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Kingman Minerals Ltd (2)
Symbol KGS
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Kingman Minerals completes drilling at Mohave

2026-04-21 12:59 ET - News Release

Mr. Simon Studer reports

KINGMAN COMPLETES DRILLING AT HIGH-GRADE MOHAVE PROJECT AND HISTORIC ROSEBUD MINE; INTERSECTING THICKEST INTERVALS TO DATE

Kingman Minerals Ltd. has completed its eight-hole phase III core drilling using Altar Drilling of Tucson, Ariz. Phase III drilling targeted a previously untested area near the historic Rosebud mine, which produced high-grade gold approximately 100 years ago. The target area lies southeast of a fault identified through the company's recent drone magnetic survey. The survey was flown by Storm Exploration LLC and interpreted by Fathom Geophysics LLC.

The survey revealed the location of several faults on the property and the magnetic properties of each fault block. The phase III drilling focused on the southeastern side of a major northeast-southwest-trending fault, herein named the Rosebud South fault. The fault was previously undetected because recent gravel deposits hid it. Veins on the northwest side of the fault, the two parallel Southwick veins, were mined 100 years ago and have been confirmed by the company's underground sampling program and two phases of drilling. These veins are high grade (up to several hundred grams per tonne gold) but narrow structures. The veins were traced across the Rosebud South fault by the magnetic survey.

The initial four holes of the phase III program have intersected projections of the two Southwick veins and several other structures. The veins are much thicker than anything seen in the Rosebud mine workings or in the first two drilling phases but appear to consist of the same type of mineralization as in the mine workings. Intercepts of visually encouraging alteration/mineralization up to 26 feet (7.9 metres) (not true width) have been recorded and are being sampled.

The first samples have been delivered to Skyline Laboratories in Tucson, Ariz., for analysis. Assays are pending. Standard National Instrument 43-101 protocols are being used for the handling and sampling of the core.

Brad Peek, consulting geologist and a Kingman Minerals director, stated, "We are very excited by the widths of the structures, the intensity of the mineralization and the number of structures intersected by these first drill holes."

Qualified person

The technical information contained in this news release has been reviewed and approved by Brad Peek, MSc, CPG, a qualified person as defined under NI 43-101, Standards of Disclosure for Mineral Projects. Mr. Peek is a director of Kingman Minerals.

About Kingman Minerals Ltd

Kingman Minerals is a publicly traded exploration and development company focused on precious metals in North America. The company's flagship Mohave project includes the historic Rosebud mine, located in the Music Mountains in Mohave county, Arizona. High-grade gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late 1920s and 1930s. Underground development on the Rosebud property included a 400-foot main shaft and approximately 2,500 feet of drifts, raises and crosscuts.

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