Kingman Completes Drone Magnetic Survey and Advances Drill Permitting at Mohave Project
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
FOR IMMEDIATE RELEASE
KINGMAN COMPLETES DRONE MAGNETIC SURVEY AND ADVANCES
DRILL PERMITTING AT MOHAVE PROJECT
Vancouver, British Columbia – JANUARY 29, 2026 – Kingman Minerals Ltd. (TSXV: KGS)
(OTCQB: KGSSF) (Frankfurt: 47A1) (“Kingman” or the “Company”) is pleased to announce
in conjunction with the completion of a high- resolution drone-based magnetic survey, it has filed
a Bureau of Land Management (“BLM”) Notice of Intent to Conduct Exploration for Phase III drill
program at its high-grade gold and silver Mohave Project in Arizona.
Since completing its oversubscribed financing in late 2025, the Company has fast-tracked tar-
geted technical work to enhance its geological and structural understanding ahead of permitting
and drilling at its flagship project including the historic Rosebud Mine.
Geophysics Completed
The Company completed a high-resolution drone magnetic survey designed to support drill plan-
ning in covered areas and for property -wide structural reconnaissance. The survey comprised
approximately 305 line- kilometres flown on 30- metre line spacing at approximately 25 metres
above ground level (AGL). Data were collected using a high-sensitivity potassium magnetometer
and corrected using a ground-based magnetometer for diurnal variation. Processing deliverables
include standard magnetic products such as Total Magnetic Intensity (TMI), Reduced -to-Pole
(RTP), and derivative maps including first vertical derivative (1VD), analytical signal, and tilt de-
rivative. The dataset has been delivered for further processing, including three-dimensional mag-
netic inversion.
Figure 1 & 2: Reduced-to-Pole (RTP) magnetic intensity map; First vertical derivative (1VD) of the RTP magnetic data
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
Simon Studer, Interim CEO, President and Director, stated: “The immediate goal of the magnetic
survey was to confirm and lock in drill locations for permitting. Depth-to-source estimates indicate
that magnetic features deepen rapidly to the northwest while remaining relatively shallow to the
southeast, making the southeast the most efficient first-pass target area for step-out drilling. Once
the magnetic inversion is complete, we will work with the geophysicist to define final drill orienta-
tions from the permitted pad locations.”
The Company has delivered the magnetic dataset for further processing, including three- dimen-
sional Magnetic Vector Inversion (“MVI”) modelling and geological analysis, to refine interpreta-
tions of structural geometry at depth and support finalization of drill collar locations and orienta-
tions for the next drill phase. Results will be integrated with historical mapping and geochemical
sampling, and the Company will provide updates as processing and interpretation are completed.
Permitting Update
The Company has filed its BLM Notice of Intent for drilling at Mohave. The application is under
review and approval is expected in the near term. Once approved, Kingman intends to mobilize
and commence drilling promptly. The proposed Phase III program is designed to test the South-
wick vein corridor extensions to the SE of the Rosebud Mine Area of the Mohave Project.
Technical Disclaimer
The magnetic survey identifies variations in magnetic response and relative depth to magnetic
sources only. It does not identify mineralization or economic potential. All interpretations remain
preliminary pending final processing and validation.
Qualified Person
The technical information in this website has been prepared in accordance with the Canadian
regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the com-
pany by, Qualified Person: Bradley C. Peek, MSc. CPG Qualified Person for Kingman Minerals
Ltd.
ABOUT
Kingman Minerals Ltd. (TSX-V: KGS) is a publicly traded exploration and development company
focused on precious metals in North America. The Company’s flagship project is the fully-owned
historic Rosebud Mine, located in the Music Mountains, Mohave County, Arizona. High- grade
gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late
1920s and 1930s. Underground development on the Rosebud property included a 400-foot main
shaft and approximately 2,500 feet of drifts, raises and crosscuts.
For further information please contact:
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
Simon D. Studer
Interim CEO, President & Director
Phone: 0041-44-585-2484
Corporate Office
Tel: (604) 685-7720
Email: [email protected]
Web: www.kingmanminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward -Looking Information Cautionary Statement Regarding Forward -
Looking Information This news release contains “forward-looking information” within the meaning of applicable secu-
rities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news release. Any statement that involves discussion
with respect to predictions, expectations, beliefs, plans, projec tions, objectives, assumptions, future events or perfor-
mance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “esti-
mates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-
looking statements relate, among other things, to statements with respect to: the terms of the Private Placement; the
anticipated use of proceeds; the anticipated insider participation in the Private Placement; the completion of the Private
Placement; and the approval of the TSX Venture Exchange.
All statements, other than statements of historical fact, included herein, constitutes forward-looking information. Alt-
hough Kingman believes that the expectations reflected in such forward -looking information and/or information are
reasonable, undue reliance should not be placed on forward-looking information since Kingman can give no assurance
that such expectations will prove to be correct. Forward-looking information involves known and unknown risks, uncer-
tainties and other factors that may cause actual results or events to differ materially from those anticipated in such
forward-looking information, including the risks, uncertainties and other factors identified in Kingman’s periodic filings
with Canadian securities regulators. Forward-looking informati on are subject to business and economic risks and un-
certainties and other factors that could cause actual results of operations to differ materially from those contained in
the forward-looking information. Important factors that could cause actual results to differ materially from Kingman’s
expectations include risks related to the completion of the Private Placement, including TSXV approval; risks associated
with the business of Kingman; risks related to reliance on technical information provided by Kingman; risks related to
exploration and potential development of the Company’s mineral properties; business and economic conditions in the
mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to in-
terpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of gov-
ernment agencies and First Nation groups in the exploration and development of properties and the issuance of re-
quired permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and
terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting
anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and
other risk factors as detailed from time to time and additional risks identified in Kingman’s filings with Canadian securi-
ties regulators on SEDAR+ in Canada (available at www.sedarplus.com ).