K92 Mining Announces the Death of Chairman, R. Stuart “Tookie” Angus

VANCOUVER, British Columbia, March 27, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces with profound sadness the death of our Chairman, fellow director and friend, R. Stuart “Tookie” Angus. A deeply respected business advisor to the mining industry, an admired leader and a mentor to many, he had been Chairman of the Company since its inception and its acquisition of the Kainantu Project in 2014.

Considered a giant of the mining industry, for over 40 years, Tookie brought a tremendous passion to everything he did, including structuring, financing and advising on many significant business ventures. His extensive legal and mining career included leading Fasken’s Global Mining Group and serving as Managing Director of Mergers and Acquisitions for Endeavour Financial. He was also previously Chairman of the Board of BC Sugar Refinery Limited, a director of First Quantum Minerals Ltd., a director of Canico Resource Corp. until its takeover by Brazil’s CVRD in 2005, a director of Bema Gold Corp. until its takeover by Kinross Gold Corporation in 2007, a director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011, and a director of Plutonic Power Corporation until its merger with Magma Energy Corp. in 2011. He resigned as Chair of Nevsun Resources Ltd. following its acquisition of Reservoir Minerals in 2017. In addition to being the Chair of K92, Tookie was also Chair of Sun Summit Minerals Corp. and Kenadyr Mining Corp.

Tookie also had a strong passion for philanthropy and for helping others, as both a donor and a mentor.

John Lewins, K92 Chief Executive Officer and Director, stated, “It has been a privilege for myself and our team to work with Tookie and benefit from his business expertise and wise counsel. We mourn his loss and extend our deepest condolences and heartfelt prayers to his family.

Tookie was a man of great integrity and honour, and was an integral part of the success of K92. Within the Company, Tookie was known for being a commensurate team player with deeply respected business acumen, creativity and strategic thinking skills, and also for his excellent sense of humour and charm. He will be missed and long remembered by us all.”

The Company will continue to be supported by the directors, led by Anne Giardini, KC, Lead Director.

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, is in a strong financial position. A maiden resource estimate on the Blue Lake 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.