K92 Mining produces 46,093 oz AuEq in Q2 with record quarterly lateral development

VANCOUVER, British Columbia, July 08, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF) is pleased to announce production results for the second quarter (“ Q2 ”) of 2026 from its Kainantu Gold Mine in Papua New Guinea. Q2 2026 Production Results Strong quarterly production of 46,093 ounces gold equivalent (“AuEq”) ( 1) or 42,931 oz gold, 1,780,506 lbs copper and 50,109 oz silver (Figure 1), and quarterly sales of 46,682 oz gold, 1,811,181 lbs copper and 49,004 oz silver. Production is expected to be strongest in the second half of the year, driven by the progressive ramp-up in ore tonnes delivered from two new mining fronts and the completion of key expansion enabler projects (see “Stage 3 Expansion” below).

The Company reiterates its annual production guidance (see January 26, 2026 press release) of 190,000 to 225,000 oz AuEq. Record quarterly ore processed of 225,965 tonnes (Figure 2), a 73% increase from Q2 2025 and 59% increase from Q1 2026, with a head grade of 6.7 grams per tonne (“g/t”) AuEq, or 6.2 g/t gold, 0.4% copper and 8.9 g/t silver, with a moderate positive gold grade reconciliation compared to the latest independent mineral resource estimate (September 12, 2023 effective date for Kora and Judd). Strong metallurgical recoveries in Q2 of 93.8% for gold and 93.2% for copper (Figure 3), exceeding the updated definitive feasibility study (“Updated DFS”) recovery parameter for gold of 92.6% for the 9 th consecutive quarter (January 1, 2024 effective date).

The new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant has continued to perform well since completion of commissioning in December 2025. Record quarterly mine deve