KNT.TO · 2017-02-09 12:00:00

K92 Commences Major Exploration Program

Exploration Programs

Suite 488 – 1090 West Georgia Street

Vancouver, British Columbia

Canada V6E 3V7

Telephone: (604) 687-7130

Facsimile: (604) 608-9110

NEWS RELEASE

February 9, 2017 Vancouver, British Columbia

K92 Commences Major Exploration Program

 exploration has started at Exploration Leases EL 693 and EL 470

 new Kokomo vein system identified to northeast of Judd vein system

 high grade gold and silver assays from first float and channel samples

K92 Mining Inc. (“K92”) (TSXV - KNT) is pleased to announce that it has commenced a major

exploration program on EL’s (E xploration Leases) 683 and 470 i mmediately to the north and

west of the company’s ML (Mining Lease) 150. The program is designed to follow up previous

work on anomalous drainage sampling results whic h indicated that the mineralised structures

present in ML 150 continued to the north across the Baupa River towards the processing plant.

The field work commenced in late January and the first phase of the work will include:

o Establishment of an exploration camp close to the Kokomo Village

o Prospecting, sampling, mapping and assessment of the mineralised veins on the northern

side of Baupa River.

o Mapping of the geology within the drainage systems and surface exposures, and linking

them with the prospected veins.

o Conducting a ridge and spur soil sample survey for indications of anomalous

geochemical dispersion from the auriferous veins across a select number of ridges and

spurs.

o Trenching along the length of identified veins to establish widths, grades and strike extent

o Conducting a Land Boundary Survey concurrent with the field exploration work in close

collaboration with the Community Affairs Department and knowledgeable Pomasi elders.

Although the Exploration Program is in very ea rly stages, numerous qua rtz veins have been

identified, which are potentially extensions of the known minera lised vein systems

(Irumafimpa/Kora, Judd & Karempa) encountered within ML 150.

In addition a new vein system termed the “Kokomo Vein” has been identified in the main access

incline striking north into the cu rrent exploration area. Initial samples from the Kokomo Vein

within ML 150 have been assayed and have hi gh grades of gold and silver as do multiple

samples from potential extensions of the vein swarm onto EL 693.

The initial results from sampling a number of these veins are summarised in Table 1.

Table 1 Initial Results for Surface Sampling from Exploration Program

Licence Prospect Sample_ID Easting Northing RL Sample_Type Interval

(ppm)

(%)

EL693 Kokomo K92RC_08006 31169 61607 836 float N/A 2.94 50.7 0.05

EL693 Kokomo K92RC_08007 31164 61609 844 float N/A 4.65 30.9 0.06

EL693 Kokomo K92RC_08008 31160 61631 854 channel 0.8 2.31 31.6 0.01

EL693 Kokomo K92RC_08009 31174 61633 864 channel 1 2.16 31.3 0.08

EL693 Kokomo K92RC_08010 31161 61636 872 channel 0.6 58.90 82.9 0.02

EL693 Kokomo K92RC_08011 31169 61631 873 channel 0.8 32.00 54.2 0.07

EL693 Kokomo K92RC_08012 31131 61617 870 float N/A 3.73 96.6 0.02

The Kokomo Vein has been sampled underground as well as in the Baupa River to the north

striking into the exploration area. Results for th e sampling of this vein system are provided in

Table 2.

Table 2 Kokomo Vein System Results

Licence Prospect Sample_ID Easting Northing RL Sample_Type Interval

(ppm)

(%)

ML150 Kokomo K92RC_00383 30797 60730 863 channel 0.5 5.49 76.0 0.28

ML150 Kokomo K92RC_00384 30796 60729 863 channel 0.5 25.10 146.0 0.25

ML150 Kokomo K92RC_00385 30797 60731 863 channel 0.5 0.75 20.8 0.20

ML150 Kokomo K92RC_00386 30795 60728 863 channel 0.5 2.39 97.9 0.20

ML150 Kokomo K92RC_00388 30873 60744 907 float N/A 14.70 79.3 0.15

ML150 Kokomo K92RC_00097 30815 60896 855 channel 1 2.54 pend. pend.

ML150 Kokomo K92RC_00099 30837 60890 848 grab N/A 3.83 pend. pend.

ML150 Kokomo K92RC_00100 30837 60890 848 channel 0.3 60.60 pend. pend.

Ian Stalker, K92 Chief Executive Officer and Director, states, “Much of this exploration area is

situated between the existing Irumafimpa Mine and the Processing Plant, so any success in this

area could have significant implications for the existing mining and processing operation. The

initial results from the first two weeks of work are extremely encouraging and support the

geological interpretation of the Exploration Team. The results are certainly impressive when one

considers that despite its proximity to the mine and processing plant, no work has been carried

out in this area previously. This really underlines the potential not only of the mine and known

deposits but of all of the surrounding ground over which K92 holds Exploration Licenses

covering some 400 km2.”

Chris Muller, BSc, Geo, a qualified person under th e meaning of Canadian National Instrument

43-101, has reviewed and is responsible for the technical content of this news release.

On behalf of the company,

Ian Stalker

Chief Executive Officer and Director

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

potential ongoing production which may or may not occur and the generation of further

production assessment work at deposits, which may or may not occur. The Preliminary

Economic Assessment (“PEA”) issued by K92 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 certainty that the PEA will be realized. 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, 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.

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