K92 Appoints Mr. John Lewins as Chief Executive Officer
Suite 488 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: (604) 687-7130
Facsimile: (604) 608-9110
NEWS RELEASE
August 10, 2017 Vancouver, British Columbia
K92 MINING INC.
K92 Appoints Mr. John Lewins as Chief Executive Officer
K92 Mining Inc. (“K92”) is pleased to report the appointment of Mr. John Lewins as Chief
Executive Officer.
Mr. Lewins is a Mineral Engineer with over 35 years of international leadership experience in
the mining industry. He has held senior positions with companies operating in Africa, Australia,
Asia, North America and the former Soviet Union.
Mr. Lewins has successfully led the start-up of multiple mines from study through to full
operational stage.
Prior to his appointment as K92 Chief Executive Officer, Mr. Lewins has been a Director and
Chief Operating Officer of K92. In addition to this corporate leadership role to date, he has
guided K92’s production re-start, overseen all site operations and has led initiatives such as the
publishing of the Kora Preliminary Economic Assessment (“PEA”) and the development of the
Irumafimpa Mine Plan.
Mr. Lewins past industry leadership roles include 10 years with MIM Holdings during which
time he built the Tom’s Gully Mine (built to produce 50,000 ounces Au per annum), Tick Hill
Mine (an open pit and underground mine with peak production 180,000 ounces Au per annum)
and Nolan’s Gold Mine (a 2 million tonne per annum open pit with production peaks reaching in
excess of 120,000 Au ounces per annum) taking these projects from Feasibility Study through to
operations. During his time with MIM, Mr. Lewins also led the build of McArthur River Lead
Zinc Mine (which was built to process 1.2 million tonnes per annum and included an
underground mine, plant and port facility). Mr. Lewins led the building of the Ararat Gold Plant
(2millon tonne per annum operation with peak production of 50,000 ounces Au and 150,000
ounces Ag per annum) as Senior VP Projects and Operations and then President of First Dynasty
Mines when it restarted the Zod Gold Mine in Armenia. With Armada Gold, Mr Lewins was
responsible for the construction and operation of the Erdmin Copper SXEW operation in
Mongolia as Senior VP Projects and Operations.
Mr. Ian Stalker, former K92 Chief Executive Officer, will remain very involved with K92 as a
Director and in a strategic planning role.
While Mr. Lewins leads K92’s ongoing ramp up of production at the Irumafimpa Mine and the
exploration and expansion program, Mr. Stalker will devote effort to strategic planning for the
company. This role is something Mr. Stalker is quite uniquely suited for given his track record in
the space including acting as CEO during the growth of Uramin from a micro-cap to takeover
over a span of less than 36 months.
Mr. Stalker states, ‘This is an exciting day for K92. With a successful production restart now
completed and with K92 now looking to execute on expansion and exploration initiatives, it is a
great time for this transition. John has led the re-start process and this is a natural evolution
from his current role. As John leads the execution of the company’s business plan, it will allow
me to devote more focus to strategic planning initiatives while also working to raise the visibility
of the company in the industry and amongst the investment public. With production moving
along nicely and with exploration drilling to commence on what we believe are a series of world
class targets, I very much look forward to this next phase.”
Recently, K92 announced that it continues to ramp up production at the Irumfimpa mine, is
about to commence exploration drilling from underground set-ups to follow up on the recent
Kora extension discovery hole, is preparing to mine and test a 2,000-tonne bulk sample from
Kora, and continues regional exploration with work recently completed at the Pomasi project.
Mr. R. Stuart (Tookie) Angus, K92 Chairman, notes, “The Board of K92 is very pleased with
this CEO appointment. John has done an excellent job leading the execution of the K92 business
plan and is well positioned to lead this company as CEO via a continued ramp up of production
and exploration. We also know Ian will add significant value in his new role and thank him for
his leadership to date, starting right from the launch of the company through to production.”
On behalf of the Company
John Lewins, Chief Executive Officer and Director
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
news release includes certain “forward-looking statements” under applicable 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 actual 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 or 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 prices, 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, equipment 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.