KORE MNG LTD - KOREF STOCK NEWS

KORE Mining Ltd. (TSXV: KORE, OTCQX: KOREF) has established a new Environmental, Health, Safety and Sustainability Committee to enhance its ESG practices. Chaired by CEO Scott Trebilcock, the committee aims to focus on sustainability and governance issues as integral to the company's mining operations. The committee's first meeting was held recently, and management has been tasked with developing a robust ESG policy. Additionally, KORE has granted 2,075,000 share-based options to its directors and employees, equating to approximately 1.85% of the outstanding shares, with an exercise price of C$0.62.

KORE Mining Ltd. (KOREF) has entered a memorandum of understanding with the Bureau of Land Management to commence an exploration drilling program at the Imperial Gold project. This program will feature over 150 drill pads and aims to enhance resource growth in the Mesquite-Imperial-Picacho district. The exploration is expected to start in the second half of 2021. KORE's CEO highlighted the potential for significant oxide gold discoveries in this region, which has a historical production of over five million ounces of gold. The company is also ensuring compliance with environmental standards during the drilling process.

KORE Mining has expanded its claim in the Mesquite-Imperial-Picacho District by 4,600 acres, now totaling approximately 31,000 acres. Recent exploration revealed gold anomalies in several dry stream beds, with notable sampling results of 1.0 g/t and 0.6 g/t gold. The company's systematic exploration continues, including geophysical surveys and drilling planned for H2 2021. KORE's CEO emphasizes the district's potential for significant gold discoveries, which could extend the region's 140-year mining history and promote economic growth in Imperial County.

KORE Mining Ltd. (OTCQX: KOREF) announced a memorandum of understanding with the United States Forest Service to support its exploration drilling program at the Long Valley gold-silver project. The Company is engaging a consultant for environmental review and is set to begin drilling in mid-2021, targeting up to 15,000 meters across 14 drill pads. The current mineral resource holds 1.2 million ounces of indicated gold, with a potential for significant discoveries that could bolster long-term economic benefits for the region.

KORE Mining Ltd. has unveiled its 2021 exploration plan for the Long Valley gold and silver project. This plan includes drill testing of priority shallow oxide resources and underlying sulphide structures, with a minimum of 5,000 meters of drilling planned. The exploration will expand onto 14,104 acres of newly staked claims. KORE aims to identify gold mineralization through a comprehensive satellite survey and geophysics, potentially increasing its current resource estimate of 1.2 million ounces of Indicated gold. Drilling is expected to commence in late Q2 2021.

KORE Mining Ltd. (OTCQX: KOREF) has initiated new field programs in the Mesquite-Imperial-Picacho gold district following successful target generation. These programs aim to refine drill targets between the Imperial deposit and the Mesquite mine, with drilling expected in H2 2021. Recent geophysical data revealed soil anomalies aligning with the Imperial deposit's geophysical fingerprint, indicating multiple high-priority drill targets. The company's exploration strategy is focused on resource expansion and systematic exploration of the district's 28 km gold trend, with results anticipated in H1 2021.

KORE Mining Ltd. appointed Liz Monger as Vice President, Investor Relations, effective February 17, 2021. Ms. Monger brings 25 years of experience from Midas Gold Corp., where she was instrumental in investor relations. Her role at KORE will focus on diversifying the company's shareholder base. The company also granted her 250,000 stock options at a price of $1.00 per share. KORE owns the Imperial and Long Valley gold projects in California, aiming for over 250,000 ounces of annual gold production, supported by strategic investor Eric Sprott.

KORE Mining Ltd. is set to explore its Imperial and Long Valley Gold projects in 2021, aiming for new discoveries and resource growth. With 26,000 hectares at Imperial and 16,000 hectares at Long Valley, both projects are 100% owned without royalties. The company plans to conduct soil sampling, IP geophysics, and low-cost drilling to identify high-priority targets. Imperial's PEA estimates a C$642 million NPV with 146,000 ounces of gold per year, while Long Valley's PEA shows a C$376 million NPV with 102,000 ounces annually. KORE aims to enhance shareholder value through efficient exploration and potential production decisions.

KORE Mining Ltd. (TSXV: KORE, OTCQX: KOREF) announced the results of its annual general and special meeting held on October 9, 2020, in Vancouver, BC. Shareholders approved all items on the agenda, including the election of the Board of Directors, the reappointment of PricewaterhouseCoopers LLP as auditors, the ratification of the rolling Stock Option plan, and the approval of the fixed Omnibus plan. KORE, backed by significant investors like Eric Sprott, is focused on gold exploration and development in California and British Columbia, with a strong capital position bolstered by a recent $7.5 million investment.