Kingsmen Expands Land Position IN Historic MINE District
Exploration drives the company.
TSX-V: KNG
OTCQB: KNGRF
Suite 1305, 1090 West Georgia Street | Vancouver, BC, V6E 3V7, Canada
Tel: (604) 685-9316| Fax: (604) 683-1585
KINGSMEN EXPANDS LAND POSITION IN HISTORIC MINE DISTRICT
VANCOUVER, BRITISH COLUMBIA – April 4, 2023 (TSXV:KNG), (OTC:KNGRD), Kingsmen
Resources Ltd. ("Kingsmen" or the “Company") is pleased to report the acquisition of a new 342 hectare
claim adjacent to its 100%-owned, brownfield Las Coloradas high-grade vein, silver-gold-lead-zinc-copper
project located in the SE part of the Parral mining district of Chihuahua, Mexico
(www.kingsmenresources.com). The claim was purchased from an arm’s length vendor independent from
the company and the vendor of the Las Coloradas project, claims, and is unencumbered by any royalties or
other interests. The claim is an exempt transaction under policies of the TSX.V.
The newly acquired claim immediately adjoins the Company’s Las Coloradas project area to the west and
south giving the Company control over this significant area. The claim covers prospective geology, and
structural and geophysical targets, and will now form part of the Las Coloradas project. As well, a prominent
northeast structural trend has been noted in the geology. A northeast structural trend is the main control on
mineralization at Discovery Silver’s Cordero silver deposit, 35 km northeast of Parral.
Scott Emerson, President “The acquisition is in line with our aggressive strategy to become the pre-eminent
explorer in this historic mining district”.
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The Las Coloradas project offers excellent exploration potential. Historic mining of high-grade vein, silver-
gold-lead-zinc-copper terminated at the water table at depths of +/- 125 meters, and examples of skarn and
porphyry mineralization have also been found. New orientations of mineralization are now being found
outside of the old workings of the Las Coloradas mine and on the newly acquired claim. The old Las
Coloradas mine has similar geology to the Parral mining district where vein mineralization persists to depths
of 600 – 1,000 meters.
Qualified Person
Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed
and approved the scientific and technical disclosure set out in this news release.
About Kingsmen Resources
In line with Kingsmen’s organic-growth strategy, the Company’s focus is on exploration and development,
and is currently focused on district-scale exploration for precious metals in the prolific mining districts of
Parral Mexico. In addition, the Company holds a 1% NSR on the Lo s Ricos north project operated by
GoGold Resources. The Company’s leaders have extensive experience in the mining and financial sectors.
Kingsmen is a publicly -traded company (TSX.V: KNG; OTCQB: KNGR D) and is headquartered in
Vancouver, British Columbia.
On behalf of the Board,
Signed: “Scott Emerson”
Scott Emerson,
President & CEO
Phone: 6046859316
Email: [email protected]
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
All statements, trend analysis and other information contained in this press release about anticipated future events
or results constitute forward -looking statements. Forward -looking statements are often, but not always, identified
by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements
that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions.
All statements, other than statements of h istorical fact, included herein, including, without limitation, statements
regarding the completion of the acquisition of the Las Coloradas Project and receipt of regulatory approval, are
forward-looking statements. Although Kingsmen believes that the expe ctations reflected in such forward -looking
statements and/or information are reasonable, undue reliance should not be placed on forward -looking statements
since Kingsmen can give no assurance that such expectations will prove to be correct. These statement s involve
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 statements, including the risks, uncertainties and other factors
identified in Kingsmen’s periodic filings with Canadian securities regulators, and assumptions made with regard to:
Kingsmen’s ability to make the required payments under the definitive agreements; and Kingsmen’s ability to secure
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the necessary regulatory approvals. Forw ard-looking statements 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 statements. Important factors that could ca use actual results to differ materially from
Kingsmen’s expectations include risks associated with the business of Kingsmen; risks related to the satisfaction or
waiver of certain conditions to the closing of the acquisition of the Las Coloradas Project; n on-completion of the
acquisition of the Las Coloradas Project; risks related to exploration and potential development of the Las Coloradas
Project; 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 in the exploration and development of
properties and the issuance of r equired 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 Kingsmen’s filings with Canadian securities regulators on SEDAR in Ca nada (available at www.sedar.com).
Forward-looking statements are based on estimates and opinions of management at the date the statements are
made. Kingsmen does not undertake any obligation to update forward looking statements except as required by
applicable securities laws. Investors should not place undue reliance on forward-looking statements.