Kingman Finalizes 3D Magnetic Model and Engages Altar Drilling for Phase III at Mohave

Executive Summary

• Kingman Minerals completed a project‑scale three‑dimensional magnetic vector inversion (3D MVI) model for the Mohave Project, identifying northwest‑trending magnetic lineaments that align with historic vein structures.
• The company engaged Altar Drilling Inc. to execute a Phase III diamond drill program consisting of seven HQ holes (~815 m total) targeting extensions of the Southwick vein corridor near the Rosebud Mine.
• Mobilization is slated to begin immediately after receipt of final water‑use authorization, with drilling expected to start on or about February 25, 2026.

Key Details

• 3D MVI Model: Produced by Fathom Geophysics LLC using high‑resolution drone‑based airborne magnetic data collected Dec 2025; highlights coherent NW‑trending magnetic features that correspond to mapped veins and historic workings at the Rosebud Mine.
• Geophysical Interpretation: Edge detection of magnetization‑vector amplitude sharpened lineament boundaries, providing a structural framework for drill target selection across the project area.
• Drill Contractor: Altar Drilling Inc., Tucson, AZ – experienced in HQ diamond drilling in structurally complex terrain.
• Phase III Program Scope: 7 HQ‑diameter holes; total planned depth ≈ 815 m (2,673 ft); targets southeastern and northwestern extensions of the Southwick vein corridor contiguous with historic Rosebud Mine workings.
• Permitting Status: Drill permits already secured; program to proceed from existing disturbances under an approved BLM Notice of Intent.
• Mobilization Timeline: Commences upon receipt of final water‑use authorization from Arizona Department of Water Resources; drilling anticipated to begin ≈ Feb 25, 2026, subject to timely mobilization.
• Core Handling: Drill core will be logged, sampled, and processed under supervision of Kingman’s technical team; samples to be sent to Skyline Assayers Inc. for analysis.
• Qualified Person: Brad Peek, MSc, CPG (NI 43‑101 Qualified Person) reviewed and approved the technical information.

Notable Quotes

“With the drill permits in hand, the 3D MVI interpretation complete, and the drill contractor engaged, the next steps are mobilization and drilling.” – Simon Studer, Interim CEO, President & Director, Kingman Minerals Ltd.

Materiality Assessment: Non‑Material – Positive (provides a forward‑looking operational update that is favorable but does not constitute a material financial event).