KORE Mining Ltd. welcome the Torres Martinez Desert Cahuilla Indians as a strategic community and business partner to Project ACES and the Imperial Gold Project in Southern California. In addition, KORE also announces a change to its Board of Directors. Under the terms of the non-binding letter of intent, KORE and TMDCI will collaborate on sustainable economic and business development ventures where there is an alignment of interests.

These ventures will include, but not be limited to, advancing Project ACES and the Imperial Gold Project, exploring joint venture opportunities in natural resource development in Imperial County and surrounding areas, including the "lithium valley" and the greater Salton Sea region, collaboration on management and leadership training within the community, and fostering economic diversification, stability, and growth. These ventures will assist the TDMI on strategic capacity building and lead to the co-ownership or co- management of businesses or projects. The letter of intent is non-binding and subject to entering into a definitive agreement within the next 90 days.

Imperial Gold's mission is to generate a net positive environmental impact. Project ACES proposes to supply materials to remediate the Salton Sea, a major local health problem: Saving lives of local stakeholders through reduced respiratory illness from dust pollution; Preserving wetlands to benefit migratory birds suffering from increased Salton Sea salinity; Restoring local community waterfronts to enhance quality of life; and Rehabilitating playas to restore hundreds of thousands of acres of desert habitat. Imperial Gold's mission to generate a net positive environmental has attracted strong support from a broad base of stakeholders whose families and communities are impacted and from those who want to set a new standard for mining in the region.

Imperial's ground-breaking environmental standard targets 100% restoration of Federal US land: Mine backfilled and recontoured to original topography after providing materials to ACES - no hole-in-the-ground or legacy visual impacts Returns land to multi-use purpose with original topography - no legacy land use Site vegetation rehabilitated to preserve long-term wildlife habitats Imperial is anticipated to create hundreds of skilled jobs and bring more than $1 billion in investment into Imperial County. In addition to ACES, the development of the Imperial is anticipated to have numerous other benefits for Imperial County, which has high unemployment rates and is the lowest income county in California. The Company anticipates the following benefits of developing the Imperial Project: Over $1.1 billion investment benefitting Imperial County and the State of California Over 500 construction and 220 direct permanent jobs created Over $240 million in government payments to support community services Hundreds of indirect jobs and tens of millions of local services Training and experience to build local, transferrable skills.