Mr. Eric Sprott, an investor, reports

ERIC SPROTT ANNOUNCES HOLDINGS IN KORE MINING LTD.

On Oct. 12, 2022, 2176423 Ontario Ltd., a corporation that is beneficially owned by Eric Sprott, sold 29,508,444 common shares of Kore Mining Ltd. over the TSX Venture Exchange (representing approximately 25.6 per cent of the outstanding shares on a non-diluted basis) at a price of approximately 2.37 cents per share for aggregate consideration of approximately $699,350.12.

Mr. Sprott now owns and controls 1,095,000 share purchase warrants, representing approximately 0.9 per cent of the outstanding shares on a partially diluted basis. Prior to the disposition, Mr. Sprott beneficially owned and controlled 29,508,444 shares and 1,095,000 warrants, representing approximately 25.6 per cent of the outstanding shares on a non-diluted basis and approximately 26.3 per cent on a partially diluted basis, assuming the exercise of all such warrants. The disposition combined with previous new share issuances by Kore Mining resulted in an ownership change, on a partially diluted basis, of approximately 26.5 per cent since the last filing of an early warning report and brings total holdings to under 10 per cent on a partially diluted basis. As a result, Mr. Sprott and 2176423 Ontario ceased to be insiders of Kore Mining.

The shares were sold while it mistakenly believed that holdings of shares were under 20 per cent of the outstanding shares. 2176423 Ontario has contacted the principal securities regulator of Kore Mining in an effort to resolve any outstanding issues related to this matter.

Kore Mining is located at suite 960, 1055 West Hastings St., Vancouver, B.C., V6B 0B8. A copy of the early warning report with respect to the foregoing will appear under the company's profile on SEDAR and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario, 200 Bay St., suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).