K92 Mining Announces Appointment of Robert Smillie as Vice President - Exploration

Suite 488 - 1090 West Georgia Street

Vancouver, British Columbia

Canada V6E 3V7

Telephone: +1 (604) 416-4445

Facsimile: +1 (604) 608-9110

www.k92mining.com

NEWS RELEASE

K92 MINING ANNOUNCES APPOINTMENT OF ROBERT SMILLIE AS VICE

PRESIDENT - EXPLORATION

Vancouver, British Columbia, March 20, 2025 - K92 Mining Inc. (“K92” or the “Company”)

(TSX: KNT; OTCQB: KNTNF) is pleased to announce the appointment of Robert Smillie, as

Vice President - Exploration. The Company also announces that Andrew Kohler will step down

as Interim Vice President - Exploration and will resume the role of Chief Geologist.

Mr. Smillie is a highly experienced mineral exploration executive, with over 35 years in the mining

industry, specializing in epithermal gold and copper -gold systems. He has held senior leadership

roles throughout the Asia Pacific region, including Australia, New Zealand, Papua New Guinea

(“PNG”), Indonesia, the Philippines, South Korea, and Timor -Leste. Notably, while leading

exploration at Ok Tedi Mining in PNG, Mr. Smillie’s team made a major discovery at the

Townsville project, a zoned skarn breccia with over 800 metres of vertical extent, representing Ok

Tedi’s most significant near-mine copper-gold discovery in over 30 years. While at Ok Tedi, Mr.

Smillie led large exploration programs and teams, with a maximum annual budget of up to

AUD$25 million. He brings extensive experience in both greenfield and brownfield exploration,

as well as mine geology , at both junior and mid -tier mining companies, including OceanaGold,

WMC Resources, and Calibre Mining, plus New Zealand’s Institute of Geological and Nuclear

Sciences Limited . Mr. Smillie holds a Master of Business Administration from Victoria

University, a Master of Science in Geol ogy from Otago University, and a Bachelor of Science

from Otago University, and he is a Fellow of both the Society of Economic Geologists (SEG) and

Australasian Institute of Mining and Metallurgy (AusIMM).

John Lewins, K92 Chief Executive Officer and Director, stated, “Robert’s deep understanding of

PNG’s geological environment, plus his significant and diverse exploration experience including

leading large exploration programs and teams, combined with Kainantu’s highly-prospective,

world-class geological environment, well positions K92 to advance our exploration strategy.

We are extremely delighted to have Robert join the team. We congratulate Robert on his

appointment as Vice President - Exploration and we look forward to his future contributions as

we pursue the exciting opportunities ahead.”

About K92

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K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine

in the Eastern Highlands province of Papua New Guinea, as well as exploration and development

of mineral deposits in the immediate vicinity of the mine. The Company declared commercial

production from Kainantu in February 2018, is in a strong financial position, and is working to

become a Tier 1 mid-tier producer through ongoing plant expansions. A maiden resource estimate

on the Blue Lake copper -gold porphyry project was completed in August 2022. K92 is operated

by a team of mining company professionals with extensive international mine -building and

operational experience.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA, President and Chief

Operating Officer at +1-604-416-4445

CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news

release includes certain “forward -looking statements” under applicable Canadian securities legislation.

Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive

Feasibility Study, and the Kainantu Preliminary Economic Assessment, including the Stage 3 Expansion, a

new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the

expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion,

operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv)

the potential extended life of the Kainantu Mine.

All statements in this news release that address events or developments that we expect to occur in the future

are forward-looking statements. Forward -looking statements are statements that are not historical facts

and are generally, although not always, id entified by words such as “expect”, “plan”, “anticipate”,

“project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe”

and similar expressions or their negative connotations, or that events or conditions “will”, “wo uld”,

“may”, “could”, “should” or “might” occur. All such forward -looking statements are based on the

opinions and estimates of management as of the date such statements are made. Forward -looking

statements are necessarily based on estimates and assumption s that are inherently subject to known and

unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may

cause our actual results, level of activity, performance or achievements to be materially different from those

expressed or implied by such forward-looking information. Such factors include, without limitation, Public

Health Crises, including the COVID-19 virus; changes in the price of gold, silver, copper and other metals

in the world markets; fluctuations in the price and availability of infrastructure and energy and other

commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares;

inherent risks associated with the mining industry, including problems related to weat her and climate in

remote areas in which certain of the Company’s operations are located; failure to achieve production, cost

and other estimates; risks and uncertainties associated with exploration and development; uncertainties

relating to estimates of m ineral resources including uncertainty that mineral resources may never be

converted into mineral reserves; the Company’s ability to carry on current and future operations, including

development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent,

duration and economic viability of such operations, including any mineral resources or reserves identified

thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the

Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of

inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability

of the Company to achieve the inputs the price and mar ket for outputs, including gold, silver and copper;

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failures of information systems or information security threats; political, economic and other risks

associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the

conflicts in Ukraine, Israel and Palestine; comp liance with various laws and regulatory requirements to

which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable

terms when required; the current and future social, economic and political conditions, includi ng

relationship with the communities in Papua New Guinea and other jurisdictions it operates; other

assumptions and factors generally associated with the mining industry; and the risks, uncertainties and

other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.

Estimates of mineral resources are also forward -looking statements because they constitute projections,

based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in

the future and/or the anticipated economics of production. The estimation of mineral resources and mineral

reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral

resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any

such estimates is a function of the quantity and quality of available data, and of the assumptions made and

judgments used in engineering and geological interpretation, Forward -looking statements are not a

guarantee of future performance, and a ctual results and future events could materially differ from those

anticipated in such statements. Although we have attempted to identify important factors that could cause

actual results to differ materially from those contained in the forward -looking statements, there may be

other factors that cause actual results to differ materially from those that are anticipated, estimated, or

intended. 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 a s a result of new information,

future events or otherwise, except as required by law.