Summary

Figure 1 – Plan view of the Rosebud Mine workings showing the 100, 200 and 250-foot levels of the mine and the trace of the veins at surface (from Guilinger, 2013).

Rosebud was discovered in the 1880’s and was mined mainly in the late 20’s and 30’s. The underground workings consist of a total of 2,300 feet of drifts, raises and crosscuts. Mining took place pre-dominantly at the 100-foot level. Two major stopes are present from which approximately 3,000 tons of ore was removed.

The most recent mapping of the Rosebud mineralization zones was in March of 1984. The mapping was carried out below the surface and on the surface. Extensive sampling of the mineralized shear zones was conducted in order to delineate ore zones. The assay results of 139 samples as well as the results of an October 1983 sampling program were used to delineate and postulate ore zones in the Rosebud Mine area. The outlined ore is possible and probable (note these are neither 43-101 nor JORC compliant). According to this data, probable ore is 15,560 tons. Possible (Inferred) ore is comprised of 176,000 tons and additional possible (Inferred) ore is spread across 8 parallel to sub parallel veins on the Rosebud Property and total slightly over 1,100,000 tons. Total contained gold ounces for all categories are estimated at 664,000 ounces and contained silver at 2,600,000 ounces.** Kingman intends to twin these results in order to confirm the veracity of the data.

**Note: This data has been excerpted from reports on past work completed on the property and is historic in nature. The Company has not yet reproduced these results and cannot currently verify their validity.