Ongoing Maiden Drill Program At Arakompa

VANCOUVER - K92 Mining Inc. reported on second set of drilling of 9 holes for total results of 11 holes 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. K92’s maiden drill program at Arakompa represents the first drilling on the target in 32 years, with limited historic drilling completed, comprising 18 holes totaling 1.8 km of mostly shallow drilling.

John Lewins, Chief Executive Officer and Director, said, “The results from our maiden drill program to date represent a very exciting period for K92, Papua New Guinea and our various stakeholders, as our regional exploration program is rapidly unlocking the potential of Arakompa, a target that has not been drilled for 32 years and previously seen very limited historical work completed. Importantly Arakompa is nearer to our process plant than our producing Kora and Judd deposits.

There was one drill rig operating at the beginning of the year and driven by the outstanding results to date we have now increased to three drill rigs operating. A fourth drill rig is planned to commence drilling imminently and we are targeting a maiden resource by Q1 2025. We see the potential for Arakompa to add another stage of organic growth beyond the Stage 3 and 4 Expansions at Kora and Judd that are currently under construction. We look forward to providing further updates in due course.”