On February 11, 2026, Kingsmen Resources Ltd. (“Kingsmen”) announced the closing of its “bought deal” private placement of 5,777,778 units (each, a “Unit”) at a price of $2.25 per Unit for gross proceeds of $13,000,000.50, which included the exercise in full of the underwriter’s option (the “Offering”).

Red Cloud Securities Inc. acted as the sole underwriter and bookrunner for the Offering.

Each Unit consisted of one common share and one-half of one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one common share at an exercise price of $3.00 at any time on or before February 11, 2029.

Subject to compliance with applicable regulatory requirements, the Offering was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to purchasers in the Offering are not subject to a hold period under applicable Canadian securities laws.

Kingsmen intends to use the net proceeds to advance exploration at its Las Coloradas and Almoloya projects in Chihuahua, Mexico, and for general working capital purposes.

Kingsmen is a discovery-driven explorer focused on unlocking the potential of two 100%-owned precious-metal districts Las Coloradas and Almoloya located in the historic Parral region of Chihuahua, Mexico, one of the most productive silver belts in the world. Both projects cover past-producing high-grade silver and gold mines and lie directly on the structural corridors that host many of Mexico’s most notable silver-gold deposits.

Further details regarding Kingsmen, and the Offering can be found on Kingsmen’s website. Kingsmen trades under the symbol “KNG” on the TSX Venture Exchange.