K92 Mining Announces Filing of Technical Report FOR Kainantu GOLD MINE Integrated Development Plan
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 FILING OF TECHNICAL REPORT FOR KAINANTU GOLD
MINE INTEGRATED DEVELOPMENT PLAN
Vancouver, British Columbia, October 28, 2022 - K92 Mining Inc . (“K92” or the “ Company”)
(TSX: KNT; OTCQX: KNTNF) announces that it has filed a technical report (the “ Technical
Report”) containing an Integrated Development Plan (“IDP”) for its Kainantu Gold Mine Project (the
“Kainantu Project”) in Papua New Guinea . The Technical Report, titled, “Independent Technical
Report, Kainantu Gold Mine Integrated Development Plan, Kainantu Project, Papua New Guinea”
dated October 26, 2022, with an effective date of January 1, 2022, was prepared by Evan Kirby BSc
(Hons), FSAIMM; Dr Matthew Helinski PhD (Geotechnical); Patrick McCann BASc (Mining); Ralph
Holding, CPEng, FIEAust ; Sandra Hunter BSc (Hons), FAusIMM(CP) ; Shane McLeay B.Eng
(Mining, Hons), FAusIMM; Tara Halliday B.Eng (Environmental), FAusIMM, GAICD , Simon Tear
BSc (Hons), EurGeol, PGeo IGI, EurGeol ; and Andrew Kohler BAppSc (Geol), PGCert
(Geostatistics), MAIG. Refer to the Company’s news release dated September 12, 2022, for a summary
of the key results, assumptions and estimates contained in the Technical Report. The Technical Report
was prepared in accordance with National Instrument 43 -101 - Standards of Disclosure for Mineral
Projects and is available under the Company’s SEDAR profile ( www.sedar.com) and on the K92
website at www.k92mining.com.
About K92
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 dev elopment of
mineral deposits in the immediate vicinity of the mine. The Company declared commercial production
from Kainantu in February 2018, and commenced an expansion of the mine based on an updated
Preliminary Economic Assessment on the property. A maiden resource estimate on the Blue Lake
porphyry project was completed in August 2022. K92 is in a strong financial position and 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 at +1-604-416-4445
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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 Project
DFS, and the Kainantu 2022 PEA, 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; and (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface
infrastructure and mining throughputs.
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, identified by words such as “expect”, “plan”, “anticipate”, “project”,
“target”, “poten tial”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar
expressions or their negative connotations, or that events or conditions “will”, “would”, “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 assumptions 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 Pandemic;
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; flu ctuations in foreign currency exchange
rates; volatility in price of our common shares; inherent risks associated with the mining industry, including
problems related to weather 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 mineral 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; 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 price and market for ou tputs,
including gold, silver and copper; inability of the Company to identify appropriate acquisition targets or
complete desirable acquisitions; failures of information systems or information security threats; political,
economic and other risks associat ed with the Company’s foreign operations; geopolitical events and other
uncertainties, such as the conflict in Ukraine; compliance 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, including relationship with the
communities in jurisdictions it operates; other assumptions and factors generally associated with the minin g
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 actual 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
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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 as a result of new information, future events or otherwise, except as required by law.