K92 Mining to Graduate to TSX

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 TO GRADUATE TO TSX

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

“Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce that it has received final

approval for the listing of its common shares (the “Common Shares”) on the Toronto Stock

Exchange (the “TSX”).

The Common Shares will commence trading on the TSX effective as of the open of the market on

December 9, 2020. Upon listing on the TSX, the Common Shares will continue to trade under the

symbol “KNT”.

In conjunction with listing on the TSX, the Common Shares will be voluntarily delisted from the

TSX Venture Exchange effective at the commencement of trading on the TSX.

“This listing on the TSX represents another significant milestone for K92 and its shareholders as

we continue with our successful growth story at the Kainantu Mine,” stated John Lewins, Chief

Executive Officer and Director of K92. “The TSX is Canada’s premi er stock exchange and this

move is reflective of the Company's progress and potential. The TSX listing will increase the

Company’s visibility, providing access to a broader range of institutional investors and capital

markets."

About K92

K92 Mining Inc. is engaged in the production of gold, copper and silver from the Kora deposit 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 and is in a strong

financial position. 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

For further information, please contact David Medilek, P.Eng., CFA at +1-604-687-7130.

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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 news

release includes certain “forward -looking statements” under applicable Canadia n 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 res ults 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 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 and amount

of future exploration and development, capital and operating costs, the availability of fina ncing,

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 coverage and other risks of the mining indu stry, 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.