KRR

TORONTO, April 15, 2021 - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Company") is pleased to announce consolidated gold production of 24,694 ounces for the first quarter of 2021 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales for the quarter were a very strong 25,547 ounces. First quarter gold production is in line with consolidated...

Highlights: At Beta Hunt, drilling aimed to test for the offset extension of the historic Beta nickel belt south of the Gamma Island Fault has confirmed the presence of massive and matrix nickel sulphide mineralization along the prospective ultramafic/basalt contact.Significant nickel intersections1 include:G50-22-005E: 11.6% Ni over 4.6 metres, including 18.4% Ni over 2.2 metresG50-22-002E: 1.2% Ni over 0.3 metresG50-22-003E: 2.4%...

Karora will host a call/webcast on March 19, 2021 at 10:00 a.m. (Eastern Time) to discuss the 2020 results. North American callers please dial:  1-888-231-8191, international callers please dial: (+1) 647-427-7450. For the webcast of this event click  (replay access information below). TORONTO, March 19, 2021 - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce its financial...

Since the discovery of the Father’s Day vein, which yielded around 30,000 ounces of gold, Karora Resources has been one of the most followed companies in the junior mining space. The discovery completely changed the fortunes of the company and sent them down a path to expand their operation throughout Western Australia. Today they are looking more like a company...

Highlights: High grade diamond drill result1,2 confirms interpreted high grade gold plunging shoot thesis by extending plunging shoot to over 300m down-plunge. The shoot remains open down-plunge.SPDD0003: 6.1 g/t over 14.0 metres, including 8.6 g/t over 5.7 metresThis drill intersection supports the plunging shoot interpretation associated with previously announced (see Karora news release, November 18, 2020), near-surface high grade intersections...

Highlights: Initial scout drilling at Lake Cowan in the Higginsville Greater area has delivered exciting new drill targets in previously under-explored terrain east of the Higginsville mining operations.Results from early stage scout drilling are viewed as very encouraging especially given the sparse nature of the drilling over this large area.Significant gold intersections from lake air core scout drilling include:HIGA8864: 1.35...

Highlights: At Beta Hunt, visible gold was observed in the Larkin Zone drill core from the infill drilling program (hole number EL-EA2-023E), further demonstrating the potential for a third gold resource in addition to A Zone and Western Flanks. Initial assay results1,2 include:EL-EA2-023E: 19.0 g/t over 9.0 metres, including 542 g/t over 0.3 metresEL-EA2-023E: 6.4 g/t over 3.0 metres, including...

Summary Karora achieves record gold production of 99,249 ounces and gold sales of 98,646 ounces in 2020Year-end consolidated cash balance of C$79.5 million, an 18% increase vs. the third quarter, net of a $2 million early debt repayment during the fourth quarter.Consolidated 2021 Guidance:Production of 105,000-115,000 ounces, an increase of over 20% when compared to 2020 production guidance.All-in-sustaining-cost (AISC)1 of...

Highlights: Consolidated gold Proven and Probable Mineral Reserves increase by 334 % to 1.33 million ounces Consolidated gold Measured and Indicated Mineral Resources increase by 167% to 2.52 million ouncesThe new Consolidated gold Mineral Resources and Reserves will form the basis of Karora's organic growth profile to be announced in the first quarter of 2021Due to the very strong drilling results...

Highlights: Initial drill results1 within 100 metres of the surface have intersected new high grade gold intercepts at the Spargos Project. These include:SPRC0026: 29.8 g/t over 19.0 metres, including 99.5 g/t over 5.0 metresSPRC0012: 27.3 g/t over 15.0 metres, including 168.0 g/t over 1.3 metresSPRC0019: 8.0 g/t over 19.0 metres, including 20.6 g/t over 2.0 metresSPRC0028: 29.8 g/t over 3.0...