KORE Provides a Corporate Update and Announces Proposed Share Consolidation
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TSXV - KORE
KORE PROVIDES A CORPORATE UPDATE
AND ANNOUNCES PROPOSED SHARE CONSOLIDATION
Vancouver, BC - August 19, 2025 – KORE Mining Ltd. (TSXV: KORE) (“KORE” or the “Company”) is pleased
to announce that the its Board of Directors has approved a consolidation of its issued and outstanding
common shares of the Company (the “ Common Shares”) on the basis of one (1) new Common Share for
every five (5) outstanding Common Shares (the “ Consolidation”). The Company believes that the
Consolidation will enhance its ability to pursue future financing opportunities. The Consolidation remains
subject to the Exchange approval.
As of today, the Company has 202,426,357 Common S hares issued and outstanding. After the
Consolidation, there will be approximately 40,485,271 Common Shares issued and outstanding (subject to
any differences due to rounding). No fractional Common Shares will be issued as a result of the
Consolidation. Any fractional share less than one -half of a Common Share will be cancelled, and any
fractional share equal to or greater than one -half will be rounded up to the nearest whole share . In
calculating such fractional interests, all Common Shares held by a beneficial holder shall be aggregated. No
cash consideration will be paid in respect of fractional shares. The exercise or conversion price and the
number of Common Shares issuable under any of the Company’s outstanding convertible securities will be
proportionately adjusted upon the Consolidation.
The Company does not intend to change its current name of “Kore Mining Ltd.” or its current trading symbol
of “KORE” in connection with the proposed Consolidation. The effective date and new ISIN assigned post-
Consolidation will be announced in a subsequent news release.
In addition, the Company announces that today the proposed non-brokered private placement announced
on November 1, 2024, and the proposed shares for debt transactions announced on March 29, 2024 and
approved at the Company’s annual general meeting held July 5, 2024, have been cancelled.
About KORE Mining
KORE Mining is focused on responsibly creating value from its portfolio of gold assets in California, USA.
The Company is advancing the Imperial project towards development while continuing to explore across
both district-scale gold assets.
Further information on Imperial and KORE can be found on the Company’s website at
www.koremining.com or by contacting us as [email protected] or by telephone at (888) 407-5450.
On behalf of KORE Mining Ltd.
“James Hynes”
Executive Chairman and CEO
(888) 407-5450
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Cautionary Statement Regarding Forward-Looking Information
This news release contains forward -looking statements relating to the future operations of the Company
and other statements that are not historical facts. Forward-looking statements are often identified by terms
such as "will", "may", "should", "anticipate", "expects", “intends”, “indicates” and similar expressions . All
statements other than statements of historical fact, included in this release, including, without limitation,
statements regarding the future plans and objectives of the Company are forward-looking statements.
Forward‐looking statements in this news release include, but are not limited to, statements with respect to,
among others: the timing regarding the resumption of trading of the Common Shares on the Exchange after
the reinstatement thereof, and the Consolidation generally. Such forward‐looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our current judgment regarding
the direction of our business . In connection with the forward‐looking information contained in this
presentation, the Company has made numerous assumptions, including, among others: that the Company
will receive all required approvals, including the approval of the Exchange for the Consolidation; that the
Company will be able to close the Consolidation as expected; that the Company will be able to complete the
Consolidation at all; that the Company will r eturn to trade w ithin the timing provided for under Exchange
polices; and other planning assumptions. While the Company considers these assumptions to be
reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Forward looking information involves known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements exp ressed or implied by the forward‐looking information .
Known risk factors include, among others: the Common Shares may not resume trading on the Exchange;
approval for the Consolidation will not be obtained from the Exchange; investor demand may weaken; th e
Consolidation will not complete at the time expected, or at all, or on the terms as set out in this news release;
the need to obtain additional financing; and uncertainty as to the availability and terms of future financing.
Forward-looking statements contained herein are made as of the date of this news release and the Company
disclaims any obligation to update any forward-looking statements, whether as a result of new information,
future events or results, except as may be required by applicable securities laws. There can be no assurance
that forward-looking information 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 information.