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K92 MINING INC . BEST50 OTCQX 2021 Suite 488 1090 West Georgia Street Vancouver , British Columbia Canada V6E 3V7 Telephone : +1 ( 604 ) 687-7130 Facsimile : +1 ( 604 ) 608-9110 www.k92mining.com NEWS RELEASE K92 MINING RELEASES STRONG 2020 Q4 & ANNUAL FINANCIAL RESULTS - RECORD NET CASH , REVENUE & THROUGHPUT FOLLOWING COMMISSIONING OF STAGE 2 PLANT EXPANSION Vancouver , British Columbia , March 29 , 2021 - K92 Mining Inc. ( “ K92 ” or the “ Company ” ) ( TSX : KNT ; OTCQX : KNTNF ) is pleased to announce results from its financial statements for the three and twelve months ended December 31 , 2020 . Safety • • Strong safety record continues and one of the best safety records in the Australasia region since start of operations . Proactive and focused management of COVID - 19 . K92 continues to operate and has strong preventative and response plans . Production Fourth Quarter 2020 • • • Record quarterly tonnage of 68,932 tonnes treated , a 127 % increase from Q4 2019 . Record quarterly gold equivalent ( “ AuEq ” ) production of 29,820 oz , or 28,809 oz gold , 493,584 lbs copper and 10,395 oz silver , representing a 26 % AuEq increase from Q4 2019 ( ¹ ) . Cash costs of US $ 639 / oz gold and all - in sustaining costs ( " AISC " ) of US $ 768 / oz gold ounce ( 2 ) . Long hole stoping on both the K1 and K2 Veins has provided a notable positive impact on operational flexibility . Full Year 2020 ● Record annual tonnage of 230,365 tonnes treated , an 81 % increase from 2019 . . Record annual gold equivalent production of 98,872 oz or 95,109 oz gold , 1,853,078 lbs copper and 36,067 oz silver , representing a year - over - year AuEq increase of 20 % . Cash costs of US $ 651 / oz gold and AISC of US $ 782 / oz gold ounce . Financials Fourth Quarter 2020