Placement”) by issuing 6,345,384 units (the “Units”) at a price of $0.0 65 per Unit. Each Unit consists of one common share a ( “Common Share ”) of the Company and one common share purchase warrant (a “ Warrant”). Each Warrant entitles the holder to purchase one common share of the Company at a purc

TSXV: KNG

OTCQB: TUMIF

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

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

NEWS RELEASE

Vancouver, Britis h Columbia, Canada, September 30, 2019 – Kingsmen Resources Ltd . (TSXV:KNG)

(OTCQB:TUMIF) (the “Company” or “Kingsmen”) , is pleased to announce that further to its news release

dated August 15, 2019, Kingsmen has closed $412,450 of its non-brokered private placement (the “ Private

Placement”) by issuing 6,345,384 units (the “Units”) at a price of $0.0 65 per Unit. Each Unit consists of one

common share a ( “Common Share ”) of the Company and one common share purchase warrant (a “ Warrant”).

Each Warrant entitles the holder to purchase one common share of the Company at a purchase price of $0. 085 per

Common Share for a period of two years.

All securities issued to purchasers under the Private Placement will be subject to a four -month hold period

commencing from the closing date pursuant to applicable securities legislation and the policies of the TSX Venture

Exchange (the “TSXV”).

The Company also announces that the TSXV has granted an extension to October 15, 2019 to complete the balance

of the Private Placement as the company awaits receipt of final documentation.

For additional information, please contact:

Scott Emerson, President and CEO at (604) 603-0074 or

Email: [email protected]

Website: www.kingsmenresources.com

Cautionary Note Regarding Forward –Looking Statements:

This news release contains certain forward-looking statements, including statements regarding the Offering of Units

and the Company’s ability to complete the Offering and receiving acceptance from the TSX Venture Exchange to the

completion of the Offering and the Company’s proposed plans for the use of proceeds. These statements are subject

to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the

forward-looking statements. Factors that could cause actual results to differ materially from those in forward-

looking statements include the Company does not complete all or any part of the Offering, the Company does not

receive regulatory acceptance to the Offering; changes in metal prices, changes in the availability of funding,

unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky

business. Accordingly the actual events may differ martially from those projected in the forward- looking statements.

When relying on forward- looking statements to make decisions, investors and others should carefully consider the

foregoing factors and other uncertainties and should not place undue reliance on such forward- looking statements.

The Company does not undertake to update any forward looking statements , oral or written, made by itself or on its

behalf.