K92 Closes Fully Subscribed $6.5 Million Financing

Suite 488 – 1090 West Georgia Street

Vancouver, British Columbia

Canada V6E 3V7

Telephone: (604) 687-7130

Facsimile: (604) 608-9110

NEWS RELEASE

March 6, 2018 Vancouver, British Columbia

K92 MINING INC.

K92 Closes Fully Subscribed $6.5 Million Financing

K92 Mining Inc. (“K92”) (KNT-TSXV) is pleased to announce the completion of its previously

announced brokered private placement for gross proceeds of $6,500,025 (the “Offering”).

Pursuant to the private placement, the company issued a total of 14,444,500 Units (“Units”)

at a price of $0.45 per Unit. Each Unit consists of one common share and one half of one

common share purchase warrant, with each whole warrant entitling the holder to purchase

one common share at an exercise price of $0.65 for 18 months following the completion of

the Offering.

The private placement was led by Clarus Securities Inc. as lead agent and sole bookrunner,

on behalf of a syndicate of agents including Eventus Capital Corp. The Company paid a cash

commission equal to 7.0% of the gross proceeds of the Offering. The Company also issued

compensation warrants equal to 7.0% of the number of Units sold under the Offering.

The net proceeds raised from the Offering will be used by the company for the purchase of a

gravity circuit, exploration, equipment and for general working capital.

All securities issued in connection with the Offering are subject to a four-month-plus-one-

day hold expiring on July 7, 2018.

On behalf of the company

John Lewins, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.