K92 Mining Announces Election of Michael Carew to the Board of Directors

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VANCOUVER, British Columbia, May 29, 2026 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that Michael Carew was elected to the Company’s Board of Directors at the Company’s annual general meeting of shareholders held earlier today.

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Dr. Carew is a geologist with over 25 years of corporate, technical and capital markets experience in the mining industry. He brings both regional and near-mine mineral exploration experience gained through roles with several major and junior mining and exploration companies, including BHP Billiton Limited, Mount Isa Mines Limited and Ivanhoe Mines Ltd. He has worked on a variety of uranium, base and precious metal ore deposits across Australia, North America and Asia.

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Since August 2020, Dr. Carew has worked as a consultant in a variety of executive and non-executive roles, including serving as Vice President, Corporate Development for Papua New Guinea explorer Great Pacific Gold Corp. from November 2024 to May 2026. He has also advised on the due diligence of exploration projects at various stages of development and held senior corporate development and executive roles with several junior resource companies.

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From 2013 to 2020, Dr. Carew was a Mining Research Analyst at Haywood Securities Inc., where he evaluated companies and projects ranging from early and advanced stage exploration, resource and development to production.

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Dr. Carew currently serves as a Director and Audit Committee member of Military Metals Corp. (CSE) and CEO of Walhalla Gold Corp (CSE) and will join K92’s Audit Committee and Health and Safety Committee.

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He holds a BSc (Hons) from Monash University, Melbourne, and a PhD in Economic Geology from James Cook University, Australia.

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John Lewins, K92 Chief Executive Officer and Director, stated, “Dr. Carew brings a strong combination of technical, exploration, capital markets and corporate development expertise to the K92 Board. His extensive experience evaluating mining and exploration projects, and working in Papua New Guinea and across the broader mining industry will provide valuable insight as K92 continues to execute on its growth strategy. We are delighted to welcome Mick to the Board and look forward to his contributions.”

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About K92

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K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.

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On Behalf of the Company,

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John Lewins, Chief Executive Officer and Director

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For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) statements regarding the expansion of the mine and development of any of the deposits; (ii) the Kainantu Stage 4 Expansion; and (iii) the potential extended life of the Kainantu Mine.