Kingman Corporate & GOLD Market Update
TSX Venture Exchange: KGS.V
Frankfurt: 47A1
FOR IMMEDIATE RELEASE
KINGMAN CORPORATE & GOLD MARKET UPDATE
Vancouver, B.C. (September 17, 2020) Kingman Minerals Ltd. (TSX-V:KGS) (FSE:47A1) (“Kingman”
or the “Company”) is pleased to provide shareholders with a corporate update.
In early 2020, Burgex Mining Consultants (“Burgex”) were contracted by the Company to determine the
accessibility of the Rosebud Gold Mine and complete two underground sampling programs. During the first
program, Burgex was able to use ropes and ladders to assess the safety and stability of the main production
shaft and lower themselves down to the 100 -foot level of the abandoned mine. B elow the 100ft level the
shaft was blocked by debris and garbage, which Burgex was able to successfully clear during this second
program in order to gain access to the 200ft level. Additional debris was blocking the shaft below the 200ft
level preventing them from accessing the 250ft level.
A photo tour, videos and additional details of the first and second reconnaissance programs are available
on Company website at https://kingmanminerals.com/projects/mohave-project/first-underground-program/
and https://kingmanminerals.com/projects/mohave-project/2nd-phase-underground-reconnaissance-
sampling-program/ .
Since the completion of these programs, the Company has continued to actively work on analyzing the
results and validat ing the historical work and resourc e estimates done on the Mohave Project, where
possible. All information will be included in a current NI 43-101 report. Under NI 43 -101 guidelines, some
of the historical information can be relied upon and included, however the Company is not able to rely on
all of it. Kingman will continue to advance the project with further exploration work aimed to be completed
in the Fall of 2020 which will allow the Company to more accurately determine a current compliant resource
calculation. The Company is in the process of designing the next phase of work and expects to announce
the intended plans this month.
Gold price rallied this year to a new all-time high in early August, along with most precious and industrial
metals. According to an article dated September 17, 2020 in the Economic Times,
“Jim Rogers, (renowned US Investment guru and co-founder of Quantum Fund and Soros Fund
Management), is extremely bullish on precious metals and says gold and silver should continue
to rise as people will keep buying them, resulting in new record highs. The veteran investor
himself has been piling on gold and silver continuously since 2019 and says he will keep doing it
for a while.
This year, gold and silver have outperformed most other asset classes. Year to date, silver is up
50 per cent and gold 28 per cent.
‘I expect gold to continue to make new highs; silver is down about 45 per cent from its all-time high.
I would expect silver to make all -time high too, before this is over. Silver is certainly cheaper than
gold on a historic basis. I would expect both to continue to do well, because the world is going to
have problems in the next few years,’ he said.
In recent months, many veteran investors have shown their af finity towards bullion. Even Warren
Buffett, who often derided the precious metal, bought $563 million worth of shares of a Canadian
- 2 -
gold miner in hopes that a rally in precious metals will lift the stock as well.
Explaining the phenomenon when pro -risk asset classes such as equities are rallying along with
an anti -risk asset class gold, Rogers said it is just a reflection of loss of confidence in the
governments.
“Throughout history, when people lose confidence in currencies and governments, they have
always bought gold and silver. We are in a period like that again. It is my view when there will be
less and less confidence in governments and central banks, gold will go up. People everywhere
are losing confidence in money, as central banks are printing a staggering amount of it, ’ Rogers
said.
“Investors are recogniz ing the attractiveness of precious metals in this environment of trillions of added
liquidity and zero interest rates. The Fed’s most recent shift to potentially higher inflation makes gold even
more attractive. Kingman is well -positioned to capitalize upon this environment as it takes steps towards
re-opening this past producing mine while continuing analyze other strategic acquisitions,” said Sandy
MacDougall, Chairman and Director.
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 in the Music Mountains in Mohave County, Arizona and is
comprised of 20 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 the 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:
Sandy MacDougall, Chairman & Director
(604) 685-7720
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 accu racy 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, prospects 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 events will occur in the disclosed time frames or at all.
Kingman disclaims any intention or obligation to update or revise any forward -looking informatio n, whether as a result of new
information, future events or otherwise, other than as required by applicable securities laws.