Mr. Scott Trebilcock reports

KORE MINING ANNOUNCES $3 MILLION STRATEGIC INVESTMENT BY ERIC SPROTT AND MACQUARIE BANK

Kore Mining Ltd. has arranged a non-brokered private placement of $3-million consisting of 6,666,666 shares at a price of 45 cents per share, subject to the approval of the TSX Venture Exchange.

Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially controlled by him, and Macquarie Bank Ltd. are subscribing for the entirety of the private placement.

Scott Trebilcock, president and chief executive officer, stated: "On behalf of the board and the management of Kore, I am delighted to welcome this follow-on strategic investment from two of our major shareholders. The continued support by these two leading mining investors is a strong endorsement for Kore's portfolio of advanced gold assets."

Mr. Trebilcock continued: "Kore remains committed to pursuing value through exploration and development. The company is immediately commencing follow-up work on high-priority Mesquite East exploration targets while continuing to drill at FG gold and keeping Imperial on track to move into permitting in mid-2020."

Mr. Sprott commented: "Backed by ounces in the ground and a strong PEA on the Imperial project, Kore's value proposition remains strong. I am pleased to continue supporting the company."

Net proceeds of the private placement are expected to advance Kore's 100-per-cent-owned gold portfolio including Imperial (California) and Long Valley (California) as well as for general corporate and working capital purposes.

Mr. Sprott and Macquarie will subscribe for 4,444,444 shares and 2,222,222 shares in the private placement, respectively. Upon completion of the financing Mr. Sprott will hold 15.3 per cent and Macquarie will hold 8.5 per cent of the company's issued share capital on a non-diluted basis. There are no warrants associated with the private placement.

All securities to be issued pursuant to the private placement will be subject to a four-month hold period from the closing date under applicable securities laws in Canada and, among other things, receipt by Kore of all necessary regulatory approvals, including the TSX Venture Exchange.

About Kore Mining Ltd.

Kore is 100-per-cent owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.

We seek Safe Harbor.