Kingsmen Resources Announces Exploration Plans for Las Coloradas and Almoloya Projects Following Fully Funded Financing

Executive Summary

• Kingsmen Resources announces fully funded exploration programs for its 100% owned Las Coloradas (high‑grade silver) and Almoloya (gold/silver) projects in Chihuahua, Mexico, following a closed bought‑deal private placement.
• Planned step‑out and deeper drilling will target the Soledad & Soledad II vein systems (≈700 m remaining), as well as new priority targets at Saddle and Silvia/La Plata zones.
• At Almoloya, initial diamond drilling will focus on historic gold‑rich Juliettas structures and reconnaissance work will precede detailed geophysics at the former Cigarrero CRD mine.

Key Details

• Financing: Completed bought‑deal private placement on 2026‑02‑11; proceeds fully fund accelerated exploration across both projects.
• Las Coloradas – High‑Grade Silver Project
• Step‑out and deeper drilling planned on Soledad & Soledad II vein systems.
• Approximately 700 m of the Soledad structure remains untested; Soledad II (1.7 km) has only one shallow hole drilled, offering strong discovery potential.
• New priority targets identified at Saddle (≈3 km west of Soledad II) and Silvia/La Plata zones, featuring anomalous Au, Ag, Cu, Pb, Zn, As, Sb, etc.

• Historical Drill Results (2025 program) – five holes intersected high‑grade shallow silver–gold mineralization:

• LC‑25‑004: 3.15 m @ 241 Ag ppm, 131 Ag eq ppm, 0.084 Au ppm (incl. 1.15 m @ 525 Ag ppm).

• LC‑25‑005: 7.7 m @ 142 Ag ppm, 89 Ag eq ppm; additional intervals of 0.35 m @ 704 Ag ppm and 0.6 m @ 1,379 Ag ppm.
• LC‑25‑008: 10.5 m @ 217 Ag ppm, 97.4 Ag eq ppm; deeper interval 1.6 m @ 1,379 Ag ppm.
• LC‑25‑010: 13.35 m @ 138 Ag ppm, 64.3 Ag eq ppm; higher‑grade intervals of 1.45 m @ 1,028 Ag ppm and 0.7 m @ 1,742 Ag ppm.

• LC‑25‑012: 4.8 m @ 90 Ag ppm, 52.26 Ag eq ppm; higher‑grade interval 1.3 m @ 270 Ag ppm.

• All intercepts remain open in all directions, indicating potential for deeper, larger zones of mineralization.

• Almoloya – Gold/Silver Project
• Initial diamond drilling to target gold‑rich Juliettas structures; historic production and extensive underground workings provide a strong exploration base.
• Cigarrero Mine (CRD) historically produced ~1.25 Mt @ 600 g/t Ag, 40% Pb, 25% Zn with oxide material extending to ~400 m depth. Reconnaissance work planned before detailed geophysics and drilling.
• Geological Context – Both projects lie within prolific Mexican silver‑gold districts (Parral, Central Mexican Silver Belt) with structural analogues to major deposits such as Santa Barbara, San Francisco del Oro, Los Gatos (First Majestic), and Cerro Minitas.

Notable Quotes

“With the successful completion of our upsized bought‑deal financing, Kingsmen is exceptionally well positioned to aggressively advance exploration across both the Las Coloradas and Almoloya projects… 2026 will be a transformative year for the Company.” – Scott Emerson, President & CEO

All technical data reviewed and approved by Qualified Person Kieran Downes, Ph.D., P.Geo.