K92 Closes Oversubscribed Financing For Gross Proceeds of $16,554,600 THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Suite 488 – 1090 West Georgia Street

Vancouver, British Columbia

Canada V6E 3V7

Telephone: (604) 687-7130

Facsimile: (604) 608-9110

NEWS RELEASE

June 27, 2017 Vancouver, British Columbia

K92 MINING INC.

K92 Closes Oversubscribed Financing For Gross Proceeds of $16,554,600

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT

AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES.

K92 Mining Inc. ("K92" or the "Company") (TSX-Venture: KNT) is pleased to announce that it

has closed its private placement financing previously announced on June 6th, 2017, which was

oversubscribed, raising total gross proceeds of $16,554,600 (the “Offering”).

A total of $13,000,000 was arranged by Clarus Securities Inc. as lead agent, on behalf of a

syndicate of agents that included CIBC World Markets Inc., Eventus Capital Corp. and

Haywood Securities Inc. (collectively, the “Agents”) with an additional $3,554,600 arranged via

a concurrent non-brokered private placement.

Pursuant to the Offering, the Company issued a total of 20,693,250 units (the “Units”) at a price

of $0.80 per unit. Each Unit is comprised of one common share in the capital of the Company

(“Common Share“) and one Common Share purchase warrant (“Warrant“), with each Warrant

entitling the holder to purchase one Common Share at an exercise price of $1.05 for 12 months

following the completion of the Offering.

The net proceeds raised from the Offering will be used by the Company for exploration and

development of the Company’s mineral properties and for general corporate purposes.

For the brokered component of the Offering, the Agents received a cash commission equal to 7%

of the gross proceeds of the Offering. The Agents also received compensation warrants equal to

7% of the number of Units sold under the Offering (each, a “Compensation Warrant”). For the

non-brokered component of the Offering, the Company paid cash finders’ fees to certain finders

totaling $140,448 and granted a total of 175,560 Finder Warrants (each, a “Finders Warrant”).

Each Compensation Warrant and each Finders Warrant entitles the holder to purchase one

common share of the Company at a price of $1.05 for a period of 12 months from the date of

closing of the Offering.

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

hold expiring October 28, 2017.

The TSXV has in no way passed upon the merits of the Offering and 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.

On behalf of the company,

Ian Stalker

Chief Executive Officer and Director

CAUTIONARY STATEMENT REGARDING FORW ARD-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 reasonabl e, are subject to known and unknown risks,

uncertainties, and other factors which may cause th e actual results and future events to differ

materially from those expressed or implied by su ch forward-looking statements. All statements

that address future plans, use of proceeds, production, activities, ev ents or developments that the

Company believes, expects or anticipates will or may occur are forward-looking information,

including statements regarding potential ongoing production which may or may not occur and

the generation of further production assessment wo rk at deposits, which may or may not occur.

While commercial production is targeted, ther e is no assurance it will be achieved. Forward-

looking statements and information contained herein are based on certain factors and

assumptions regarding, among other things, the mark et price of the Company’s securities, metal

prices, 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 natio nal and local government regulation of mining

operations, and regulations and other matters. Ther e can be no assurance that such statements

will prove to be accurate, as actual results and fu ture 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 inte ntion 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.