Clean Technology and Life Sciences, Diversified Industries, and Technology.
Suite 488 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: +1 (604) 687-7130
Facsimile: +1 (604) 608-9110
NEWS RELEASE
February 21, 2019 Vancouver, British Columbia
K92 MINING NAMED TO TSX VENTURE EXCHANGE “VENTURE 50”
K92 Mining Inc. (TSXV: KNT; OTCQX: KNTNF) (“K92” or “the Company”) is pleased to
announce it has been named to the TSX Venture Exchange’s 2019 Venture 50. which is an
annual ranking of top performing companies from five industry sectors: Mini ng, Oil & Gas,
Clean Technology and Life Sciences, Diversified Industries, and Technology.
The Venture 50 ranking is comprised of the strongest companies on TSX Venture Exchange ,
selected based on the equally weighted criteria in 2018 of: share price appreciation, trading
volume amount and market capitalization growth. Selected Venture 50 companies have seen
tremendous growth over the past year, offered excellent returns to their shareholders and are
actively traded in the market.
The strong market perfo rmance of K92 over the past year has been underpinned by strong
fundamental growth and business plan execution. Ongoing production, expansion and
exploration work at the high -grade Kainantu Mine has attracted a growing roster of institutional
investors to K92, and the Company will be attending both the upcoming BMO Metals and
Mining Conference from February 25-27 in Florida, United States and the P rospectors &
Developers Association of Canada (PDAC) Conference from March 3-6 in Ontario, Canada.
K92 Chief Executive Officer, John Lewins, state d, “During 2018, K92 established commercial
production, achieved cash -flow-positive operations and exceeded the top end of our annual
production guidance. We have continued to develop the Kora North deposit from a production
perspective through underground development to access greater strike length and in increase of
the known resource through exploration and grade control drilling. The year ended strongly, with
record setting production in the last quarter of 2018 and the engagement of a second drilling
contractor to enable K92 to significantly increase drilling in 2019. In 2018, K92 also announced
the positive results of an updated Preli minary Economic Assessment (“PEA”) for the Kainantu
Project and plans to publish 2019 production guidance and make a formal decision on expansion
of mining and processing operations as recommended in the PEA.”
The PEA is preliminary in nature and includes inferred mineral resources that are considered
too speculative geologically to have the economic considerations applied to them that would
enable them to be categorized as mineral reserves, and there is no cert ainty that the PEA will be
realized. The Technical Report contains a full description of all underlying assumptions relating
to the PEA. Mineral Resources that are not Mineral Reserves do not have demonstrated
economic viability.
ON BEHALF OF THE COMPANY,
John Lewins
Chief Executive Officer and Director
For further information, please contact the Company at +1-604-687-7130.
NEITHER TSX VENTURE EXCHANGE NOR ITS REG ULATION SERVICES PRO VIDER
(AS THAT TERM IS DEF INED IN POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILI TY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
K92 Mine Geology Manager and Mine Exploration Manager, Mr. Andrew Kohler, PGeo, a
Qualified Person under the meaning of Canadian National Instrument 43 -101 – Standards of
Disclosure for Mineral Projects, has reviewed and is responsible for the technical content of this
news release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news
release includes certain “forward -looking statements” under applicabl e Canadian securities
legislation. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the a ctual results and future events to differ
materially from those expressed or implied by such forward -looking statements. All statements
that address future plans, activities, events, or developments that the Company believes, expects,
or anticipates will o r may occur are forward -looking information, including statements
regarding the realization of the preliminary economic analysis for the Project, expectations of
future cash flows, the proposed plant expansion, potential expansion of resources and the
generation of further drilling results which may or may not occur. Forward -looking statements
and information contained herein are based on certain factors and assumptions regarding,
among other things, the market price of the Company’s securities, metal price s, exchange rates,
taxation, the estimation, timing and amount of future exploration and development, capital and
operating costs, the availability of financing, the receipt of regulatory approvals, environmental
risks, title disputes, failure of plant, eq uipment or processes to operate as anticipated, accidents,
labour disputes, claims and limitations on insurance coverage and other risks of the mining
industry, changes in national and local government regulation of mining operations, and
regulations and other matters.. 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.