K92 Mining Inc Grants Stock Options

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 GRANTS STOCK OPTIONS

Vancouver, British Columbia, August 17, 2020 - K92 Mining Inc . (“K92” or the “ Company”)

(TSX-V: KNT; OTCQX: KNTNF) announces the grant of 550,000 incentive stock options (the “Stock

Options”) to a director of the Company, under its incentive stock option plan (the “Plan”). The Stock

Options have an exercise price of $ 7.25 per share, expire five years from the date of grant, and will

vest periodically over the next 12 months in accordance with the Plan. The Stock Options are subject

to a trading hold period expiring four months plus one day from the date of grant.

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 n ews

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

economic analysis for the Kainantu Project , expectations of future cash f lows, 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 here in 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 financing, the receipt of regulatory approvals, assumptions contained in the PEA,

environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated,

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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 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 reli ance 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.