K92 Mining Announces Executive Promotions of David Medilek to President & Chief Operating Officer and Chris Kinver to Vice President Projects & Engineering - Seite 2

The promotion of David Medilek and Chris Kinver are part of an organizational restructure which is designed to enhance the operational, technical and project execution capacity of the Company. This has already seen Peter du Plessis promoted from General Manager to Executive General Manager of the Kainantu operation and Fergus Hart appointed as General Manager of the Kainantu Gold Mine. In their new roles David and Chris will report directly to the Chief Executive Officer.

The Company is also announcing the departure of Mr. Warren Uyen as Chief Operating Officer. We thank Warren for his contributions over the past 5 years, particularly during the COVID-19 pandemic environment where the Kainantu Gold Mine not only continuously operated during this period but also delivered significant growth. We wish him well in his future endeavors.

John Lewins, K92 Chief Executive Officer and Director, stated, “Over the past several years, David and Chris have made considerable contributions to the success of the Company. They have demonstrated a strong commitment to the business, resourcefulness, plus a high level of capacity and potential to assume greater levels of responsibility. Congratulations David and Chris on your promotions – we look forward to your continued contributions.

These promotions are part of several steps the Company has taken in its progression to become a Tier 1 mid-tier producer with the commissioning of the Stage 3 Expansion scheduled to commence by the end of Q1 2025. At the Kainantu Gold Mine, the team has been notably strengthened, including the creation of a second level of General Manager in Q3 2023, with the appointment of Fergus Hart as General Manager and Peter Du Plessis being promoted from General Manager to Executive General Manager. Corporately, K92 established a regional office in Q2 2023 in Brisbane providing support for the operation in multiple areas.

We see a very exciting period ahead for the Company and look forward to the continued contribution to the success of K92 by David and Chris in their expanded roles.

I would also like to record my thanks, and that of the Company, to Warren Uyen for his contributions to the success of the K92 over the last five years and wish him all the very best for the future."
        
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About K92

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 and is in a strong financial position. 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.