Kingman Minerals Cancels Private Placement Financing

TSX: KGS.V

FSE: 47A 1

OTCQB:

KGSSF

KINGMAN MINERALS CANCELS PRIVATE PLACEMENT FINANCING

Vancouver, British Columbia – March 18, 2024 – Kingman Minerals Ltd. (the “Company”) (TSXV:

KGS) announces that it was elected not to proceed with the private placement financing previ-

ously announced on December 29, 2023. No securities were issued by the Company in connec-

tion with the contemplated financing.

The Company will continue to evaluate financing opportunities going forward, and will provide a

further updated on financing efforts as further details become available.

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 71 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 Venture 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, prospects and opportunities to differ materially from those expressed o r 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 information, whether as a result of new information, future events or otherwise,

other than as required by applicable securities laws.