K92 Mining Provides Site Update

Suite 488 – 1090 West Georgia Street

Vancouver, British Columbia

Canada V6E 3V7

Telephone: (604) 687-7130

Facsimile: (604) 608-9110

NEWS RELEASE

September 15, 2017 Vancouver, British Columbia

K92 MINING INC.

K92 Mining Provides Site Update

K92 Mining Inc. (“K92”) reports that an extensive evaluation of underground vandalism reported

in August has revealed only minor damage to underground equipment and infrastructure.

Equipment damage onsite as described in the August 24, 2017 K92 News Release has been limited

to 2 off MT2010 low profile trucks, a small Loader/Telehandler and surface infrastructure with a

total estimated value of less than USD $1.4 million. The Compan y notes that with respect to the

damage to this equipment it is in the process of working with i ts insurer and taking appropriate

claim action based on these policies.

The Company has a third MT2010 low profile truck due to arrive in Papua New Guinea on

September 30th, while on site the Company has a Volvo 30 tonne ADT (Articulated Dump Truck)

which is designed to go underground to pick up mined material and two Komatsu 35 tonne ADT’s

that can tram on surface, so does not anticipate that trucking will be a significant hindrance to

operations. As noted all other equipment including the company’s LHD loaders and the drill rigs

are fully operational. The works hop and containers near the 800 portal were damaged, however,

the main workshop where K92 does all major work is at the plant site and was not affected.

K92 acknowledges the considerable work and goodwill relating to the upcoming restart of mining,

processing and drilling operations by the Mining Minister Johns on Tuke, the Mineral Resource

Authority under Managing Director Philip Samar, and representat ives of the Eastern Highlands

Provincial and Kainantu Local Governments and thanks them for their efforts.

K92 notes that a further 6 contai ners of concentrates containin g approximately 600 ozs of gold

have been shipped since the incident with payment under its offtake agreement expected by early

next week.

K92 Chief Executive Officer, John Lewins, states, “This isolated but unfortunate incident has

detracted attention from the si gnificant opportunity presented within this project to all

stakeholders. Fortunately the damage, while not insignificant, was minor in relation to the project

as a whole, and we look forwar d to recommencing operations. Ex ploration drilling to follow up

on the recently announced Kora Deposit extension discovery is ready to start and mine production

from onsite is targeted to recommence shortly. We will provide an operational update next week.”

K92 exploration manager Chris Muller, PGeo, a qualified person under the meaning of Canadian

National Instrument 43-101, has reviewed and is responsible for the technical content of this

news release. Data verification by Mr. Muller includes significant time onsite reviewing drill

core, surface exposures, underground workings and discussing work programs and results with

exploration personnel.

On behalf of the company

John Lewins

Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined

in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: Thi s

news release includes certain “forward-looking statements” under applicable Canadian securities

legislation. Forward-looking stat ements are necessarily based u pon a number of estimates and

assumptions that, while consider ed reasonable, are subject to k nown and unknown risks,

uncertainties, and other factors which may cause the actual res ults and future events to differ

materially from those expressed or implied by such forward-look ing 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 Project, expectations of future cash flows,

the proposed plant expansion, pote ntial expansion of resources and the generation of further

drilling results which may or may not occur. Forward-looking st atements and information

contained herein are based on certain factors and assumptions r egarding, among other things, the

market price of the Company’s securities, metal prices, exchang e rates, taxation, the estimation,

timing and amount of future exploration and development, capita l and operating costs, the

availability of financing, the r eceipt 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 mi ning industry, changes in national

and local government regulation of mining operations, and regul ations and other matters.. There

can be no assurance that such statements will prove to be accur ate, as actual results and future

events could differ materially from those anticipated in such s tatements. Accordingly, readers

should not place undue r eliance 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.