Mr. John Lewins reports

K92 MINING ANNOUNCES INDEPENDENT PROXY ADVISORY FIRMS, ISS AND GLASS LEWIS, RECOMMEND K92 SHAREHOLDERS VOTE FOR ALL PROPOSED ITEMS AT THE UPCOMING AGM

Leading independent proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. have each recommended K92 Mining Inc. shareholders vote for all the proposed resolutions at the coming annual general and special meeting of shareholders.

ISS and Glass Lewis are two leading independent, third party proxy advisory firms that, among other services, provide proxy-voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.

The board of directors of K92 recommends that shareholders vote for all the proposed items.

K92 2023 annual general and special meeting

At the meeting, shareholders will be asked to:

• Appoint the auditors for the ensuing year;
• Elect the directors for the ensuing year;
• Approve amendments to the share compensation plan;
• Approve a non-binding advisory resolution to accept the company's approach to executive compensation.

This year K92's meeting will be a hybrid in-person and virtual format. Shareholders will be able to participate by voting or asking questions at the meeting.

When: Thursday, June 29, 2023, at 2 p.m. (Pacific Time)

Where: Suite 580, 1090 West Georgia St., Vancouver, B.C., V6E 3V7, and virtual meeting on-line

Meeting password: k922023

Shareholders are encouraged to cast their votes in advance by proxy.

The company encourages shareholders to read the meeting materials, which have been filed on SEDAR and are on the company's website.

K92 shareholders who have questions about the management information circular, or require assistance with voting their shares can contact the company's proxy solicitation agent, Laurel Hill Advisory Group.

Laurel Hill Advisory Group

North America toll-free: 1-877-452-7184

Outside North America: 1-416-304-0211

About K92 Mining Inc.

K92 Mining 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, and is in a strong financial position. A maiden resource estimate on the Blue Lake 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.

We seek Safe Harbor.