Kingman Announces Stock Options

Rhea-AI Summary

Kingman Minerals (OTCQB: KGSSF) announced a board-approved grant of 1,000,000 stock options to officers, directors and consultants on March 10, 2026. Each option is exercisable for one common share at $0.12 per share, vests immediately and has a five-year term. The grant is subject to TSX Venture Exchange approval and the company’s Equity Incentive Plan and applicable securities laws.

Vancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - Kingman Minerals Ltd. (TSXV: KGS) (OTCQB: KGSSF) (FSE: 47A) ("Kingman" or the "Company") is pleased to announce that its Board of Directors has approved the grant of stock options (the "Options") in accordance with the terms of the Company's Rolling Stock Option Plan.

A total of 1,000,000 options have been granted to officers, directors and consultants of the Company.

Each Option entitles the holder to acquire one common share of the Company at an exercise price of $0.12 per share. The Options vest immediately, have a five year term from the date of grant, and are subject to the terms of the Company's Equity Incentive Plan and applicable securities legislation.

The stock option grant is subject to approval by the TSX Venture Exchange.

ABOUT
Kingman Minerals Ltd. (TSXV: KGS) is a publicly traded exploration and development company focused on precious metals in North America. The Company's flagship project comprises the fully owned historic Rosebud Mine, located in the Music Mountains, Mohave County, Arizona. High-grade gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late 1920s and 1930s. Underground development on the Rosebud property included a 400-foot main shaft and approximately 2,500 feet of drifts, raises and crosscuts.

For further information, please contact:

Simon D. Studer
Interim CEO, President & Director
simondavidstuder@gmail.com
Phone: +41 77 459 16 20

Corporate Office
Tel: +1 (604) 685-7720
Email: info@kingmanminerals.com
Web: www.kingmanminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information This news release contains forward-looking information within the meaning of applicable securities laws, including statements regarding the planned scope, timing and execution of the Phase III drilling program, and the potential continuity or extension of the Southwick vein system based on geological and geophysical interpretation. Forward-looking information is based on current expectations and assumptions but involves risks and uncertainties that could cause actual results to differ materially, including drilling conditions, geological variability, contractor performance, permitting requirements, and market conditions. The Company undertakes no obligation to update such information except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288022

FAQ

What did Kingman (KGSSF) announce on March 10, 2026 regarding stock options?

Kingman announced a board-approved grant of 1,000,000 options to officers, directors and consultants. According to Kingman, each option permits purchase of one common share at $0.12, vests immediately, and requires TSX Venture Exchange approval.

What are the exercise price and vesting terms for Kingman (KGSSF) options granted March 10, 2026?

The options carry an exercise price of $0.12 per share and vest immediately upon grant. According to Kingman, the options are subject to the company’s Equity Incentive Plan and applicable securities legislation.

How long is the term of the options Kingman (KGSSF) granted on March 10, 2026?

Each option has a five-year term from the date of grant. According to Kingman, holders have five years to exercise vested options under the terms of the Equity Incentive Plan.

How many shares could be issued if all Kingman (KGSSF) options are exercised?

If all options are exercised, 1,000,000 new common shares could be issued to option holders. According to Kingman, each option converts to one common share at the stated exercise price of $0.12.

Does the Kingman (KGSSF) option grant require regulatory approval and where will that approval come from?

Yes, the stock option grant is subject to approval by the TSX Venture Exchange. According to Kingman, finalization of the grant is conditional on receiving that exchange approval and compliance with securities legislation.