Kingman Encouraged BY Initial Drilling: Looks to Expand Phase Ii Program & Announces Private Placement

TSX: KGS.V

FSE: 47A1

OTCQB: KGSSF

KINGMAN ENCOURAGED BY INITIAL DRILLING: LOOKS TO EXPAND

PHASE II PROGRAM & ANNOUNCES PRIVATE PLACEMENT

Vancouver, B.C. (November 4, 2021) Kingman Minerals Ltd. (“Kingman” or the “Company”)

(TSX.V: KGS, FSE: 47A1, OTCQB: KGSSF) is pleased to announce that the initial drilling of the

Phase II Program has been highly successful; with the initial samples being processed on a rush

basis by Skyline Laboratories of Tucson, Arizona. “We are very excited by the progress the drillers

have made to date and the drilling supports our theories about the veins beyond the workings.

The Company looks forward to sharing these results with shareholders in the near future” stated

Brad Peek M.Sc. CPG and Qualified Person for the Mohave Project.

The Company is also pleased to announce a private placement for up to 30,000,000 units for a

maximum gross proceeds of $2,100,000. Each unit will be comprised of one common share and

one transferable share purchase warrant exercisable at a price of $0.09 for one year from the

date of issue. A Price Reservation Form was submitted to the TSX Venture Exchange for this

placement on October 20, 2021.

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

corporate and regula tory 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.

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 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 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:

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, performa nce, 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 compl eted 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 information, whether as a result of new information, future events or otherwise, other than as required by applicable securities

laws.