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KNT.TO ·

K92 Mining Inc. Announces Results of Agm

Shareholder Meetings

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 INC. ANNOUNCES RESULTS OF AGM

Vancouver, British Columbia, July 8, 2020 - K92 Mining Inc . (“K92” or the “ Company”)

(TSX-V: KNT; OTCQX: KNTNF) is pleased to announce results of its Annual General and

Special Meeting of Shareholders (“AGM”) held on July 8, 2020 in Vancouver, Canada.

Shareholders voted in favour of all items proposed by the Board of Directors and management.

All seven of the individuals nominated as directors were re-elected. Shareholders also voted in

favour of (i) appointing PricewaterhouseCoopers LLP as auditor of the Company for the ensuing

year and authorizing directors to fix auditor ’s remuneration; and (ii) approving and ratifying the

Stock Option Plan.

The Board of Directors consists of:

R. Stuart (Tookie) Angus – Chair,

John Lewins,

Mark Eaton,

Saurabh Handa,

Cyndi Laval,

Ian Stalker, and

Graham Wheelock.

K92 officers re-appointed following the AGM are: John Lewins, Chief Executive Officer ; Justin

Blanchet, Chief Financial Officer; Warren Uyen, Senior Vice President Operations; Chris Muller,

Vice President Exploration; David Medilek, Vice President Business Development and Investor

Relations, and; Nancy La Couvée, Corporate Secretary

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.

2

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 su ch 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 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 her ein 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 opera ting 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 coverag e and other risks of the mining industry, 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 n o

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.