Kingman Minerals Ltd. announced a non-brokered private placement of 2,300,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 230,000 on April 13, 2023. Each Unit is comprised of one common share and one share purchase warrant entitling the holder to purchase one additional Share at a price of CAD 0.12 for period of 5 years. No finder's fees were paid, and all securities issued under the Private Placement are subject to a statutory hold period until August 14, 2023.

Insiders subscribed for a total of 200,000 Units for gross proceeds of CAD 20,000.