Kingman closes $113,400 final tranche of financing

Mr. Simon Studer reports KINGMAN CLOSES OVERSUBSCRIBED FINANCING, ANNOUNCES ADDITIONAL RAISE Kingman Minerals Ltd. has closed the second and final tranche of its previously announced oversubscribed non-brokered equity financing, consisting of the issuance of an aggregate of 1.62 million units at a price of seven cents per unit for aggregate gross proceeds of $113,400. Together with the first tranche of the offering, the company issued 8,756,471 units, raising gross proceeds of $612,953, and issued an aggregate of 163,200 finder warrants and paid $11,424 in finders' fees. Insider participation Following the company's news release dated Sept. 2, 2025, certain directors and officers of the company subscribed for an aggregate of 2,516,826 units, for gross proceeds of $176,177.82, in the first tranche of the offering. No insiders participated in the second tranche. Planned follow-on financing In response to continued investor interest, the company also announces its intention to undertake a follow-on non-brokered private placement of up to $500,000, on the same terms as the offering. Use of proceeds and technical focus The net proceeds of the offering will be used to advance Kingman's flagship Mohave project in Mohave county, Arizona, including the fully owned, past-producing Rosebud mine. The primary focus of this next phase is to support permitting, drill targeting and integrated technical work. To date, Kingman has completed two rounds of underground sampling and two phases of core drilling. This work has substantiated historical accounts reporting significant gold and silver grades from both underground workings and drill holes. Deeper drilling (for example, hole MH-07) has also revealed pervasive alteration and porphyry-style intrusive rocks, indicating the potential for a broader mineralized system at depth. Multiple vein structures remain open along strike and untested across subparallel trends. The company is currently preparing a National Instrument 43-101 technical report to consolidate over a century of historical data alongside recent exploration results. Geological interpretations remain under active review and refinement as part of the company's technical program, with a specific focus on completing the steps required to obtain drill permits. Finder compensation and unit terms In connection with this closing tranche, Kingman will pay cash finders' fees of $6,804 and issue 97,200 non-transferable finder warrants to eligible arm's-length parties. Each finder warrant entitles the holder to acquire one common share of the company at an exercise price of nine cents until Sept. 9, 2027. Each unit issued in the offering consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of nine cents for a period of 24 months from the date of issuance. All securities issued pursuant to the offering will be subject to a statutory four-month hold period. The offering, including finders' fees and warrants, is subject to final approval by the TSX Venture Exchange. Qualified person The technical information contained in this news release has been reviewed and approved by Brad Peek, MSc, CPG, who is a qualified person with respect to Kingman's Mohave project, as defined under NI 43-101. About Kingman Minerals Ltd. Kingman is a publicly traded exploration and development company focused on precious metals in North America. The company's flagship project is the 100-per-cent-owned historic Rosebud mine, located in the Music Mountains in Mohave county, Arizona. High-grade gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late 1920s and 1930s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts. The company believes that further exploration drilling and sampling along strike and depth extensions of existing and additional vein structures are essential to fully evaluate the project's potential. We seek Safe Harbor.