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KNT.TO ·

K92 Mining Announces Grant of Stock Options

Share Capital & Compensation

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, B ritish Columbia, September 19 , 2019 - K92 Mining Inc. (“K92” or the

“Company”) (TSXV: KNT; OTCQB: KNTNF) announces the grant of 1,265,000 stock options

to employees and consultants of the Company, pursuant to the terms of the Company’s Stock

Option Plan. The options are exercisable at $1.92 per share, expire five years from the date of

grant, and vest in increments 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/Kora North

deposit of the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as

well as exploration and development of mineral deposits in the immediat e vicinity of the mine.

The Company declared commercial production from Kainantu in February 2018 and has

commenced an expansion of the mine. An updated Preliminary Economic Assessment on the

property was published in January 2019. K92 is operated by a tea m of mining company

professionals with extensive international mine-building experience.

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On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact Investor Relations at +1-604-687-7130.

www.k92mining.com

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

2

or anticipates will or may occur are forward -looking information , expectations of future cash

flows, the proposed plant expansion, potential expansion of resources and the generation of further

drilling results which may or may not occur. 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, exchange rates, 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.

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.