Kingman Minerals Ltd. Announces Upsized $1.5 Million
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
FOR IMMEDIATE RELEASE
KINGMAN MINERALS LTD. ANNOUNCES UPSIZED $1.5 MILLION
Vancouver, British Columbia – October 1, 2025 – Kingman Minerals Ltd. (TSXV: KGS)
(OTCQB: KGSSF) (Frankfurt: 47A1) (“Kingman” or the “Company”) is pleased to announce
an upsizing of its previously announced non-brokered follow-on private placement (cf. NR dated
September 9, 2025), due to continued and strong investor demand. Total gross proceeds of the
offering are now expected to be up to C$1,500,000, increased from the initially planned
C$500,000.
The Company will issue up to 21,428,571 units at a price of C$0.07 per unit. Each unit will consist
of one common share in the capital of the Company and one common share purchase warrant.
Each warrant will entitle the holder to purchase one additional common share at an exercise price
of C$0.09 per share, for a period of 24 months from the closing date.
Use of Proceeds
The net proceeds of the offering will be used to fund continued exploration and development
activities at the Company’s Mohave Project, including diamond drilling, geophysics, geochemical
sampling, and permitting, as well as for general working capital. The Mohave Project includes the
historic high- grade Rosebud Mine in Mohave County, Arizona, where bonanza- grade
underground sampling of up to 688 g/t gold and 468 g/t silver has been previously reported.
Finders’ Fees
The Company may pay finders’ fees equal to 6.0% of the gross proceeds and issue finders’
warrants equal to 6.0% of the number of units sold. Each finders’ warrant will entitle the holder to
purchase one common share of the Company at a price of C$0.09 for a period of 24 months from
the date of closing.
Closing Conditions
The closing of the offering is subject to all necessary regulatory approvals, including approval of
the TSX Venture Exchange. All securities issued under the offering will be subject to a statutory
hold period of four months and one day in accordance with applicable securities laws.
Related Party Participation
It is anticipated that certain insiders of the Company may acquire units under the offering. Any
such participation will be considered a “related party transaction” within the meaning of Multilateral
Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions. The
Company will rely on exemptions from the formal valuation and minority shareholder approval
requirements of MI 61 -101 pursuant to sections 5.5(a) and 5.7(1)(a), on the basis that the fair
market value of the participation by insiders will not exceed 25% of the Company’s market
capitalization.
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful,
including any of the securitie s in the United States of America. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities
laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as
defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities
laws, or an exemption from such registration requirements is available.
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 100%-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 shaft
and approximately 2,500 feet of drifts, raises and crosscuts. The Company believes that further
exploration drilling and sampling along strike and depth extensions of existing and additional vein
structures is essential to fully evaluate the project’s potential.
For further information please contact:
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 This news release contains “forward- looking
information” within the meaning of applicable securities 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, projections,
objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”,
“is expected”, “budget”, “scheduled”, “estimates”, “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 P rivate Placement; the anticipated use of proceeds; 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.
Although 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,
uncertainties 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
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
uncertainties 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
interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of
government agencies and First Nation groups in the exploration and development of properties and the issuance of
required 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
securities regulators on SEDAR+ in Canada (available at www.sedarplus.com ).