Kingsmen Granted Option to Acquire 100% of the Gold/Silver Almoloya Project in the Parral Mining District, Chihuahua, Mexico

Kingsmen Resources announced it has been granted the option to acquire a 100% interest in the Almoloya Gold/Silver Project, located in the Parral Mining District of Chihuahua, Mexico. This finalizes the Letter of Intent (LOI) first announced on July 9, 2025. The acquisition terms involve staged cash payments over eight years, with a relatively low initial commitment of US$325,000 total over the first two years (US$75,000 in the first year). The company highlighted that the favourable terms allow it to focus capital on exploration rather than tenure payments, expanding its footprint in a prolific mining district.

The news is a positive confirmation that the company is executing its previously stated strategy of consolidating prospective, historically producing assets in the Parral district. The acquisition of the Almoloya project on what appear to be favourable, low-risk terms (minimal upfront cash) adds a second key asset to the company's portfolio.

However, the impact of this news is routine rather than material. The market has been aware of the company's intent to acquire this project since the LOI was announced in July 2025. The stock's primary driver and the market's focus remain squarely on the pending assay results from the recently completed drill program at the company's flagship Las Coloradas project. The first hole from that program, announced on September 24, 2025, yielded a very high-grade intercept (1,742 g/t AgEq over 0.7m) and caused a significant re-rating of the stock.

This acquisition news confirms management's ability to execute deals but does not fundamentally change the near-term investment thesis, which hinges entirely on the results of the remaining 11 drill holes from Las Coloradas. Therefore, while strategically positive for the long term, this news is overshadowed by the much more significant near-term catalyst of pending drill results.

Kingsmen Resources Ltd. is a Canadian junior exploration company focused on acquiring and advancing precious metals projects in Mexico. Its strategy centers on consolidating historically producing mining districts that have been fragmented and underexplored with modern techniques.

The company's flagship project is the 100%-owned Las Coloradas silver project, an 8.5 sq km land package in the prolific Parral mining district of Chihuahua, Mexico. The project hosts past-producing underground mines operated by ASARCO. Kingsmen has systematically advanced the project through geophysics and sampling, culminating in a maiden 12-hole, 3,227-meter drill program in 2025. The first assay results from this program confirmed the company's exploration thesis, intersecting high-grade silver mineralization below the historic workings. With the recent acquisition, the Almoloya project, located 30km away, becomes the company's second key asset.