Kingman Amends Terms of Private Placement

TSX: KGS.V

FSE: 47A1

OTCQB: KGSSF

KINGMAN AMENDS TERMS OF PRIVATE PLACEMENT

Vancouver, B.C. (November 29, 2021) Kingman Minerals Ltd. (“Kingman” or the

“Company”) (TSX.V: KGS, FSE: 47A1, OTCQB: KGSSF) has amended the terms of its non -

brokered private placement previous announced on November 4, 2021. The private placement

will now consist of up to 42,000,000 units at a price of $0.05 per unit, for maximum gross proceeds

of $2,100,000.

Each unit will consist of one common share and one transferrable share purchase warrant, with

each warrant exercisable at $0.075 for four years from the date of issuance. Finders fees’ will be

subject to terms of the TSX Venture Exchange.

Closing of the offering is subject to a number of conditions, including receipt of all necessary

corporate and regulatory approvals, including approval of the TSX Venture Exchange. All

securities issued in connection with the offering will be subject to a statutory hold period of four

months plus a day from the date of issuance, in accordance with applicable securities legislation.

Proceeds from this placement will be used for exploration work on its Mohave Project and general

working capital.

About Kingman

Kingman Minerals Ltd. is currently engaged in the business of precious metal mineral exploration for the

purpose of acquiring and advancing non grass roots mineral properties located in mining friendly

jurisdictions of North America. The Mohave Project (the “Project”) is located i n the Music Mountains in

Mohave County, Arizona and is comprised of 72 lode claims which are inclusive of the past producing

Rosebud Mine (the “Rosebud”). High-grade gold and silver veins were discovered in the area in the 1880’s

and were mined mainly in t he late 20’s and 30’s. Underground development on the Rosebud property

included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts.

For further information please contact:

Arthur Brown, Chairman and Director

(778) 319-2261

www.kingmanminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange) accepts

responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical

facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, pro spects and

opportunities to differ materially from those expressed or implied by such forward -looking information. Forward-looking information in this news release

includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to

differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Kingman believes that the

assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will

be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no

assurance can be given that such eve nts will occur in the disclosed time frames or at all. Kingman disclaims any intention or obligation to update or

revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities

laws.