KORE Announces Private Placement and Corporate Update

(TheNewswire)

Vancouver, BC – October 20, 2025 – TheNewswire - KOREMining Ltd. (TSXV: KORE) (“ KORE ” or the “ Company ”) is pleased announce a non-brokered privateplacement (the “ Offering ”).

The Company intents to raise gross proceeds of up toC$4 million through the issuance of up to 33,333,333 units of theCompany (“ Units ” and each, a “ Unit ”) at a price of C$0.12 per Unit. EachUnit will consist of one common share of the Company (each, a“ Share ”) and one transferable common share purchase warrant(each, a “ Warrant ”). Each Warrant will entitle theholder to acquire one additional common share of the Company at aprice of $0.16 for a period of 36 months from the date ofissuance.

The Offering is expected to close in one or moretranches in early November and is subject to certain conditions,including, but not limited to, the receipt of all necessary approvalsincluding the approval of the TSX Venture Exchange (the“ TSX-V ”).

The net proceeds of the Private Placement will be usedto advance permitting and exploration of its wholly owned developmentproperties in California, and for working capital and generalcorporate purposes.

All securities issued under this Offering will besubject to a statutory hold period of four months and one day from theapplicable closing date, in accordance with applicable Canadiansecurities laws. The Company may, in its discretion, pay finder’sfees in cash and/or Warrants to eligible arm’s-length parties inconnection with the Offering, as permitted by applicable laws andTSX-V policies.

Insiders of the Company may participate in theOffering. Any such participation would constitute a “related partytransaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders inSpecial Transactions (“MI 61-101”). TheCompany expects that any insider participation will be exempt from theformal valuation and minority shareholder approval requirements of MI61-101 as the fair market value of the securities subscribed for willnot exceed 25% of the Company’s market capitalization.

In the event of the creation of a new Control Person,the Company will seek for shareholder approval for this suchevent.

The securities described herein have not been, and willnot be, registered under the United States Securities Act of 1933, asamended (the "1933 Act"), or any state securities laws, andaccordingly, may not be offered or sold within the United Statesexcept in compliance with the registration requirements of the 1933Act and applicable state securities requirements or pursuant toexemptions therefrom. This news release shall not constitute an offerto sell or the solicitation of an offer to buy nor shall there be anysale of the securities in the United States or in any otherjurisdiction in which such offer, solicitation or sale would beunlawful.

Change of management

The Company also announces that Mr. Jay Sujir hasresigned from the Board of Directors, effective October 17, 2025. Mr.Sujir will continue to serve the Company in an advisorycapacity.

The Board of Directors wishes to thank Mr. Sujir forhis dedication and valuable contributions over the nearly four yearshe has served as a director and looks forward to his continuedinvolvement with the Company in his new role as an advisor.

About KORE Mining

KORE Mining is focused on responsibly creating valuefrom its portfolio of gold assets in California, USA. The Company isadvancing the Imperial project towards development while continuing toexplore across both district-scale gold assets.

Further information on Imperialand KORE can be found on the Company’s website at www.koremining.com or bycontacting us as info@koremining.com or bytelephone at (888) 407-5450.

On behalf of KORE Mining Ltd.

“ JamesHynes”

Executive Chairman and CEO

(888) 407-5450

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

Cautionary StatementRegarding Forward-Looking Information

This news release containsforward-looking statements relating to the future operations of theCompany and other statements that are not historical facts. Forward-looking statements are often identified by terms such as"will", "may", "should","anticipate", "expects", “intends”,“indicates” and similar expressions.  All statements other thanstatements of historical fact included in this news release,including, without limitation, statements regarding the anticipatedreinstatement of trading of the Company’s common shares on the TSXVenture Exchange (the “TSXV”), the Company’s intention tocomplete a non-brokered private placement and the expected use ofproceeds therefrom, the Company’s plans to address its workingcapital deficiency, the completion or outcome of the consolidation ofthe Company’s common shares, and the outcome of negotiations withKarus Gold Corp. regarding the related party loan, are forward-lookingstatements.

Forward?looking statements in thisnews release include, but are not limited to, statements with respectto, among others: the timing regarding the resumption of trading ofthe Company’s common shares on the Exchange after the reinstatementthereof; the anticipated terms, timing, completion and success of thenon-brokered private placement; the Company’s ability to strengthenits financial position and address its working capital deficiency; theanticipated effects of the consolidation of the Company’s commonshares and whether such consolidation will be completed as planned;and the evaluation of other strategic opportunities to improve thebalance sheet. Such forward?looking statements, and any assumptionsupon which they are based, are made in good faith and reflect ourcurrent judgment regarding the direction of our business.  Inconnection with the forward?looking information contained in thispresentation, the Company has made numerous assumptions, including,among others: that the Company will receive all required approvals,including the approval of the Exchange for the reinstatement and theConsolidation; that the Company will return to trade within the timingprovided for under Exchange polices and will be able to close theConsolidation as expected; that the Company will be able to completethe Consolidation at all; and other planning assumptions.  While theCompany considers these assumptions to be reasonable, theseassumptions are inherently subject to significant uncertainties andcontingencies.

Forward looking information involvesknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto be materially different from any future results, performance orachievements expressed or implied by the forward?lookinginformation.  Known risk factors include, among others: theCompany’s common shares may not resume trading on the Exchange;investor demand may weaken; the need to obtain additional financing;and uncertainty as to the availability and terms of future financing.

Forward-looking statements containedherein are made as of the date of this news release and the Companydisclaims any obligation to update any forward-looking statements,whether as a result of new information, future events or results,except as may be required by applicable securities laws.  There canbe no assurance that forward-looking information will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements.  Accordingly, readersshould not place undue reliance on forward-looking information.

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