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K92 Mining Announces Expansion of Near-Mine Infrastructure Dilatant Zone, High-Grade Zone Extensions and Potential New High-Grade Zone Along Strike

June 5, 2025

VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF) is pleased to announce its latest high-grade results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to the Kora and Judd Deeps targets at the Kainantu Gold Mine in Papua New Guinea.

  • Multiple high-grade intersections with broadening widths, referred to as dilatant zones, recorded at Kora’s K2 Vein. The intersections have extended the interpreted dilatant zone up-dip from the area defined in late-2024 ( see Dec 3, 2024 press release ). Importantly, this dilatant zone is near mine infrastructure, located approximately 100 metres from current underground workings, further expanding the potential for bulk mining near-term. The intersections were also in an area previously interpreted to be narrow vein in the mineral resource estimate (September 12, 2023 effective date, “2023 MRE”), while also recording high-grade intersections.
    • Dilatant zone highlights from the K2 Vein include:
      • KMDD0844: 12.80 m at 31.89 g/t gold equivalent (“AuEq”) (25.97 g/t Au, 58 g/t Ag, 3.35% Cu) (1,2)
      • KMDD0843: 10.10 m at 16.29 g/t AuEq (14.01 g/t Au, 82 g/t Ag, 0.84% Cu)
    • Previously reported dilatant zone intersections down-dip of the above, highlights include (3) :
      • KMDD0752: 13.50 m at 19.02 g/t AuEq (14.93 g/t Au, 199 g/t Ag, 1.00% Cu)
      • KMDD0746: 14.40 m at 12.09 g/t AuEq (9.58 g/t Au, 54 g/t Ag, 1.15% Cu)
      • KMDD0709: 12.14 m at 5.97 g/t AuEq (4.73 g/t Au, 7 g/t Ag, 0.72% Cu)
      • KMDD0751: 9.50 m at 7.00 g/t AuEq (2.26 g/t Au, 42 g/t Ag, 2.63% Cu)
  • High-grade zones within Kora’s K1 and K2 veins continue to be extended up-dip from the main mine, recording multiple intersections exceeding resource model grades, including:
    • K2 Vein high-grade extension up-dip from main underground mining area:
      • KMDD0845 : 12.30 m at 18.58 g/t AuEq (18.14 g/t Au, 23 g/t Ag, 0.11% Cu)
      • KMDD0830: 7.17 m at 39.50 g/t AuEq (37.93 g/t Au, 69 g/t Ag, 0.50% Cu)
      • KMDD0847: 4.00 m at 43.89 g/t AuEq (39.23 g/t Au, 72 g/t Ag, 2.44% Cu)
    • K1 Vein high-grade extension up-dip from main underground mining area:
      • KMDD0847: 4.08 m at 30.95 g/t AuEq (30.29 g/t Au, 30 g/t Ag, 0.21% Cu)
      • KMDD0828: 2.80 m at 28.67 g/t AuEq (27.91 g/t Au, 18 g/t Ag, 0.36% Cu)
  • High-grade copper zone delineated to the south at the K2 Vein over a +300-metre vertical extent from the latest drilling results, with many intersections exceeding 2023 MRE AuEq grades.
    • K2 Vein high-grade copper intersection highlights include:
      • KMDD0865: 10.05 m at 12.25 g/t AuEq (0.97 g/t Au, 84 g/t Ag, 6.58% Cu )
      • KMDD0832: 21.86 m at 8.56 g/t AuEq (4.05 g/t Au, 41 g/t Ag, 2.58% Cu )
      • KMDD0771: 11.70 m at 15.85 g/t AuEq (7.43 g/t Au, 162 g/t Ag, 4.17% Cu )
      • KMDD0770: 14.50 m at 9.22 g/t AuEq (0.47 g/t Au, 47 g/t Ag, 5.24% Cu )
      • KMDD0826: 10.50 m at 9.19 g/t AuEq (4.58 g/t Au, 44 g/t Ag, 2.61% Cu )
      • KMDD0829: 10.60 m at 11.51 g/t AuEq (2.28 g/t Au, 87 g/t Ag, 5.26% Cu )
      • KMDD0835: 4.00 m at 5.70 g/t AuEq (0.54 g/t Au, 26 g/t Ag, 3.10% Cu )
      • KMDD0836: 4.14 m at 6.40 g/t AuEq (0.47 g/t Au, 37 g/t Ag, 3.52% Cu )
    • K1 Vein also recorded multiple high-grade copper intersections to the south, either outside of the 2023 MRE or at higher than 2023 MRE grades. Highlights include:
      • KMDD0825: 26.15m at 20.22 g/t AuEq (7.32 g/t Au, 165 g/t Ag, 7.01% Cu )
      • KMDD0770: 10.60 m at 5.14 g/t AuEq (0.40 g/t Au, 38 g/t Ag, 2.74% Cu )
      • KMDD0865: 4.10 m at 12.49 g/t AuEq (0.63 g/t Au, 69 g/t Ag, 7.06% Cu )
  • Potential northern high-grade zone identified at the K1 Vein outside of the 2023 MRE and near-mine infrastructure. Highlights include:
    • KMDD0848: 3.90 m at 16.55 g/t AuEq (16.41 g/t Au, 5 g/t Ag, 0.05% Cu)
    • KMDD0823: 6.00 m at 6.25 g/t AuEq (6.17 g/t Au, 4 g/t Ag, 0.02% Cu)
    • KMDD0837: 2.40 m at 8.04 g/t AuEq (7.23 g/t Au, 6 g/t Ag, 0.47% Cu)
  • Multiple high-grade intersections recorded at Judd’s J1 Vein, continuing to extend high-grade mineralization up-dip from the main mine and extending high-grade intersections below the main mine.
    • J1 Vein intersections extending high-grade mineralization above the main mine include:
      • JDD0221: 6.10 m at 20.03 g/t AuEq (19.02 g/t Au, 7 g/t Ag, 0.59% Cu)
      • JDD0273: 3.66 m at 17.48 g/t AuEq (12.94 g/t Au, 57 g/t Ag, 2.48% Cu)
      • JDD0269: 1.70 m at 21.62 g/t AuEq (19.95 g/t Au, 19 g/t Ag, 0.93% Cu)
    • J1 Vein intersections extending high-grade mineralization below the main mine include:
      • JDD0279: 6.10 m at 11.99 g/t AuEq (8.80 g/t Au, 41 g/t Ag, 1.74% Cu)
      • JDD0294: 2.20 m at 16.13 g/t AuEq (10.00 g/t Au, 109 g/t Ag, 3.11% Cu)

Notes
(1) Drill highlights presented above are core lengths (not true widths).
(2) Gold equivalent exploration results are calculated using longer-term commodity prices with a copper price of US$4.50/lb, a silver price of US$27.50/oz and a gold price of US$2,000/oz. The following recoveries were applied in-line with the Updated Definitive Feasibility Study: Au – 92.6%, Cu – 94.0%, and; Ag – 78.0%.
(3) See December 3, 2024 press release; K92 Mining Announces Multiple New Near-Mine Infrastructure Dilatant Zones Identified and High-Grade Zones Extended.

John Lewins, K92 Chief Executive Officer and Director, stated, “The latest drilling results at Kora and Judd further reinforce the substantial potential for high-grade resource growth at Kainantu. At Kora’s K2 Vein, drilling has significantly expanded the previously interpreted dilatant zone up-dip, returning broad, high-grade intercepts in areas previously interpreted as narrow vein. Importantly, this dilatant zone is located near mine infrastructure, offering meaningful near-term bulk mining potential to support the Stage 3 Expansion ramp-up.

Drilling has also continued to extend high-grade mineralization in multiple areas, with many intersections recording grades well above the 2023 mineral resource estimate at the K1, K2 and J1 veins in addition to defining a potential new high-grade zone at K1 to the north. At K2, to the south towards the A1 Porphyry, a significant high-grade copper zone with a vertical extent of over 300 metres has also been delineated – plans are in place to continue to expand this zone at higher drill density.

Regionally, our program continues to ramp-up, with plans to have five rigs operating at Arakompa in the coming weeks. We are also expanding our drill fleet further, with two additional surface drill rigs on order. We look forward to providing further updates in due course.”

The results for the latest 90 diamond drill holes completed from surface and underground are summarized in the tables below. The results continue to demonstrate the high-grade, continuity and expansion potential of the Kora-Kora South and Judd-Judd South vein systems. Intersections largely focused on increasing drill density vertically while also targeting resource extension along strike to the south and north.

All drill holes at Kora-Kora South (including Kora Deeps) intersected mineralization, with 24 intersections exceeding 10 g/t AuEq and 65 intersections exceeding 5 g/t AuEq.

At Judd-Judd South (including Judd Deeps), all drill holes intersected mineralization, with 12 intersections exceeding 10 g/t AuEq and 21 intersections exceeding 5 g/t AuEq.

Figures

Long sections of K1, K2, and J1 showing the location of the latest drill holes are provided in Figures 1, 2, and 3 , respectively.

A long section showing Kora drilling to date is provided in Figure 4 .

A long section showing Judd drilling to date is provided in Figure 5 .

Core photographs from drill holes KMDD0830 and KMDD0777 are provided in Figure 6 and Figure 7, respectively.

Table 1
Kainantu Gold Mine – Significant Intercepts from Kora Underground Diamond Drilling

Hole ID From
(m)
To
(m)
Interval
(m)
True width
(m)
Gold
g/t
Silver
g/t
Copper
%
Gold Eq Vein
KMDD0768A 134.95 142.5 7.55 4.69 3.15 1 0.06 3.26 K1
KMDD0768A 144.55 147.3 2.75 1.71 2.7 5 0.09 2.9 KL
KMDD0769 13.15 13.55 0.4 0.22 20.54 167 6.27 32.29
KMDD0769 122.37 125.08 2.71 1.52 2.16 7 1.01 3.82 K1
KMDD0769 126 134.5 8.5 4.75 0.3 27 2.19 4.05 K2
KMDD0770 142.4 153 10.6 4.83 0.4 38 2.74 5.14 K1
KMDD0770 155.9 170.4 14.5 6.63 0.47 47 5.24 9.22 K2
KMDD0771 16 17 1 0.92 3.91 13 0.01 4.08
KMDD0771 58.3 70 11.7 10.86 7.43 162 4.17 15.85 K2
KMDD0771 192.37 192.77 0.4 0.37 0.63 51 3.64 6.92
KMDD0771 209.3 210 0.7 0.65 0.21 23 2.41 4.25
KMDD0771 217 217.5 0.5 0.46 0.91 24 2.51 5.12
KMDD0771 300.23 300.58 0.35 0.31 0.14 20 2.72 4.63
KMDD0771 310 310.43 0.43 0.38 1.26 18 0.3 1.94
KMDD0771 325.8 326.13 0.33 0.29 0.44 1 2.48 4.34
KMDD0771 344.5 345.1 0.6 0.53 22.02 20 0.43 22.93
KMDD0771 437.6 438.3 0.7 0.62 1.9 63 0.71 3.74 KA2
KMDD0771 522.8 523.6 0.8 0.71 4.01 2 0.18 4.32 KA1
KMDD0776 177 179 2 1.15 0.09 2 0.03 0.15 J1
KMDD0776 228.6 230 1.4 1.2 19.64 7 0.89 21.11
KMDD0776 235 239 4 2.73 1.22 25 1.36 3.64
KMDD0776 294 302.8 8.8 8.32 1.02 8 0.76 2.31 K2
KMDD0777 332.3 335.5 3.2 2.33 1.39 36 0.85 3.14 K1
KMDD0777 417 418.35 1.35 0.97 14.38 147 5.04 23.97 K2
KMDD0777 477.4 481.33 3.93 2.87 2.03 80 0.27 3.37 K2HW
KMDD0780 42 45.8 3.8 3.43 1.14 12 1.09 3 K2
KMDD0780 60.8 73 12.2 11.05 2.08 15 0.31 2.75 K3
KMDD0780 194.9 197.5 2.6 2.39 1.05 8 0.33 1.66
KMDD0780 245.9 247 1.1 1.01 2.29 25 0.84 3.89
KMDD0780 503.7 505.42 1.72 1.54 6.38 8 0.05 6.54 KA2
KMDD0780 612 615.73 3.73 3.34 1.05 7 0.59 2.06 KA1
KMDD0780 742 744 2 1.77 9 14 0.06 9.25
KMDD0780 831 833.04 2.04 1.79 8.45 15 0.38 9.21
KMDD0780 860.38 861.96 1.58 1.38 3.19 42 3.41 9.02
KMDD0783 99.1 100.8 1.7 1.17 4.02 5 0.09 4.22 J1L
KMDD0783 129 132 3 2.04 3.23 2 0.06 3.36 J1
KMDD0783 148.2 148.64 0.44 0.3 10.11 1 0.01 10.14
KMDD0783 158.7 160.4 1.7 1.16 2.39 11 0.73 3.66
KMDD0783 203 208 5 3.45 1.79 4 1.46 4.12 K1
KMDD0783 215.65 223.27 7.62 5.26 2.24 27 1.23 4.48 K2
KMDD0784 130.3 132 1.7 1.23 3.23 3 0.24 3.64 K1
KMDD0784 135 141.5 6.5 4.7 2.71 7 0.18 3.08 KL
KMDD0784 167.38 171.7 4.32 3.14 1.17 21 0.36 1.98 K2
KMDD0800 129.4 134.96 5.56 4.69 4.32 4 0.17 4.62 K1
KMDD0800 135.9 140.9 5 4.22 1.39 4 0.1 1.59 KL2
KMDD0800 214.15 215.1 0.95 0.61 0.27 23 1.05 2.19 K2
KMDD0801 115.45 117.6 2.15 1.92 5.93 7 0.04 6.07 K1FW
KMDD0801 123.85 130 6.15 5.49 6.85 1 0.12 7.05 K1
KMDD0802 123.6 129.4 5.8 5.03 9.38 3 0.02 9.45 K1
KMDD0805 119 125 6 4.2 6.62 12 1.75 9.51 K1
KMDD0805 136.4 141 4.6 3.83 1.23 12 1.19 3.24 K2
KMDD0805 161 162.23 1.23 1.03 2.1 16 2.03 5.45 K3
KMDD0806 95.94 96.5 0.56 0.47 2.57 1 0.01 2.6
KMDD0806 117.65 119.14 1.49 1.24 1.17 8 2.22 4.75
KMDD0806 125.26 131.4 6.14 5.11 1.37 7 1.68 4.08 K1
KMDD0806 134.53 140.27 5.74 4.79 0.76 4 0.61 1.77 K2
KMDD0806 151 152.9 1.9 1.59 1.18 51 0.89 3.16
KMDD0806 158.1 159.4 1.3 1.09 0.21 15 3.91 6.51 K2HW
KMDD0806 172 172.5 0.5 0.42 0.33 25 3.69 6.4 K3
KMDD0807 32.8 33.1 0.3 0.24 2.05 6 0.52 2.93 K1FW
KMDD0807 38.8 41.2 2.4 1.92 8.65 12 0.71 9.91 K1
KMDD0807 45.5 46.4 0.9 0.72 11.35 10 1.12 13.22 KL
KMDD0807 52.05 55.2 3.15 2.52 2.44 29 1.43 5.02 K2
KMDD0807 70.75 73.8 3.05 2.44 1.52 19 0.16 1.99 K3
KMDD0807 198.2 198.6 0.4 0.32 8.4 18 1.38 10.77
KMDD0807 206.5 209.4 2.9 2.32 1.63 18 0.67 2.88
KMDD0807 272.7 273.6 0.9 0.67 2.44 6 0.29 2.97
KMDD0807 389.8 390.3 0.5 0.37 1.78 3 0.02 1.85
KMDD0807 492.4 496.8 4.4 3.26 1.37 2 0.07 1.49 KA2
KMDD0807 575.4 576.06 0.66 0.49 2.06 3 0 2.09
KMDD0807 596 596.8 0.8 0.59 1.07 5 0.08 1.25
KMDD0807 603.13 605.84 2.71 2.01 2.34 4 0.12 2.58
KMDD0807 622.8 623.18 0.38 0.28 1.18 6 0.02 1.28
KMDD0807 673.84 681.31 7.47 5.53 0.71 1 0.1 0.89 KA1
KMDD0807 735.96 736.36 0.4 0.3 1.81 14 0.44 2.66
KMDD0807 754.36 754.7 0.34 0.25 0.59 21 2.43 4.64
KMDD0808 273 283 10 5.35 1.39 5 0.24 1.83 J1
KMDD0808 296.7 299.3 2.6 1.4 4.42 6 0.4 5.12 J1HW
KMDD0808 347.6 350.12 2.52 1.56 1.41 5 0.9 2.87 K1
KMDD0808 399.7 406.85 7.15 5.57 0.19 2 0.13 0.41 K2
KMDD0808 445 449.27 4.27 2.74 0.84 17 0.27 1.47 K3
KMDD0809 281.80 283.10 1.30 0.51 13.07 6 0.06 13.24 J1N
KMDD0809 308.15 308.40 0.25 0.10 0.30 9 4.47 7.41
KMDD0809 313.50 326.40 12.90 5.09 0.79 16 2.20 4.43 J1L
KMDD0809 336.95 351.10 14.15 5.68 3.22 5 0.44 3.97 J1
KMDD0809 383.00 385.00 2.00 0.92 1.17 3 0.20 1.51 K1
KMDD0809 485.95 486.40 0.45 0.22 2.44 12 0.19 2.87
KMDD0809 576.10 577.20 1.10 0.57 2.10 19 0.55 3.18 K2
KMDD0810 173 179 6 4.57 2.37 7 0.24 2.83 K1
KMDD0810 182 187 5 3.81 6.91 21 0.49 7.91 KL
KMDD0810 192 197 5 3.82 1.27 79 3.49 7.65 K2
KMDD0811 120.66 122.45 1.79 1.62 3.16 19 1.29 5.4 K1
KMDD0811 128.9 135 6.1 5.51 3.49 28 1.92 6.82 K2
KMDD0811 147.54 150 2.46 2.23 6.14 139 1.27 9.75 K3
KMDD0812 101.9 110.1 8.2 6.17 6.67 10 0.76 7.98 K1
KMDD0812 110.9 113.7 2.8 2.78 1.05 14 0.76 2.4 KL
KMDD0812 115 128.6 13.6 6.65 2.15 13 0.45 3.01 K2
KMDD0812 130.77 132.21 1.44 6.09 0.32 21 2.92 5.14 K3
KMDD0814 113.8 124 10.2 9.2 0.43 1 0.07 0.55 K1
KMDD0815 123.55 128.9 5.35 4.56 0.75 3 0.48 1.54 K1
KMDD0815 138.5 150.65 12.15 10.76 3.31 19 1.45 5.79 KL2
KMDD0815 162 165 3 2.66 1.87 51 0.64 3.45 K2
KMDD0816 126.85 134.7 7.85 7.16 2.29 25 1.92 5.58 K1
KMDD0816 151.7 158.3 6.6 6.02 2.26 22 0.6 3.45 K2
KMDD0821 120.63 123.1 2.47 2.14 7.06 21 0.22 7.65 K1
KMDD0821 134.7 139.73 5.03 4.35 4.99 61 1.86 8.61 K2
KMDD0821 148.8 151.33 2.53 2.19 0.38 19 2.07 3.84 K3
KMDD0822 138.14 146.3 8.16 6.16 3.06 4 0.15 3.34 K1
KMDD0822 148.2 150.3 2.1 1.58 1.63 6 0.15 1.95 KL
KMDD0822 155 157.3 2.3 1.73 0.53 16 0.69 1.78 K2
KMDD0822 171 173 2 1.51 0.34 11 0.48 1.21 K3
KMDD0823 86.75 89 2.25 1.31 1.12 24 1.24 3.34
KMDD0823 142 148 6 3.57 6.17 4 0.02 6.25 K1
KMDD0824 146 156 10 5.72 0.56 1 0.13 0.77 K1
KMDD0825 200.6 211 10.4 3.64 1.25 39 1.37 3.84 K2
KMDD0825 166.21 192.36 26.15 9.26 7.32 165 7.01 20.22 K1
KMDD0826 200.2 205 4.8 1.42 0.31 24 1.64 3.15 K1
KMDD0826 223 233.5 10.5 3.13 4.58 44 2.61 9.19 K2
KMDD0826 319.6 320.2 0.6 0.2 1.22 17 0.1 1.58 K3
KMDD0826 362.4 363.1 0.7 0.21 2.32 29 2.97 7.31
KMDD0826 370.25 370.65 0.4 0.12 10.36 13 0.01 10.52
KMDD0827 151 155.43 4.43 3.15 2.2 16 0.23 2.74 K2
KMDD0827 139 142.12 3.12 2.21 3.42 107 2.43 8.46 K1
KMDD0828 147.7 150.5 2.8 2.05 27.91 18 0.36 28.67 K1
KMDD0828 156.25 161.4 5.15 3.78 2.97 15 0.49 3.92 K2
KMDD0829 207.4 208.5 1.1 0.26 5.27 4 0.11 5.48
KMDD0829 216.5 217.6 1.1 0.26 0.28 19 2.24 4.01
KMDD0829 233.55 234.1 0.55 0.13 0.37 75 5.56 9.95
KMDD0829 252.2 262.8 10.6 2.53 2.28 87 5.26 11.51 K2
KMDD0829 274.25 276.21 1.96 0.47 7.96 5 0.18 8.3 K2HW
KMDD0830 154.34 156.94 2.6 1.79 4.29 2 0.2 4.63 K1
KMDD0830 161.55 168.72 7.17 4.95 37.93 69 0.5 39.5 K2
KMDD0830 189.08 190 0.92 0.64 1.54 18 1.67 4.36 K3
KMDD0831 146.5 147.5 1 0.64 2.47 6 0.41 3.18
KMDD0831 165.06 167.1 2.04 1.3 1.7 2 0.48 2.48 K1
KMDD0831 173.37 185 11.63 7.42 3.76 6 0.22 4.18 K2
KMDD0832 70.8 72 1.2 1.05 0.33 16 2.52 4.47 KL
KMDD0832 74.64 96.5 21.86 19.19 4.05 41 2.58 8.56 K2
KMDD0832 123.3 123.8 0.5 0.44 1.06 50 5.28 9.91
KMDD0833 84.67 85.06 0.39 0.3 1.13 3 0.07 1.27
KMDD0833 87.1 87.45 0.35 0.27 1.2 6 0.3 1.74
KMDD0833 114.25 117 2.75 2.09 0.49 3 0.25 0.93 K1
KMDD0833 176 179 3 2.37 7.02 5 0.17 7.34 K2
KMDD0834 127.2 134.34 7.14 4.83 2.03 4 0.01 2.1 K1
KMDD0835 70.95 73 2.05 1.82 0.57 5 0.5 1.4
KMDD0835 79 83 4 3.55 0.54 26 3.1 5.7 K2
KMDD0836 20.22 20.45 0.23 0.15 1.26 15 0.69 2.52
KMDD0836 24.1 25 0.9 0.6 0.38 49 4.32 7.71
KMDD0836 45 47 2 1.32 6.33 2 0.01 6.36 K1FW
KMDD0836 92.3 96.44 4.14 2.67 0.47 37 3.52 6.4 K2
KMDD0837 76.9 77.34 0.44 0.31 2.23 23 0.11 2.67
KMDD0837 122.6 125 2.4 1.73 7.23 6 0.47 8.04 K1
KMDD0837 131.6 132.6 1 0.72 4.89 33 3.07 10.08 KL
KMDD0838 113 120.03 7.03 5.36 0.93 8 0.4 1.64 K1
KMDD0838 222.42 222.85 0.43 0.33 9.65 101 1.96 13.89 K3
KMDD0839 100.16 103.28 3.12 2.16 0.34 2 0.08 0.49
KMDD0839 113.7 115 1.3 0.91 1.01 3 0.22 1.38 K1
KMDD0840 85 86 1 0.74 1.13 1 0.06 1.24
KMDD0840 91 92 1 0.74 2.4 3 0.13 2.64 K1FW
KMDD0841 106.33 111.27 4.94 4.48 1.9 2 0.68 2.98 K1
KMDD0841 125 132 7 4.79 5.17 46 0.46 6.43 K2
KMDD0841 132 138 6 5.46 1.03 15 0.35 1.74 K3
KMDD0842 106.9 108.15 1.25 1.03 3.78 1 0.11 3.97 K1HW
KMDD0842 115.8 121.9 6.1 5.01 0.85 3 0.55 1.74 K1
KMDD0842 128.12 128.44 0.32 0.26 8.36 1 0.02 8.4
KMDD0842 132.12 132.97 0.85 0.7 2.19 21 6.37 12.41 KL
KMDD0842 142.9 145.6 2.7 2.18 15.2 227 1.45 20.1 K2
KMDD0843 103.75 104.75 1 0.74 6.05 19 2.21 9.73
KMDD0843 116.4 117.2 0.8 0.59 0.15 7 2.09 3.5
KMDD0843 124.3 124.75 0.45 0.33 22.43 24 3.96 28.91 K1HW
KMDD0843 133.9 137.2 3.3 2.45 21.58 14 3.21 26.78 K1
KMDD0843 159.9 170 10.1 7.49 14.01 82 0.84 16.29 K2
KMDD0844 158.45 159.35 0.9 0.2 0.91 6 1.86 3.9 K1FW
KMDD0844 167.9 170.73 2.83 1.85 0.89 7 2.59 5.03 K1
KMDD0844 184.3 197.1 12.8 8.33 25.97 58 3.35 31.89 K2
KMDD0845 153.3 159.9 6.6 4.23 0.74 10 0.52 1.67 K1
KMDD0845 167 179.3 12.3 7.92 18.14 23 0.11 18.58 K2
KMDD0846 170.46 173.4 2.94 1.66 1.84 4 0.22 2.23 K1FW
KMDD0846 186.65 193.7 7.05 4 2.13 18 0.88 3.72 K1
KMDD0846 196.8 206 9.2 5.22 1.52 9 0.57 2.53 K2
KMDD0847 168.7 171 2.3 1.28 0.99 6 1.09 2.76
KMDD0847 201.96 206.04 4.08 2.28 30.29 30 0.21 30.95 K1
KMDD0847 206.04 210.04 4 2.23 39.23 72 2.44 43.89 K2
KMDD0848 78.65 80.44 1.79 1.3 1.84 3 0.11 2.05
KMDD0848 82.1 83.1 1 0.73 1.04 1 0.1 1.21
KMDD0848 115.85 119.75 3.9 2.84 16.41 5 0.05 16.55 K1
KMDD0848 124.4 125.3 0.9 0.65 1.89 2 0.06 2.01
KMDD0848 126.05 127 0.95 0.69 1.66 1 0.01 1.69
KMDD0848 176.8 182 5.2 3.84 1.03 8 0.11 1.3 K2
KMDD0849 21.9 24 2.1 0.93 5.04 1 0 5.06
KMDD0849 33.55 34 0.45 0.2 2.02 30 0.26 2.78
KMDD0849 68.75 69.5 0.75 0.33 2.02 78 1.54 5.34 K1FW
KMDD0849 87.45 87.75 0.3 0.13 1.75 13 0.16 2.16
KMDD0849 119.25 126.3 7.05 3.08 0.48 21 2.94 5.32 K2
KMDD0850 146 154 8 2.35 0.55 10 1.5 3.01 K1
KMDD0850 178 183 5 1.42 0.15 7 0.26 0.63 K2
KMDD0851 113.55 114 0.45 0.11 4.88 102 5.78 15.11 K1FW
KMDD0851 133 134 1 0.25 0.5 19 2.84 5.17
KMDD0851 156.65 161 4.35 1.11 0.66 20 0.17 1.17 K1
KMDD0851 207 210 3 0.78 0.14 10 1.64 2.83 K2
KMDD0851 326.6 328.3 1.7 0.47 1.62 33 0.26 2.42 K3
KMDD0851 335.75 336.75 1 0.28 2.19 14 0.14 2.57
KMDD0852 245.8 250.4 4.6 0.86 2.34 24 2.84 7.06 K1
KMDD0852 250.4 255.75 5.35 1 0.23 6 0.17 0.57 K2
KMDD0852 245.8 250.4 4.6 0.86 2.34 24 2.84 7.06 K1
KMDD0852 250.4 255.75 5.35 1 0.23 6 0.17 0.57 K2
KMDD0853 119 122 3 2.28 0.49 4 0.37 1.11 K1
KMDD0853 171 174 3 2.3 0.76 5 0.13 1.01 K2
KMDD0855 71.5 75.7 4.2 3.35 3.43 16 0.59 4.55 K1FW
KMDD0855 111.17 114 2.83 2.26 0.39 3 0.28 0.88 K1
KMDD0855 175.75 178 2.25 1.85 1.22 1 0.14 1.46 K2
KMDD0859 27 28 1 0.48 1.22 6 0.1 1.45
KMDD0859 56 56.4 0.4 0.19 0.36 72 3.8 7.15
KMDD0859 119.25 120.1 0.85 0.41 0.67 34 0.8 2.32 K2
KMDD0860 110 116.3 6.3 4.98 4.56 3 0.15 4.82 K1
KMDD0861 68.5 69.6 1.1 0.96 4.52 26 1.85 7.71
KMDD0861 78 80 2 1.74 2.13 1 0.01 2.16
KMDD0861 98.05 105 6.95 6.03 2.53 3 0.09 2.7 K1
KMDD0862 113 116.4 3.4 2.93 2.67 1 0.2 3 K1
KMDD0862 122.85 130.9 8.05 5.65 0.66 2 0.07 0.8 KL
KMDD0862 130.9 143.25 12.35 10.65 4.7 24 0.48 5.73 K2
KMDD0862 146.8 148.36 1.56 1.34 0.99 62 0.95 3.19 K3
KMDD0863 115.95 119.94 3.99 3.24 2.67 5 0.35 3.28 K1
KMDD0863 142 146 4 3.22 17.79 3 1.07 19.5 K2
KMDD0863 148.05 152.18 4.13 3.32 1.84 69 1.04 4.27 K3
KMDD0863 162.5 164 1.5 1.2 0.54 11 1.89 3.63
KMDD0865 51.8 55.9 4.1 2.5 0.63 69 7.06 12.49 K1
KMDD0865 58 70 12 7.33 0.5 17 1.23 2.63 KL
KMDD0865 72.65 82.7 10.05 6.13 0.97 84 6.58 12.25 K2
KMDD0866 42.75 44.4 1.65 0.96 0.45 19 2.64 4.8
KMDD0866 52 59.7 7.7 4.48 0.31 10 1.88 3.37 K1
KMDD0866 86.72 92.9 6.18 3.6 1.92 24 5.6 10.96 K2
KMDD0866 113.3 118 4.7 2.73 0.27 13 0.19 0.72 K3
KMDD0866 146 147.7 1.7 0.99 0.31 65 2.49 4.96


Table 2
Kainantu Gold Mine – Significant Intercepts from Judd Underground Diamond Drilling

Hole ID From
(m)
To
(m)
Interval
(m)
True width
(m)
Gold
g/t
Silver
g/t
Copper
%
Gold Eq Vein
JDD0215 73 76.32 3.32 2.51 3.18 5 0.31 3.73 J1
JDD0215 81.75 82.34 0.59 0.45 3.87 104 4.18 11.63 J1N
JDD0215 112.67 113.5 0.83 0.63 1.87 50 0.19 2.75
JDD0221 73.09 79.19 6.1 3.92 19.02 7 0.59 20.03 J1
JDD0221 144.73 145.2 0.47 0.3 2.43 2 0.02 2.48
JDD0222 65.18 67.06 1.88 1.32 5.28 15 0.06 5.54 J1
JDD0222 73.8 78 4.2 2.96 20.05 37 1.35 22.59 J1N
JDD0264 49.53 52.22 2.69 1.15 1.96 7 0.07 2.14 J12
JDD0264 65.8 66.25 0.45 0.19 1.18 54 2.83 6.24
JDD0264 117 126.42 9.42 4.29 1.6 10 0.85 3.05 J1
JDD0268 39 41 2 1.46 1.74 6 0.17 2.07
JDD0268 97.7 98.8 1.1 0.81 1.89 1 0.05 1.98
JDD0268 124.35 125.1 0.75 0.55 1.09 1 0.02 1.13
JDD0268 134.1 134.75 0.65 0.48 11.73 13 0.76 13.07 J1
JDD0268 141 142 1 0.73 4.79 14 0.07 5.06
JDD0268 156.5 157 0.5 0.36 5.27 154 2.65 11.2 J1L
JDD0268 165.4 165.7 0.3 0.22 6.67 88 13.38 28.64
JDD0269 66.4 68.1 1.7 1.21 19.95 19 0.93 21.62 J1
JDD0269 80.05 81.65 1.6 1.14 7.44 59 3.9 14.24 J1N
JDD0273 55 58.66 3.66 3.11 12.94 57 2.48 17.48 J1
JDD0273 82.75 84.1 1.35 1.15 1.6 24 0.63 2.88
JDD0274 58 61.6 3.6 2.97 0.54 5 0.16 0.84 J1
JDD0274 63.5 66.9 3.4 2.81 4.58 40 0.61 6.01 J1N
JDD0275 41.27 41.53 0.26 0.18 1.47 5 0.34 2.06 J12
JDD0275 52.5 53.4 0.9 0.63 1.54 2 0.03 1.61
JDD0275 60.17 60.57 0.4 0.28 2.52 1 0.01 2.55
JDD0275 65.96 74.6 8.64 6.13 3.64 7 0.21 4.04 J1
JDD0276 69.04 69.8 0.76 0.47 3.27 6 0.31 3.83 J1
JDD0277 55.3 59.8 4.5 2.91 0.91 6 0.68 2.04 J1
JDD0278 96 99 3 1.53 0.31 2 0.1 0.49 J1
JDD0279 44.05 44.3 0.25 0.14 1.76 7 0.11 2.02
JDD0279 63 63.22 0.22 0.12 0.21 55 8.57 14.27
JDD0279 79.9 86 6.1 3.38 8.8 41 1.74 11.99 J1
JDD0279 119 120.05 1.05 0.58 1.04 24 1.56 3.76
JDD0280 37.73 38.1 0.37 0.19 0.33 14 2.83 4.92
JDD0280 72.7 73.1 0.4 0.2 9.37 4 0.11 9.59 JL
JDD0280 83.9 85.66 1.76 0.88 4.61 46 0.3 5.61 J1
JDD0280 96.2 97 0.8 0.41 1.06 3 0.21 1.42
JDD0280 134.2 134.7 0.5 0.25 0.45 9 4.22 7.16
JDD0281 79.8 80.85 1.05 0.38 5.78 8 0.05 5.95 J12
JDD0281 107.7 115.5 7.8 2.84 2.25 10 0.24 2.74 J1
JDD0282 138.8 139 0.2 0.17 0.71 4 0.42 1.41 J1
JDD0283 155.42 157 1.58 1.2 3.17 53 3.6 9.43 J1
JDD0284 57.8 58.32 0.52 0.29 2.82 6 0.3 3.36 J12
JDD0284 67.8 68.3 0.5 0.28 1.28 5 0.06 1.43
JDD0284 74.7 77.36 2.66 1.49 2.44 22 0.17 2.97 J1
JDD0285 146.9 155.5 8.6 7.03 1.87 7 0.45 2.66 J1
JDD0286 134.16 134.75 0.59 0.42 13.78 21 0.15 14.25 J12
JDD0286 157.54 157.68 0.14 0.1 0.29 30 2.47 4.5
JDD0286 168.13 169.63 1.5 1.06 7.96 13 0.73 9.26 J1
JDD0288 114.78 120.24 5.46 4.14 3.88 5 0.24 4.32 J1
JDD0290 151.9 158.1 6.2 4.35 1.16 4 0.37 1.8 J1
JDD0290 193.2 194.7 1.5 1.07 1.29 3 0.61 2.28 J1N
JDD0291 145.67 147.28 1.61 1.19 0.69 6 0.43 1.43 J1
JDD0293 119.8 128.6 8.8 8.28 0.69 8 0.43 1.46 J1
JDD0293 177.95 178.5 0.55 0.52 4.59 63 1.07 7 J1N
JDD0294 116.6 118.8 2.2 2.18 10 109 3.11 16.13 J1


Table 3
Kainantu Gold Mine – Significant Intercepts from Kora South Surface Diamond Drilling

Hole ID From
(m)
To
(m)
Interval
(m)
True width
(m)
Gold
g/t
Silver
g/t
Copper
%
Gold Eq Vein
KUDD0071 883.07 886.00 2.93 1.76 0.82 50 0.04 1.46 K1FW
KUDD0071 547.10 550.90 3.80 2.28 1.02 3 0.02 1.08 K1HW
KUDD0071 856.60 860.00 3.40 2.04 5.33 3 0.01 5.38 K1
KUDD0071 1031.90 1553.10 521.20 312.72 0.12 3 0.16 0.41 Low Grade Porphyry


Table 4
Kainantu Gold Mine – Collar Locations for Kora and Judd Surface and Underground Drilling

Hole ID
Collar location Collar orientation Lode
Local North Local East mRL Dip Local azimuth EOH depth (m)
JDD02155879429947136328137147Judd
JDD02215879429947136328137145Judd
JDD02225879629946136535113126Judd
JDD0264589402993911214252147Judd
JDD02685864829886133531118188Judd
JDD0269587942994713633997128Judd
JDD0273587972994713631471111Judd
JDD0274587972994713621466108Judd
JDD027558792299111101-4763118Judd
JDD027658789299101101-26150127Judd
JDD027758789299101102-11150125Judd
JDD027858793299111100-5747176Judd
JDD027958792299111100-6679137Judd
JDD028058791299101101-66120151Judd
JDD028158789299101101-48165230Judd
JDD0282589632988412962094258Judd
JDD0283589632988312973385254Judd
JDD028458790299101101-50145171Judd
JDD0285589632988412961975232Judd
JDD0286589632988412973169259Judd
JDD028859030298881296-2981174Judd
JDD0290590302988912982956304Judd
JDD029159031298881296-3456195Judd
JDD029358690298181135-2277195Judd
JDD029458690298181136-1585170Judd
KMDD0768A58938299321120-24323192Kora
KMDD076958216298391221-38315167kora
KMDD077058215298391221-49314226Kora
KMDD077158429298261217-2298573Kora
KMDD07765874130024902-31281403Kora
KMDD07775874130025902-47282499Kora
KMDD078058621298181214-1299884Kora
KMDD07835862329964905-39265302Kora
KMDD078458937299321121-38265221Kora
KMDD0800591312997689329265231Kora
KMDD0801591312997689329265173Kora
KMDD0802591322997689337279141Kora
KMDD0805587962994013628242176Kora
KMDD08065879629940136321242180Kora
KMDD080758621298191214-2309905Kora
KMDD08085879958741902-53281378Kora
KMDD08095874030026902-59281709Kora
KMDD0810587942991094322235226Kora
KMDD08115879729940136322254170Kora
KMDD0812587962994013637269166Kora
KMDD0814299765913289227289228Kora
KMDD0815587922991094314245184Kora
KMDD0816587932991194322258168Kora
KMDD08215879829940136323294168Kora
KMDD08225879929940136320313209Kora
KMDD0823596352997712419321195Kora
KMDD082459635299771241-30224231Kora
KMDD082558215298391222-56314281Kora
KMDD082658215298391220-60315380Kora
KMDD0827587992994013629321195Kora
KMDD08285879829941136215320207Kora
KMDD082958215298391221-66315387Kora
KMDD0830588002994013625326206Kora
KMDD08315879929940136214326230Kora
KMDD08325821329838122429260126Kora
KMDD083359636299771241-26245186Kora
KMDD083459636299771241-39250177Kora
KMDD083558214298381222-13261155Kora
KMDD083658214298381221-40260180Kora
KMDD083759637299781242-41263171Kora
KMDD083859637299791242-18237292Kora
KMDD08395940529959121028318171Kora
KMDD084059405299591206-8324170Kora
KMDD084158793299051100-21280156Kora
KMDD084258792299041102-19251146Kora
KMDD084358792299041101-21241192Kora
KMDD084458791299041101-17229209Kora
KMDD0845587992994013629329211Kora
KMDD0846588002994013625334261Kora
KMDD08475880029940136212333267Kora
KMDD08485963729977124145218308Kora
KMDD084958214298381221-57261232Kora
KMDD085058214298391221-65258265Kora
KMDD085158215298341221-67260350Kora
KMDD085258214298391219-74258434Kora
KMDD08535940529959120830312191Kora
KMDD085559406299581206-10309191Kora
KMDD085958213298381221-46237201Kora
KMDD08605940529956120834301125Kora
KMDD086159406299561206-13301119Kora
KMDD086258794299041101-27283183Kora
KMDD086358793299041101-26260232Kora
KMDD0865581952980012232329127Kora
KMDD08665852058196122420330191Kora
KUDD007157955295571865-601451553Kora South


Table 5
Kora and Judd Mineral Resource Estimate (Effective Date September 12, 2023, 3 g/t gold equivalent cut-off)

TonnesGoldSilverCopperAuEq
Mtg/tmozg/tmoz%ktg/tmoz
Kora
Measured3.78.741.020.52.51.2145.010.961.3
Indicated3.16.990.721.92.21.3141.39.401.0
Total M&I 6.9 7.94 1.8 21.1 4.7 1.25 86.2 10.24 2.3
Inferred14.35.602.628.713.21.62231.28.603.9
Judd
Measured0.49.050.1219.00.250.803.210.580.14
Indicated0.86.370.1715.60.420.736.27.760.21
Total M&I 1.2 7.24 0.29 16.7 0.67 0.75 9.4 8.68 0.35
Inferred2.36.270.4515.81.150.7617.27.720.56
Kora and Judd
Measured4.18.771.220.42.71.1748.210.921.5
Indicated4.06.860.920.62.61.1947.49.051.2
Total M&I 8.1 7.83 2.0 20.5 5.3 1.18 95.6 10.00 2.6
Inferred16.55.693.027.014.31.50248.38.484.5


  • The Independent Qualified Person responsible for the Mineral Resource estimate is Simon Tear, P.Geo. of H & S Consultants Pty. Ltd., Sydney, Australia, and the effective date of the estimate is September 12, 2023. (Refer to technical report, titled, “Independent Technical Report, Kainantu Gold Mine, Updated Definitive Feasibility Study, Kainantu Project, Papua New Guinea” dated March 21, 2025, with an effective date of January 1, 2024.)
  • Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
  • Geological interpretation has generated a series of narrow, sub-vertical vein structures based on delineated wireframes on 10m, 20m and 25m spaced cross sections. The design of the lode wireframes is based on a combination of logged geology, Au, Cu & Ag assay grades and locally on a nominal minimum mining width of 5.2m, all coupled with geological sense.
  • Resources were compiled at 3 g/t gold equivalent cut-off grades for Kora and Judd.
  • Density (t/m 3 ) was modelled using Ordinary Kriging on 2,778 sample measurements. Areas within the mineral wireframes where no density grades were interpolated had average default values inserted at appropriate levels.
  • Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate.
  • Minor variations may occur during the addition of rounded numbers.
  • Estimations used metric units (metres, tonnes and g/t).
  • Gold equivalents are calculated as AuEq = Au g/t + Cu%*1.6481+ Ag g/t*0.0114. Gold price US$1,700/oz; Silver US$22.5/oz; Copper US$4.00/lb. Metal payabilities and recoveries are incorporated into the AuEq formula. Recoveries of 93% for copper and 80% for silver were used.

Drill Hole Sampling Methodology, QA/QC and Qualified Person

The diamond drill hole is first logged to determine the sampling intervals, which range from a minimum of 0.1 metres to generally 1 metre. The drill core is sawn half core cut along a reference line, with the remainder of the core returned to the core tray. Core samples are then placed in numbered calico and plastic bags, with a numbered sample ticket for dispatch to the assay laboratory. Samples are separately assayed for gold, copper and silver. K92’s procedure includes the insertion standards, blanks and duplicates. Gold assays are by the fire assay method. Copper and silver assays are by three-acid-digestion method (nitric, perchloric and hydrochloric mix).

K92 maintains an industry-standard analytical quality assurance and quality control (QA/QC) and data verification program to monitor laboratory performance and ensure high quality assays. Results from this program confirm reliability of the assay results. All sampling and analytical work for the mine exploration program is performed by Intertek Testing Services (PNG) Ltd, an independent accredited laboratory that is located on site. External check assays for QA/QC purposes are performed at SGS Australia Pty Ltd in Townsville, Queensland, Australia.

K92 Mining Chief Geologist, Andrew Kohler, PGeo, MAIG, Qualified Person under the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects , has reviewed and is responsible for the technical content of this news release. In addition to the analytical QA/QC program outlined above, data verification also includes significant time onsite reviewing drill core, soil and outcrop sampling, artisanal workings, as well as discussing work programs and results with geology personnel and external consultants.

About K92

K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing plant expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.

All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.

Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Figure 1 – K1 Vein Long Section

Figure 1 – K1 Vein Long Section

Figure 2 – K2 Vein Long Section

Figure 2 - K2 Vein Long Section

Figure 3 – J1 Vein Long Section

Figure 3 - J1 Vein Long Section

Figure 4 – Kora-Irumafimpa Long Section

Figure 4 - Kora-Irumafimpa Long Section

Figure 5 – Judd Long Section

Figure 5 - Judd Long Section

Figure 6 – KMDD0830 Core Photograph, 161.48 – 169.25 m; within intersection of 7.17 m at 39.50 g/t AuEq or 37.93 g/t Au, 69 g/t Ag and 0.50% Cu from the K2 Vein.

Figure 6 - KMDD0830 Core Photograph

Figure 7 – KMDD0777 Core Photograph, 413.40 – 418.65 m; within intersection of 1.35 m at 23.97 g/t AuEq or 14.38 g/t Au, 147 g/t Ag and 5.04% Cu from the K2 Vein.

Figure 7 - KMDD0777 Core Photograph

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/8c6a4f52-71ed-4501-9ca9-7e919dd741c6

https://www.globenewswire.com/NewsRoom/AttachmentNg/217bff7b-f19b-433e-af34-5e06876d4165

https://www.globenewswire.com/NewsRoom/AttachmentNg/504f5366-83c8-40fa-8d48-c4985e3811ca

https://www.globenewswire.com/NewsRoom/AttachmentNg/42baa05d-7481-471c-a723-3423d8da784e

https://www.globenewswire.com/NewsRoom/AttachmentNg/49ff66d3-9ed0-43a1-8fdd-e5cce7eb6dbe

https://www.globenewswire.com/NewsRoom/AttachmentNg/71a43b85-e708-4715-a4c0-865a66a8c14b

https://www.globenewswire.com/NewsRoom/AttachmentNg/db37f8fd-acfc-4d82-93f3-cbbdc3c0b69a


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