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K92 Intersects High Grade Gold in Multiple Drill Holes at Irumafimpa

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/19/17 --

Intercepts include:

--  8.2m at 24.65 g/t AuEq plus 3.2m at 4.77 g/t AuEq in hole GCDD0074 
--  4m at 60.57 g/t AuEq, including 1m at 77.99 g/t AuEq and 1m @ 95.30 g/t
    AuEq, plus 0.3m at 14.49 g/t AuEq in hole GCDD0071 

- see Table 1 for full details on drill holes

K92 Mining Inc. ("K92") (TSX VENTURE:KNT)(OTCQB:KNTNF) is pleased to announce recent results from 11 diamond drill holes completed in the ongoing underground grade control drilling program at its high grade Kainantu Gold Mine.

A number of these latest results are particularly important as they show wide high grade intersections less than 20 metres from the drill cuddy.

Ian Stalker, K92 Chief Executive Officer and Director, states, "The latest grade control drilling results include some of the widest that we have seen to date at Irumafimpa, with 8.2 metres at 24.65 g/t AuEq recorded in hole GCDD0074 and 4 metres at 60.57 g/t AuEq recorded in hole GCDD0071. Importantly in both places these intersections commence less than 20 metres from the drill cuddy."

Table 1 and 2 below provides a summary of the results from eleven diamond grade control which have been drilled into stope areas. Table 1 provides a summary of the significant intercepts from the holes, while Table 2 provides details of collar location and hole orientation.

Table 1 Kainantu Gold Mine - Significant Intercepts from Irumafimpa Grade   
 Control                                                                    
                                                                            
----------------------------------------------------------------------------
                                       True                             Gold
              From      To Interval   width   Gold  Copper Silver equivalent
Hole_id        (m)     (m)      (m)     (m)    g/t       %    g/t        g/t
----------------------------------------------------------------------------
GCDD0062     36.94    41.9     4.96    3.12   5.96   0.090   4.15       6.14
----------------------------------------------------------------------------
 including    39.3    40.1      0.8     0.5  29.84   0.080    3.3      30.00
----------------------------------------------------------------------------
GCDD0063        39      47     8.00    4.48   4.25   0.644   4.59       5.23
----------------------------------------------------------------------------
 including      39      40     1.00    0.95   2.69   0.540   2.00       3.49
----------------------------------------------------------------------------
 including    42.1    42.3     0.20    0.19  35.76   0.040   1.00      35.83
----------------------------------------------------------------------------
 including    42.9   43.74     0.84    0.78   3.11   1.050   9.00       4.73
----------------------------------------------------------------------------
 including    45.9      47     1.10    1.04   5.11   0.400   5.00       5.75
----------------------------------------------------------------------------
GCDD0063        64   69.29     5.29    3.89   2.77   0.530  63.44       4.37
----------------------------------------------------------------------------
 including      64      65     1.00    0.95   2.61   0.600   4.00       3.52
----------------------------------------------------------------------------
 including    67.3      68     0.70    0.66   3.50   0.350 240.00       7.20
----------------------------------------------------------------------------
 including      68    68.8     0.80    0.76   2.95   0.610  65.00       4.69
----------------------------------------------------------------------------
 including    68.8   69.29     0.49    0.57   5.02   0.750  39.00       6.61
----------------------------------------------------------------------------
GCDD0064      32.2    36.9     4.70    2.64   2.39   0.600   0.85       3.26
----------------------------------------------------------------------------
 including    35.9    36.9     1.00    0.94   4.02   0.130   2.10       4.23
----------------------------------------------------------------------------
GCDD0065      15.5      16     0.50    0.46   2.84   0.290  13.20       3.43
----------------------------------------------------------------------------
GCDD0065      35.4      36     0.60    0.54  17.68   0.060   2.60      17.80
----------------------------------------------------------------------------
GCDD0065      42.2    42.7     0.50    0.45   3.23   0.020   0.50       3.27
----------------------------------------------------------------------------
GCDD0066        29    29.7     0.70    0.66   2.43   0.010   3.30       2.49
----------------------------------------------------------------------------
GCDD0066        72    74.1     2.10    1.97   3.55   0.100  16.86       3.92
----------------------------------------------------------------------------
 including      72      73     1.00    0.94   5.78   0.170  31.10       6.44
----------------------------------------------------------------------------
GCDD0067      72.2    72.6     0.40    0.35   7.97   0.077  19.40       8.34
----------------------------------------------------------------------------
GCDD0069     18.32    18.9     0.58    0.56   4.02   0.100  31.90       4.59
----------------------------------------------------------------------------
GCDD0069        48    48.3     0.30    0.27   6.55   0.019   3.80       6.63
----------------------------------------------------------------------------
GCDD0069      51.2    51.9     0.70    0.68   3.97   0.038   8.20       4.13
----------------------------------------------------------------------------
GCDD0070        65      66     1.00    0.95  10.24   0.020   0.20      10.27
----------------------------------------------------------------------------
GCDD0071       3.7     7.4     4.00    3.91  60.29   0.070  13.04      60.57
----------------------------------------------------------------------------
 including     3.4     4.2     0.80    0.78  10.65   0.057   6.00      10.81
----------------------------------------------------------------------------
 including     4.2     5.2     1.00    0.98  77.55   0.056  27.20      77.99
----------------------------------------------------------------------------
 including     5.2     6.4     1.20    1.17  49.96   0.112  11.20      50.27
----------------------------------------------------------------------------
 including     6.4     7.4     1.00    0.98  95.15   0.043   6.70      95.30
----------------------------------------------------------------------------
GCDD0071      11.4    11.7     0.30    0.29  14.22   0.106   8.90      14.49
----------------------------------------------------------------------------
GCDD0073         2     4.7     2.70    2.60   7.39   0.016   1.46       7.43
----------------------------------------------------------------------------
 including    3.75     4.7     0.95    0.93  16.45   0.020   3.30      16.52
----------------------------------------------------------------------------
GCDD0074       4.8      13     8.20    8.00  24.53   0.055   2.85      24.65
----------------------------------------------------------------------------
 including     4.8     5.3     0.50    0.49  42.26   0.017   2.40      42.32
----------------------------------------------------------------------------
 including     5.3     6.2     0.90    0.88  22.63   0.028   2.00      22.70
----------------------------------------------------------------------------
 including       7     7.5     0.50    0.49  74.14   0.070   2.70      74.28
----------------------------------------------------------------------------
 including     9.4     9.9     0.50    0.49 111.21   0.083  11.80     111.49
----------------------------------------------------------------------------
 including    10.9    11.2     0.30    0.29  35.88   0.293  24.20      36.62
----------------------------------------------------------------------------
 including      12      13     1.00    0.98  50.34   0.074   3.70      50.50
----------------------------------------------------------------------------
GCDD0074      14.5    17.7     3.20    3.00   4.52   0.150   2.67       4.77
----------------------------------------------------------------------------
 including    17.4    17.7     0.30    0.29  18.81   0.181   3.40      19.11
----------------------------------------------------------------------------
Notes                                                                       
Gold Equivalent uses Copper price - US$2.50/lb; Silver price US$16/oz and   
Gold price of US$1200/oz                                                    
                                                                            
Table 2 Kainantu Gold Mine - Collar Locations for Irumafimpa Grade Control  
 Drilling                                                                   
                                                                            
----------------------------------------------------------------------------
                                              Collar         EOH            
Hole_id          Collar location           orientation     depth    Lode    
----------------------------------------------------------------------------
               Local      Local                     Local                   
               north       East      mRL     Dip  azimuth    (m)            
----------------------------------------------------------------------------
GCDD0062    59726.33   29940.75  1260.74  -38.59   236.11   59.1 Irumafimpa 
----------------------------------------------------------------------------
GCDD0063    59742.42   29930.69  1218.32   13.65   282.49     70 Irumafimpa 
----------------------------------------------------------------------------
GCDD0064    59742.00   29930.79  1218.41   14.34   258.53   50.9 Irumafimpa 
----------------------------------------------------------------------------
GCDD0065    59741.97   29930.80  1216.92  -19.06   257.79   90.6 Irumafimpa 
----------------------------------------------------------------------------
GCDD0066    59742.61   29930.62  1216.93  -17.86   282.28   80.2 Irumafimpa 
----------------------------------------------------------------------------
GCDD0067    59742.60   29930.61  1217.01  -14.95   282.09   85.8 Irumafimpa 
----------------------------------------------------------------------------
GCDD0068    59740.61   29930.64  1218.27   10.93   235.52     50 Irumafimpa 
----------------------------------------------------------------------------
GCDD0069    59740.76   29930.79  1217.12  -13.41   236.40   84.4 Irumafimpa 
----------------------------------------------------------------------------
GCDD0070    59740.82   29930.80  1217.11  -13.54   235.80   73.7 Irumafimpa 
----------------------------------------------------------------------------
GCDD0071    59618.90   29884.65  1249.65  -14.33   142.98   40.1 Irumafimpa 
----------------------------------------------------------------------------
GCDD0072    59617.21   29890.61  1249.97  -10.43   122.77     37 Irumafimpa 
----------------------------------------------------------------------------
GCDD0073    59621.46   29886.23  1248.89  -19.63    96.84   41.6 Irumafimpa 
----------------------------------------------------------------------------
GCDD0074    59622.44   29885.05  1249.75  -12.78    75.03     40 Irumafimpa 
----------------------------------------------------------------------------

K92 Geology Manager, Andrew Kohler, P.Geo, 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.

On behalf of the company,

Ian Stalker, Chief Executive Officer and Director

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian 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 results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, production, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding potential ongoing production which may or may not occur and the generation of further production assessment work at deposits, which may or may not occur. While commercial production is targeted, there is no assurance it will be achieved. 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, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, 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 industry, changes in national and local government regulation of mining operations, 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.

Contacts:
K92 Mining Inc.
Ian Stalker
Chief Executive Officer and Director
(604) 687-7130
(604) 608-9110 (FAX)

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