Kingsmen Resources Closes $1.14 Million Private Placement

VANCOUVER, BRITISH COLUMBIA – May 21, 2025 – Kingsmen Resources Ltd. announced today the closing of its non-brokered private placement, initially announced on April 15th and April 23rd, 2025. The company raised gross proceeds of $1,135,000 by issuing 1,576,389 units at $0.72 per unit.

Each unit comprises one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase an additional common share at $1.05 for a period of two years following the closing date. The net proceeds from this financing are earmarked for the advancement of the Las Coloradas Silver/Gold project in Mexico and for general working capital purposes.

Insiders of the company also participated in the private placement, acquiring 25,214 units for a total of $18,154. This participation was considered a "related party transaction" but was exempt from formal valuation and minority shareholder approval requirements under applicable regulations. All securities issued are subject to a four-month hold period and require final regulatory approval from the exchange.

Separately, Kingsmen Resources has been sponsoring the Resource Stock Digest (RSD) website. Principals of RSD, Nick Hodge and Gerardo Del Real, collectively hold approximately 2% of the company's outstanding shares post-financing. The company's primary focus remains the Las Coloradas project, a historic high-grade silver mine in Mexico.