K92 Mining Conditionally Approved to Graduate to TSX

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

October 15, 2020 Vancouver, British Columbia

K92 MINING CONDITIONALLY APPROVED TO GRADUATE TO TSX

Vancouver, British Columbia, October 15, 2020 - K92 Mining Inc. (“K92” or the “Company”)

(TSX-V: KNT; OTCQX: KNTNF) is pleased to announce that it has received conditional

approval from the Toronto Stock Exchange (“TSX”) to graduate from the TSX Venture Exchange

(“TSXV”) and list its common shares on the TSX.

John Lewins, K92 Chief Executive Officer and Director, stated, “Graduating to the TSX is a

significant milestone for K92 and our stakeholders. We believe that the listing is recognition of the

substantial growth and strong performance achieved to date. As we focus on executing our growth

strategy, this graduation to the TSX will also allow us to expand our investor audience, encourage

new investors and improve the liquidity of our shares.”

Final approval of the listing is subject to the Company fulfilling certain customary conditions

required by the TSX. The Company is confident it will be able to satisfy all requirements . K92

will issue a statement once the TSX confirms the date on which trading on the TSX will commence.

Upon completion of the final listing requirements, K92’s common shares will be delisted from the

TSXV and commence trading on the TSX under the symbol “KNT”.

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.

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 includes certain “forwar d-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

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that address future plans, activities, events, or developments that the Company bel ieves, 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 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 finan cing,

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 indus try, 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 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.