Kingman Announces Stock Options

Core Viewpoint - Kingman Minerals Ltd. has announced the approval of a stock option grant totaling 1,000,000 options to its officers, directors, and consultants, which is part of the company's Rolling Stock Option Plan [1][2]. Group 1: Stock Options Details - Each stock option allows the holder to acquire one common share at an exercise price of $0.12 per share [2]. - The options vest immediately and have a five-year term from the date of grant, subject to the company's Equity Incentive Plan and applicable securities legislation [2]. - The stock option grant is pending approval from the TSX Venture Exchange [2]. Group 2: Company Overview - Kingman Minerals Ltd. is a publicly traded exploration and development company focused on precious metals in North America [3]. - The company's flagship project is the fully owned historic Rosebud Mine located in Mohave County, Arizona, which has a history of high-grade gold and silver mining dating back to the 1880s [3]. - The Rosebud property includes significant underground development, featuring a 400-foot main shaft and approximately 2,500 feet of drifts, raises, and crosscuts [3].