Veins Confirming Historic Data

VANCOUVER - Kingman Minerals Ltd. reported that the receipt of assays for borehole MH-02 which completed at a depth of 806 ft (345.7 m). The hole was angled at -70 degrees to horizontal so that it would pass through the two veins beneath the 250-foot level of the mine workings. The first intersection was encountered at 272-276 ft (82.9-84.1 m) and assays showed gold values of 3.4 g/t and 85.4 g/t silver over 4 ft (1.2 m) including a 1 ft interval of 8.44 g/t gold and 85.4 g/t silver. The second intersection occurred at 338-343 ft (103.0-104.5 m) and ran 19.1 g/t gold and 11.1 g/t silver over 5 ft (1.5 m) including a 1 ft interval at 94.5 g/t gold and 40.2 g/t silver. True width of the first interval is calculated to be 0.8 ft (0.25 m). The true width of the second intercept is 1.0 ft (0.32m). Similar to the other boreholes, MH-02 encountered disseminated sulfides and large intercepts of hydrothermal alteration along veins, fractures, and regions adjacent to the gold-bearing veins themselves.

"We are excited to see anomalous gold values from both the first and second veins from the MH-02 borehole. The assay values from the first intercept are encouraging as they show proof of fertile hydrothermal activity along the eastern contact with the assay values from the second intercept being of immensely impressive and unprecedented grade," said, Brad Peek, M.Sc. CPG and Qualified Person for the Mohave Project.