Kingsmen Drills a New Discovery of High Grade Silver and Gold Mineralization (931 g/t Silver Equivalent with 1.28 g/t Gold over 1.60 Meters (156.4-158.0m))

On December 3, 2025, Kingsmen Resources announced a new discovery of high-grade silver and gold mineralization from its maiden drill program at the Las Coloradas project in Mexico. The results are from hole LC-25-008, which intersected a wide mineralized zone of 10.5 meters grading 200 g/t silver equivalent (AgEq). Within this zone, a higher-grade interval of 1.60 meters returned 931 g/t AgEq, which included 521 g/t silver and a significant 1.28 g/t gold.

According to management, this discovery is significant as it occurs on a previously unknown structure, potentially the third mineralized structure in this new area. The gold values are noted to enhance the overall value of the mineralization significantly. This follows the company's previous high-grade discovery on the Soledad structure, announced in September 2025.

This news is materially positive. While the market anticipates good results after a discovery, this release exceeds reasonable expectations for a follow-up. The key impacts are:

• Confirmation of a Larger System: The initial discovery in September was on the known Soledad structure. This new intercept in hole LC-25-008 is on a separate, previously unknown structure. This validates the company's geological model that Las Coloradas hosts a multi-vein, district-scale system, rather than a single mineralized vein. This substantially increases the exploration potential and overall tonnage profile of the project.
• High-Grade and Significant Gold: The grades are excellent (931 g/t AgEq) and comparable to the bonanza grades in the first discovery hole (1,742 g/t AgEq). Crucially, the gold grade of 1.28 g/t over the high-grade interval is much higher than in the first discovery hole and adds a significant economic credit, improving the potential value per tonne of rock.
• Effective Use of Capital: These results come shortly after the company closed an oversubscribed $4.15 million financing. This demonstrates to the market that the company can raise capital and immediately deploy it to generate value-accretive exploration results. The company is now well-funded to aggressively follow up on both of its high-grade discoveries.

Chronologically, the company has executed its strategy well. It methodically generated targets throughout early 2025, raised funds in May ($1.13M), drilled in the summer, announced a discovery in September, used that discovery to raise a much larger financing at a higher valuation in November ($4.15M at $1.35), and has now announced a second discovery. This progression de-risks the project and demonstrates management's ability to execute.

From a critical perspective, the true width of the intercept is unknown, and these are just two discovery holes out of a twelve-hole program. However, hitting high-grade mineralization in two separate structures in a maiden drill program is a significant exploration success.

Kingsmen Resources Ltd. is a Canadian junior mineral exploration company focused on acquiring and developing high-grade silver and gold projects in Mexico.

Its flagship asset is the 100%-owned Las Coloradas project, an 8.5 sq km land package located in the prolific Parral mining district in Chihuahua, Mexico. The project hosts the past-producing Las Coloradas mine, which was historically exploited by ASARCO. The company's strategy is to apply modern exploration techniques to test for mineralization below the shallow historic workings.

In October 2025, the company also secured an option to acquire 100% of the nearby Almoloya Gold-Silver Project, further consolidating its position in the district.