Kingman Minerals Ltd. announced the successful completion of its acquisition of 100% ownership of the 72 Rosebud Mining Claims, including the historic Rosebud Mine, with the final payment to Seguro Project Inc. This strategic move, aligning with the surge in gold prices to all-time highs, positions Kingman Minerals Ltd. for significant growth in the precious metal exploration and development sector. The recent acquisition of the 72 Rosebud Mining Claims by Kingman Minerals Ltd., encompassing the historic Rosebud Mine and surrounding mining claims, as part of the Mohave Project in Mohave County, Arizona, marks a significant milestone in the company's portfolio. Through the successful exercise of its Option Agreement (the "Option Agreement" or the "Agreement") with Seguro Projects Inc., dated September 13, 2019, has now gained full control of a promising exploration, development and mining asset in a Tier 1 mining jurisdiction, aligning with its company's vision and business model.

Strategic Acquisition and Jurisdiction: The complete acquisition of the Rosebud Mine rights located at about 26 miles North of Kingman in the Mohave County, Arizona, USA. underscores Kingman's commitment to consolidate and advancing its portfolio of precious metal mineral exploration assets in world class jurisdiction in a region known for mineral-rich deposits and mines. Rich History and Potential: The Rosebud Mine, located in the Music Mountains of Mohave County, Arizona, has been a site of high-grade gold and silver discoveries since the 1880s.

With a past of substantial underground development, including a 400-foot shaft and about 2,500 feet of drifts, raises, and crosscuts, the site holds significant potential for future exploration and extraction. Market Outlook: With gold prices at an all-time high, Kingman is uniquely positioned to leverage the increasing market demand for precious metals. The acquisition is a critical step in enhancing our exploration capabilities and market footprint.

Net Smelter Return (NSR) Agreement: A 2% Net Smelter Return is included in the agreement, with an option for the Company to repurchase it in full at any point prior to commercial production. The company is currently renegotiating the commercial terms of the NSR and is going to provide updates in due course.