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Kingsmen Resources Ltd (3)
Symbol KNG
Shares Issued 34,523,086
Close 2026-05-12 C$ 1.185
Market Cap C$ 40,909,857
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Kingsmen completes surveys of Las Coloradas, Almoloya

2026-05-12 20:07 ET - News Release

Mr. Scott Emerson reports

KINGSMEN COMPLETES 60 KM2 PRECISION SATELLITE TOPOGRAPHIC SURVEYS AT LAS COLORADAS AND ALMOLOYA, ADVANCING DRILL TARGETING ACROSS THE HIGH-GRADE PARRAL SILVER-GOLD DISTRICT, CHIHUAHUA, MEXICO

Kingsmen Resources Ltd. has completed high-resolution satellite surveys of Las Coloradas (32 square kilometres) and Almoloya (28 square kilometres) projects in Chihuahua, Mexico. The work was conducted by PhotoSat of Vancouver, a world leader in precision satellite topographic mapping.

Kingsmen has detailed topographic contour data at one-, five-, 10- and 50-metre intervals across both projects. This precision data set will be used to more accurately position diamond drill holes and exploration data as the company continues follow-up, stepout and initial drilling of new silver-gold targets.

Kingsmen is preparing a comprehensive 3-D compilation of topography, surface geochemical samples, magnetic data, induced polarization/resistivity data, geology and drill hole data for Las Coloradas project. This integration of data sets, combined with the continuing drill program, is identifying new drill targets and providing a clearer understanding of the vertical and lateral distribution of silver-gold mineralization -- its variants, mineralized structures and their relationship to different geological units including sediments, volcanics and intrusives.

President Scott Emerson commented: "The high-resolution topographic framework from PhotoSat gives us precise positioning for our ongoing Las Coloradas drill program and will sharpen targeting at Almoloya with significantly greater confidence. We look forward to integrating this data set into our 3-D compilation and continuing to unlock the value we see across both projects. We are fully funded and executing on a clearly defined drill strategy."

Survey technical details

The stereo satellite surveys and 50-centimetre precision orthophotos were produced from WorldView-2 and WorldView-1 satellite imagery using PhotoSat's proprietary geophysical satellite processing system. The relative vertical accuracy of the one-metre satellite surveys is better than 20 centimetres over level areas of bare ground. Relative horizontal accuracy of the precision orthophotos is generally better than 50 centimetres over distances of 10 kilometres.

Qualified person

Kieran Downes, PhD, PGeo, a director of Kingsmen, a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.

About Kingsmen Resources Ltd.

Kingsmen Resources is a discovery-driven explorer focused on unlocking the potential of two 100-per-cent-owned precious metal districts -- Las Coloradas and Almoloya -- located in the historic Parral region of Chihuahua, Mexico, one of the most productive silver belts in the world. Both projects cover past-producing high-grade silver and gold mines and lie directly on the structural corridors that host many of Mexico's most notable silver-gold deposits.

Recent drilling at Las Coloradas has confirmed new zones of shallow, high-grade mineralization and highlighted the potential for multiple parallel structures across a 4.5-kilometre trend. At Almoloya, historic drilling, extensive underground workings and multiple vein systems point to strong potential for both vein-hosted and carbonate replacement style mineralization.

Kingsmen also holds a 1-per-cent net smelter return royalty on La Trini claims within GoGold Resources' Los Ricos North project in Jalisco state, Mexico.

We seek Safe Harbor.

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