Torres Martinez Desert Cahuilla Indians Sign LOI Resource Development

VANCOUVER - KORE Mining Ltd. announced the Torres Martinez Desert Cahuilla Indians (TMDCI) as a strategic community and business partner to Project ACES ("A Clean Environment for the Salton Sea") and the Imperial Gold Project in Southern California. 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.

Chairman and CEO James Hynes, said, "I look forward to working with Chairman Tortez, Jr., the TMDCI Tribal Council, and the Torres Martinez community as we strengthen our partnership and advance initiatives that benefit the community, the environment, and local stakeholders. KORE continues to see vocal and written support by local stakeholders behind the Imperial Gold Project and Project ACES. Our ground-breaking environmental standards and our ACES initiative support our mission for a net positive environmental and social impact. Imperial County and the Salton Sea region in particular, is seeing a surge in geothermal energy and lithium extraction with companies like Berkshire Hathaway, Controlled Thermal Resources, and Energy Source all advancing large scale projects. It is anticipated that Project ACES and the partnership with the TMDCI can contribute significantly to economic growth, environmental quality, and community development."