Issuance of Incentive Stock Options

Suite 488 – 1090 West Georgia Street Vancouver, British Columbia Canada V6E 3V7

Telephone: (604) 687-7130 Facsimile: (604) 608-9110

NEWS RELEASE

December 5, 2016 Vancouver, British Columbia

K92 MINING INC.

ISSUANCE OF INCENTIVE STOCK OPTIONS

K92 Mining Inc. (“K92 Mining” or the “Company”) (TSXV: KNT) announces that on December 5, 2016, the Company granted a total of 3,265,000 incentive stock options to employees, officers, directors and an investor relations provider. The options were granted in accordance with the terms of the Company’s stock option plan. They are exercisable at a price of C$1.00 per share, vest over a period of 12 months, with the initial vesting on the date of grant and expire on December 5, 2021.

On behalf of the company,

Ian Stalker Chief Executive Officer and Director

The TSXV has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.