K92 MINING POSTS Q2 RESULTS, DRIVES KAINANTU GROWTH, BOOSTS PNG ECONOMY

K92 Mining Ltd. (“K92”), the operator of the Kainantu Gold Mine in Eastern Highlands Province, reported strong second quarter (“Q2”) 2026 financial results on August 10, 2026, following its previously announced quarterly production of 46,093 ounces of gold equivalent (“AuEq”).

The quarter was highlighted by record financial results, multiple operational records
and significant progress across the Stage 3 Expansion.

The Company is proud to report the following in its Q2 2026 financial results:

PGK 240 million corporate tax instalment paid to the Government of Papua New
Guinea, being the second instalment for 2026

PGK 196 million in capital investment, primarily to advance the Stage 3 and Stage 4
Expansions

PGK 25 million spent on exploration activities, supporting near-mine and regional
growth

PGK 20 million in royalties paid and accrued

PGK 6 million in Mineral Resources Authority levies

PGK 204 million spent with local suppliers, supporting Papua New Guinean businesses
and strengthening the domestic economy

PGK 5 million invested in community programs, supporting health, education and
infrastructure

PGK 55 million spent on local joint venture contracts, helping create economic
opportunities and deliver lasting benefits for local communities.

These contributions reflect K92’s ongoing commitment to deliver lasting impact in our local communities and to Papua New Guinea through responsible resource development and strong partnerships with national and local stakeholders.

John Lewins, K92 Mining’s Chief Executive Officer, said, “We are very pleased to deliver another strong quarter, with continued operational progress and multiple records achieved across mine development, ore processed and total material mined.

The new state-of-the-art 1.2 million tonnes-per-annum Stage 3 Expansion process plant continued to perform strongly, delivering record throughput, with gold recoveries exceeding design and copper recoveries in line with expectations.

“We are also very proud of our continued contributions to Papua New Guinea, including our second corporate tax instalment of PGK 240 million, bringing our year-to-date corporate tax payments to PGK 527 million, alongside significant investment in capital projects, exploration, local procurement, employment and community programs. Our year-to-date corporate tax payments already exceed the total corporate tax we paid in 2025.

As Kainantu continues to grow, so too do the benefits delivered to our stakeholders, and we remain
focused on creating long-term value while supporting sustainable economic development in
Papua New Guinea.” CEO Lewins expressed.