IMPERIAL GOLD PROJECT

KORE’s 100% owned Imperial Project is located in California within nine miles of the Mesquite mine (owned by Equinox Gold). The recent preliminary economic assessment demonstrated Imperial has the potential to be a simple run-of-mine heap leach gold project with positive project economics. KORE’s next steps are to bring the PEA mine plan into permitting and explore the Mesquite-Picacho District to make new discoveries and grow the resource base.

The Imperial Gold Project Preliminary Assessment Technical Report (effective April 6, 2020, as revised and amended June 7, 2021) is available by clicking**here**.

IMPERIAL PROJECT PEA – LEARN MORE

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PRIMARY RESOURCE PRESENT AT IMPERIAL:

Imperial is a large, near surface oxide gold deposit with potential for open pit (“OP”) mining and cyanide heap leaching (“HL”). The proposed project concept is similar to other mines in the area, namely the closed Picacho Mine and operating Mesquite Mine. Heap leach processing has lower water, air, environmental and biological impact than milling operations.

Being far-removed from communities and subsided in local topography, the impact on viewscapes is limited to the immediate project area. KORE’s mine and reclamation plan will address current Federal, State and County regulations and meets California reclamation requirements, including backfilling.

Glamis Gold, Inc. (“Glamis”) prepared a Feasibility Study in April 1996 that contemplated a run-of-mine (“ROM”) operation*** and submitted an environmental impact study/report (EIS/EIR) to regulators.

Note:Historic studies should not be relied upon by investors. Such studies were done prior to the implementation of the current NI 43-101 guidelines and information contained in any historical study is not being treated as current information. KORE does not consider the historic production or economic realization of Picacho or Mesquite as indicative of mineralization at Imperial or the economics of any such mineralization

TECHNICAL INFORMATION

Property Description & Location

History

The project was explored by Gold Fields Mining Corp and Glamis Gold primarily through drilling between 1987 and 1996. A total of 349 reverse circulation (“RC”) drill holes totalling approximately 195,060 ft, and nine core holes totaling approximately 4,900 ft, were drilled.

1980: Goldfields Mining Corp. began regional-scale exploration in search of heap-leachable deposits similar to their discovery at Mesquite.

1981-1985: Exploration concentrated on the Imperial area based on anomalous drainage geochemistry, geophysical signatures, and outcropping mineralization at the Singer and Anna M prospects.

1986: Exploratory drilling intersected mineralization at the East and West areas (e.g. K-77 27.4 m at 1.12 g/t Au).

1987: Imperial County JV formed between Goldfields, Glamis Gold, and Amir Mines Inc.

1987-1992: Deposit was expanded through continued RC drilling. By 1992, 169 RC holes totalling 21,805 m were drilled.

1994: Glamis Gold acquired 100% of the property.

1994-1996: Resource development drilling was initiated. A total of 29,147 m in 127 holes were completed. Metallurgical testing, engineering, environmental, and archeological studies were also completed.

1996: A feasibility study was completed in April, 1996.

1996-2000: An environmental impact report/study was published by Glamis Gold and Glamis pursued a permit to operate. Gold price decline and political opposition stalled the project generating litigation which continued though 2007. Glamis was taken over by GoldCorp.

2012: GoldCorp optioned to Delta Gold. An NI 43-101 compliant preliminary economic assessment report was completed in October, 2012**. The accompanying resource estimate was based on 349 holes totalling 59,450 metres. Historic mineral resources and economic analyses are not supported by a KORE NI 43-101 technical report and should not be relied upon.

2013: The optioned project was returned to Goldcorp in a recessionary gold price environment in 2013.

2017: KORE Mining Ltd. acquires 100% of the Imperial project from Goldcorp Inc.

2019: KORE attracts investment from Macquarie Bank and re-starts work on the project. KORE stakes 1007 new claims around Imperial, acquiring all the exploration ground between the Mesquite (operating) and Picacho (closed) gold mines.

2020: The company published a robust PEA (more information here) and has commenced the permitting process to advance the project. KORE has also started exploring to expand the current resource and a district scale exploration program.

Note: Historic studies should not be relied upon by investors. Such studies were done prior to the implementation of the current NI 43-101 guidelines and information contained in any historical study is not being treated as current information