K92 Mining Announces Inclusion IN the 2022 TSX30

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 INCLUSION IN THE 2022 TSX30

Vancouver, British Columbia, September 15, 202 2 - K92 Mining Inc . (“ K92” or the

“Company”) (TSX: KNT; OTCQX: KNTNF) an industry leading gold mining company , is

pleased to announce that is has been included in the Toronto Stock Exchange’s 2022 TSX30, a

flagship program recognizing the 30 top -performing stocks over a three -year period based on

dividend-adjusted share price appreciation. KNT ranked 11th on the 2022 list based on a share price

appreciation of 337% over the three-year period.

Founded in 2019, the TSX30 is an annual program that recognizes companies that have sustained

excellence over the long term by driving growth in their industries and for their investors. K92 is

extremely proud to be among the 30 companies on this year’s list, acknowledging the significant

success that the Company has had growing its business.

John Lewins, K92 Chief Executive Officer and Director, state d, “Being recognized as one of the

top performing companies on the TSX over the past three years is a major accomplishment for our

company, our investors, and our various stakeholders who have increasingly benefited from the

success of the Company. The recognition is particularly exceptional as we achieved this through

a very challenging period due to the COVID-19 pandemic.

Over the past three years, the Company has delivered multiple milestones on production and

exploration. On production, our Stage 2 Expansion was commissioned in 3Q 2020 to double plant

throughput and our Stage 2A Expansion is underway to increase throughput a further 25% . We

have very recently released our Integrated Mine Plan evaluating Stage 3 and Stage 4 Expansions

which would increase production by up to 400% over the next four years . On exploration, K92

was awarded the 2021 Thayer Lindsley Award from the Prospectors and Developers Association

of Canada for Best Global Discovery for Kora North. Since discovering Kora North, we have

considerably grown our mineral resources, discovered the new Judd high-grade vein system

underground, and recently announced a maiden inferred resource of 10. 8 million oz gold

equivalent, or 4.7 billion lbs copper equivalent, at the Blue Lake Porp hyry. Exploration activity

continues to ramp up and we are very excited about K92’s exploration potential.

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Lastly, I am especially proud of how our team rose to the challenge s over the last three years ,

showing a tremendous commitment and resourcefulness to the Company. The contributions of the

Governments of Papua New Guinea and also Australia were a major factor in our success.”

Qualified Person

K92 Mine Geology Manager and Mine Exploration Manager, Mr. Andrew Kohler, PGeo , a

Qualified Person under the meaning of National Instrument 43-101 – Standards for Disclosure of

Mineral Projects has reviewed and approved the technical content of this news release. The

Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and

reporting the exploration activities on its projects.

Blue Lake resource estimates are based on a technical report titled, “Independent Technical Report,

Mineral Resource Estimate Blue Lake Porphyry, Kainantu Project, Papua New Guinea ,” with an

effective date of August 1, 2022.

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 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. 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 +1-604-416-4445.

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 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

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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 l ocated; 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

outputs, 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 associated 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 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.