Kingman Provides Corporate Update & Grants Options
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
FOR IMMEDIATE RELEASE
KINGMAN PROVIDES CORPORATE UPDATE & GRANTS OPTIONS
Vancouver, British Columbia – October 29, 2024 – Kingman Minerals Ltd. (TSXV: KGS)
(OTCQB: KGSSF) (Frankfurt: 47A1) (“Kingman” or the “Company”) is pleased to announce
the appointment of Bradley Peek , M.Sc., CPG as Independent Director and Mitchell Vander ydt
P.Eng, MBA as Strategic Advisor to Kingman effective immediately.
Bradley Peek, CPG, Director - Mr. Peek has more than 40 years’ experience in project
management, mineral exploration and in computer applications in mineral exploration and mining.
Mr. Peek received a Bachelor of Science degree in Geology from the University of Nebraska and
a Master of Science degree in Geology from the University of Alaska. He also is a member of the
Society of Economic Geologists, the Society of Mining, Metallurgy and Exploration, and AIME
American Institute of Professional Geologists.
Mitchell Vanderydt, Strategic Advisor – Mitch Vanderydt brings 16 years of experience in
metals, mining, and capital markets. His extensive background includes over 10 years as a mining
engineer, nearly 3 years as a mining analyst at a leading Toronto investment bank, and corporate
leadership in a junior gold mining company, where he helped guide its IPO and doubled its mineral
resources to 1Moz. In 2024, Mitch founded an independent capital markets advisory firm focused
on the metals and mining industry. He holds a Bachelor of Engineering Science from Western
University in London, Canada, an MBA from the Schulich School of Business (York University),
and a P.Eng. license in Ontario, Canada.
CORPORATE OVERVIEW
Strategic Acquisition & Jurisdiction : In January 2024, Kingman Minerals Ltd. completed the
option agreement with Seguro Projects Inc. and assumed a 100% ownership interest in the
Mohave Project, including the 20 Rosebud Mine claims and 51 additional surrounding claims
totalling 1420 acres or 574 hectares.
Historical High-Grade Gold & Silver with Exploration Upside: The Mohave Project, located in
Arizona’s Music Mountain Mining District, has a history of high-grade gold and silver production,
yet large portions of the mineralized system remain unexplored and undeveloped, both at depth,
along strike and regionally. Mohave offers compelling opportunities for further high- grade gold
and silver discoveries through systematic exploration.
Experienced Leadership & Technical Expertise: Kingman’s Board of Directors, Management
Team, and Advisors bring decades of experience across the full mining lifecycle, from project
generation, geology, and exploration to engineering, capital markets, and development. The team
has directly contributed to multi-million-ounce gold discoveries in Canada and led major projects,
such as the Zeus Lithium Deposit in Clayton Valley, Nevada, towards prefeasibility based on fiscal
rigor. Their combined expertise in financing and funding exploration and mining projects has
supported multiple successful capital raises, driving project development and creating long-term
shareholder value.
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
Market Advantage: With both gold and silver prices at all-time highs, Kingman’s past-producing
mine and regional land package in a top- tier mining jurisdiction are uniquely positioned to
capitalize on the disconnect between strong commodity prices and lagging equity prices in the
junior mining market. The Company is well -placed to create significant value for its investors
through a combination of historical resource conversion, exploration upside, and development
potential at Mohave.
Simon Studer, newly appointed interim President and CEO of Kingman commented, “We are
thrilled to have Bradley come on as an Independent Director and Mitch as Strategic Advisor
following Raul joining Kingman as VP of Exploration. These are truly seasoned professionals who
bring over 70 years combined experience in the mineral exploration and mining industry, adding
tremendous value to our Company going forward. Brad has been working on the Mohave Project
as independent consulting geologist and QP for Kingman throughout all phases. There is nobody
that understands the fertile ground in and around the Rosebud Mine area better than him at this
stage.”
“I am truly honoured to join the Kingman Board. I've always felt that the best place to explore for
new mines is in an area with past -producing mines. Our area has several past gold producers
and has had very little in the way of modern exploration efforts . Together with management we
will realize the true potential of the Mohave Project in Arizona” stated Brad Peek, Director.
Mr. Vanderydt will oversee technical evaluations of the Mohave Gold Project and contribute to
strategic planning and budgeting. He will also be involved in high-profile shareholder engagement,
including preparing key investor communications and supporting investor relations efforts. Mitch
reports directly to the interim President and CEO, ensuring alignment with Kingman’s corporate
goals.
GRANT OF OPTIONS
The Company also wishes to announce the grant of an aggregate of 750,000 stock options (the
“Options”) to Mr. Peek, Mr. Vanderydt, and Mr. Sanabria, pursuant to the Company's stock option
plan. The Options are exercisable at a price of $0.12 for a period of 4 years from the date of grant.
The Options granted to directors will vest immediately and the Options granted to officers and
consultants will be fully vested after 3 months. Options are subject to the terms and conditions of
the Company's stock option plan and the policies of the Exchange.
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 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. The Company believes that to explore
the full potential of the area, drilling and sampling along strike and depth extensions of existing
and additional vein structures is essential.
TSX-V: KGS
OTCQB: KGSSF
Frankfurt: 47A1
For further information please contact:
Simon Studer
President, Interim CEO, and 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
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 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.
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 information are subject to business and economic risks and
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 ).