K92 Mining Drills 6.8 m of 56.45 g/t Au Eq at Kora

K92 ANNOUNCES RESULTS, INCLUDING 6.8M AT 53.34 G/T AU, 106 G/T AG AND 1.16% CU (56.45 G/T AUEQ) IN KMDD0049 A THE MOST SOUTHERLY HOLE DRILLED FROM DIAMOND DRILL CUDDY 2 (DDC2)

K92 Mining Inc. TSX-V: KNT has intersected multiple intervals of high grades of gold in drill hole KMDD0049, which is a drill hole on the most southerly line being drilled from diamond drill cuddy 2 (DDC2) oriented 25 degrees upward, above the current working level.

Included within the results is the highest grade and best intersection K92 has achieved from Kora vein K2, being 6.8 metres (true width of 4.75 metres) of 56.45 grams per tonne gold equivalent, along with continuing high grades in Kora vein K1, being 5.6 metres (true width of 3.27 metres) of 41.71 grams per tonne gold equivalent. Additional to these wide intervals of high grade, an intersection into a crosscutting link structure (designated Kora KL2) returned an assay of 2.8 metres (true width of 1.96 metres) of 13.33 grams per tonne gold equivalent. K92 believes that the presence and results related to this second link structure potentially indicate that the current high grade being encountered in Kora K1 continues farther to the south.

K92 chief executive officer John Lewins stated: “In the same week as K92 has declared the achievement of commercial production, it is extremely pleasing to report results from possibly the best hole we have drilled to date in Kora North. This and other results from the mining, development and drilling at Kora North over the last month have been outstanding and continue to build our knowledge of the deposit and its potential. We continue to see remarkable consistency, intercepting mineralization in almost every single hole drilled from the first two underground drill cuddies and look forward to continuing our drilling program aimed at defining the potential of the Kora deposit.”

The attached table provides a summary of the results from the latest diamond grade control drill hole drilled into the Kora North vein system.

          KAINANTU GOLD MINE -- SIGNIFICANT INTERCEPTS FROM KORA UNDERGROUND DIAMOND DRILLING
 
Hole ID            From          To    Interval  True width        Gold      Silver      Copper        Gold 
                     (m)         (m)         (m)         (m)       (g/t)       (g/t)         (%) equivalent
                                                                                                       (g/t)

KMDD0049          40.55          44        3.45        2.02        1.37        3.00           0        2.04
Including         40.55        40.8        0.25        0.15        4.13        6.00           0        4.71
Including         41.45       42.35        0.90        0.53        2.43        4.00           1        3.40
Including          43.6          44        0.40        0.23        2.06        4.00           1        3.38
KMDD0049           44.5        50.1         5.6        3.27       40.81          16        0.46       41.71
Including          44.5       45.78        1.28        0.75       25.01           4        0.24       25.43
Including         45.78        46.5        0.72        0.42        1.41          16        0.97        3.09
Including          46.5        47.3         0.8        0.47       22.58           8        0.16       22.93
Including          47.3       48.45        1.15        0.67      152.70          46        0.40      153.90
Including         48.45        50.1        1.65        0.96        1.13           7        0.58        2.11
KMDD0049           76.7        79.5         2.8        1.96        7.86          34        3.29       13.33
Including          77.2        78.1         0.9        0.63       22.21          85        9.64       38.03
Including          78.1        79.5         1.4        0.98        1.14          11        0.35        1.82
KMDD0049           91.9        98.7         6.8        4.75       53.34         106        1.16       56.45
Including          91.9        92.2         0.3        0.21        1.22          22        0.53        2.32
Including          92.2        93.4         1.2        0.84        0.57          17        0.22        1.13
Including          93.4        94.5         1.1        0.77        7.84          29        0.34        8.74
Including          94.5        95.5           1        0.70        7.07          33        0.14        7.71
Including          95.5        96.9         1.4        0.98      159.40         400        3.94      170.50
Including          96.9          98         1.1        0.77       81.31          53        1.20       83.81
Including            98        98.7         0.7        0.49       47.65          12        0.15       48.04

Note: Gold equivalent uses copper price of $2.90 (U.S.) per pound, silver price of 
$16.50 (U.S.) per ounce and gold price of $1,300 (U.S.) per ounce.

K92’s mine geology manager and mine exploration manager, Andrew Kohler, PGeo, a qualified person under the meaning of National Instrument 43-101, has reviewed and is responsible for the technical content of this news release. Data verification by Mr. Kohler includes significant time on site reviewing drill core, face sampling, underground workings, and discussing work programs and results with geology and mining staff.

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