Mr. John Lewins reports

K92 MINING RESUMES MINING OPERATIONS AT KAINANTU GOLD MINE

Underground mining operations resumed on July 6, 2023, pursuant to a safety-focused restart plan, at K92 Mining Inc.'s Kainantu gold mine in Papua New Guinea following a tragic underground vehicular incident (previously reported -- see June 28, 2023, press release).

During this time, there has only been limited impact on surface activities and surface stockpiles have been treated through the process plant. K92's production and cost guidance for 2023 remains unchanged.

K92 Mining's chief executive officer and director, John Lewins, stated: "I would like to thank our employees and contractors for their extraordinary efforts during this challenging and difficult time. Safety and the well-being of everyone at K92 is and always will be our highest priority. And, to the family, friends and co-workers of our two colleagues, we once again extend our deepest thoughts, prayers and condolences during this exceptionally difficult time."

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.

We seek Safe Harbor.