K92 Mining Announces Significant Improvement to Economics With Updated Kainantu Gold Mine Integrated Development Plan

Updated Integrated Development Plan (“IDP”) Highlights (effective date January 1, 2024):

VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce the results of its Updated Integrated Development Plan (“Updated IDP”) for its Kainantu Gold Mine Project (the “Kainantu Project”) in Papua New Guinea. The Updated IDP comprises two scenarios: 1) Kainantu Stage 3 Expansion Definitive Feasibility Study Case (“DFS” or “DFS Case”); and 2) Kainantu Stage 4 Expansion Preliminary Economic Assessment Case (“PEA” or “PEA Case”). The results of the Updated IDP will be set forth in an independent technical report prepared in accordance with National Instrument 43-101 - Standards for Disclosure of Mineral Projects (“NI 43-101”) within forty-five days from now.