Exploration Plan At Long Valley Gold-Silver Project

VANCOUVER - KORE Mining Ltd. reported on the 2021 exploration plan for the Long Valley gold and silver project. The plan includes drill testing the highest priority shallow oxide resource growth targets and the underlying sulphide feeder structure targets.  In addition, KORE's exploration strategy will be expanded to the newly staked 14,104 acre district scale claim area and supplemented with a new satellite survey.

Summary: Drill test highest priority shallow oxide resource expansion and untested underlying sulphide "feeder structures" targets - minimum 5,000 meter program; Potential to expand drilling to 15,000 meters, if warranted; Drill program permitting in progress with drilling expected to start late in Q2 2021; Complete in Q2 2021 a satellite multispectral survey to identify alteration, associated with gold mineralization, on entire 15,965 acres of claims; Expand ground geophysics surveys to generate and refine additional oxide and deeper structural targets; and Further mapping and geochemical sampling on new structural targets.

CEO, Scott Trebilcock, said, "Our 2021 exploration plans will extend our successful exploration strategy onto our new district-scale 14,105 acres of claims at Long Valley, opening the potential for discovery of new oxide gold deposits.  At the main deposit, we remain on track to drill our exciting resource expansion and underlying feeder zone targets in mid-2021."

The Company has identified opportunities to expand the shallow oxide mineralization in all directions, further grow 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, modeled in the preliminary economic assessment (PEA).

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.