K92 Mining produces 46,743 oz AuEq in Q1

VANCOUVER, British Columbia, April 13, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF) is pleased to announce production results for the first quarter (“ Q1 ”) of 2026 from its Kainantu Gold Mine in Papua New Guinea. Q1 2026 Production Results Strong quarterly production of 46,743 ounces gold equivalent (“AuEq”) ( 1) or 44,022 oz gold, 1,696,714 lbs copper and 38,845 oz silver (Figure 1), in line with budget. Quarterly sales of 44,854 oz gold, 1,874,270 lbs copper and 41,467 oz silver.

The Company reiterates its 2026 annual production guidance (see January 26, 2026 press release) of 190,000 to 225,000 oz AuEq with production expected to be strongest in H2 2026, driven by the progressive ramp-up in ore tonnes mined and processed from two new mining fronts and the completion of key expansion enabler projects (see “Stage 3 Expansion” below). Quarterly ore processed of 142,017 tonnes (Figure 2), a 37% increase from Q1 2025, with a head grade of 10.9 grams per tonne (“g/t”) AuEq, or 10.2 g/t gold, 0.6% copper and 11 g/t silver, with a positive gold and copper grade reconciliation versus the latest independent mineral resource estimate (September 12, 2023 effective date for Kora and Judd). Strong metallurgical recoveries in Q1 of 95.1% for gold and 94.0% for copper (Figure 3), exceeding the updated definitive feasibility study (“Updated DFS”) recovery parameters for gold (92.6%) and performing in line for copper (94.2%) (January 1, 2024 effective date).

The new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant has continued to perform well since the commencement and completion of commissioning in September and December 2025, respectively. Record quarterly mine development of 3,007 metres (a 21% increase from Q1 2025), which included a new monthly development record of 1,067 metres achieved in March 2026, supported by the completion of a number of infrastructure and operational improvement initiatives in H2 2025