Kingman Receives ADWR Approval and Mobilizes Altar For Phase III Drilling at Mohave

Rhea-AI Summary

Kingman Minerals (OTCQB: KGSSF) received Arizona Department of Water Resources approval for a Notice of Intention authorizing seven Phase III exploration drill holes at its 100%‑owned Mohave Project.

The company has directed Altar Drilling Inc. to mobilize and expects drilling to begin on or about February 25, 2026. Phase III will test continuity of the Southwick gold‑silver vein corridor beyond the Rosebud Mine, guided by a recent 3D Magnetic Vector Inversion (MVI) model while additional model targets will be mapped and sampled. Technical disclosure was reviewed by Qualified Person Brad Peek, M.Sc., CPG.

Positive

• ADWR approval received for seven Phase III exploration holes
• Drilling mobilized with Altar Drilling directed to site and start ~Feb 25, 2026
• 3D MVI model and structural interpretation used to define drill targets

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Kingman Minerals Ltd. (TSXV: KGS) (OTCQB: KGSSF) (FSE: 47A) ("Kingman" or the "Company") is pleased to announces that it has received approval from the Arizona Department of Water Resources ("ADWR") of its Notice of Intention (NOI), authorizing drilling of seven exploration holes for Phase III at the Company's 100%-owned Mohave Project in Arizona.

Following approval, the Company has directed Altar Drilling Inc. to mobilize to site. Drilling will begin on or about February 25, 2026.

Phase III is designed to test the continuity of the Southwick gold-silver vein corridor beyond the Rosebud Mine, supported by the Company's recently completed 3D Magnetic Vector Inversion (MVI) model and structural interpretation across the Mohave Project. Additional model-defined targets will be mapped and sampled through parallel field work.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Brad Peek, M.Sc., CPG, a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Peek is a Director of Kingman Minerals Ltd.

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. Forward-looking information includes, but is not limited to, statements regarding the planned scope, timing, mobilization, underground access, extraction, sampling, laboratory and metallurgical testing, and expected outcomes of the underground program. Forward-looking information is based on management's current expectations and reasonable assumptions, but involves known and unknown risks, uncertainties and other factors that may cause actual results to differ materially, including permitting and regulatory requirements, underground conditions, safety and access constraints, contractor availability and performance, laboratory capacity and turnaround times, and general market and economic conditions. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking information except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284466

FAQ

What did Kingman (KGSSF) receive from ADWR for the Mohave Project on February 18, 2026?

Kingman received ADWR approval of its Notice of Intention authorizing seven exploration drill holes. According to the company, the NOI permits Phase III drilling across the Mohave Project to test defined targets.

When will Altar Drilling start Phase III drilling at Kingman (KGSSF) Mohave Project?

Drilling is scheduled to begin on or about February 25, 2026. According to the company, Altar Drilling has been directed to mobilize to site to commence the program.

What is the objective of Kingman’s Phase III drilling at Mohave (KGSSF)?

The program aims to test continuity of the Southwick gold‑silver vein corridor beyond the Rosebud Mine. According to the company, targets are guided by a recently completed 3D MVI model and structural interpretation.

How many holes will Kingman (KGSSF) drill in Phase III at Mohave and who reviewed the technical information?

Phase III comprises seven exploration holes, and the technical information was reviewed by Qualified Person Brad Peek, M.Sc., CPG. According to the company, Mr. Peek approved the release content.

Will Kingman (KGSSF) perform additional field work alongside Phase III drilling at Mohave?

Yes, additional model‑defined targets will be mapped and sampled in parallel with drilling. According to the company, mapping and sampling will support target refinement during the Phase III program.