K92 Mining Reports Surface Contractor Fatality
Suite 488 - 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: +1 (604) 416-4445
Facsimile: +1 (604) 608-9110
www.k92mining.com
NEWS RELEASE
K92 MINING REPORTS SURFACE CONTRACTOR FATALITY
Vancouver, British Columbia, February 6, 2026 - K92 Mining Inc. (“K 92” or the “Company”)
(TSX: KNT; OTCQB: KNTNF) deeply regrets to report that on February 3, 2026, a contractor
supporting roadwork activities near the Kumian Creek Contractor Camp, located approximately
1.5 km NE of the process plant and 8 km NE of the underground mine , suffered a fatal injury
following an isolated incident on surface.
K92 Mining’s Emergency Services responded immediately to the incident, and the appropriate
authorities were notified. A comprehensive investigation is underway by the contractor and
relevant authorities, with full support from K92. K92 has temporarily paused this contractor’s
activities at site to facilitate this process. K92 is working closely with its contractors and employees
to provide the necessary support and counselling during this extremely challenging time. Safety
and adherence to industry best practices remain K92’s highest priorities.
Underground mining and processing activities have not been impacted, and minimal impact is
expected to project construction timelines.
John Lewins, K92 Chief Executive Officer and Director, stated, “On behalf of K92 Mining, we
are deeply saddened by this incident and we extend our heartfelt sympathies and sincere
condolences to the family, friends, and colleagues of the deceased during this extremely difficult
time.”
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine
in the Eastern Highlands province of Papua New Guinea, as well as exploration and development
of mineral deposits in the immediate vicinity of the mine. The Company declared commercial
production from Kainantu in February 2018, is in a strong financial position, and is working to
become a Tier 1 mid-tier producer through ongoing plant expansions. A maiden resource estimate
on the Blue Lake copper -gold porphyry project was completed in August 2022. K92 is operated
by a team of mining company professionals with extensive international mine -building and
operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
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For further information, please contact David Medilek, P.Eng., CFA, President and Chief
Operating Officer at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news
release includes certain “forward -looking statements” under applicable Canadian securities legislation.
Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive
Feasibility Study, including the Stage 3 Expansion, a new standalone 1.2 million tonnes-per-annum process
plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development
of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger
surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.
All statements in this news release that address events or developments that we expect to occur in the future
are forward-looking statements. Forward-looking statements are statements that are not historical facts
and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”,
“project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe”
and similar expressions or their negative connotations, or that events or conditions “will”, “would”,
“may”, “could”, “should” or “might” occur. All such forward -looking statements are based on the
opinions and estimates of management as of the date such statements are made. Forward -looking
statements are necessarily based on estimates and assumption s that are inherently subject to known and
unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may
cause our actual results, level of activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Such factors include, without limitation, Public
Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and
other metals in the world markets; fluctuations in the price and availability of infrastructure and energy
and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common
shares; inherent risks associated with the mining industry, including problems r elated to weather and
climate in remote areas in which certain of the Company’s operations are located; failure to achieve
production, cost and other estimates; risks and uncertainties associated with exploration and development;
uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may
never be converted into mineral reserves; the Company’s ability to carry on current and future operations,
including development and exploration activities at the Arakompa, Kor a, Judd and other projects; the
timing, extent, duration and economic viability of such operations, including any mineral resources or
reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and
assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability
and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion;
the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and
copper; failures of information systems or information security threats; political, economic and other risks
associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the
conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to
which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable
terms when required; the cur rent and future social, economic and political conditions, including
relationship with the communities in Papua New Guinea and other jurisdictions it operates; other
assumptions and factors generally associated with the mining industry; and the risks, unce rtainties and
other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward -looking statements because they constitute projections,
based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in
the future and/or the anticipated economics of production. The estimation of mineral resources and mineral
reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral
resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any
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such estimates is a function of the quantity and quality of available data, and of the assumptions made and
judgments used in engineering and geological interpretation, Forward -looking statements are not a
guarantee of future performance, and actual result s and future events could materially differ from those
anticipated in such statements. Although we have attempted to identify important factors that could cause
actual results to differ materially from those contained in the forward -looking statements, the re may be
other factors that cause actual results to differ materially from those that are anticipated, estimated, or
intended. 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.