KORE Mining Ltd. announced the 2023 exploration plan for the Long Valley gold and silver project (?Project?). The plan includes drill testing the higher priority shallow oxide resource growth targets as well as the underlying high-grade sulphide feeder structure targets. All permitting completed and reclamation cost has been pre-paid to the USFS to return site to natural state.

Approved plan of operation with USFS to drill up to 36 core holes from 12 drill pads. Drill test higher priority shallow oxide resource expansion and untested underlying sulphide. ?feeder structures?

targets - minimum 3,000 meter program for Phase 1 drilling. Feeder structure drilling designed to drill below high grade historic drill holes that ended in mineralization (examples: LV96-260 2.65 g/t gold over 250 feet ending in 4.32 g/t gold and LV96-248 2.63 g/t gold over 225 feet ending in 2.41 g/t gold). Potential to expand drilling to 15,000 meters, if warranted.

Further mapping and geochemical sampling on new structural targets. The company is currently exploring strategic financing options to fund the planned activities at Long Valley. KORE's team has worked closely with the USFS to avoid cultural impacts and mitigate other potential Program impacts.

The Program utilizes modern technology and existing road infrastructure to minimize disturbances. KORE will complete pre-disturbance cultural surveys, remove 100% of all drill cuttings, have zero water or waste discharge and intensively remediate all sites post-work. There will be no long-term impact from the Program and no permanent installations will be left behind.

The USFS thus granted KORE a categorical exclusion from the National Environmental Protection Act for the Program's plan of operations. The Company has identified opportunities to expand the shallow oxide mineralization in all directions, further growth by making new discoveries along separate parallel structures and further yet on additional yet unrecognized mineralized structures on the district-scale claims. Additional mineralization could extend mine life, reduce capital intensity and generate higher project economic returns than the 1.2 million ounces of Indicated gold and 0.5 million ounces of Inferred gold from 64 million tonnes of 0.58 grams per tonne and 22 million tonnes of 0.65 grams per tonne, respectively, modelled in the preliminary economic assessment (?PEA?) announced October 27, 2020. Additionally, as a fully intact epithermal deposit with a large at surface footprint, Long Valley has the potential for high-grade sulphides and discrete vein zones in the underlying feeder structures.

The discovery of high-grade, sulphide dominant gold (?Au?)-silver (?Ag?) mineralization in addition to near-surface oxide Au-Ag mineralization would open up additional development pathways for the Project, such as underground mining and milling of mineralization.