Mr. Scott Emerson reports

KINGSMEN RESOURCES LTD. ANNOUNCES THAT SOLEDAD II STRUCTURE RETURNS HIGH GRADE MULTI ELEMENT SAMPLE RESULTS

Kingsmen Resources Ltd. has released high-grade multielement analyses from the 1.2-kilometre-long Soledad II structure/vein system on the 100-per-cent-owned Las Coloradas project, located in the Central Mexican silver belt in Chihuahua, Mexico. The Soledad II structure is one of three currently identified structure/vein systems on the project. Results are presented in Figure 1 and Table 1.

Highlights:

• Thirty- two (32) samples were analyzed.
• 9 > 300 g/t silver-equivalent (AgEq)
• 4 > 200 g/t AgEq
• 3 > 100 g/t AgEq
• 8 > 0.58 g/t gold

Kingsmen's sampling of residual mineralization in old workings on the NW-trending Soledad II structure/vein system identified four areas of high-grade silver mineralization on the main structure (A, B, C & D) and one on a NE-trending cross structure (E). The silver values and silver equivalents overall reflect the silver-lead-zinc gold-copper composition of the mineralization. Some higher gold values occur in area B (max. 2.89 g/t Au) along with high grade silver.

The old workings on the Soledad II structure are distributed over approximately 800 meters, however, the structure is at least 1.2 km in length. The better silver grades are localized in structural intersections and flexures in all rock types. NE-trending structures are locally recognized where they host mineralization, as in area E, and where they intersect the NW-trending Soledad II structure (areas B and C). A major zone of NE-trending structures lies to the north and the NE-trending structures here are related to that trend. The mineralization likely continues at depth below the water table which is at a depth of approximately 125 meters. Blind extensions to all the mineralized structures, as well as new structures, are probable at depth.

The sizes of the old workings suggest the exploited mineralization may have been up to several meters in width. There are strong similarities/parallels with the mineralization in the underground Santa Barbara mine where vein systems vary from 3 to 6.5 km along strike and the vertical extension of the shoots have a vertical extension of up to 900 meters. The Santa Barbara mine is located 40 kilometers east of the project.

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

Scott Emerson, President, commented: "The recognition of high grade gold and silver mineralization in different locales is important as it may indicate a different style of precious metal mineralization, this work will aid us in our ongoing drill targeting."

The silver equivalent calculation utilizes the standard equation and is based on current spot metal prices of silver $25/oz, gold $2163/oz, copper $4.04/lb, lead $$0.98/lb and zinc $1.16/lb. Recoveries are set at 100% for all metals for purposes of the silver equivalent calculation as no metallurgical test data is available. AgEq is used for illustrative purposes only and does not imply that the metals are economically recoverable.

QA/QC Program

The QA/QC program employes blanks and certified reference standard, and check sampling. Samples from separate areas were analyzed at Actlabs, Zacatecas. Sealed and tagged sample bags were transported to the laboratory where the entire sample was crushed to a nominal -2 mm, mechanically split to obtain a representative sub-sample and then pulverized to at least 95% -105 microns (microm).

All samples were analyzed for gold by Fire Assay Fusion-AA finish. All samples were analyzed for silver by aqua extraction with ICP finish. Multi-element analysis was by four acid extraction with ICP-OES finish.

About Las Coloradas

The 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 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 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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