INTERCEPTS INCLUDE:

• 8.18m at 33 g/t Au plus 1m at 4.51 g/t Au plus 1.1m at 4.96 g/t Au in hole GCDD0020a
• 2m at 22.6 g/t Au plus 5.1m at 9.73 g/t Au plus 3.2m at 6.03 g/t Au in hole GCDD0020
• 7m at 28.75 g/t Au plus 1m at 2.49 g/t Au in hole GCDC0016
• 2m at 32.32 g/t Au in hole GCDD0019
• 5m at 73.16 g/t Au plus 0.94m at 4.74 g/t Au plus 1m at 5.44 g/t Au in hole GCDD0011
• 3m at 8.16 g/t Au in hole GCDD0018

K92 Mining Inc. (“K92”) (TSXV – KNT) is pleased to announce the latest results from the ongoing grade control drilling program at its high grade Kainantu Gold Mine. K92 is currently ramping up the Kainantu Gold Mine towards commercial production, with its longest continuous production run to date now commenced.

In September of 2016, K92 began a campaign of close spaced underground diamond drilling as part of a comprehensive grade control strategy. The current grade control drilling program is focused on the areas of Irumafimpa and is designed to bring a high degree of confidence to the production planning and scheduling. K92 plans to mine this area in the coming six months. The closed space drilling pattern of approximately 15 metres by 15 metres has significantly increased the confidence in this sparsely drilled area, with most holes recording high grade intersections. Approximately 80% of the holes completed to date have recorded multiple high grade intersections indicating the presence of multiple parallel to sub parallel high grade veins.

The results from this drilling are used to finalize the various stope and ore development designs and provide updated information on projected production from the areas in terms of tonnage, grade and contained ounces. The drilled grade control holes are situated at the lowest point in the underground which K92 plans to mine and are also at the southern edge of the known resource that was previously only drilled on a 100 metre by 100 metre pattern.

K92 Chief Executive Officer, Ian Stalker, states, “In the context of K92 moving towards achieving Commercial Production, these high grade results are extremely pleasing as they confirm the continuity of the high grade system previously reported in the first six holes. The holes were drilled from an area at the southern extremity of the resource where data is limited and significantly lower grades were expected. The results also show consistent evidence of multiple parallel high grade veins within close proximity to each other, providing the potential for several veins to be mined from the same underground access.”

Table 1 and 2 below provides a summary of the results from diamond grade control holes seven to twenty one which have been drilled into the stope areas it is planned to be mined underground. Table 1 provides a summary of the significant intercepts from the holes, while Table 2 provides details of collar location and hole orientation (drill hole GCDD0020a was drilled parallel to and within 5 metres of hole GCDD0020 as this hole did not go to full depth for technical reasons).

TABLE 1 KAINANTU GOLD MINE – SIGNIFICANT INTERCEPTS FROM IRUMAFIMPA GRADE CONTROL

Hole_id	From (m)	To (m)	Interval (m)	True width (m)	Gold g/t	Copper %	Silver g/t	Gold equivalent
GCDD0007	29	31	2	1.92	5.64	0.11	3.45	5.85
GCDD0007	38	39	1	0.98	2.81	0.12	0.9	3
GCDD0007	72	74	2	1.92	3.02	0.46	3.9	3.73
GCDD0008	22	22.9	0.9	0.68	4.38	0.13	4.6	4.62
GCDD0008	23.5	24.5	1	0.78	5.98	0.01	2.5	6.02
GCDD0008	45.1	46	0.9	0.63	13.2	0.02	1.3	13.24
GCDD0008	46	47	1	0.77	63.6	0.02	2.1	63.66
GCDD0009	24.7	25.5	0.8	0.78	7.99	0.29	2	8.43
GCDD0009	38.5	39.2	0.7	0.67	4.2	0.07	5.4	4.37
GCDD0009	40.35	40.6	0.25	0.19	7.76	0.06	7.9	7.95
GCDD0011	44	45.5	1.5	1.11	73.16	0.23	1.7	73.51
including	44	45.2	1.2	0.9	87.6	0.06	1.7	87.71
including	45.2	45.5	0.3	0.21	15.4	0.9	1.7	16.71
GCDD0011	49.36	50.3	0.94	0.67	4.74	0.01	1	4.77
GCDD0011	53	54	1	0.78	5.44	0.06	1.1	5.54
GCDD0012	25.5	27.3	1.8	1.71	1.21	0.02	4.6	1.3
GCDD0012	30.3	31.3	1	0.93	1.55	0.04	0.8	1.62
GCDD0012	34.8	36.5	1.7	1.59	1.86	0.04	4.08	1.98
GCDD0013	18.3	19.3	1	0.87	6.41	1.52	37.2	9.08
GCDD0013	34	35	1	0.91	11.4	0.05	2.3	11.5
GCDD0013	36	37	1	0.85	10.9	0.17	5	11.21
GCDD0013	45.5	45.8	0.3	0.25	6.92	0.02	1.1	6.96
GCDD0014	24	25	1	0.69	1.56	0.13	0.9	1.76
GCDD0014a	18.7	20.3	1.6	1.1	4.49	0.059	1	4.59
GCDD0014a	24.45	25	0.55	0.38	4.48	1	9.8	6.04
GCDD0014a	50.6	51.9	1.3	0.9	2.36	0.0283	8.6	2.52
GCDD0014a	54.7	55.4	0.7	0.48	3.78	0.0155	0.6	3.81
GCDD0015	21.9	23	1.1	0.89	19.7	0.023	1.8	19.76
GCDD0015	39	40.8	1.8	1.45	4.16	0.03	1.19	4.21
including	39	39.7	0.7	0.56	5.36	0.029	0.4	5.41
Including	39.7	40.8	1.1	0.89	3.39	0.031	1.7	3.46
GCDD0016	50.5	53.2	2.7	1.77	28.75	0.038	5.64	28.89
including	50.5	51.5	1	0.66	26.2	0.04	8.9	26.38
including	51.5	52.5	1	0.65	46.4	0.05	4.6	46.53
including	52.5	53.2	0.7	0.46	7.2	0.019	2.5	7.26
GCDD0016	60.3	61.3	1	0.66	2.49	0.434	24.9	3.44
GCDD0017	18	19	1	0.87	2.02	0.171	2.1	2.29
GCDD0017	35	36	1	0.88	6.6	0.03	144.1	8.56
GCDD0017	40	41	1	0.88	43.94	0.042	3.5	44.05
GCDD0018	75.1	79.6	4.3	2.12	8.16	0.103	15.87	8.52
including	75.1	77	1.9	0.93	10.9	0.069	14.5	11.19
including	77	78.2	1.2	0.58	9.95	0.081	27.4	10.43
including	78.2	79.6	1.2	0.61	2.03	0.181	6.5	2.38
GCDD0019	70	72	2	1.76	32.32	0.001	5.45	32.4
including	70	71	1	0.83	3.35	0.001	3.1	3.39
including	71	72	1	0.83	61.3	0.002	7.8	61.41
GCDD0020	19.6	21	1.4	1.18	2.12	0.077	1.54	2.25
including	19.6	20	0.4	0.34	2	0.052	0.4	2.08
including	20	21	1	0.84	2.18	0.087	2	2.33
GCDD0020	27	29	2	1.64	22.6	0.063	1.2	22.27
including	27	28	1	0.82	38.2	0.108	1.8	38.38
including	28	29	1	0.82	6.12	0.018	0.6	6.15
GCDD0020	29.6	34.7	5.1	4.23	9.73	0.022	2.21	9.89
including	29.6	31.6	2	1.65	11.2	0.046	3.3	11.31
including	31.6	32.7	1.1	0.92	5.59	0.042	0.5	5.66
including	32.7	33.7	1	0.83	18.9	0.258	2.8	19.31
including	33.7	34.7	1	0.83	2.22	0.024	1.3	2.27
GCDD0020	40	44.2	3.2	2.66	6.03	0.108	2.78	6.22
including	40	41	1	0.82	9.34	0.248	4.5	9.75
including	41	42	1	0.84	5.56	0.031	1.9	5.63
GCDD0020	43	44.2	1.2	1	3.67	0.056	2.1	3.78
GCDD0020a	19.9	21	1.1	0.85	4.96	0.019	1.9	5.01
GCDD0020a	27	35.18	8.18	5.56	33	0.06	2	33.11
including	27	28.3	1.3	1.05	81.3	0.121	2.3	81.5
including	28.3	29	0.7	0.57	2.99	0.056	2.5	3.1
including	29	31.9	2.9	2.45	52.9	0.069	2.8	53.04
including	33	33.7	0.7	0.57	5.26	0.006	0.7	5.28
GCDD0020a	41	42	1	0.8	2.1	0.052	1.6	2.2
GCDD0020a	43.5	44	0.5	0.43	2.42	0.242	1	2.78
GCDD0020a	70	71	1	0.78	4.51	0.005	5.8	4.6
GCDD0021	43	44	1	0.86	4.66	0.01	1.4	4.69
GCDD0021	56.1	56.5	0.4	0.35	3.36	0.166	0.9	3.61

Notes

Gold Equivalent uses Copper price – US$2.50/lb; Silver price US$16/oz and Gold price of US$1200/oz

TABLE 2 KAINANTU GOLD MINE – COLLAR LOCATIONS FOR IRUMAFIMPA GRADE CONTROL DRILLING

Hole_id	Collar location			Collar orientation		EOH depth (m)	Lode
	Local north	Local East	RL	Dip	Local azimuth
GCDD0007	59656.5	29922.44	1248.2	-9.7	291.94	80	Irumafimpa
GCDD0008	59656.27	29923.08	1246.96	-36.8	292	80.2	Irumafimpa
GCDD0009	59656.12	29919.37	1247.77	-11	274	75.2	Irumafimpa
GCDD0010	59656.41	29922.49	1247.88	-28	274	70.3	Irumafimpa
GCDD0011	59655.68	29922.74	1247.17	-41	276	72	Irumafimpa
GCDD0012	59652.93	29916.76	1247.36	-10.28	254.18	54.6	Irumafimpa
GCDD0013	59654.12	29921.09	1247.21	-27.15	254.21	63.6	Irumafimpa
GCDD0014	59654.41	29922.1	1247.08	-39.3	254.57	37.3	Irumafimpa
GCDD0014a	59654.39	29921.98	1247.06	-39.04	254.31	74	Irumafimpa
GCDD0015	59653.01	29921.1	1247.38	-23.74	239.81	69.2	Irumafimpa
GCDD0016	59655.27	29924.96	1248.5	-36	239	72.9	Irumafimpa
GCDD0017	59653.01	29921.04	1248.38	-8.77	240.1	63.3	Irumafimpa
GCDD0018	59643.43	29950.55	1233.51	-23.1	242.55	95.7	Irumafimpa
GCDD0019	59643.32	29950.25	1233.97	-6.45	243.16	95	Irumafimpa
GCDD0020	59653.17	29920.97	1250.42	15.41	248.14	44.2	Irumafimpa
GCDD0020a	59653.17	29920.97	1250.06	16.38	242.67	72.1	Irumafimpa
GCDD0021	59656.22	29922.84	1249.59	13.67	290.42	105.2	Irumafimpa
GCDD0022	59643.47	29950.59	1233.47	-35.42	242.86	76.7	Irumafimpa
GCDD0023	59655.6	29921.25	1249.79	15.89	270.44	79.9	Irumafimpa
GCDD0024	59643.37	29950.4	1234.75	2.82	242.85	73	Irumafimpa
GCDD0025	59656.428	29923.16	1249.48	15.38	304.21	70	Irumafimpa
GCDD0026	59644.73	29946.53	1234.11	-8.87	249.76	81	Irumafimpa
GCDD0027	59644.76	29946.53	1233.84	-18.52	251.03	86.4	Irumafimpa

K92 Geologist Andrew Kohler, BSc, P. Geo, a qualified person under the meaning of Canadian National Instrument 43-101, has reviewed and is responsible for the technical content of this news release.

ON BEHALF OF THE COMPANY,

Ian Stalker
Chief Executive Officer and Director

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, production, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding potential ongoing production which may or may not occur and the generation of further production assessment work at deposits, which may or may not occur. While commercial production is targeted, there is no assurance it will be achieved. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the market price of the Company’s securities, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters. 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.