K92 Mining Announces Grant of Stock Options
Suite 488 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: +1 (604) 687-7130
Facsimile: +1 (604) 608-9110
www.k92mining.com
NEWS RELEASE
K92 MINING ANNOUNCES GRANT OF STOCK OPTIONS
Vancouver, British Columbia, October 7, 2020 - K92 Mining Inc. (“K92” or the “Company”)
(TSXV: KNT; OTCQB: KNTNF) announces the grant of incentive stock options for the purchase
of an aggregate of 3,420,000 common shares to employees , directors and consultants of the
Company, pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable
at $6.73 per share, expire five years from the date of grant, and vest in three installments over
twelve months from the date of grant.
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver from the Kora deposit 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 im mediate vicinity of the mine. The
Company declared commercial production from Kainantu in February 2018 and is in a strong
financial position.
The Company commenced an expansion of the mine based on a n updated Stage 2 Preliminary
Economic Assessment on t he property which was published in January 2019 and updated for a
Stage 3 Expansion Preliminary Economic Assessment in July 2020. 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 at +1-604-687-7130.
www.k92mining.com
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.
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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
the realization of the preliminary economic analysis for the Kainantu Project, expectations of
future cash flows, the planned plant expansion, production results, cost of sales, sales of
production, potential expansion of resources and the generation of further drilling results which
may or may not occur. Forward -looking statements and information contained her ein are based
on certain factors and assumptions regarding, among other things, the market price of the
Company’s securities, metal prices, exchange rates, taxation, the estimation, timing and amount
of future exploration and development, capital and opera ting 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 coverag e and other risks of the mining industry, changes in national and local
government regulation of mining operations in PNG, mitigation of the Covid -19 pandemic,
continuation of the lifted state of emergency, and regulations and other matters. There can be n o
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.