Kingsmen Signs Land Access Agreements
Exploration drives the company.
TSX-V: KNG
OTCQB:KNGRF
1305 – 1090 West Georgia Street, Vancouver, BC, Canada. Tel: 604.685.9316
KINGSMEN SIGNS LAND ACCESS AGREEMENTS
VANCOUVER, BRITISH COLUMBIA - May 9, 2023 (TSXV: KNG), (OTC: KNGRF), Kingsmen
Resources Ltd. (“Kingsmen” or the “ Company”) is pleased to report that multiyear land access
agreements have been signed for its Las Coloradas Project located 30km from Hildago, Parral, Chihuahua,
Mexico. Kingsmen will commence it’s planned exploration program in preparation of a diamond drilling
program.
Scott Emerson, President commented: “ obtaining land access at Las Coloradas is a key step in the
progression of exploration work. Access has been granted over key areas of historic silver-gold mining
activities.”
The Las Coloradas Project ( 8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district
which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American
Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.
Las Colorad as is in t he Parral mining district of the Central Mexican Si lver Belt, and is located
approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San
Francisco de Oro and Santa Barbera mining districts where several old major mines are located, such as La
Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major
mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north
of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map,
https://www.kingsmenresources.com/area-history
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 high -margin metallic mineral deposits in the
prolific mining districts of Parral Mexico. In addition, the company has a 1% NSR on the Los Ricos North
project in Mexico operated by GoGold Resources Inc. The Company’s leaders have extensive experience
in the mining and financial sectors. K ingsmen is a publicly -traded company (TSX.V:KNG; OTCQB:
KNGRF) and is headquartered in Vancouver, British Columbia.
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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 f uture 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 historical fact, included herein, including, without limitation, statements
regarding the completion of t he acquisition of the Las Coloradas Project and receipt of regulatory approval, are
forward-looking statements. Although Kingsmen believes that the expectations 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 statements 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
the necessary regulatory approvals. Forward -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 cause actual results to differ materially from
Kingsmen’s expectations include risks associated with the b usiness of Kingsmen; risks related to the satisfaction or
waiver of certain conditions to the closing of the acquisition of the Las Coloradas Project; non -completion of the
acquisition of the Las Coloradas Project; risks related to exploration and potentia l 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 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 Kingsmen’s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com).
Forward-looking statements are based on estimates and opinions of man agement 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