                                 (303) 323-1927
              ----------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


--------------------------------------------------------------------------------
          (Former Name or Former Address, If Changed Since Last Report)



                                       1
<PAGE>

                            SECTION 8 -- OTHER EVENTS

ITEM 8.01  OTHER EVENTS

            On February 28, 2005,  Key Gold  Corporation,  a Nevada  corporation
("Key  Gold"),  announced  that it has  approved an  agreement,  effective as of
February 25, 2005, with QGX Ltd. ("QGX"), an Ontario-based company,  whereby Key
Gold can  earn an  interest  in the  following  three  exploration  licenses  in
Mongolia held by QGX: Uhaa Hudag, Bayan Bulag, and Tsaidsam.

         Key Gold can earn a 60%  interest in the three  licenses by spending US
$1.5 million on the properties and issuing  500,000 common shares of Key Gold to
QGX  over a  period  of three  years  ending  February  28,  2008.  Key Gold has
committed to spend  US$400,000 on the  properties in the first year.  Should Key
Gold fail to spend  US$400,000  in the first year,  it will pay any shortfall in
cash to QGX and the agreement  will be  terminated.  Upon  completion of the 60%
earn-in,  Key Gold has the right to increase its interest in any of the licenses
to 75% by funding the cost of obtaining a positive  feasibility study for a mine
on that property.

            A copy of the  Registrant's  press  release  is  attached  hereto as
Exhibit 99.1.



                                       2
<PAGE>

SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:  February 28, 2005                   KEY GOLD CORPORATION


                                            By: /s/ John Anderson
                                                ---------------------------
                                                John Anderson
                                                Chief Executive Officer and
                                                Chief Financial Officer



                                       3
{"company-data": {"conformed-name": "KEY GOLD CORP", "cik": "0001174259", "assigned-sic": "7389", "irs-number": "980372619", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50660", "film-number": "05645781"}, "business-address": {"street1": "1942 BROADWAY,", "street2": "SUITE 504,", "city": "BOULDER", "state": "CO", "zip": "80302", "phone": "303-323-1927"}, "mail-address": {"street1": "1942 BROADWAY,", "street2": "SUITE 504,", "city": "BOULDER", "state": "CO", "zip": "80302"}, "former-company": {"former-conformed-name": "DDI INTERNATIONAL INC", "date-changed": "20020524"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

       Date of report (Date of earliest event reported)  February 25, 2005
                                                        -------------------

                              KEY GOLD CORPORATION
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                     Nevada
                 ----------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

                 000-50660                              98-0372619
         ------------------------           ---------------------------------
         (Commission File Number)           (IRS Employer Identification No.)

     1942 Broadway, Suite 504, Boulder, Colorado           80302
--------------------------------------------------------------------------------
      (Address of Principal Executive Offices)          (Zip Code)

                                 (303) 323-1927
              ----------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

--------------------------------------------------------------------------------
          (Former Name or Former Address, If Changed Since Last Report)

                                       1
SECTION 8 -- OTHER EVENTS

ITEM 8.01  OTHER EVENTS

            On February 28, 2005,  Key Gold  Corporation,  a Nevada  corporation
("Key  Gold"),  announced  that it has  approved an  agreement,  effective as of
February 25, 2005, with QGX Ltd. ("QGX"), an Ontario-based company,  whereby Key
Gold can  earn an  interest  in the  following  three  exploration  licenses  in
Mongolia held by QGX: Uhaa Hudag, Bayan Bulag, and Tsaidsam.

         Key Gold can earn a 60%  interest in the three  licenses by spending US
$1.5 million on the properties and issuing  500,000 common shares of Key Gold to
QGX  over a  period  of three  years  ending  February  28,  2008.  Key Gold has
committed to spend  US$400,000 on the  properties in the first year.  Should Key
Gold fail to spend  US$400,000  in the first year,  it will pay any shortfall in
cash to QGX and the agreement  will be  terminated.  Upon  completion of the 60%
earn-in,  Key Gold has the right to increase its interest in any of the licenses
to 75% by funding the cost of obtaining a positive  feasibility study for a mine
on that property.

            A copy of the  Registrant's  press  release  is  attached  hereto as
Exhibit 99.1.

                                       2
SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:  February 28, 2005                   KEY GOLD CORPORATION

                                            By: /s/ John Anderson
                                                ---------------------------
                                                John Anderson
                                                Chief Executive Officer and
                                                Chief Financial Officer

                                       3