VANCOUVER, British Columbia, June 06, 2019 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce the appointment of Warren Uyen as Senior Vice President Operations and David Medilek as Vice President Business Development and Investor Relations.

Mr. Uyen is a Mining Engineer with over 30 years’ experience in the Mining Industry in Australia and Asia.  He has extensive experience in the management of both open pit and underground mines covering project development and operations. Mr. Uyen joined K92 from the Australian mining contractor, MacMahon Holdings Limited, where he was General Manager Underground Operations, responsible for local and international underground operations. Prior to this, Mr. Uyen spent almost five years as General Manager of the Eldorado Gold White Mountain Gold Mine in the People’s Republic of China. Mr. Uyen is a graduate of the Western Australia School of Mines and holds a Master of Business Administration from the University of Southern Queensland.

Mr. Medilek is a mining professional with over 12 years of mining capital markets, corporate strategy and technical experience. Mr. Medilek began his career as a mining engineer with Barrick Gold Corporation in Western Australia for over 4 years, with a focus on underground mining. After Barrick, Mr. Medilek joined Cormark Securities Inc. as a mining investment banker for over 4 years, gaining extensive capital raising and M&A experience. After Cormark, and prior to joining K92, Mr. Medilek was an equity research analyst at Macquarie Group Limited, covering precious metals mining companies. Mr. Medilek holds a Bachelor of Applied Science in Mining Engineering with Distinction from the University of British Columbia, a Professional Engineer designation in the Province of British Columbia, and is a CFA® charterholder*.

John Lewins, K92 Chief Executive Officer and Director, stated, “I am extremely pleased to welcome Warren and David to the executive team at K92 Mining. They bring a wealth of experience in their respective areas and proven track records to our Company. They will both be playing key leadership roles in developing K92 into a substantial gold production company, focused on developing and expanding our Kainantu Gold Mine in Papua New Guinea and building on our operational and exploration success.”

*CFA^® and Chartered Financial Analyst^® are registered trademarks owned by CFA Institute.

Options Grant

The Company also announces that it has granted 2,175,000 stock options to directors, employees and consultants of the Company.  The options are exercisable at $1.67 per share for five years from the date of grant.

ON BEHALF OF THE COMPANY,

John Lewins, Chief Executive Officer and Director

For further information, please contact Investor Relations at +1-604-687-7130.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the realization of the preliminary economic analysis for the Project, expectations of future cash flows, the proposed plant expansion, potential expansion of resources and the generation of further drilling results which may or may not occur. 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, exchange rates, 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.

Suite 488 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7

Telephone: +1 (604) 687-7130
Facsimile: +1 (604) 608-9110