[vc_row][vc_column][vc_column_text]<\/p>\n

Assays pending on 7 additional drill holes, all which intercepted quartz veining, including 8 incidents of visible gold in quartz veins\u00a0<\/strong><\/h2>\n

Vancouver, BC May 19, 2020 –<\/strong>\u00a0KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) (\u201cKORE<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) is pleased to provide an update and early results from the FG Gold Project (\u201cProject\u201d or \u201cFG Gold\u201d) in the Cariboo Region of British Columbia.\u00a0Eight large diameter (HQ) core drill holes for a total of 1,577 meters have been completed and the Company intends to continue drilling once spring break-up is complete in mid-June. Assays from the top of the first hole are included in this news release.<\/p>\n

The Company will be conducting an exploration conference call on Wednesday, May 20, 2020 at 1:00 pm Eastern Time (10:00 am Pacific Time) to discuss these results and speak towards its other exploration projects in North America. Details of the call can be found below.<\/p>\n

Highlights<\/strong><\/p>\n

\n
• \n

  FG-20-368 intercepts\u00a076.5 meters of 1.1 g\/t gold\u00a0<\/em><\/strong>starting at 5.5 meters including;<\/p>\n

  \n
  • \n

    12.5 meters of 1.2 g\/t gold at 5.5 meters down hole;<\/p>\n<\/li>\n

  • \n

    8.0 meters of 1.6 g\/t gold at 27 meters down hole;<\/p>\n<\/li>\n

  • \n

    26.0 meters 2.0 g\/t gold at 56 meters down hole (including 1.0 meter of 28.4 g\/t); and<\/p>\n<\/li>\n

  • \n

    Assays pending from bottom 40 meters which intercepted 3 additional zones of quartz veining below existing resource<\/p>\n<\/li>\n<\/ul>\n<\/li>\n

  • \n

    FG-20-369 intercepted 13 quartz veins between 5.5 and 250 meters down-hole which tested an additional 100 meters below the previous resource (see cross-section in\u00a0Figure 3<\/strong>)<\/p>\n<\/li>\n<\/ul>\n

    The remaining holes FG-20-370 to FG-20-375 (assays pending) all intercepted zones of quartz veining, within the existing resource and newly identified quartz veins below the existing resource, which included eight total incidences of visible gold being identified in core logging. The Company will release assays from the lower section of FG-20-368 and the remaining holes as they become available.<\/p>\n

    The full table of results are included below.\u00a0\u00a0Detailed core logs and photos are available at:\u00a0www.koremining.com\/exploration-highlights<\/span><\/a>.<\/p>\n

    KORE CEO Scott Trebilcock stated, \u201cThis is an exciting start to our exploration program at FG Gold.\u201d Mr. Trebilcock continued, \u201cThe objective is to better define structural controls and extend the shallow known mineralization at depth.\u00a0\u00a0We believe with continued drilling, there is potential to increase the grade while adding to the existing FG Gold resource.\u201d<\/p>\n

    The\u00a020-kilometer trend<\/em><\/strong>\u00a0is defined by gold in soils and geophysics that traces the mineralized rock group around the regional syncline.\u00a0\u00a0The Project has only been shallowly drilled where the mineralized rock group comes to surface. Past drilling averages only 93 meters deep into a low to moderately plunging sedimentary host rock.\u00a0\u00a0Mineralization is open at depth and along almost the entire trend.\u00a0\u00a0Figure 2<\/strong>\u00a0is a regional cross-section that shows the host rock potential at depth and connection to a potential porphyritic intrusion.<\/p>\n

    Due to coarse visible gold, metallic screening assays provide a much more representative sample versus conventional fire assays.\u00a0\u00a0Historical drilling and assays had limited and sporadic metallic screen analyses which may have underestimated historical gold grades.<\/p>\n

    REMINDER: Exploration Conference Call and Webcast\u00a0<\/strong><\/p>\n

    KORE is hosting an exploration focused webinar for investors\u00a0on Wednesday, May 20, 2020 at 1:00 pm Eastern Time (10:00 am Pacific Time).\u00a0\u00a0Click\u00a0here to register<\/a>\u00a0for the webcast or following details:<\/p>\n

    Dial in:<\/strong> 1-877-208-1395 (toll free North America) or\u00a0+1 778-560-2724\u00a0(International)
    \nWebcast:<\/strong>\u00a0onlinexperiences.com\/Launch\/QReg\/ShowUUID=34EB3778-F3BD-4E81-A4DA-09A7F8B8DBAD<\/a><\/p>\n

    Details of Core Holes FG-20-368\/369\u00a0<\/strong><\/p>\n

    Hole FG-20-368 was targeting the structural controls for known mineralization, and looking to extend the mineralization down the host rock structure.\u00a0\u00a0Hole FG-20-368 encountered seven quartz vein intervals with assays compiled in\u00a0Table 1<\/strong>\u00a0below.\u00a0\u00a0Assays are pending from bottom 40 meters of which intercepted 3 additional quartz veins below the existing resource.<\/p>\n

    Hole FG-20-369 was drilled as a scissor hole from the same pad and also encountered quartz veining and two incidences of coarse visible gold (see\u00a0Figure 4<\/strong>).\u00a0\u00a0A cross section of the two holes is presented as\u00a0Figure 3<\/strong>.\u00a0\u00a0FG-20-369 intercepted 13 quartz veins between 5.5 and 250 meters down-hole which tested an additional 100 meters below the previous resource.\u00a0\u00a0A total of ten quartz vein intercepts in FG-20-368 and FG-20-369 (assays pending) were encountered below the depth of historic drilling.<\/p>\n

    As more assay data comes in KORE will be conducting structural analysis and interpretation.<\/p>\n

    Table 1: Results from Core Hole FG-20-368<\/strong><\/span><\/p>\n

    \n