King River Resources Ltd T.KRR.W

Updated Consolidated Gold Mineral Resource TSX: KRR

[Betteryear2]

Highlights:

• Beta Hunt Gold Measured and Indicated Mineral Resources increased by 7% to 1.12 million ounces and Inferred Mineral Resource increased by 46% to 786,000 ounces
• Significant Beta Hunt additions include:
  • Maiden Larkin Mineral Resource comprising Measured and Indicated 1.44 million tonnes @ 2.6g/t for 119,000 ounces and Inferred 2.17 million tonnes @ 2.3g/t for 162,000 ounces
• On a consolidated basis Karora's Gold Measured and Indicated Mineral Resource inventory increased by 8% to 2.71 million ounces net of mining depletion
• On a consolidated basis, Karora's Gold Inferred Mineral Resources increased by 43% to 1.21 million ounces
• The expanded Mineral Resource further supports Karora's Growth Plan to increase production to a targeted 185,000 - 205,000 ounces per annum by 2024

TORONTO, April 7, 2022 /CNW/ - Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) ("Karora" or the "Corporation") is pleased to announce its Consolidated Gold Measured and Indicated ("M&I") Mineral Resource, net of depletions, has increased by 8% and the Consolidated Inferred Mineral Resources have increased by 43%. The update is highlighted by the addition of the maiden Larkin Zone Mineral Resource at Beta Hunt which contributed 1.44 million tonnes @ 2.6 g/t for 119,000 ounces in the M&I category and 2.17 million tonnes @ 2.3 g/t for 162,000 ounces in the Inferred category