K92 Mining Announces the Kainantu GOLD MINE Operating as Normal After Experiencing Regional Earthquake
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 THE KAINANTU GOLD MINE OPERATING AS NORMAL
AFTER EXPERIENCING REGIONAL EARTHQUAKE
Vancouver, British Columbia, September 11, 2022 - K92 Mining Inc. (“K92” or the “Company”)
(TSX: KNT; OTCQX: KNTNF) announces that the Kainantu Gold Mine, located in Eastern
Highlands Province, Papua New Guinea is operating normal ly after experiencing a large earthquake
yesterday.
On September 11 at 9:46 am Papua New Guinea time, a 7.6 magnitude earthquake was recorded
approximately 65 km east of the mine site and at a depth of 90 km. According to our protocols,
operations were briefly suspended to complete the inspection of the underground mine, surface
infrastructure and the health and wellbeing of our personnel. We are pleased to report that the
underground was inspected and promptly cleared to resume operation. Surface infrastructure, including
the Tailings Storage Facility which has specialized monitoring equipment installed, reported no
significant impacts. The Processing Plant reported minor damage to two pumps and associated pipes,
which resulted in stoppage of approximately 8 hours for repairs. Importantly, there were no injuries to
our personnel.
John Lewins, K92 Chief Executive Officer and Director, state d, “The earthquake experienced is one
of the largest recorded in the Kainantu region for over one hundred years. The operation considers
seismicity in its design and we are pleased with the resilience shown after this earthquake , with the
operation quickly resuming after adhering to protocols. We are currently gathering information and
engaging with our surrounding communities and will look to be of assistance.”
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
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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. All statements in this news release that address events or developments that we e xpect 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”, “p otential”, “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 stateme nts 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 includ e, 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;
fluctuations 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; the fact that
a feasibility studying of mineral reserves demonstrating economic and technical viability has not been
prepared for the Kainantu Mine; 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 con flict 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, should mining occur. 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. Altho ugh 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,
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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.