K92 Reports on Warrant Exercises and Warrant Expiration

Suite 488 – 1090 West Georgia Street

Vancouver, British Columbia

Canada V6E 3V7

Telephone: (604) 687-7130

Facsimile: (604) 608-9110

NEWS RELEASE

November 21, 2017 Vancouver, British Columbia

K92 MINING INC.

K92 Reports on Warrant Exercises and Warrant Expiration

• more than $2 million in warrant exercises completed during past 10 days

• all warrants exercisable at $0.50 have now been exercised or have expired

K92 Mining Inc. (“K92”) is pleas ed to report it has received wa rrant exercises with a value in

excess of $2 million during the past 10 days.

As at May 20, 2016, K92 had 22,13 6,890 warrants exercisable at $0.50 outstanding. The last of

these warrants expired on November 20, 2017.

Prior to the expiration date, a cumulative total of 16,437,048 warrants were exercised for total

proceeds to K92 of $8,218,524. This cumulative total includes i n excess of more than $2 million

exercised during the last 10 days (all funds in CAD).

During the past month, K92 has reported on continued progress a t its Kainantu Gold-Copper

project located in Papua New Guinea and has issued updates on p roduction, exploration and

expansion. Mining and processing operations are ongoing and two drill rigs are currently operating

from underground set-ups with a third more powerful drill rig h aving recently arrived on site and

currently being commissioned.

On Behalf of the Company

John Lewins

Chief Executive Officer and Director

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: Thi s

news release includes certain "forward-looking statements" unde r 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.