Kingsmen Resources Closes $4.15 Million Private Placement

Vancouver, British Columbia – Kingsmen Resources Ltd. announced on November 24, 2025, that it has completed a non-brokered private placement, raising gross proceeds of $4,151,250. The company intends to use the funds to further advance its Las Coloradas silver/gold project located in Mexico and for general working capital.

The financing involved the issuance of 3,075,000 units at a price of $1.35 per unit. Each unit consisted of 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 $1.90 for two years from the closing date. A portion of the placement included cash payments and finder's warrants totaling $191,179.36 in cash and 141,614 finder's warrants.

Kingsmen Resources focuses on mineral exploration, with its primary assets being the Las Coloradas silver/gold project and the Almoloya gold/silver project in Mexico. These projects are situated in a prolific mining district and feature historic, high-grade silver mines, suggesting potential for further precious metal deposits.

The company's securities are traded on the TSX Venture Exchange under the symbol KNG and on the OTCQB under the symbol KNGRF. All securities issued are subject to a four-month hold period and regulatory approvals.