Kingman Withdraws Music Mountain Ext Acquisition and Amends Grant of Options
TSX Venture Exchange: KGS.V
Frankfurt: 47A1
FOR IMMEDIATE RELEASE
KINGMAN WITHDRAWS MUSIC MOUNTAIN EXT ACQUISITION AND
AMENDS GRANT OF OPTIONS
Vancouver, B.C. (July 13, 2020) Kingman Minerals Ltd. (TSX-V:KGS) (FSE:47A1) (“Kingman” or the
“Company”) has terminated the agreement for the Music Mountain Ext. property, previously
announced in a news release on May 26, 2020. The Company had initially filed this as an expedited
transaction with the TSX Venture Exchange, and it has now been withdrawn.
Additionally, the Company would also like to amend the details of the issuance of stock options, disclosed
in the news release dated May 20, 2020. The number of stock options issued to the arms’ length consultant
is now 466,200 options, which is equivalent to 1.99% of the Company’s issued and outstanding of
23,311,118. The Company is also amending the exercise price of these options to $0.10, however the
expiry date will remain the same. These options were issued as compensation for consulting services, such
as financing introductions, Social Media SEO, and website related services, as outlined in an agreement
dated April 1, 2020. The amount issued to the arms’ length consultant is in compliance with TSX policy 3.4.
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 ma inly 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 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 th at 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.