Mr. Ian Stalker reports

K92 MINING ARRANGES $2 MILLION FINANCING AT $1.17

K92 Mining Inc. has arranged a further non-brokered private placement to raise approximately $2-million through the issuance of 1,709,402 units of the company at a price of $1.17 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will allow the holder to purchase one common share of K92 at a price of $1.75 for a period of 12 months from the date of issuance.

Proceeds of the financing are intended to be used for general corporate purposes, and to give the company enhanced optionality when completing the underground incline drive from Irumafimpa to Kora, with drill testing along the way.

The financing has been arranged with a single investor.

K92 may pay a finder, in connection with financing, a fee up to 7 per cent of the gross proceeds received from the investor, payable in cash and/or offered shares, and issue warrants to purchase offered shares equal to 7 per cent of the aggregate number of offered shares purchased by the investor. The finder's warrants will be on the same terms and conditions as the warrants issued under the financing.

The financing is intended to be completed on or about July 25, 2016, subject to certain conditions, including the approval of the TSX Venture Exchange. All securities issued as part of the financing will be subject to a hold period of four months and one day from the closing date of the financing.

We seek Safe Harbor.