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K92 Mining (TSX-V: KNT) President Bryan Slusarchuk on Increased Resource at Kora North Gold Deposit: “This is a Wide, High-Grade Vein System with Superb Continuity”

March 1, 2018

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the President of K92 Mining (TSX-V: KNT)(OTC: KNTNF), Mr. Bryan Slusarchuk. Bryan, how are you this morning?

Bryan Slusarchuk: Doing very well, Gerardo. Thanks.

Gerardo Del Real: You had some good news today. You announced an updated resource estimate for Kora North. I'd love for you to fill in the details, because there's a lot of good stuff in there.

Bryan Slusarchuk Sounds good, Gerardo. If your listeners will remember, Kora North is the area that we discovered in May of 2017. Since that time we've really moved at light speed over there on site, not only declaring commercial production on the back of Kora North mining and processing from that area, but we've also continued to drill. We've drilled from two underground drill cuddies, announced an initial resource a couple of months back, and today announced a resource that not only increased grade over and above that initial resource quite nicely, but tripled the size of the resource in this Kora North area.

The goal on site is really twofold as far as the drilling goes. We have one drill that's dedicated to building up minable inventory in the Kora North area, and we've now got a second drill on site that will be testing a larger area, drilling some longer holes from underground setups, in an attempt to prove up the significant size potential that we see Kora being.

Remember, Kora proper is close to 2 million ounces in an inferred category at 10 grams plus per ounce, so high-grade ounces. The discovery of Kora North, the Kora extension, was made, as I mentioned, 500 meters along strike and 150 meters downdip from that known Kora resource. Now, we're building up tonnage in the Kora North area, but today's news represents a resource covering an area less than 5% of the target area that's going to be drilled over the next 12 months. So not only is this a production story and an expansion situation, but this is a real resource growth situation that's unfolding as we speak.

Gerardo Del Real: You've done this in a very short period of time, from commercial production, to the exploration success that you've had, to now this resource, which as you state is only 5% of the area that you'll be drilling this year. So congrats on that front, Bryan.

Bryan Slusarchuk: It's very exciting, Gerardo. John Lewins, the CEO of K92, noted in the press release today that K92 commenced grade control drilling and the mining of a bulk sample in this Kora North area in October of 2017. Just over four months later, we've announced the achievement of commercial production, we've defined a resource totaling 320,000 tons at 15.4 grams per ton, from these first two underground drill cuddies alone. That contains almost 160,000 ounces. Again, this is equivalent to less than 5% of the total area that we'll be drilling over the next 12 months. It's just a phenomenal start, and it really has moved quickly from discovery through to sampling, production, declaration of commercial production, and now the building of a high-grade resource that we're currently producing from the vicinity of as we talk.

Gerardo Del Real: I understand that drilling and production is ongoing.

Bryan Slusarchuk: That's right. We've got two drill rigs on site turning, we've got production ongoing, we've declared commercial production. I think you'll see another production update out in relatively short order. You've got the drill program. Again, focus number one, building up a minable inventory in this Kora North area. Two, longer holes are now starting to test the larger resource potential of this Kora environment, and of course you've got production growth. It's a production growth story, that's the backbone, but the real upside here is the expansion potential.

We believe Kora can be huge. Remember, this is not only high-grade, but it's already sizable. It's not only open in every direction, but it's strongly mineralized at the extent of all drilling, and the hit rate that we're getting in this Kora North area is just phenomenal. 95% plus of the holes are hitting. We're seeing a wide vein structure in this Kora North area, we're seeing obviously very high grade, but the continuity is just incredible. That's what you want to see when you're producing, and that's why we've been able to news release and describe some of these head grades that we've been getting, 20 grams plus in February as per our last news release. We've had some really phenomenal days. We put out news in January describing head grade of 80 grams plus over a 12 hour shift, and multiple consecutive days running at 40 grams plus. We're in a really special environment over there, and as the Kora story unfolds it just continues to get better and give us more and more confidence. Again, this is a wide, high-grade vein system, and continuity looks to be superb.

Gerardo Del Real: Fantastic. Bryan, thank you so much for the update. I appreciate your time today.

Bryan Slusarchuk: Thank you, Gerardo.

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