K92 Mining Announces Major Expansion of Arakompa AR1 High-Grade Zone and Delineation of Substantial Near-Surface High-Grade Bulk Tonnage Zone

VANCOUVER, British Columbia, June 04, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce its sixth set of drilling results consisting of 33 holes for a total of 100 holes released to date from its maiden surface diamond drill program at Arakompa, located approximately 4.5 km from the Kainantu Gold Mine Process Plant in Papua New Guinea. All drill holes at Arakompa intersected mineralization, with 40 intersections exceeding 5 g/t AuEq and 20 intersections exceeding 10 g/t AuEq.

Major Expansion of AR1 High-Grade Zone, With Increased Drill Density Confirming Strong Vein Continuity

• Multiple high-grade intersections recorded at Arakompa's AR1 Vein, with increased drill density expanding and upgrading the near-surface thick high-grade zone, which is now defined up to approximately 300 m of vertical extent and up to 400 m of strike length, starting at 100 m depth. Surface mapping and multiple high-grade rock chip samples indicate that up-dip from the thick high-grade zone, mineralization extends to surface, making infill drilling the top 100 metres a priority target, in addition to our step-out drill program. Within this zone, outlined in Figure 3, the weighted average grade and average true width are 9.47 g/t AuEq and 4.32 m respectively. Highlights include:
  
  
  • KARDD0076: 11.90 m at 14.30 g/t AuEq (14.00 g/t Au, 9 g/t Ag, 0.18% Cu), including
    1.70 m at 92.43 g/t AuEq (91.55 g/t Au, 44 g/t Ag, 0.35% Cu)
  • KARDD0106: 10.00 m at 15.21 g/t AuEq (15.11 g/t Au, 4 g/t Ag, 0.06% Cu), including
    4.00 m at 36.65 g/t AuEq (36.50 g/t Au, 6 g/t Ag, 0.09% Cu)
  • KARDD0100: 16.50 m at 8.06 g/t AuEq (7.53 g/t Au, 8 g/t Ag, 0.43% Cu), including
    3.00 m at 18.03 g/t AuEq (17.23 g/t Au, 14 g/t Ag, 0.63% Cu)
  • KARDD0090: 8.60 m at 6.79 g/t AuEq (6.40 g/t Au, 8 g/t Ag, 0.29% Cu) 
    
  • KARDD0094: 7.88 m at 6.63 g/t AuEq (5.60 g/t Au, 22 g/t Ag, 0.77% Cu), including
    2.15 m at 13.54 g/t AuEq (12.92 g/t Au, 17 g/t Ag, 0.41% Cu) 
  • KARDD0091: 4.00 m at 13.90 g/t AuEq (13.21 g/t Au, 26 g/t Ag, 0.38% Cu), including
    1.80 m at 30.35 g/t AuEq (28.84 g/t Au, 57 g/t Ag, 0.83% Cu) 
  • KARDD0078: 5.10 m at 6.81 g/t AuEq (6.56 g/t Au, 16 g/t Ag, 0.07% Cu)
    

AR2 Vein Delivers Multiple High-Grade Intercepts

• Multiple high-grade intercepts recorded at Arakompa's AR2 Vein, including:
  
  
  • KARDD0084G: 4.70 m at 41.90 g/t AuEq (41.46 g/t Au, 4 g/t Ag, 0.38% Cu) 
  • KARDD0104: 6.80 m at 15.21 g/t AuEq (15.11 g/t Au, 6 g/t Ag, 0.04% Cu), including
    2.00 m at 49.00 g/t AuEq (48.79 g/t Au, 14 g/t Ag, 0.04% Cu)   
  • KARDD0090: 3.40 m at 20.31 g/t AuEq (20.21 g/t Au, 5 g/t Ag, 0.03% Cu), including
    0.90 m at 71.63 g/t AuEq (71.40 g/t Au, 16 g/t Ag, 0.04% Cu)
  • KARDD0073: 8.00 m at 6.72 g/t AuEq (5.78 g/t Au, 46 g/t Ag, 0.39% Cu) 
  • KARDD0105: 3.60 m at 5.02 g/t AuEq (3.45 g/t Au, 56 g/t Ag, 0.91% Cu)
  • KARDD0091: 1.40 m at 7.51 g/t AuEq (6.12 g/t Au, 55 g/t Ag, 0.73% Cu)
    

Near-Surface, Large High-Grade Bulk Zone Confirmed and Expanded

• Multiple, near-surface, high-grade bulk intersections recorded, expanding a high-grade zone towards surface, previously interpreted as lower grade due to lack of drilling (See Figure 5). Highlights include:
  
  
  • KARDD0091: 49.30 m at 1.95 g/t AuEq (1.79 g/t Au, 7 g/t Ag, 0.08% Cu)
    
  • KARDD0106: 140.10 m at 1.27 g/t AuEq (1.21 g/t Au, 2 g/t Ag, 0.03% Cu)
  • Both KARDD0091 and KARDD0106 are located approximately 60 m from previously reported hole 005AD92 which recorded 41.9 m at 2.21 g/t AuEq (2.12 g/t Au, 2 g/t Ag, 0.04% Cu).
    
    
• Thick, high-grade bulk zone expanded in multiple directions, with increased drill density improving confidence in geological continuity and highlighting the potential for grade profile upgrades at Arakompa through both infill and step-out drilling (See Figure 5). This area has been a major drilling focus ahead of the Arakompa maiden resource estimate. Additionally, surface sampling indicates that mineralization extends to surface along Arakompa’s known +2 km strike length, highlighting multiple high-priority areas for infill drilling up-dip of high-grade zones defined to date in addition to step-out drilling. Highlights include:
  
  
  • KARDD0076: 99.00 m at 2.90 g/t AuEq (2.76 g/t Au, 4 g/t Ag, 0.09% Cu)
    
  • KARDD0084G: 105.40 m at 2.26 g/t AuEq (2.17 g/t Au, 2 g/t Ag, 0.06% Cu)
  • KARDD0090: 106.50 m at 2.22 g/t AuEq (2.11 g/t Au, 3 g/t Ag, 0.07% Cu)
  • KARDD0078: 70.90 m at 1.01 g/t AuEq (0.89 g/t Au, 4 g/t Ag, 0.07% Cu), and 36.40 m at 1.00 g/t AuEq (0.83 g/t Au, 3 g/t Ag, 0.13% Cu)
  • KARDD0094: 137.35 m at 1.07 g/t AuEq (0.95 g/t Au, 3 g/t Ag, 0.08% Cu)
  • KARDD0104: 163.50 m at 1.02 g/t AuEq (0.97 g/t Au, 2 g/t Ag, 0.03% Cu)
  • KARDD0100: 177.55 m at 1.01 g/t AuEq (0.90 g/t Au, 2 g/t Ag, 0.08% Cu)
  • KARDD0075: 77.20 m at 1.01 g/t AuEq (0.85 g/t Au, 5 g/t Ag, 0.11% Cu)
  • KARDD0086: 43.80 m at 1.01 g/t AuEq (0.88 g/t Au, 3 g/t Ag, 0.10% Cu)
  • KARDD0099: 40.50 m at 1.03 g/t AuEq (0.98 g/t Au, 2 g/t Ag, 0.02% Cu)

Porphyry Vector Drilling Advances with Outer Potassic Zone Intersected

• Porphyry vector drilling advanced following the previously reported KARDD0065 discovery hole, with KARDD0077 completing a ~250 m southern step-out. The latest drill results entered and exited intervals of outer potassic alteration, providing an important vector towards the potential high-grade potassic core. A second drill rig is now being allocated to target the porphyry and will commence drilling imminently. Highlights include:
  
  
  • KARDD0077: 1,151.20 m at 0.30% CuEq (0.11 g/t Au, 2 g/t Ag, 0.16% Cu)
    
  • KARDD0093G: 800.70 m at 0.33% CuEq (0.14 g/t Au, 1 g/t Ag, 0.17% Cu)
  • KARDD0074: 494.00 m at 0.35% CuEq (0.15 g/t Au, 2 g/t Ag, 0.17% Cu)
  • KARDD0065 (previously reported): 690.40 m at 0.30% CuEq (0.17 g/t Au, 2 g/t Ag, 0.17% Cu)

Notes:
(1) Drill highlights presented above are core lengths (not true widths).
(2) Gold equivalent (AuEq) and Copper Equivalent (CuEq) exploration results are calculated using longer-term commodity prices with a copper price of US$5.00/lb, a silver price of US$50.00/oz and a gold price of US$3,500/oz. For AuEq, the following recoveries were applied in-line with the Updated Definitive Feasibility Study: Au – 92.6%, Cu – 94.0%, and Ag – 78.0%. For CuEq, Metallurgical recoveries and net smelter returns are not considered.

John Lewins, K92 Chief Executive Officer and Director, stated, “The latest results from Arakompa represent another important step in advancing the discovery towards a maiden resource estimate planned for mid-2026. Drilling continues to demonstrate a large, near-surface mineralized system, highlighted by the significant expansion and improved continuity of the AR1 high-grade zone and the delineation of a substantial high-grade bulk tonnage zone. Increased drill density is enhancing our geological confidence while also highlighting the potential for grade profile upgrades through ongoing infill and step-out drilling. Importantly, surface sampling indicates that mineralization extends to surface along Arakompa’s known +2 km strike length, reinforcing the significant exploration upside that remains. Porphyry vector drilling also continues to advance, with the latest results providing an important vector towards a potential high-grade potassic core. Arakompa is increasingly emerging as one of the most significant exploration successes in the Kainantu district in recent years, and we look forward to providing further updates as drilling continues.”

Robert Smillie, K92 Vice President of Exploration, stated, “The latest results continue to reinforce why Arakompa has become a major focus of our exploration efforts, with every phase of drilling revealing new opportunities for growth. As we advance towards a maiden mineral resource estimate, drilling continues to demonstrate both the scale of the system and the significant exploration upside that remains across the broader corridor. Additionally, an exciting aspect of the latest results is the growing evidence for a potential porphyry system to the south, which could represent a significant new exploration opportunity within the district. We are excited by the latest drill results that provide valuable vectoring towards a potential high-grade porphyry core.”

Figures

• A plan map for Arakompa is provided in Figure 1.
• A cross section showing KARDD0076, KARDD0078, KARDD0084G, and KARDD0090 at Arakompa is provided in Figure 2.
• Long sections of AR1 and AR2 Veins showing the location of the latest drill holes are provided in Figures 3 and 4, respectively. 
• A long section showing Arakompa bulk intercepts and gram metre contours is provided in Figure 5. 
• A regional location map is provided in Figure 6. 
• Core photographs from drill holes KARDD0090, KARDD0084G and KARDD0106 are provided in Figure 7, Figure 8 and Figure 9, respectively.
  
  

Table 1
Significant Intercepts from Arakompa Diamond Drilling

Hole ID	From (m)	To (m)	Interval (m)	True width (m)	Gold (g/t)	Silver (g/t)	Copper (%)	Gold Eq (g/t)	Vein
KARDD0068	437.60	458.70	21.10	14.77	0.87	3	0.12	1.03	Bulk Intersection
KARDD0068	211.60	212.60	1.00	0.70	4.90	17	0.05	5.16
KARDD0068	414.20	414.80	0.60	0.42	2.32	9	0.21	2.64	AR1
KARDD0068	448.00	449.30	1.30	0.91	3.52	2	0.06	3.60
KARDD0068	457.90	458.70	0.80	0.56	11.73	39	1.70	13.88
KARDD0069	467.00	483.00	16.00	12.16	1.00	3	0.03	1.07	Bulk Intersection
KARDD0069	218.70	220.20	1.50	1.14	3.30	1	0.02	3.33
KARDD0069	366.80	368.20	1.40	1.06	1.23	5	0.02	1.31	AR2
KARDD0069	391.00	392.00	1.00	0.76	1.21	8	0.02	1.32	AR1
KARDD0069	467.00	470.10	3.10	2.36	4.75	12	0.09	4.99
KARDD0070	455.50	466.00	10.50	8.40	1.00	1	0.12	1.13	Bulk Intersection
KARDD0070	455.50	457.80	2.30	1.84	3.27	2	0.31	3.60	AR2
KARDD0070	487.60	490.40	2.80	2.24	0.94	2	0.11	1.07	AR1
KARDD0070	527.00	529.00	2.00	1.60	1.64	1	0.03	1.68
KARDD0071	470.00	481.60	11.60	9.28	0.47	16	0.34	1.00	Bulk Intersection
KARDD0071	389.30	390.90	1.60	1.28	0.90	11	0.07	1.10	AR1
KARDD0071	470.90	475.50	4.60	3.68	0.87	39	0.79	2.13
KARDD0072	492.80	515.80	23.00	15.87	0.80	6	0.16	1.04	Bulk Intersection
KARDD0072	382.60	383.90	1.30	0.90	1.13	5	0.03	1.22	AR2
KARDD0072	435.80	438.60	2.80	1.93	2.58	40	0.15	3.21
KARDD0072	477.60	479.90	2.30	1.59	1.41	5	0.20	1.67	AR1
KARDD0072	507.30	510.90	3.60	2.48	1.91	6	0.08	2.06
KARDD0072	514.20	515.80	1.60	1.10	3.51	26	1.12	4.94
KARDD0073	247.00	303.00	56.00	39.20	0.86	8	0.06	1.02	Bulk Intersection
KARDD0073	247.00	255.00	8.00	5.60	5.78	46	0.39	6.72	AR2
KARDD0073	377.40	380.00	2.60	1.82	1.93	14	0.15	2.25
KARDD0074	358.00	852.00	494.00	464.34	0.15	2	0.17	0.35% CuEq	Bulk Porphyry-style Intersection
KARDD0074	358.00	477.80	119.80	91.05	0.14	2	0.16	0.32	Bulk Intersection
KARDD0075	442.20	519.40	77.20	54.04	0.85	5	0.11	1.01	Bulk Intersection
KARDD0075	377.30	378.40	1.10	0.77	2.05	2	0.03	2.11	AR2
KARDD0075	471.30	476.30	5.00	3.50	2.29	4	0.25	2.59	AR1
KARDD0075	493.00	503.20	10.20	7.14	3.47	2	0.08	3.57
KARDD0075	508.20	519.40	11.20	7.84	0.50	20	0.30	1.05
KARDD0076	90.70	189.70	99.00	68.31	2.76	4	0.09	2.90	Bulk Intersection
KARDD0076	90.70	93.30	2.60	1.79	1.73	4	0.02	1.79
KARDD0076	95.80	100.50	4.70	3.24	6.75	8	0.07	6.92
KARDD0076	120.00	124.00	4.00	2.76	3.33	10	0.32	3.76	AR2
KARDD0076	134.40	138.00	3.60	2.48	6.37	12	0.15	6.67
KARDD0076	144.60	156.50	11.90	8.21	14.00	9	0.18	14.30	AR1
including	145.30	147.00	1.70	1.17	91.55	44	0.35	92.43	AR1
KARDD0076	166.10	174.00	7.90	5.45	2.06	8	0.20	2.35
KARDD0077	289.00	1440.20	1151.20	1102.58	0.11	2	0.16	0.30% CuEq	Bulk Porphyry-style Intersection
KARDD0077	523.60	636.20	112.60	84.45	0.19	3	0.18	0.40	Bulk Intersection
KARDD0077	481.60	482.30	0.70	0.53	0.44	5	0.63	1.12	AR2
KARDD0077	552.80	554.00	1.20	0.90	0.44	2	0.50	0.96	AR1
KARDD0077	628.50	633.50	5.00	3.75	0.97	33	0.38	1.74
KARDD0078	119.70	156.10	36.40	25.48	0.83	3	0.13	1.00	Bulk Intersection
KARDD0078	175.10	246.00	70.90	49.63	0.89	4	0.07	1.01	Bulk Intersection
KARDD0078	203.90	209.00	5.10	3.57	6.56	16	0.07	6.81	AR1
KARDD0078	232.10	238.90	6.80	4.76	2.08	20	0.46	2.78
KARDD0079	386.00	408.00	22.00	15.40	0.32	3	0.03	0.38	Bulk Intersection
KARDD0079	217.00	218.20	1.20	0.84	0.82	47	0.02	1.41	AR2
KARDD0079	255.00	256.00	1.00	0.70	0.77	2	0.02	0.81	AR1
KARDD0080	475.40	501.90	26.50	18.55	0.72	5	0.22	1.00	Bulk Intersection
KARDD0080	585.50	791.00	205.50	205.50	0.15	1	0.17	0.34% CuEq	Bulk Porphyry-style Intersection
KARDD0080	380.50	382.00	1.50	1.05	1.96	10	0.23	2.30	AR2
KARDD0080	426.25	428.00	1.75	1.23	1.45	1	0.13	1.59	AR1
KARDD0080	482.90	484.20	1.30	0.91	9.24	51	2.02	11.86
KARDD0080	499.34	499.90	0.56	0.39	7.03	49	1.98	9.59
KARDD0080	552.20	553.80	1.60	1.12	0.38	1	0.48	0.87
KARDD0081	125.00	148.20	23.20	16.24	1.36	3	0.05	1.44
KARDD0082	472.00	498.60	26.60	18.62	0.73	5	0.22	1.01	Bulk Intersection
KARDD0082	173.30	180.80	7.50	5.25	0.96	3	0.04	1.03
KARDD0082	308.60	309.80	1.20	0.84	2.13	39	1.24	3.83
KARDD0082	396.90	398.10	1.20	0.84	1.49	7	0.08	1.65	AR2
KARDD0082	431.00	433.40	2.40	1.68	2.81	8	0.34	3.25	AR1
KARDD0082	491.00	492.40	1.40	0.98	9.77	57	2.30	12.74
KARDD0082	552.00	554.00	2.00	1.40	0.51	9	0.31	0.92
KARDD0083	209.90	222.90	13.00	10.40	0.81	3	0.15	1.00	Bulk Intersection
KARDD0083	282.00	308.00	26.00	20.80	1.00	6	0.02	1.08	Bulk Intersection
KARDD0083	177.60	178.20	0.60	0.48	0.93	4	0.16	1.14	AR2
KARDD0083	214.80	217.80	3.00	2.40	2.78	10	0.56	3.46	AR1
KARDD0083	304.90	308.00	3.10	2.48	6.89	36	0.04	7.35
KARDD0084G	258.60	364.00	105.40	55.73	2.17	2	0.06	2.26	Bulk Intersection
KARDD0084G	7.90	9.40	1.50	0.81	5.02	1	0.03	5.06
KARDD0084G	141.00	142.10	1.10	0.59	2.46	16	0.19	2.84
KARDD0084G	258.60	260.00	1.40	0.76	0.96	1	0.07	1.05
KARDD0084G	263.60	268.30	4.70	2.54	41.46	4	0.38	41.90	AR2
including	265.40	266.40	1.00	0.54	163.44	15	1.19	164.80	AR2
KARDD0084G	315.30	317.00	1.70	0.92	1.28	9	0.16	1.54
KARDD0084G	342.20	343.50	1.30	0.70	5.01	21	0.08	5.34	AR1
KARDD0084G	358.60	364.00	5.40	2.92	0.84	10	0.18	1.14
KARDD0086	412.00	455.80	43.80	35.48	0.88	3	0.10	1.01	Bulk Intersection
KARDD0086	347.30	351.00	3.70	3.00	1.76	2	0.00	1.79	AR2
KARDD0086	425.00	431.70	6.70	5.43	1.06	2	0.13	1.21	AR1
KARDD0086	445.50	447.50	2.00	1.62	7.48	8	0.24	7.82
KARDD0086	449.40	452.60	3.20	2.59	2.84	11	0.34	3.30
KARDD0087	281.60	421.40	139.80	102.05	0.13	2	0.02	0.17	Bulk Intersection
KARDD0087	122.00	123.00	1.00	0.73	0.52	19	0.14	0.88
KARDD0087	281.60	282.70	1.10	0.80	0.77	28	0.01	1.11	AR2
KARDD0087	319.90	320.30	0.40	0.29	1.18	10	0.07	1.37	AR1
KARDD0087	418.90	421.40	2.50	1.83	2.10	27	0.22	2.64
KARDD0087	457.50	458.50	1.00	0.73	1.41	5	0.74	2.21
KARDD0088	250.70	350.20	99.50	52.74	0.28	3	0.05	0.36	Bulk Intersection
KARDD0088	4.00	9.90	5.90	3.13	2.52	3	0.03	2.58
KARDD0088	21.00	23.00	2.00	1.06	3.04	1	0.01	3.06
KARDD0088	262.00	263.90	1.90	1.01	3.18	2	0.05	3.25	AR2
KARDD0088	340.40	344.40	4.00	2.12	0.94	17	0.18	1.32	AR1
KARDD0088	349.00	350.20	1.20	0.64	1.74	3	0.14	1.93
KARDD0089	345.00	364.00	19.00	15.77	0.91	5	0.05	1.02	Bulk Intersection
KARDD0089	233.40	235.70	2.30	1.91	0.96	15	0.28	1.41	AR2
KARDD0089	240.90	242.30	1.40	1.16	0.86	3	0.19	1.09	AR1
KARDD0089	352.40	364.00	11.60	9.63	1.38	7	0.07	1.54
including	352.40	353.90	1.50	1.25	4.45	8	0.02	4.56
KARDD0090	109.50	216.00	106.50	82.01	2.11	3	0.07	2.22	Bulk Intersection
KARDD0090	8.40	10.40	2.00	1.54	12.88	1	0.02	12.92
KARDD0090	111.80	115.00	3.20	2.46	9.22	5	0.08	9.37
KARDD0090	123.00	128.00	5.00	3.85	5.35	3	0.03	5.41
KARDD0090	153.00	156.40	3.40	2.62	20.21	5	0.03	20.31	AR2
including	153.70	154.60	0.90	0.69	71.40	16	0.04	71.63	AR2
KARDD0090	162.50	165.90	3.40	2.62	1.51	6	0.03	1.62
KARDD0090	172.70	175.90	3.20	2.46	3.62	24	0.51	4.42
KARDD0090	203.40	212.00	8.60	6.62	6.40	8	0.29	6.79	AR1
KARDD0090	214.30	216.00	1.70	1.31	1.41	2	0.03	1.46
KARDD0091	104.80	154.10	49.30	32.54	1.79	7	0.08	1.95	Bulk Intersection
KARDD0091	60.60	61.50	0.90	0.59	1.54	25	0.31	2.15
KARDD0091	63.60	65.90	2.30	1.52	4.68	7	0.12	4.89
KARDD0091	104.80	108.60	3.80	2.51	5.23	26	0.10	5.65
KARDD0091	112.00	116.00	4.00	2.64	13.21	26	0.38	13.90	AR1
including	112.00	113.80	1.80	1.19	28.84	57	0.83	30.35	AR1
KARDD0091	152.70	154.10	1.40	0.92	6.12	55	0.73	7.51	AR2
KARDD0093G	261.70	1062.40	800.70	800.70	0.14	1	0.17	0.33% CuEq	Bulk Porphyry-style Intersection
including	753.00	1062.40	309.40	309.40	0.19	2	0.19	0.40% CuEq	Bulk Porphyry-style Intersection
KARDD0094	160.40	297.75	137.35	101.64	0.95	3	0.08	1.07	Bulk Intersection
KARDD0094	187.50	193.20	5.70	4.22	1.57	1	0.02	1.61
KARDD0094	199.00	203.02	4.02	2.97	1.99	2	0.02	2.03
KARDD0094	213.00	217.10	4.10	3.03	2.55	2	0.04	2.60	AR2
KARDD0094	232.00	237.00	5.00	3.70	2.20	3	0.15	2.39
KARDD0094	238.92	246.80	7.88	5.83	5.60	22	0.77	6.63	AR1
including	239.25	241.40	2.15	1.59	12.92	17	0.41	13.54	AR1
KARDD0094	269.00	274.00	5.00	3.70	2.29	4	0.13	2.47
KARDD0094	276.00	280.53	4.53	3.35	0.88	10	0.11	1.11
KARDD0095	68.00	100.30	32.30	20.35	0.36	2	0.03	0.41	Bulk Intersection
KARDD0095	78.20	79.40	1.20	0.76	3.35	17	0.26	3.82	AR1
KARDD0095	95.90	98.00	2.10	1.32	1.38	3	0.03	1.45	AR2
KARDD0096	103.00	224.00	121.00	60.50	0.49	3	0.05	0.57	Bulk Intersection
KARDD0096	103.00	130.00	27.00	13.50	0.82	3	0.03	0.89	AR1
KARDD0096	158.00	173.50	15.50	7.75	0.60	5	0.07	0.72
KARDD0096	211.60	224.00	12.40	6.20	0.78	1	0.02	0.82	AR2
KARDD0099	207.50	248.00	40.50	26.73	0.98	2	0.02	1.03	Bulk Intersection
KARDD0099	207.50	210.00	2.50	1.65	13.22	6	0.03	13.33
KARDD0099	232.70	233.00	0.30	0.20	3.64	46	0.10	4.29	AR2
KARDD0099	288.00	289.00	1.00	0.66	0.97	3	0.11	1.11
KARDD0099	297.40	303.20	5.80	3.83	0.71	4	0.16	0.91	AR1
KARDD0099	315.80	319.70	3.90	2.57	0.88	2	0.14	1.05
KARDD0100	121.45	299.00	177.55	88.78	0.90	2	0.08	1.01	Bulk Intersection
KARDD0100	125.70	128.60	2.90	1.45	4.60	11	0.43	5.17
KARDD0100	139.00	144.00	5.00	2.50	1.05	9	0.38	1.54
KARDD0100	146.00	162.50	16.50	8.25	7.53	8	0.43	8.06	AR1
including	155.70	158.70	3.00	1.50	17.23	14	0.63	18.03	AR1
KARDD0100	373.70	376.00	2.30	1.15	1.07	2	0.18	1.27	AR2
KARDD0101	275.80	351.00	75.20	56.40	0.15	3	0.02	0.20	Bulk Intersection
KARDD0101	286.20	289.40	3.20	2.40	1.72	9	0.10	1.93	AR2
KARDD0101	302.20	303.00	0.80	0.60	3.03	40	0.21	3.72
KARDD0101	325.00	330.78	5.78	4.34	0.25	1	0.05	0.32
KARDD0101	423.50	424.50	1.00	0.75	0.56	8	0.37	1.03
KARDD0104	120.00	283.50	163.50	114.45	0.97	2	0.03	1.02	Bulk Intersection
KARDD0104	120.80	123.00	2.20	1.54	6.89	2	0.02	6.92
KARDD0104	137.00	139.00	2.00	1.40	1.88	1	0.01	1.90
KARDD0104	179.00	185.80	6.80	4.76	15.11	6	0.04	15.21	AR2
including	179.00	181.00	2.00	1.40	48.79	14	0.04	49.00	AR2
KARDD0104	261.00	263.00	2.00	1.40	0.78	2	0.13	0.93	AR1
KARDD0104	271.60	274.10	2.50	1.75	0.85	5	0.11	1.02
KARDD0104	301.00	302.20	1.20	0.84	18.66	53	0.53	19.82
KARDD0105	58.40	91.60	33.20	22.24	0.80	7	0.16	1.04	Bulk Intersection
KARDD0105	68.90	78.80	9.90	6.63	1.13	2	0.12	1.27	AR1
KARDD0105	85.00	88.60	3.60	2.41	3.45	56	0.91	5.02	AR2
KARDD0106	24.00	164.10	140.10	84.06	1.21	2	0.03	1.27	Bulk Intersection
KARDD0106	24.00	25.10	1.10	0.66	0.27	46	0.14	0.97
KARDD0106	92.30	96.00	3.70	2.22	1.49	8	0.13	1.71
KARDD0106	102.00	112.00	10.00	6.00	15.11	4	0.06	15.21	AR1
including	102.00	106.00	4.00	2.40	36.50	6	0.09	36.65	AR1
KARDD0106	138.00	140.00	2.00	1.20	0.88	1	0.03	0.92	AR2

Table 2
Collar Locations for Arakompa Surface Drilling

Hole ID	Collar location			Collar orientation
	Local North	Local East	mRL	Dip	Local azimuth	EOH depth (m)
KARDD0068	69778	89459	1554	-49	73	471
KARDD0069	69738	90229	1386	-56	103	506
KARDD0070	69721	89738	1463	-48	53	539
KARDD0071	69737	90232	1386	-54	52	527
KARDD0072	69778	89459	1554	-49	54	600
KARDD0073	69837	90290	1411	-51	48	508
KARDD0074	69778	89263	1555	-47	92	872
KARDD0075	69778	89459	1554	-48	59	609
KARDD0076	69922	89731	1460	-46	90	223
KARDD0077	69723	89116	1559	-48	93	1492
KARDD0078	69925	89733	1464	-61	81	313
KARDD0079	69837	90288	1412	-61	87	411
KARDD0080	69777	89264	1555	-46	61	800
KARDD0081	69922	89732	1459	-60	80	165
KARDD0082	69779	89457	1554	-57	91	570
KARDD0083	69837	90288	1411	-47	86	406
KARDD0084G	69925	89733	1464	-58	28	503
KARDD0086	69779	89460	1554	-43	57	562
KARDD0087	69837	90289	1411	-66	62	558
KARDD0088	69921	89733	1459	-66	42	356
KARDD0089	69837	90289	1411	-54	66	374
KARDD0090	69925	89733	1460	-47	53	239
KARDD0091	70069	89576	1535	-45	210	165
KARDD0093G	69779	89262	1555	-58	170	1062
KARDD0094	69921	89733	1460	-58	47	326
KARDD0095	70060	89572	1530	-48	290	215
KARDD0096	70061	89572	1530	-65	283	347
KARDD0099	69921	89733	1460	-60	40	354
KARDD0100	70069	89576	1535	-71	296	415
KARDD0101	69845	90291	1411	-63	39	505
KARDD0104	69925	89733	1460	-61	57	308
KARDD0105	70069	89576	1535	-46	249	217
KARDD0106	70062	89570	1531	-62	240	278

Drill Hole Sampling Methodology, QA/QC and Qualified Person

The diamond drill hole is first logged to determine the sampling intervals, which range from a minimum of 0.1 m to generally 1 m. The drill core is sawn half core cut along a reference line, with the remainder of the core returned to the core tray. Core samples are then placed in numbered calico and plastic bags, with a numbered sample ticket for dispatch to the assay laboratory. Samples are separately assayed for gold, copper and silver. K92’s procedure includes the insertion of standards, blanks and duplicates. Gold assays are by the fire assay method. Copper and silver assays are by the three-acid-digestion method (nitric, perchloric and hydrochloric mix).

K92 maintains an industry-standard analytical quality assurance and quality control (QA/QC) and data verification program to monitor laboratory performance and ensure high quality assays. Results from this program confirm reliability of the assay results. All sampling and analytical work for the mine exploration program is performed by Intertek Testing Services (PNG) Ltd, an independent accredited laboratory that is located on site. External check assays for QA/QC purposes are performed at SGS Australia Pty Ltd in Townsville, Queensland, Australia.

K92 Mining Chief Geologist, Andrew Kohler, PGeo, MAIG, Qualified Person under the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has approved the technical content of this news release. In addition to the analytical QA/QC program outlined above, data verification also includes significant time onsite reviewing drill core, soil and outcrop sampling, artisanal workings, as well as discussing work programs and results with geology personnel and external consultants.

About K92

K92 Mining Inc. 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 ongoing 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.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the expansion of the high-grade zones at the Arakompa project; (ii) statements regarding the delineation of a high-grade bulk tonnage zone; (iii) statements regarding a possible mineral resource estimate at the Arakompa project; (iv) statements regarding future drilling and potential results; (v) the geological potential of the Arakompa project; and (vi) the potential extended life of the Kainantu Mine.

All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.

Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Figure 1 – Arakompa Plan Map

Figure 2 – Arakompa Cross-Section – Showing KARDD0076, KARDD0078, KARDD0084G, and KARDD0090

Figure 3 – AR1 Vein Long Section

Figure 4 – AR2 Vein Long Section

Figure 5 – Arakompa Bulk Interpretation Long Section

Figure 6 – Site Map and Location of Arakompa

Figure 7 – KARDD0090 Core Photograph, 153.0 – 156.3m; within intersection of 3.4m at 20.31 g/t AuEq (AR2 Vein), including 0.9m at 71.63 g/t AuEq, within a broader bulk intercept of 106.5m at 2.22 g/t AuEq.

Figure 8 – KARDD0084G Core Photograph, 262.6 – 267.6m; within intersection of 4.7m at 41.90 g/t AuEq (AR2 Vein), including 1.0m at 164.80 g/t AuEq, within a broader bulk intercept of 105.4m at 2.26 g/t AuEq.

Figure 9 – KARDD0106 Core Photograph, 104.1 – 108.7m; within intersection of 10.0m at 15.21 g/t AuEq (AR1 Vein), including 4.0m at 36.65 g/t AuEq, within a broader bulk intercept of 140.1m at 1.27 g/t AuEq.

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