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KNT.TO ·

K92 Mining Announces Stock Options Grant

Share Capital & Compensation

Suite 488 – 1090 West Georgia Street

Vancouver, British Columbia

Canada V6E 3V7

Telephone: (604) 687-7130

Facsimile: (604) 608-9110

NEWS RELEASE

November 19, 2018 Vancouver, British Columbia

K92 MINING ANNOUNCES STOCK OPTIONS GRANT

K92 Mining Inc. (“K92” or “the Company”) (TSXV: KNT; OTCQB: KNTNF) announces the

grant of 1,730,000 stock options to officers, employees and consultants of the Company,

pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $ 0.74

per share, expire on November 19, 2023, and vest in quarterly increments over twelve months

from the date of grant.

About K92 Mining

K92 Mining has commenced commercial gold production from the Kora Gold Deposit (via

mining at the Kora Northern Extension), which is part of the Company’s Kainantu Gold Project

located in the Eastern Highlands province of Papua Ne w Guinea. In November 2018, the

Company announced completion of an updated resource estimate of its Kora North deposit,

based on results from underground grade control, exploration diamond drilling in 80 drill holes,

and face sampling. The updated resource estimate will update and replace the previous

Preliminary Economic Assessment (PEA). It is anticipated that the new PEA will be publishe d

by January 2019.

ON BEHALF OF K92 MINING INC.

John Lewins

Chief Executive Officer and Director

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

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.

CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This

news release may include 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 ex pressed 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 re garding the realization of the preliminary economic analysis for the Project,

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. Forwa rd-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 fu ture 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 obligatio n to update or revise any

forward-looking statements, whether as a result of new information, future events or otherwise,

except as required by law.