KORE Mining Ltd. provide an update on the proposed transfer of all of its British Columbia gold exploration assets into a newly incorporated company called Karus Gold Corp. ("Karus" or "Karus Gold"). Upon completion of the Spin Out, KORE will continue as a leading gold company with a focus on growing and developing the Imperial and Long Valley gold projects in the US. Unlocks value of BC assets for KORE shareholders through creation of Karus Gold. Dominant 1,000 km2 land position in the emerging Cariboo Gold District with Osisko Development Corp. investing heavily to the north Flagship FG Gold project open for growth after 2020 Lower Zone discovery intercepts of 10.0 meters of 3.9 g/t gold at 237 meters downhole, 14.3 meters of 6.4 g/t gold at 386 meters downhole.