Corporate Update

KINGSMEN RESOURCES LTD.

Suite 1305-1090 West Georgia Street

Vancouver, B.C., V6E 3V7

CORPORATE UPDATE

Vancouver, British Columbia, July 2 , 2019. Kingsmen Resources Ltd. (TSXV:KNG)

(OTCQB:TUMIF) (the “Company” or “Kingsmen”) wishes to provide an update on its current activities.

The Company has been in discussions with a third party for a proposed acquisition of a new business. The

parties have been unable to finalize on the terms of the proposed transaction and have agreed to termina te

discussions at this time.

ON BEHALF OF THE BOARD

Scott Emerson

President and Chief Executive Officer

For further information, please contact:

Scott Emerson at 604-603-0074 or

Email: [email protected]

Website: www.kingsmenresources.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.