KORE Mining Ltd announced additional positive results from its on-going exploration of the Mesquite-Imperial-Picacho District on the Imperial Gold project, located 14 km southeast from Equinox Gold's operating Mesquite gold mine and 14 km from the historic Picacho gold mine. The ongoing exploration program is designed to further define the five named target areas and to discover new target areas on the 28-kilometer structural trend.

Discovered new target area called Acacia Zone with visible gold in several dry stream beds Highlights include:

Visible gold nuggets of up to 4 millimeters found at surface

0.62 gram per tonne ("g/t") gold in rock sample collected

Samples align with the highly prospective, regionally extensive, Copper Basin fault

Total of five named drill targets areas now defined including: Mesquite East, Ogilby, Powerline, Sandwich and the new Acacia zones

Defined multiple other untested anomalies with regional satellite alteration survey

Other exploration sampling yielded 57 anomalous gold samples in stream sediment and rock chips (>0.1 g/t) including:

1.42 g/t stream sediment sample at Ogilby Target

0.53 g/t stream sediment sample at Powerline Target

Further evidence that the 28-kilometer district from Mesquite-Imperial-Picacho District could host multiple gold discoveries similar in scale to Mesquite and Imperial

On-going exploration includes prospecting for new targets, detailed mapping and sampling to further define known targets and a pilot drilling program using person-portable drilling tool

The ongoing exploration program for H2 2021 includes targeted soil sampling, detailed geological mapping and a shallow pilot drilling program using person-portable equipment. Full-scale drill permitting at Ogilby and Mesquite East in ongoing with permits expected in H2 2022. See news release from August 20, 2021 for more details on Imperial drill permitting.

KORE owns 100% of the Mesquite-Imperial-Picacho District which consists approximately 31,000 acres of claims capturing the entire 28-kilometer trend from the operating Mesquite mine to the closed Picacho mine and including KORE's Imperial project.

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