Kingsmen Announces Agreement to Sell 49% of the LA Trini Property

TSXV: KNG

OTCQB: TUMIF

Suite 1305, 1090 West Georgia Street | Vancouver, BC, V6E 3V7, Canada

Tel: (604) 685-9316| Fax: (604) 683-1585

KINGSMEN ANNOUNCES AGREEMENT TO SELL 49% OF THE LA TRINI PROPERTY

Vancouver, British Columbia, Canada, February 18, 2020– Kingsmen Resources Ltd. (the

“Company”) (TSX-V:KNG/OTCQB :TUMIF) is pleased to announce that on February 18, 2020 the

Company entered into an agreement (the “Agreement”) to sell 49% of the Company’s La Trini property

located in Jaliso, Mexico (the “Property”) to an arm’s length purchaser (the “Purchaser”) in consideration

for US$225,000. The Company has also provided the Purchaser with an option (the “Option”) to acquire

the remaining 51% of the Property by paying the Company US$210,000 on the second anniversary of the

Agreement, subject to acceleration provisions. The Company will retain a 1% NSR on the Property. The

Purchaser may repurchase the 1% NSR at any time by paying the Company US$1,000,000. If the

Purchaser does not exercise the Option within the applicable time period, then the Option will expire and

the Company may repurchase the Purchaser’s 49% interest in the Property. The Agreement is subject to

the approval of the TSX Venture Exchange (the “Exchange”).

We seek Safe Harbor.

On behalf of the board:

“Scott Emerson”

President and CEO

For additional information, please contact:

Scott Emerson, President and CEO 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.