Mr. John Lewins reports

K92 MINING REPORTS SURFACE CONTRACTOR FATALITY

On Feb. 3, 2026, a contractor supporting road work activities near the Kumian Creek contractor camp, located approximately 1.5 kilometres northeast of the process plant and eight kilometres northeast of the underground mine, suffered a fatal injury following an isolated incident on surface.

K92 Mining's emergency services responded immediately to the incident, and the appropriate authorities were notified. A comprehensive investigation is under way by the contractor and relevant authorities, with full support from K92. K92 has temporarily paused this contractor's activities at site to facilitate this process. K92 is working closely with its contractors and employees to provide the necessary support and counselling during this extremely challenging time. Safety and adherence to industry best practices remain K92's highest priorities.

Underground mining and processing activities have not been impacted, and minimal impact is expected to project construction timelines.

John Lewins, chief executive officer and a director of K92, stated, "On behalf of K92 Mining, we are deeply saddened by this incident and we extend our heartfelt sympathies and sincere condolences to the family, friends and colleagues of the deceased during this extremely 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. 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 continuing 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.

We seek Safe Harbor.