Kingsmen Identifies Significant New Silver-GOLD Drill Target ON the Las Coloradas Project

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Exploration drives the company.

TSX-V: KNG

OTCQB: KNGRF

KINGSMEN IDENTIFIES SIGNIFICANT NEW SILVER-GOLD DRILL TARGET ON THE

LAS COLORADAS PROJECT

VANCOUVER, BRITISH COLUMBIA December 3 , 2024 (TSXV: KNG), (OTC: KNGRF), Kingsmen

Resources Ltd. (“Kingsmen” or the “Company”) is pleased to report as part of its ongoing field reconnaissance

in preparation for the upcoming drill program, it has identified a new significant silver-gold drill target (Saddle) on

its 100% owned Las Coloradas project, which is in the Parral mining district of the Central Mexican Silver Belt,

Chihuahua Mexico. The identification of the Saddle target adds to the Company’s list of priority drill targets.

The Saddle target is located between two prominent magnetic highs where a deep wedge of volcanics/sediments, and

veins/structures prospective for epithermal precious metal, skarn and porphyry mineralization are interpreted to

underlie surface precious metals anomalies - see inset C on Figure 1. Two lines of induced polarization/resistivity

(IP/R) from a survey partly overlap old, historic Saddle workings at their SE end. Chargeability anomalies interpreted

to be part of the Saddle target are identified on insets A and B on Figure 1. Interpreted veining/structures are shown

as white lines. The geophysics indicate the potential for the discovery of significant blind mineralization.

Figure 1

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Prospecting has identified anomalous gold and silver values with associated copper, lead, zinc, arsenic, bismuth, and

antimony (Figure 2, 3, 4 & 5; Table 1) associated with quartz -carbonate veins and magnetic linears . The area of

anomalous geochemistry both includes and is adjacent to the targets indicated by geophysics. Exposure is limited in

the area because of widespread soil/alluvium cover. However, anomalous silver , gold and other metal values in

prospecting samples indicate the potential for the discovery of significant blind mineralization in this area.

Scott Emerson, President commented: “There exists the potential of blind mineralization at Saddle. The identification

of the Saddle target adds to its priority as a drill target. Other reported examples of significant blind mineralization

are the Pensquito (Zacatecas) operated by Newmount and Cerro Las Minitas(Durango) project operated by Southern

Silver in Mexico.”

Table 1

Figure 2 Figure 3

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Figure 4 Figure 5

About Las Coloradas

The Las Coloradas Project ( 8.5 km 2 -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 Coloradas is in the Parral mining district of the Central Mexican Silver Belt, and is located approximately 30

kilometers southeast of the city of Hidalgo de Parral and 40 kilometers east of the San Francisco de Oro and Santa

Barbara 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 its Las Coloradas Project in Mexico. In

addition, identifying district-scale, high -margin metallic mineral deposits in the prolific mining districts of Parral

Mexico. The company also has a 1% NSR on the La Trini Project located within 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. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRF) and is headquartered

in Vancouver, British Columbia.

On behalf of the Board

/s/ “Scott Emerson”

Scott Emerson,

President & CEO Phone: 604 685 9316

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.

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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 historical 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 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 business of Kingsmen; risks related to the satisfaction or waiver of certain conditions to the clos ing of the

acquisition of the Las Coloradas Project; non-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 a nd 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 management at the date the statements are

made. Kingsmen does not undertake any obligation to update forward looking statements except as requir ed by applicable securities

laws. Investors should not place undue reliance on forward-looking statements.