Kingsview Minerals Ltd. (CSE: KVM) (FSE: 0L4) (the 'Company' or 'Kingsview') is pleased to announce results from a field sampling program at the Hubcap Project in the active Wawa Gold Corridor of northern Ontario.

The exploration carried out in the spring of 2023 is part of a multi-phase program across the 15,295-hectare property portfolio expected to take place over the summer of 2023. Current sampling results reported are focused on the Hubcap Project located immediately south of Red Pine Exploration's Wawa Gold Project where Red Pine recently reported a drill intersection of 1.32 grams of gold per tonne (g/t Au) over 100.99 metres (m).

Surface sampling highlights from the Hubcap Main block included: sample E5707121 from HBFS-23-004, which graded 62.60 g/t Au and 6.10 g/t of silver (Ag); sample E5707117 from HBFS-23-002, which graded 30.70 g/t Au and 5.40 g/t Ag with 1400 ppm of copper (Cu) and sample E5707119 from HBFS-23-003, which graded 25.00 g/t Au and 4.40 g/t Ag.

James Macintosh, President and CEO, commented: 'These results from our spring field sampling continue to provide strong evidence that the greenstones and intrusive rocks found at Hubcap resemble the regional geologic setting that has brought Red Pine Exploration so much success. The fact that 40% of the samples collected from outcrops returned gold assays in excess of 2 grams per tonne is very encouraging. We hope to replicate the success of our northern neighbour, given that the encouragingly strong gold values at Hubcap are associated with strong alteration, sulphide mineralization and structural deformation. The results provide excellent targets for our future exploration, including drill testing of the best targets we define.'

About Kingsview Minerals Ltd.

Kingsview is a mineral exploration company focused on its gold and base metal exploration properties, including the flagship 13,056-hectare Echum Project and the 2,239-hectare Hubcap Project, both located in the active Wawa Gold Corridor in Ontario, Canada. The Company's properties are surrounded by advanced infrastructure in a well-developed mining district.

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as 'proposed', 'will', 'subject to', 'near future', 'in the event', 'would', 'expect', 'prepared to' and other similar words or expressions. All statements other than statements of present or historical fact are forward-looking statements and include but are not limited to statements regarding the potential that the projects will yield any precious metals in future exploration programs and the Company's ability to advance its properties.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include the Company's ability to implement a drill program on the projects, that the Company will have sufficient funds available to it and that the Company will continue to be able to retain skilled personnel. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political and social uncertainties; the state of capital markets; there being no assurance that any future exploration program on the projects will result in mineral resources; the inability of the Company to raise sufficient funds and/or retain necessary personnel to conduct its operations; the impact on the business, operations and financial condition of the Company resulting from the announcement of the purchase of the projects; the impact that the recovery post COVID-19 may have on precious metals; failure to realize the anticipated benefits of the transaction described in this press release; other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant and any risks associated with the ongoing COVID-19 pandemic.

You can find further information with respect to these and other risks in filings made with the Canadian securities regulatory authorities that are available on the Company's SEDAR profile page at www.sedar.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

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