Kingman Upgrades Us Listing To The OTCQB Market And Prepares For Expansive Phase II Drill Program

Vancouver, B.C. (May 5, 2021) Kingman Minerals Ltd. (“Kingman” or the “Company”) (TSX.V: KGS, FSE: 47A1, OTCQB: KGSSF) is pleased to announce that the Company has completed the graduation of its US Listing from the OTC Pink Sheets to the OTCQB. Effective as at market open on May 4, 2021, Kingman traded as an OTCQB issuer under the symbol “KGSSF”.  The OTCQB® Venture Market offers investors transparent trading in entrepreneurial and development stage U.S. and international companies that may not yet quality for OTCQX.

Company Benefits on OTCQB

• Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
• Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
• Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
• Greater information availability for investors through the OTC Disclosure & News Service
• Transparent prices for investors through full depth of book with Real Time Level 2 quotes

Companies use the OTC Disclosure & News to post disclosure and company news for investors. Annual and interim reports, news releases, material events, investor videos, and presentations appear on www.otcmarkets.com and the company quote page. Companies can also elect to have this information feed directly to PR Newswire’s expansive network, including local, national and Reg. FD-compliant news portals. OTC Disclosure & News also distributes fundamental data in XBRL format through EDGAR Online to investment databases and financial sites such as Yahoo! Finance.

Mohave Gold Project

Kingman is in the final stages of permitting a second phase of drilling of the Mohave Project and the historic Rosebud Mine. The Company has proposed a 24-hole program including a number of significant holes down to depths of 3000 ft (914m). “This program is designed to further examine the size and extent of the 8 veins on the Property including any “pinch and swell” trends as well as further indicators supporting a larger porphyry system. According to historical data, less than 20 percent of the suggested 75,500 ft of veining (including the neighbouring Music Mountain veins) have been surveyed. This means enormous potential exists and still remains unexplored” commented Peter Born P.Geo., director and newly appointed interim President and CEO of the Company.

Mr. Arthur Brown, formerly President and CEO, will assume the role of Chairman. The Company would also like to announce the resignation of Mr. Sandy MacDougall as Chairman, Interim CFO, and Director. Mr. MacDougall will remain a consultant and advisor on the Mohave Project.  

About Kingman

Kingman Minerals Ltd. is currently engaged in the business of precious metal mineral exploration for the purpose of acquiring and advancing non grass roots mineral properties located in mining friendly jurisdictions of North America.

The Mohave Project (the “Project”) is located in the Music Mountains in Mohave County, Arizona and is comprised of 71 lode claims which are inclusive of the past producing Rosebud Mine (the “Rosebud”). High grade gold and silver veins were discovered in the area in the 1880’s and were mined mainly in the late 20’s and 30’s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts.

For further information please contact:

Arthur Brown, Chairman & Director
(604) 685-7720 
moc.slarenimnamgnik@nworbtra
www.kingmanminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Kingman believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Kingman disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.