KORE Mining Ltd. announced the continued expansion of the Imperial Gold Project ("Imperial") through the recent discovery of a fourth outcropping prospect named "Galaxy". In total, the Company now has ten highly prospective drill targets identified in the overall Mesquite-Imperial-Picacho District ("District") that captures 28 kilometers ("km") of prospective ground from Equinox Gold's operating Mesquite gold mine ("Mesquite") to the historic Picacho gold mine ("Picacho"). Galaxy Target Area.

The newly identified Galaxy prospect is KORE's newest find was discovered March 2022 during reconnaissance mapping efforts. Galaxy consists of five structurally dismembered gneiss outcrops totalling 108 acres. This target is characterized by alteration styles analogous to the Imperial deposit thus is highly prospective for gold (Figure 2).

Historic mining activity is prevalent at Galaxy, including shafts up to 100 feet deep, declines, and trenches that target mineralized south-dipping thrust faults. This structural setting is consistent with highest grade portion of the Imperial deposit. 30 rock samples have been collected to date with assay results expected June 2022.

Galaxy is intersected by the Gatuna-Sortan fault, which yielded outcrop assays as high as 0.6 g/t in the Acacia target area. This fault juxtaposes the relatively impermeable Winterhaven formation above the Jurassic gneiss, which likely acted as a lithocap to ascending gold-bearing hydrothermal fluids. Observed alteration styles include fracture hosted to pervasive iron oxides, silica, sericite, chlorite, kaolinite, and quartz+carbonate veining.

Sampling is ongoing and is expected to be completed May 2022. Wolverines Target Area: Since its initial discovery in October 2021, roughly 80 acres of outcropping gneiss have been added to the Wolverines prospect, nearly doubling its size. These outcrops consist of strongly altered and brecciated gneiss and frequently display quartz+carbonate veining.

To date, Wolverines totals 1.7 km of prospective strike length. Assay results from 14 rock samples are expected June 2022. Sandwich Target Area: The Sandwich zone prospect displays numerous large slot canyons and cliffy exposures of mineralized gneiss outcrop (Figure 4).

This target area has a strike length of 1.4 km and mineralization is structurally controlled by regionally extensive WNW trending thrust faults. The intensity of the alteration correlates with the degree of brecciation of the host rock, with more rheologically brittle rocks serving as better hosts. Mineralized veins are observed in the stratigraphically overlying Winterhaven Formation.

This prospect area is dismembered by a large-offset strike slip fault, which transported a sliver of mineralized basement 1.5km to the south creating the "Acacia" target area. Acacia Target Area: The Acacia target area is characterized by the prevalence of gold flakes and nuggets. Sampling in this prospect has yielded assays as high as 3.7 g/t, which are among the highest on the property.

Mapping efforts have delineated a 1.8km intensely brecciated and altered gneiss outcrop.