K92 Mining Inc Appoints Anne Giardini to the Board of Directors

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 APPOINTS ANNE GIARDINI TO THE BOARD OF DIRECTORS

Vancouver, British Columbia, July 16, 2020 - K92 Mining Inc . (“K92” or the “ Company”)

(TSX-V: KNT; OTCQX: KNTNF) is pleased to announce the appointment of Anne Giardini to

the Company’s Board of Directors.

Ms. Giardini, QC, has over 30 years of experience as a lawyer, senior executive and director. She

brings extensive expertise in the area s of strategy, governance, public reporting, financings,

mergers and acquisitions, aboriginal affairs, safety and environment, government relations,

litigation, and employment and labour matters.

Ms. Giardini’s extensive board experience includes, in the mining sector, having served on the

boards of Nevsun Resources Ltd. and Thompson Creek Metals Company Inc.

She is recognized for expertise on natural resource development, public and government relations,

safety, risk and brand management, and manufacturing.

Ms. Giardini holds an L.L.M. from Trinity Hall, University of Cambridge, an L.L.B. from the

University of British Columbia, and a B.A. from Simon Fraser University.

“Having had the pleasure of working together with Anne Giardini previously, we are extrem ely

delighted to welcome her to our Board,” said Tookie Angus, K92’s Chairman. “The addition of

Anne will certainly complement the strength, diversity and talent of our Board. We look forward

to the contributions that her strong mining industry, law, governance, government and community

relations and business experience will bring to meeting the Company’s strategic objectives.”

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 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 regarding

the realization of the preliminary economi c 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 an d amount

of future 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, accide nts, 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 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.