Kore Mining Closes the Second Tranche of the $7.5 Million Strategic Investment

VANCOUVER, BC, July 28, 2020 /PRNewswire/ – KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) (“KORE” or the “Company“) is pleased to announce the closing of the second tranche of the previously announced $7,500,000 non-brokered private placement consisting of 6,000,000 units at a price of $1.00 per unit (“Non-FT Units“) and 1,000,000 units of flow through units at $1.50 (“FT Units“) (collectively, the “Private Placement“). The first tranche of Non-FT Units closed July 22, 2020 and the second tranche of Non-FT Units closed today. All securities to be issued pursuant to the Private Placement are subject to a four month hold period and for the securities issued under this second tranche, will expire on November 29, 2020.