K92 Mining Appoints Nan H. Lee to The Board Of Directors

VANCOUVER, British Columbia, April 11, 2022 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce the appointment of Nan H. Lee to the Company’s Board of Directors.

Ms. Lee has over 30 years of experience as a mining and geo-environmental engineer, senior executive, and advisor in the mining industry for a range of jurisdictions in Canada. She brings extensive expertise as an operational mine engineer for both underground and open pits, experience with project management, economic studies, environmental assessments, strategic planning, and engagement and consultation with indigenous communities and regulatory agencies.

Ms. Lee’s experience in the mining industry is highlighted by her comprehensive work in the uranium sector, including 15 years as an independent consultant leading the preparation of environmental assessment and approval processes for several uranium projects in Canada, and managing preliminary feasibility studies for tailings management facilities for uranium operations in Saskatchewan and a greenfield uranium mine development proposal in Nunavut.

From 2011 to 2017, Ms. Lee was with UEX Corporation as VP of Project Development, providing strategic direction for development of projects and evaluations for potential acquisitions, in addition to managing economics studies on several projects.

Ms. Lee also has extensive board governance experience in the non-profit sector and is an active community volunteer.

She holds a P.Eng. designation in the province of Saskatchewan, an M.Sc. in Geo-environmental Engineering from the University of Saskatchewan, and a B.Eng. in Mining from McGill University.

“We are delighted to welcome Nan Lee to our Board and look forward to the significant contributions that her strong mining engineering, environmental engineering, permitting, community relations and ESG experience will bring to meeting the Company’s strategic objectives,” said Tookie Angus, K92’s Chairman. “The addition of Ms. Lee will certainly complement the strength, diversity and talent of our Board.”

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA at +1-604-416-4445

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, 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 financing, the receipt of regulatory approvals, assumptions contained in the preliminary economic assessment, 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 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.