Mr. ScottEmerson reports

LAS COLORADAS PROJECT GEOLOGY UPDATE

Kingsmen Resources Ltd. has provided an update on the detailed, 1:5,000-scale geological mapping of the 100-per-cent-owned Las Coloradas project, including the Soledad and Soledad II structures, and their subsidiary structures. Located 30km from Hildago, Parral, Chihuahua, Mexico the Soledad structures were historically mined by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.

Scott Emerson, President commented: "Kingsmen is making significant progress in sourcing and compiling exploration data for the Las Coloradas project. As the database grows new exploration opportunities are becoming apparent in the recognition of mineralized structures apart from Soledad and Soledad II, and the potential for epithermal gold-silver mineralization. The structures have not been drilled at depth or along strike. As well, new targets are being identified in the consolidated land position where new claims have been added."

Kingsmen's new geological map (Figure 1) delivers an excellent understanding of the mineralization and its structural control(s). The mineralization is shallow, high-grade, silver-gold-lead-zinc-copper quartz-calcite veins hosted by all rock types in structures that cut all rock types. The mineralized structures may go to significant depths. Flexures, intersecting structures, en echelon veins, and dilation zones control the development and location of individual bodies of mineralization. Two important areas of mineralization are currently recognized. The first is at the southeast end of the Soledad structure (see News Release dated June 7, 2023). The second is the cluster of old workings at the northwest end of the Soledad II structure.

The Las Coloradas mineralization is on the southeast flank of a prominent aeromagnetic high interpreted to be a buried felsic intrusive body (Figure 2). The felsic intrusives associated with the Soledad and Soledad II structures are likely linked to this body and the setting is favourable for porphyry, skarn and epithermal vein mineralization.

While the strongest mineralized orientation is NW-trending there are also quartz veins/structures with a NE-trend. The geometry of the veins/structures suggests radial fracturing of the country rocks above the buried felsic intrusive resulting in ground preparation for mineralization.

Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9640/173020_7b33fd5834724b56_003full.jpgFigure 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9640/173020_7b33fd5834724b56_004full.jpg

About Las ColoradasThe 100% owned 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 Coloradas is in the Parral mining district of the Central Mexican Silver 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 PersonKieran 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 ResourcesIn 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. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRF) and is headquartered in Vancouver, British Columbia.

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