Mr. John Lewins reports

K92 MINING REPORTS MINE ACCIDENT RESULTING IN TWO FATALITIES

Two individuals were fatally injured following an incident involving a vehicle on K92 Mining Inc.'s underground main incline on June 28. Mining operations have been suspended while an investigation is being completed. Other activities, including processing stockpiles, have not been impacted.

K92 Mining's emergency services responded to the incident, the appropriate authorities have been notified and a thorough investigation is under way. K92 Mining is also working with its employees, contractors and the families of the deceased to provide the required support and counselling needed during this challenging and difficult time. K92 Mining puts the utmost focus on safety and industry best practices.

K92 Mining's chief executive officer and director, John Lewins, stated, "On behalf of K92 Mining, we extend our deepest sympathies, heartfelt thoughts and prayers to the family, friends and co-workers of our two colleagues during this exceptionally difficult period."

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 Mining is operated by a team of mining company professionals with extensive international mine-building and operational experience.

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