K92 Mining Announces Multiple New Near-Mine Infrastructure Dilatant Zones Identified and High-Grade Zones Extended

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 plus two zones of broadening width, identified as dilatant zones, recorded in a previously sparsely drilled area near the twin incline at Kora. The dilatant zones identified are the first to be drilled with significant drill density, demonstrating large interpreted strike lengths of approximately 60 metres in K1 and approximately 100 metres in K2, providing high potential for bulk mining (see Figure 4 for 950 Level Plan Map, and Figures 1 and 2 for K1 and K2 long sections). These dilatant zones are also located near-mine infrastructure, approximately 175 metres south from the current 950 Level access development, enabling potential near-term mining. Importantly, the dilatant zones are in an area previously interpreted to be narrow vein in the mineral resource estimate (September 12, 2023 effective date, “2023 MRE”) and the Updated Integrated Development Plan PEA Case (January 1, 2024 Effective Date, “Updated IDP”), while also recording multiple high-grade intersections.
  • K2 dilatant zone intercepts:
    • KMDD0752: 13.50 m at 19.02 g/t gold equivalent (“AuEq”)(2) (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)
  • K1 dilatant zone intercepts:
    • KMDD0709: 16.10 m at 15.63 g/t AuEq (11.48 g/t Au, 40 g/t Ag, 2.28% Cu)
    • KMDD0743: 14.05 m at 5.56 g/t AuEq (3.14 g/t Au, 56 g/t Ag, 1.07% Cu)
    • KMDD0692: 8.90 m at 8.60 g/t AuEq (3.73 g/t Au, 81 g/t Ag, 2.41% Cu)
    • KMDD0712: 7.25 m at 5.58 g/t AuEq (3.05 g/t Au, 77 g/t Ag, 0.98% Cu)
  • High-grade intercepts:
    • KMDD0698A: 8.15 m at 24.49 g/t AuEq (24.00 g/t Au, 16 g/t Ag, 0.18% Cu)
    • KMDD0775: 4.00 m at 15.58 g/t AuEq (11.53 g/t Au, 44 g/t Ag, 2.19% Cu)
    • KMDD0715: 6.00 m at 9.73 g/t AuEq (4.75 g/t Au, 49 g/t Ag, 2.72% Cu)
    • KMDD0775: 4.60 m at 8.73 g/t AuEq (2.77 g/t Au, 28 g/t Ag, 3.49% Cu)

• High-grade zones within Kora's K1 and K2 Veins extended up-dip from main mine, with multiple areas exceeding resource model grades, including:
  • K1 Vein high-grade extension up-dip from main underground mining area:
    • KMDD0753: 10.60 m at 34.57 g/t AuEq (27.85 g/t Au, 37 g/t Ag, 3.91% Cu)
    • KMDD0702: 4.37 m at 33.27 g/t AuEq (32.16 g/t Au, 10 g/t Ag, 0.61% Cu)
    • KMDD0705: 5.30 m at 25.67 g/t AuEq (24.99 g/t Au, 3 g/t Ag, 0.40% Cu)
    • KMDD0726: 7.16 m at 9.79 g/t AuEq (7.07 g/t Au, 8 g/t Ag, 1.64% Cu)
  • K2 Vein high-grade extension up-dip from main underground mining area:
    • KMDD0754: 9.35 m at 13.70 g/t AuEq (11.51 g/t Au, 12 g/t Ag, 1.27% Cu)
    • KMDD0705: 6.60 m at 10.76 g/t AuEq (7.27 g/t Au, 12 g/t Ag, 2.08% Cu)
    • KMDD0714: 9.50 m at 9.53 g/t AuEq (8.05 g/t Au, 5 g/t Ag, 0.89% Cu)
    • KMDD0720: 6.66 m at 8.41 g/t AuEq (6.32 g/t Au, 21 g/t Ag, 1.14% Cu)

• Judd’s J1 Vein recorded an extension of the high-grade zone up-dip from main mine, with several areas reporting significantly higher grades than the 2023 MRE that was based on, at that time, sparse drilling. Additionally, multiple high-grade intercepts were identified beyond the current resource at Judd Deeps and along strike in both directions:
  • J1 Vein high-grade extension up-dip from main underground mining area:
    • JDD0251: 5.00 m at 178.59 g/t AuEq (177.69 g/t Au, 2 g/t Ag, 0.54% Cu)
    • JDD0258: 3.95 m at 51.67 g/t AuEq (50.06 g/t Au, 24 g/t Ag, 0.81% Cu)
    • JDD0263: 7.38 m at 7.66 g/t AuEq (6.87 g/t Au, 14 g/t Ag, 0.38% Cu)
  • J1 Vein high-grade intercepts at Judd Deeps and north of resource:
    • KMDD0729: 1.30 m at 23.33 g/t AuEq (16.77 g/t Au, 52 g/t Ag, 3.69% Cu)
    • JDD0261: 1.70 m at 23.20 g/t AuEq (21.63 g/t Au, 42 g/t Ag, 0.65% Cu)
    • JDD0265: 2.20 m at 15.24 g/t AuEq (6.39 g/t Au, 78 g/t Ag, 4.91% Cu)
    • JDD0266: 3.47 m at 11.88 g/t AuEq (11.41 g/t Au, 9 g/t Ag, 0.22% Cu)

Notes: (1) Drill highlights presented above are core lengths (not true widths). Refer to Table 1 to 3.(2) Gold equivalent (AuEq) exploration results are calculated using longer-term commodity prices with a copper price of US$4.00/lb, a silver price of US$22.5/oz and a gold price of US$1,750/oz.

John Lewins, K92 Chief Executive Officer and Director, stated, “The latest drilling results at Kora and Judd, once again confirm that the resource expansion potential is very significant, and that there are significant opportunities to upgrade multiple areas in terms of both thickness and grade, with increased drill density. The high-grade zones extended up-dip at Kora and Judd in the main mine area, plus the identification of the two new dilatant zones in the twin incline area is especially significant as they are near existing mine infrastructure, providing a near and medium-term benefit to the Stage 3 Expansion ramp-up. This is also the first time dilatant zones have been drilled with significant drill density, demonstrating substantial strike lengths for bulk mining – these zones have already been integrated into our mine plans.

We believe that we control a large gold-copper district of which we are only starting to scratch the surface. In addition to exploration at Kora-Kora South and Judd-Judd South, exploration at Arakompa has considerably expanded over the course of the year, with four drill rigs now operating. We look forward to providing an update in due course.”

The results for the latest 95 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 21 intersections exceeding 10 g/t AuEq and 67 intersections exceeding 5 g/t AuEq. At Judd-Judd South (including Judd Deeps), all drill holes intersected mineralization, with 11 intersections exceeding 10 g/t AuEq and 24 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 plan map showing K1 and K2 at the 950 level is provided in Figure 4.

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

A long section showing Judd drilling to date is provided in Figure 6.

Core photographs are provided, of drill hole JDD0251 in Figure 7, KMDD0753 in Figure 8 and KMDD0702 in Figure 9.

Table 1Kainantu 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
KMDD0692	113.00	121.90	8.90	8.13	3.73	81	2.41	8.60	K1
KMDD0692	146.30	154.00	7.70	7.07	2.01	13	0.21	2.51	K2
KMDD0653A	150.00	152.72	2.72	0.84	0.46	33	0.05	0.96	K2
KMDD0653A	194.00	195.82	1.82	0.56	1.87	44	0.05	2.50	K3
KMDD0687A	180.87	181.30	0.43	0.39	1.59	6	0.87	3.06
KMDD0687A	171.45	174.62	3.17	2.88	0.38	11	0.47	1.27	K2
KMDD0687A	167.65	168.05	0.40	0.36	1.40	6	0.08	1.60
KMDD0687A	163.80	164.86	1.06	0.96	0.68	3	0.88	2.13
KMDD0687A	119.80	122.05	2.25	2.04	5.92	1	0.13	6.15	KL
KMDD0687A	101.40	107.90	6.50	5.90	0.33	2	0.86	1.74	K1
KMDD0696A	117.75	119.45	1.70	1.57	3.56	1	0.11	3.74	K1
KMDD0696A	171.35	171.76	0.41	0.38	1.63	5	0.14	1.92	K2
KMDD0696A	187.36	190.27	2.91	2.71	0.08	3	1.93	3.22
KMDD0701A	100.10	105.00	4.90	4.26	2.21	5	1.34	4.43	K1
KMDD0701A	130.00	136.20	6.20	5.97	1.22	4	0.48	2.04	K2
KMDD0710	97.00	101.60	4.60	1.83	5.08	20	1.05	7.01	K1
KMDD0710	110.00	120.70	10.70	4.26	1.14	78	4.71	9.66	K2
KMDD0710	145.10	149.80	4.70	1.86	0.27	46	0.55	1.73	K3
KMDD0702	125.40	129.77	4.37	3.50	32.16	10	0.61	33.27	K1
KMDD0702	129.77	139.30	9.53	7.62	1.29	3	0.47	2.09	KL
KMDD0702	139.30	142.90	3.60	2.88	1.11	6	0.95	2.70	K2
KMDD0702	157.20	159.33	2.13	1.70	6.08	65	1.20	8.83	K3
KMDD0714	124.85	126.35	1.50	1.29	8.15	11	0.53	9.14	K1
KMDD0714	142.00	151.50	9.50	8.30	8.05	5	0.89	9.53	K2
KMDD0714	186.15	188.10	1.95	1.76	1.09	11	1.57	3.75	K3
KMDD0703	66.33	70.25	3.92	3.46	2.76	60	0.53	4.37	K2
KMDD0700	95.00	97.00	2.00	1.95	0.33	5	1.08	2.12	K1
KMDD0700	106.50	107.05	0.55	0.54	2.93	12	4.34	10.04	K1HW
KMDD0700	117.20	118.10	0.90	0.88	5.19	52	0.63	6.85
KMDD0700	131.00	138.00	7.00	6.82	0.27	5	0.49	1.12	K2
KMDD0700	142.00	147.55	5.55	5.41	0.93	10	0.81	2.36	K3
KMDD0698A	136.00	138.66	2.66	1.94	3.05	3	0.26	3.50	K1FW
KMDD0698A	142.55	150.70	8.15	5.92	24.00	16	0.18	24.49	K1
KMDD0698A	180.35	182.00	1.65	1.19	11.32	4	0.59	12.33	KL
KMDD0698A	192.55	195.45	2.90	2.08	4.98	82	1.95	9.13	K2
KMDD0698A	204.10	204.40	0.30	0.21	6.23	164	10.26	24.73	K2HW
KMDD0698A	213.00	229.25	16.25	11.56	0.78	16	0.42	1.66	K3
KMDD0716	216.12	221.00	4.88	4.79	2.50	8	0.51	3.41	K1
KMDD0716	221.00	227.50	6.50	6.38	0.81	14	1.55	3.47	K2
KMDD0715	216.00	222.00	6.00	5.91	4.75	49	2.72	9.73	K1
KMDD0715	229.50	232.40	2.90	2.86	0.48	10	1.60	3.17	K2
KMDD0711	65.15	67.80	2.65	2.52	3.35	15	0.50	4.34	J12
KMDD0711	178.83	187.00	8.17	7.53	3.03	23	0.48	4.10	K1
KMDD0711	194.30	198.35	4.05	3.73	5.07	6	0.65	6.19
KMDD0711	215.73	221.20	5.47	5.01	1.44	8	0.59	2.49	K2
KMDD0713	250.80	256.20	5.40	1.10	1.30	15	0.93	2.99	K1
KMDD0713	262.80	271.58	8.78	0.70	1.01	19	2.32	4.97	K2
KMDD0705	131.30	136.60	5.30	4.32	24.99	3	0.40	25.67	K1
KMDD0705	140.20	146.80	6.60	5.38	7.27	12	2.08	10.76	K2
KMDD0699	123.80	131.05	7.25	5.43	1.30	42	0.38	2.43	K1FW
KMDD0699	131.05	137.47	6.42	4.79	6.94	39	0.17	7.69	K1
KMDD0699	141.60	144.26	2.66	1.98	1.23	13	2.32	5.11	K1HW
KMDD0721	184.20	197.00	12.80	8.38	3.68	11	1.87	6.82	K1
KMDD0721	209.10	214.45	5.35	3.51	0.40	18	1.25	2.62	K2
KMDD0721	141.50	141.80	0.30	0.19	0.39	14	5.60	9.55
KMDD0718	38.58	38.90	0.32	0.29	3.79	10	0.40	4.56
KMDD0718	73.28	73.75	0.47	0.43	0.43	45	2.70	5.32	J1
KMDD0718	110.40	111.55	1.15	1.06	6.46	18	1.92	9.75
KMDD0718	245.30	249.60	4.30	3.98	4.50	16	1.74	7.49	K1
KMDD0718	253.80	262.60	8.80	8.16	0.84	31	2.56	5.33	K2
KMDD0720	127.39	129.15	1.76	1.41	12.54	7	0.98	14.21	K1FW
KMDD0720	143.90	145.00	1.10	0.88	0.61	3	0.20	0.96	K1
KMDD0720	152.50	159.16	6.66	5.33	6.32	21	1.14	8.41	K2
KMDD0720	162.94	164.10	1.16	0.93	0.38	11	2.18	4.02	K2HW
KMDD0709	125.50	141.60	16.10	12.26	11.48	40	2.28	15.63	K1
KMDD0709	144.66	144.80	0.14	0.11	2.32	185	0.75	5.84
KMDD0709	147.00	153.90	6.90	5.23	2.23	37	0.71	3.83	KL
KMDD0709	157.50	157.85	0.35	0.26	5.75	6	0.47	6.58
KMDD0709	159.66	171.80	12.14	9.18	4.73	7	0.72	5.97	K2
KMDD0704	79.75	80.55	0.80	0.64	0.13	52	1.46	3.12	K2
KMDD0727	72.75	76.76	4.01	3.53	1.65	24	1.02	3.59	J1
KMDD0722	86.84	88.86	2.02	0.64	2.20	101	0.69	4.57	K1
KMDD0722	156.55	158.90	2.35	0.78	4.60	16	1.64	7.43	K2
KMDD0717	57.15	57.74	0.59	0.56	0.58	13	0.42	1.41
KMDD0717	77.70	79.70	2.00	1.92	2.63	7	0.49	3.51	J1
KMDD0717	222.40	228.90	6.50	6.38	3.29	22	1.23	5.55	K2
KMDD0731	145.50	146.65	1.15	0.65	1.08	19	2.72	5.68	K1FW
KMDD0731	205.30	213.50	8.20	4.86	5.01	7	1.19	7.01	K1
KMDD0731	220.00	221.00	1.00	0.60	0.39	6	1.76	3.28	KL
KMDD0731	227.50	233.60	6.10	3.65	0.82	21	1.53	3.54	K2
KMDD0731	257.20	260.80	3.60	2.18	0.31	13	0.73	1.64	K2HW
KMDD0724	6.53	8.60	2.07	2.04	0.38	16	0.68	1.68
KMDD0724	56.64	63.50	6.86	5.33	0.11	8	0.96	1.75	K1FW
KMDD0724	71.96	73.66	1.70	1.31	1.67	49	5.00	10.29	K1
KMDD0724	96.24	104.00	7.76	5.97	0.25	10	0.42	1.05	K2
KMDD0726	3.40	5.45	2.05	1.02	0.47	13	0.38	1.25
KMDD0726	17.40	17.70	0.30	0.15	1.29	20	0.35	2.10
KMDD0726	196.60	196.73	0.13	0.08	3.25	42	3.31	9.08
KMDD0726	208.00	209.45	1.45	0.86	5.20	4	0.98	6.82
KMDD0726	213.87	221.03	7.16	4.24	7.07	8	1.64	9.79	K1
KMDD0726	223.40	239.60	16.20	9.69	1.08	27	1.56	3.91	K2
KMDD0726	256.33	257.05	0.72	0.43	0.93	56	6.11	11.43
KMDD0723	221.55	234.30	12.75	1.21	4.21	20	0.18	4.77	K1
KMDD0723	238.60	239.00	0.40	0.04	2.47	420	0.14	7.94	KL
KMDD0723	309.20	325.82	16.62	1.90	0.67	1	0.04	0.74	K2
KMDD0725	8.30	10.55	2.25	2.06	0.18	13	0.41	0.98
KMDD0725	81.00	91.25	10.25	9.31	0.68	38	3.15	6.20	K2
KMDD0725	134.10	134.47	0.37	0.34	18.72	1310	0.06	35.19
KMDD0749	73.15	77.55	4.40	2.98	0.15	3	0.09	0.35
KMDD0749	92.60	97.90	5.30	3.60	1.04	17	4.03	7.70	K1
KMDD0751	197.20	202.10	4.90	4.88	2.07	39	1.56	5.05	K1
KMDD0751	205.60	215.10	9.50	9.47	2.26	42	2.63	7.00	K2
KMDD0750	115.90	127.14	11.24	5.18	0.18	29	3.75	6.56	K1
KMDD0750	130.00	135.00	5.00	2.31	0.07	40	3.95	6.91	K2
KMDD0744	133.18	136.12	2.94	2.31	3.47	2	0.13	3.71	K1
KMDD0744	148.70	152.85	4.15	3.26	1.44	4	0.04	1.55	KL
KMDD0744	159.50	162.40	2.90	2.27	15.96	68	0.15	17.05	K2
KMDD0744	165.80	167.80	2.00	1.57	2.65	33	0.64	4.07	K3
KMDD0729	117.00	118.30	1.30	1.12	16.77	52	3.69	23.33	J1
KMDD0729	255.35	258.00	2.65	2.36	0.98	46	3.56	7.28	K1
KMDD0746	28.95	29.50	0.55	0.50	1.23	1	0.01	1.26
KMDD0746	61.25	63.94	2.69	2.44	5.67	1	0.03	5.74
KMDD0746	70.40	76.13	5.73	5.19	1.41	26	0.61	2.72	J1
KMDD0746	202.10	205.30	3.20	3.00	1.59	1	0.01	1.62	K1
KMDD0746	211.90	216.65	4.75	4.45	2.15	18	0.51	3.20	KL
KMDD0746	217.90	232.30	14.40	13.50	9.58	54	1.15	12.09	K2
KMDD0730	184.90	195.25	10.35	6.81	3.19	7	0.93	4.77	K1
KMDD0730	207.00	209.00	2.00	0.99	1.16	21	0.69	2.53	K2
KMDD0742	80.83	81.73	0.90	0.87	1.99	2	0.30	2.50	J1
KMDD0742	143.24	143.50	0.26	0.25	1.58	26	0.91	3.36
KMDD0742	227.00	230.88	3.88	3.77	5.62	34	0.96	7.59	K2
KMDD0719	74.30	75.00	0.70	0.64	2.05	33	1.57	4.98
KMDD0719	109.15	110.40	1.25	1.14	1.42	43	0.93	3.45	J1
KMDD0719	248.00	253.76	5.76	5.30	6.07	25	1.30	8.46	K1
KMDD0719	254.70	258.30	3.60	3.31	2.10	25	0.90	3.86	K2
KMDD0719	260.70	260.94	0.24	0.22	1.59	2	0.07	1.73
KMDD0741	53.75	54.55	0.80	0.75	1.59	11	0.60	2.69
KMDD0741	85.75	88.70	2.95	2.76	1.75	3	0.39	2.41	J1
KMDD0741	138.40	139.85	1.45	1.36	1.48	28	3.98	8.21
KMDD0741	219.30	225.45	6.15	5.84	3.25	23	1.77	6.38	K2
KMDD0743	68.70	73.80	5.10	4.70	1.37	10	0.33	2.03	J1
KMDD0743	193.80	207.85	14.05	13.10	3.14	56	1.07	5.56	K1
KMDD0743	210.00	216.13	6.13	5.71	2.58	87	1.26	5.69	KL
KMDD0743	217.40	227.40	10.00	9.32	0.70	7	0.59	1.73	K2
KMDD0747	113.86	114.70	0.84	0.74	1.53	7	0.21	1.96	J1
KMDD0747	251.10	255.80	4.70	4.23	4.59	26	1.94	8.03	K2
KMDD0745	107.10	118.45	11.35	10.10	3.80	3	0.41	4.50	K1
KMDD0745	144.10	151.00	6.90	6.11	0.72	8	0.53	1.68	K2
KMDD0748	74.95	75.55	0.60	0.51	0.83	21	2.32	4.81
KMDD0748	112.75	118.00	5.25	4.44	0.85	4	0.68	1.98	J1
KMDD0748	263.50	268.15	4.65	3.90	5.64	12	1.37	7.98	K2
KMDD0748	271.15	275.25	4.10	3.44	0.79	22	1.22	3.02
KMDD0752	77.68	79.30	1.62	1.62	3.50	12	1.77	6.48	J1
KMDD0752	200.00	202.65	2.65	2.63	1.32	3	0.01	1.37	K1
KMDD0752	211.80	225.30	13.50	13.42	14.93	199	1.00	19.02	K2
KMDD0752	230.25	231.20	0.95	0.94	1.32	3	0.00	1.36
KMDD0753	167.70	168.00	0.30	0.16	0.48	21	2.77	5.18
KMDD0753	231.56	231.85	0.29	0.15	0.27	7	2.00	3.56
KMDD0753	237.80	248.40	10.60	5.63	27.85	37	3.91	34.57	K1
KMDD0753	250.00	255.20	5.20	2.76	0.24	13	0.79	1.66	KL
KMDD0753	257.40	263.40	6.00	3.19	2.49	19	1.05	4.42	K2
KMDD0753	270.00	273.00	3.00	1.59	0.36	11	1.35	2.67	K2HW
KMDD0753	291.00	294.30	3.30	1.75	0.31	14	0.30	0.97	K3
KMDD0754	169.70	169.97	0.27	0.15	0.83	31	6.14	11.06	K1FW
KMDD0754	243.10	252.45	9.35	5.35	11.51	12	1.27	13.70	K2
KMDD0754	256.66	270.80	14.14	8.14	0.51	23	1.25	2.80	K2HW
KMDD0754	270.80	288.18	17.38	10.05	0.43	17	0.99	2.23	K3
KMDD0756	43.00	52.40	9.40	8.58	5.33	47	1.88	8.92	K2
KMDD0757	23.70	25.70	2.00	1.82	0.71	2	0.16	1.00	K1
KMDD0757	43.40	49.65	6.25	5.69	3.14	16	0.79	4.60	K2
KMDD0755	26.00	28.95	2.95	2.67	7.76	3	0.58	8.74	K1
KMDD0755	32.77	36.80	4.03	3.65	0.78	2	0.50	1.60	KL
KMDD0755	44.94	52.30	7.36	6.68	1.77	11	0.43	2.61	K2
KMDD0766	54.43	56.00	1.57	1.50	1.04	9	0.07	1.26
KMDD0766	82.08	84.75	2.67	2.56	0.36	1	0.32	0.89	J1
KMDD0766	224.30	227.50	3.20	3.08	2.99	16	1.08	4.93	K2
KMDD0761	76.27	76.80	0.53	0.44	1.15	16	2.04	4.62
KMDD0761	123.30	126.40	3.10	2.57	5.67	8	0.16	6.03	J1
KMDD0761	268.00	272.00	4.00	3.38	2.63	17	1.71	5.59	K2
KMDD0761	274.23	277.00	2.77	2.34	0.39	4	1.02	2.08	K2HW
KMDD0761	278.90	283.60	4.70	3.96	0.31	11	0.70	1.57	K3
KMDD0758	18.20	19.00	0.80	0.23	1.36	10	0.29	1.95
KMDD0758	136.20	137.20	1.00	0.29	0.13	24	2.43	4.33
KMDD0758	163.70	179.70	16.00	4.73	0.26	7	0.70	1.48	K1
KMDD0758	190.10	192.00	1.90	0.57	0.12	22	1.74	3.17	KL
KMDD0758	203.00	206.80	3.80	1.14	0.14	16	1.24	2.33	K2
KMDD0760	124.60	128.40	3.80	2.96	0.25	8	0.32	0.86	J1
KMDD0760	268.00	271.65	3.65	2.95	0.26	15	1.05	2.15	K1
KMDD0760	279.75	283.30	3.55	2.55	0.71	32	3.04	5.99	K2
KMDD0760	288.00	288.50	0.50	0.40	6.18	48	1.82	9.69	K3
KMDD0712	66.60	68.75	2.15	2.07	2.34	23	0.76	3.85
KMDD0712	174.45	174.95	0.50	0.48	2.35	7	1.25	4.44
KMDD0712	180.10	180.50	0.40	0.39	4.16	3	0.46	4.94
KMDD0712	184.50	191.75	7.25	6.98	3.05	77	0.98	5.58	K1
KMDD0712	194.30	198.20	3.90	3.76	1.69	4	0.87	3.13	KL
KMDD0712	203.25	204.27	1.02	0.98	0.52	23	6.56	11.33
KMDD0712	206.65	207.50	0.85	0.82	7.05	22	2.63	11.54
KMDD0712	211.65	219.40	7.75	7.47	0.83	23	0.25	1.51	K2
KMDD0773	99.80	107.36	7.56	6.82	3.15	5	0.39	3.85	K1
KMDD0773	108.10	113.35	5.25	4.74	1.42	5	0.32	1.99	KL
KMDD0773	145.40	153.25	7.85	7.08	0.21	4	0.20	0.57	K2
KMDD0772	119.50	123.53	4.03	3.01	2.89	3	0.14	3.14	K1
KMDD0772	156.58	159.00	2.42	1.79	3.35	6	0.47	4.18	K2
KMDD0774	118.80	124.30	5.50	3.93	5.41	1	0.13	5.64	K1
KMDD0775	18.45	21.00	2.55	2.17	9.65	79	0.45	11.36
KMDD0775	66.00	68.80	2.80	2.41	0.40	15	0.54	1.46	J12
KMDD0775	106.25	106.75	0.50	0.43	2.59	4	0.16	2.89	J1
KMDD0775	195.30	199.30	4.00	3.59	11.53	44	2.19	15.58	K1
KMDD0775	209.60	218.60	9.00	8.06	0.71	21	1.47	3.34	KL
KMDD0775	221.80	226.40	4.60	4.10	2.77	28	3.49	8.73	K2

Table 2Kainantu 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
JDD0240	111.80	114.60	2.80	1.75	6.00	34	2.08	9.75	J1N
JDD0240	105.75	106.90	1.15	0.72	2.68	5	0.02	2.77	J1L
JDD0240	91.00	93.05	2.05	1.28	3.69	4	0.20	4.06	J1
JDD0240	76.83	77.52	0.69	0.43	0.86	6	0.16	1.19
JDD0240	43.00	45.00	2.00	1.26	4.86	3	0.11	5.07
JDD0229	85.30	86.66	1.36	0.52	5.08	81	1.27	8.13
JDD0229	133.75	134.50	0.75	0.29	6.33	162	0.14	8.59
JDD0229	154.30	155.10	0.80	0.31	0.63	78	2.79	6.09
JDD0229	168.86	169.37	0.51	0.19	0.41	21	2.53	4.72
JDD0229	172.10	179.20	7.10	2.71	1.43	80	2.80	6.93	J1
JDD0229	316.60	317.70	1.10	0.42	1.68	8	1.07	3.50	J1L
JDD0241	40.90	41.30	0.40	0.27	1.63	1	0.03	1.69
JDD0241	42.80	43.37	0.57	0.39	2.32	1	0.04	2.40
JDD0241	61.55	62.30	0.75	0.51	8.92	1	0.13	9.14	J1
JDD0241	92.00	93.55	1.55	1.05	2.49	56	0.10	3.35
JDD0241	97.00	102.37	5.37	3.65	2.09	50	0.28	3.16	J1L
JDD0241	109.00	110.00	1.00	0.68	2.00	10	0.35	2.69
JDD0244	57.95	58.94	0.99	0.56	1.62	1	0.01	1.65	J1HW
JDD0244	64.30	74.80	10.50	5.98	2.86	9	0.47	3.72	J1
JDD0244	98.35	99.25	0.90	0.51	1.10	9	0.10	1.37
JDD0228	92.18	95.57	3.39	1.90	0.99	27	0.36	1.91
JDD0228	128.34	142.25	13.91	7.79	0.80	15	0.25	1.40	J1
JDD0228	169.70	178.12	8.42	4.59	0.51	22	0.74	1.98	J1L
JDD0242	64.63	66.15	1.52	1.00	5.94	6	0.11	6.20	J1
JDD0246	98.66	100.90	2.24	1.70	0.84	8	0.15	1.17	J1
JDD0246	117.75	119.20	1.45	1.37	0.24	3	0.05	0.35	J12
JDD0248	62.85	64.70	1.85	2.39	0.12	2	0.05	0.22	J1
JDD0248	126.90	128.32	1.42	2.47	1.65	1	0.02	1.70	J12
JDD0243	27.60	28.00	0.40	0.30	2.89	42	0.41	4.07
JDD0243	44.34	47.70	3.36	2.51	0.20	27	0.24	0.93
JDD0243	56.60	57.13	0.53	0.40	1.51	79	0.06	2.59
JDD0243	111.33	111.64	0.31	0.24	1.29	33	0.79	2.97
JDD0243	145.68	150.00	4.32	3.32	0.75	19	1.05	2.67	J1
JDD0243	156.00	157.47	1.47	1.13	0.69	41	1.42	3.49	J1FW
JDD0243	189.78	190.00	0.22	0.17	0.78	37	6.26	11.28	J1L
JDD0243	203.00	203.70	0.70	0.55	94.52	159	2.10	99.89
JDD0250	29.28	31.35	2.07	2.01	0.35	4	0.08	0.53	J12
JDD0250	44.08	47.10	3.02	2.93	0.16	3	0.11	0.37	J1
JDD0249	35.60	37.16	1.56	1.48	0.33	3	0.07	0.48	J12
JDD0249	47.00	49.07	2.07	1.96	1.94	6	0.13	2.23	J1
JDD0253	39.22	46.50	7.28	5.93	0.58	3	0.29	1.07	J12
JDD0253	56.62	59.60	2.98	2.43	0.96	4	0.05	1.10	J1
JDD0253	71.20	71.50	0.30	0.25	0.36	30	3.55	6.43
JDD0247	104.78	108.90	4.12	3.28	1.42	12	0.34	2.12	J1
JDD0253A	121.00	122.14	1.14	0.66	0.06	1	0.01	0.08	J12
JDD0253A	141.45	143.30	1.85	1.61	1.51	20	1.03	3.42	J1
JDD0251	56.00	57.00	1.00	0.62	1.43	19	0.05	1.75
JDD0251	105.00	106.00	1.00	0.62	1.83	14	0.06	2.10
JDD0251	123.30	123.90	0.60	0.37	2.63	15	0.19	3.12
JDD0251	152.00	157.00	5.00	3.08	177.69	2	0.54	178.59	J1
JDD0251	163.00	165.00	2.00	1.22	53.21	138	2.44	58.83	J1L
JDD0251	175.30	176.20	0.90	0.55	2.21	1	0.28	2.67	J1N
JDD0255	117.18	119.92	2.74	2.48	2.34	6	0.44	3.12	J12
JDD0255	139.25	140.89	1.64	1.48	3.71	33	0.11	4.31	J1
JDD0252	122.00	123.50	1.50	0.93	48.60	1	0.06	48.71
JDD0252	136.40	138.45	2.05	1.26	2.32	7	0.33	2.95
JDD0252	165.65	172.33	6.68	4.05	0.46	2	0.30	0.96	J1
JDD0252	185.60	188.07	2.47	1.47	1.88	7	0.63	2.98	J1L
JDD0252	198.10	199.70	1.60	0.94	0.68	25	2.24	4.59
JDD0257	139.85	141.40	1.55	1.05	9.43	1	0.13	9.65	J1
JDD0257	157.23	162.60	5.37	3.65	0.77	9	0.78	2.13	J1L
JDD0257	187.34	192.20	4.86	3.34	1.09	41	0.05	1.68	J1FW
JDD0254	123.45	127.60	4.15	4.09	5.71	30	0.91	7.55	J1
JDD0258	133.08	137.03	3.95	2.45	50.06	24	0.81	51.67	J1
JDD0258	156.75	161.60	4.85	3.01	24.37	96	2.26	29.19	J1L
JDD0258	170.10	173.50	3.40	2.11	2.88	12	0.55	3.90
JDD0260	20.60	22.75	2.15	2.00	2.08	9	0.49	2.97	J12
JDD0260	37.00	39.20	2.20	2.05	1.21	14	3.22	6.55	J1
JDD0259	51.60	52.55	0.95	0.63	2.64	10	0.12	2.96
JDD0259	76.05	76.50	0.45	0.30	2.47	117	3.99	10.33
JDD0259	100.12	101.37	1.25	0.83	2.81	9	0.02	2.95
JDD0259	111.60	112.65	1.05	0.70	4.14	2	0.21	4.50
JDD0259	133.80	134.60	0.80	0.53	4.34	18	0.07	4.68
JDD0259	155.60	156.26	0.66	0.44	1.63	46	0.95	3.73	J1
JDD0259	184.80	189.85	5.05	3.38	2.06	21	0.55	3.21	J1L
JDD0259	196.73	198.00	1.27	0.85	1.75	23	0.24	2.41
JDD0259	206.60	207.60	1.00	0.67	1.46	15	1.12	3.44
JDD0261	67.30	69.00	1.70	1.17	21.63	42	0.65	23.20	J1
JDD0262	92.00	93.40	1.40	1.09	24.90	48	0.66	26.54
JDD0262	130.80	135.90	5.10	4.12	2.29	16	0.94	4.01	J1
JDD0262	136.56	139.87	3.31	2.68	0.69	11	0.76	2.04	J1L
JDD0266	29.00	30.50	1.50	0.91	7.75	13	2.59	12.05	J12
JDD0266	77.14	80.61	3.47	2.09	11.41	9	0.22	11.88	J1
JDD0267	46.67	47.50	0.83	0.61	1.20	17	0.12	1.61
JDD0267	96.85	98.10	1.25	0.92	3.74	38	0.58	5.15
JDD0267	118.00	119.30	1.30	0.96	1.26	2	0.03	1.33
JDD0267	126.60	129.78	3.18	2.34	3.24	9	0.13	3.56	J1
JDD0267	142.00	142.79	0.79	0.58	1.70	10	0.00	1.83
JDD0267	148.00	149.76	1.76	1.30	1.18	27	0.20	1.84	J1L
JDD0267	172.60	174.00	1.40	1.03	0.81	42	1.45	3.67	J1FW
JDD0267	181.50	182.10	0.60	0.44	2.44	14	1.86	5.60
JDD0256	131.75	132.70	0.95	0.49	1.72	8	0.69	2.92
JDD0256	141.10	143.10	2.00	1.03	5.02	5	0.08	5.20
JDD0256	152.15	152.60	0.45	0.23	25.60	40	6.64	36.75
JDD0256	169.45	169.80	0.35	0.18	1.23	19	0.61	2.45
JDD0256	191.90	192.80	0.90	0.46	2.98	5	0.25	3.45
JDD0256	201.40	209.84	8.44	4.36	0.74	3	0.20	1.10	J1
JDD0256	217.40	218.20	0.80	0.41	1.92	43	0.55	3.34
JDD0256	224.00	225.70	1.70	0.87	8.03	46	5.25	17.03	J1L
JDD0263	30.00	30.80	0.80	0.63	2.59	11	0.01	2.74
JDD0263	54.10	54.40	0.30	0.24	1.20	47	3.21	6.94
JDD0263	106.60	107.10	0.50	0.40	4.02	1	0.14	4.26
JDD0263	120.40	120.80	0.40	0.32	4.26	3	0.05	4.38
JDD0263	128.10	135.48	7.38	5.84	6.87	14	0.38	7.66	J1
JDD0265	29.23	30.00	0.77	0.53	1.97	14	2.34	5.90	J12
JDD0265	56.80	59.00	2.20	1.51	6.39	78	4.91	15.24	J1
JDD0270	39.62	40.70	1.08	0.61	2.17	2	0.04	2.27	J12
JDD0270	80.70	84.45	3.75	2.18	4.64	8	0.74	5.93	J1

Table 3Kainantu Gold Mine – Significant Intercepts from Kora South, Judd and Judd 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
KUDD0065	145.90	146.90	1.00	0.67	0.35	52	0.04	1.08	K2HW
KUDD0065	148.20	153.60	5.40	3.62	0.62	79	0.12	1.84	K2
KUDD0065	199.30	200.10	0.80	0.54	2.42	11	0.61	3.52	K1FW
KUDD0065	210.30	217.00	6.70	4.49	0.58	10	0.35	1.25	KLS
KUDD0065	226.30	233.00	6.70	4.49	0.39	22	2.68	4.89	KLSFW
KUDD0066	190.10	191.00	0.90	0.47	0.58	195	0.08	3.23	K2
KUDD0066	226.40	228.20	1.80	0.94	0.27	20	0.01	0.55	K1
KUDD0066	252.40	259.00	6.60	3.43	0.71	66	2.06	4.78	KLS
KUDD0066	197.10	197.80	0.70	0.36	0.04	94	0.01	1.28	K2FW
KUDD0067	167.50	169.70	2.20	1.14	0.20	32	2.48	4.49	K2FW
KUDD0067	217.70	220.00	2.30	1.20	0.60	29	9.08	15.21	K2HW
KUDD0067	203.10	209.30	6.20	3.22	0.08	51	1.76	3.50	K2
KUDD0067	107.70	110.00	2.30	1.20	0.49	42	1.09	2.74	K1
KUDD0067	87.50	89.70	2.20	1.14	1.04	7	0.26	1.54	K1FW
KUDD0067	133.70	137.30	3.60	1.87	1.54	5	0.31	2.08	K1HW
KUDD0068	136.80	137.20	0.40	0.21	0.02	15	0.65	1.23	K2HW
KUDD0068	114.60	115.10	0.50	0.27	20.91	16	0.06	21.21	K2FW
KUDD0068	117.60	119.70	2.10	1.11	5.26	67	3.48	11.57	K2
KUDD0068	99.60	106.40	6.80	3.60	1.39	118	6.18	12.60	K1
KUDD0068	111.00	112.00	1.00	0.53	0.51	19	0.87	2.12	K1HW
KUDD0069	179.20	187.70	8.50	2.47	1.66	50	4.41	9.21	K2
KUDD0069	134.40	147.20	12.80	3.71	0.19	16	1.14	2.18	K1
KUDD0070	141.00	149.00	8.00	3.28	0.43	121	2.58	6.04	K1
KUDD0070	160.00	178.00	18.00	7.38	0.38	24	2.04	3.89	K2

Table 4Kainantu 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)
JDD0228	58022	29845	1226	15	141	300	Judd
JDD0229	58022	29845	1228	32	140	338	Judd
JDD0240	58643	29934	1343	27	133	138	Judd
JDD0241	58645	29934	1151	35	90	140	Judd
JDD0242	58645	29934	1343	34	73	110	Judd
JDD0243	58028	29845	1225	-51	92	227	Judd
JDD0244	58646	29934	1343	28	55	122	Judd
JDD0246	58827	30014	904	35	305	194	Judd
JDD0247	58826	30014	905	42	268	168	Judd
JDD0248	58825	30013	904	27	237	180	Judd
JDD0249	58867	29918	1112	-5	115	82	Judd
JDD0250	58867	29919	1112	-4	85	116	Judd
JDD0251	58648	29887	1334	8	248	190	Judd
JDD0252	58647	29886	1334	18	142	212	Judd
JDD0253	58870	29915	1112	0	64	95	Judd
JDD0253A	58858	29846	1111	-38	91	95	Judd
JDD0254	58858	29846	1111	-21	97	145	Judd
JDD0255	58858	29846	1111	-28	80	141	Judd
JDD0256	58647	29886	1335	29	141	241	Judd
JDD0257	58648	29887	1336	40	107	208	Judd
JDD0258	58651	29888	1335	40	81	196	Judd
JDD0259	58650	29887	1335	35	125	228	Judd
JDD0260	58939	29940	1122	2	113	49	Judd
JDD0261	58940	29939	1121	-53	116	112	Judd
JDD0262	58650	29887	1334	16	128	176	Judd
JDD0263	58648	29886	1335	35	94	161	Judd
JDD0265	58942	29941	1122	4	52	110	Judd
JDD0266	58942	29940	1120	-39	49	121	Judd
JDD0267	58650	29887	1335	33	106	182	Judd
JDD0270	58941	29941	1122	-16	41	129	Judd
KMDD0653A	58022	29839	1224	-30	209	253	Kora
KMDD0687A	59006	29948	898	28	285	216	Kora
KMDD0692	58758	29895	910	20	253	154	Kora
KMDD0696A	59006	29948	897	13	301	234	Kora
KMDD0698A	58951	29939	898	25	236	231	Kora
KMDD0699	58950	29939	897	13	237	182	Kora
KMDD0700	58760	29895	909	14	282	165	Kora
KMDD0701A	58759	29895	909	14	265	156	Kora
KMDD0702	58648	29926	1344	39	288	197	Kora
KMDD0703	58025	29838	1227	33	276	153	Kora
KMDD0704	58025	29838	1225	-33	275	200	Kora
KMDD0705	58647	29926	1344	42	265	188	Kora
KMDD0709	58758	29895	909	11	238	187	Kora
KMDD0710	58025	29839	1224	-61	271	197	Kora
KMDD0711	58744	29965	905	20	284	250	Kora
KMDD0712	58742	29965	905	20	266	239	Kora
KMDD0713	58025	29839	1224	-77	263	327	Kora
KMDD0714	58644	29926	1344	37	246	196	Kora
KMDD0715	58623	29963	906	5	266	243	Kora
KMDD0716	58623	29963	907	14	262	2307	Kora
KMDD0717	58623	29963	907	24	268	271	Kora
KMDD0718	58615	29983	906	8	253	278	Kora
KMDD0719	58615	29983	906	17	253	274	Kora
KMDD0720	58644	29926	1343	33	239	180	Kora
KMDD0721	58643	29927	1343	30	225	226	Kora
KMDD0722	58022	29840	1228	45	204	296	Kora
KMDD0723	58023	29840	1224	-62	210	367	Kora
KMDD0724	58215	29839	1225	42	288	1225	Kora
KMDD0725	58215	29838	1222	-15	288	135	Kora
KMDD0726	58643	29927	1343	27	216	291	Kora
KMDD0727	58741	29965	905	20	248	274	Kora
KMDD0729	58615	29983	906	3	247	274	Kora
KMDD0730	58643	29927	1342	20	224	239	Kora
KMDD0731	58643	29927	1342	17	218	278	Kora
KMDD0741	58622	29963	906	4	257	245	Kora
KMDD0742	58623	29963	907	19	263	249	Kora
KMDD0743	58741	29965	905	19	258	241	Kora
KMDD0744	58936	29932	1121	-28	248	174	Kora
KMDD0745	58936	29932	1121	-20	261	172	Kora
KMDD0746	58741	29965	905	21	250	267	Kora
KMDD0747	58615	29983	906	18	137	258	Kora
KMDD0748	58615	29983	907	21	248	288	Kora
KMDD0749	58215	29838	1221	-38	290	183	Kora
KMDD0750	58214	29839	1222	-52	290	215	Kora
KMDD0751	58623	29963	906	4	272	253	Kora
KMDD0752	58623	29963	907	13	273	244	Kora
KMDD0753	58643	29927	1342	19	211	353	Kora
KMDD0754	58643	29927	1342	8	211	349	Kora
KMDD0755	58623	29963	907	19	263	78	Kora
KMDD0756	58722	29820	1135	-17	267	62	Kora
KMDD0757	58707	29817	1135	-19	270	76	Kora
KMDD0758	58215	29839	1221	-67	286	304	Kora
KMDD0760	58615	29983	906	8	242	298	Kora
KMDD0761	58615	29983	907	16	242	315	Kora
KMDD0766	58622	29963	907	14	257	239	Kora
KMDD0772	58937	29933	1120	-31	270	166	Kora
KMDD0773	58937	29934	1121	-20	276	172	Kora
KMDD0774	58938	29932	1121	-31	302	158	Kora
KMDD0775	58623	29965	905	-17	263	261	Kora
KUDD0065	57961	29736	1857	-48	085	262	Kora South
KUDD0066	57961	29736	1857	-58	111	280	Kora South
KUDD0067	58095	29881	1848	-72	248	277	Kora South
KUDD0068	58095	29881	1848	-58	306	138	Kora South
KUDD0069	58099	29881	1835	-73	303	258	Kora South
KUDD0070	58099	29882	1833	-66	320	261	Kora South

 

Table 5Kora and Judd Mineral Resource Estimate (Effective Date September 12, 2023, 3 g/t gold equivalent cut-off)
	Tonnes	Gold		Silver		Copper		AuEq
	Mt	g/t	moz	g/t	moz	%	kt	g/t	moz
Kora
Measured	3.7	8.74	1.0	20.5	2.5	1.21	45.0	10.96	1.3
Indicated	3.1	6.99	0.7	21.9	2.2	1.31	41.3	9.40	1.0
Total M&I	6.9	7.94	1.8	21.1	4.7	1.25	86.2	10.24	2.3
Inferred	14.3	5.60	2.6	28.7	13.2	1.62	231.2	8.60	3.9
Judd
Measured	0.4	9.05	0.12	19.0	0.25	0.80	3.2	10.58	0.14
Indicated	0.8	6.37	0.17	15.6	0.42	0.73	6.2	7.76	0.21
Total M&I	1.2	7.24	0.29	16.7	0.67	0.75	9.4	8.68	0.35
Inferred	2.3	6.27	0.45	15.8	1.15	0.76	17.2	7.72	0.56
Kora and Judd
Measured	4.1	8.77	1.2	20.4	2.7	1.17	48.2	10.92	1.5
Indicated	4.0	6.86	0.9	20.6	2.6	1.19	47.4	9.05	1.2
Total M&I	8.1	7.83	2.0	20.5	5.3	1.18	95.6	10.00	2.6
Inferred	16.5	5.69	3.0	27.0	14.3	1.50	248.3	8.48	4.5

• 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 Integrated Development Plan, Kainantu Project, Papua New Guinea” dated November 28, 2024, 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/m3) 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 95% 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 Executive Vice President, Exploration, Mr. Chris Muller, PGeo, and K92 Mine Geology Manager and Mine Exploration Manager, Andrew Kohler, MAIG, both Qualified Persons under the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, have reviewed and are 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 [phone]

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, and the Kainantu Preliminary Economic Assessment, 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 COVID-19 virus; 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 2 – K2 Vein Long Section

Figure 3 – J1 Vein Long Section

Figure 4 – K1 and K2 Vein Plan Map (950 Level)

Figure 5 – Kora-Irumafimpa Long Section

Figure 6 – Judd Long Section

Figure 7 – JDD0251 Core Photograph, 151.59 – 156.45m; within intersection of 5.00 m at 178.59 g/t AuEq or 177.69 g/t Au, 2 g/t Ag and 0.54% Cu from the J1 Vein.

Figure 8 – KMDD0753 Core Photograph, 237.10 – 248.62m; within intersection of 10.60 m at 34.57 g/t AuEq or 27.85 g/t Au, 37 g/t Ag and 3.91% Cu from the K1 Vein.

Figure 9 – KMDD0702 Core Photograph, 123.00 – 128.24m; within intersection of 4.37 m at 33.27g/t AuEq or 32.16 g/t Au, 10 g/t Ag and 0.61% Cu from the K1 Vein.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/064a9c40-fada-4234-95db-4c39d433638e

https://www.globenewswire.com/NewsRoom/AttachmentNg/413e3218-7e10-44d2-a0bb-5faaaa9969d7

https://www.globenewswire.com/NewsRoom/AttachmentNg/7cc7a0d3-1619-46fd-9fb2-05f096957a89

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https://www.globenewswire.com/NewsRoom/AttachmentNg/8f594a08-f037-4bea-a7cb-4100bba460dc

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