Placement”) by issuing 6,345,384 units (the “Units”) at a price of $0.0 65 per Unit. Each Unit consists of one common share a (“Common Share ”) of the Company and one common share purchase warrant (a “ Warrant”). Each Warrant entitles the holder to purchase one common share of the Company at a purc

TSXV: KNG OTCQB: TUMIF

NEWS RELEASE

Vancouver, British Columbia, Canada, September 30, 2019 – Kingsmen Resources Ltd. (TSXV:KNG) (OTCQB:TUMIF) (the “Company” or “Kingsmen”) , is pleased to announce that further to its news release dated August 15, 2019, Kingsmen has closed $412,450 of its non-brokered private placement (the “Private Placement”) by issuing 6,345,384 units (the “Units”) at a price of $0.065 per Unit. Each Unit consists of one common share a (“Common Share”) of the Company and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one common share of the Company at a purchase price of $0.085 per Common Share for a period of two years.

All securities issued to purchasers under the Private Placement will be subject to a four-month hold period commencing from the closing date pursuant to applicable securities legislation and the policies of the TSX Venture Exchange (the “TSXV”).

The Company also announces that the TSXV has granted an extension to October 15, 2019 to complete the balance of the Private Placement as the company awaits receipt of final documentation.

For additional information, please contact:

Scott Emerson, President and CEO at (604) 603-0074 or Email: [email protected] Website: www.kingsmenresources.com

Cautionary Note Regarding Forward –Looking Statements:

This news release contains certain forward-looking statements, including statements regarding the Offering of Units and the Company’s ability to complete the Offering and receiving acceptance from the TSX Venture Exchange to the completion of the Offering and the Company’s proposed plans for the use of proceeds. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward- looking statements include the Company does not complete all or any part of the Offering, the Company does not receive regulatory acceptance to the Offering; changes in metal prices, changes in the availability of funding, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ martially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.

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