Kingsrose Mining Limited (ASX: KRM) ('Kingsrose' or the 'Company') is pleased to announce highgrade gold and silver intercepts from four core drill holes totalling 436.1 metres on the Maul Vein target at the Way Linggo project, Indonesia.

Fabian Baker, Kingsrose Managing Director, commented 'Drilling in May and June at the Maul Vein was completed at the request of, and funded by, PT Kreasi Cemerlang Lestari (PTKCL), as part of their due diligence programme as announced on 1 July 2022. The results provide PTKCL with encouraging information regarding the continuity of near surface mineralisation in the central part of the Maul Vein area and have discovered mineralisation under cover in the southeast.'

Maul Vein Drilling Results

Four diamond drill holes totalling 436.1 metres were completed in May and June 2022. These holes were designed to explore for shallow mineralisation in the southeast part of the project area under thin cover, up-dip from deeper intercepts in previous drilling and confirm grade and thickness continuity in the central part of the project area. A total of fourteen holes for 2241.1 metres have now been completed at the Maul Vein target since it's discovery by Kingsrose in 2021. Drilling at the Maul Vein target has confirmed mineralisation over a strike length of 550 metres and to at least 200 metres below surface. Mineralisation remains open along strike in both directions, and potential remains to discover plunging shoots extending to depth

Contact:

Dani McIntosh

Tel: +61 8 9389 4494

Email: info@kingsrosemining.com

About Kingsrose Mining Limited

Kingsrose Mining Limited is a leading ESG-conscious and technically proficient mineral exploration company listed on the ASX. In 2021 the Company commenced a discovery-focused strategy, targeting the acquisition and exploration of Tier-1 mineral deposits, that resulted in the acquisition of the Penikat and Porsanger PGE-Nickel-Copper projects in Finland and Norway respectively. The Company previously operated the Way Linggo mine in Indonesia, having produced over 200koz gold and 1.5MOz silver, and is currently assessing opportunities for the divestment of this project.

Forward-looking statements

This announcement includes forward-looking statements, including forward looking statements relating to the future operation of the Company. These forward-looking statements are based on the Company's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement to reflect the circumstances or events after the date of this announcement. You are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and the significant volatility, uncertainty and disruption caused by COVID-19.

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