King Global Announces Closing Of Second Tranche Of $4,000,000 Unit Financing

(TheNewswire)

Toronto, Ontario -  March 2, 2026 – TheNewswire -King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE: 5LM1)(the “Company” or “King Global”) announces that that it hasclosed the final tranche of its non-brokered private placement (the“Financing”).  In the first tranche the Company raised proceedsof $2,640,686.80 through the sale of 4,401,142 Units. $87,499.80 ofthe total represented a non arms-length debt settlement by the Companyof debt incurred for director’s fees.   In the second and finaltranche the Company raised proceeds of $1,361,000 through the sale of2,268,332 Units.  $42,000 of the total represented a non arms-lengthdebt settlement by the Company of debt incurred for director’s fees.   

Pursuant to the terms of the Offering, each Unit is comprised of onecommon share (“Common Share”) and one 2-year Common Share purchasewarrant (“Warrant”). Each Warrant entitles the holder thereof topurchase one additional Common Share at a price of $0.90 per CommonShare for a period of two years following the closing date of theOffering. Securities issued on this closing are subject to afour-month and one day hold period in accordance with the policies ofthe Canadian Securities Exchange and applicable securitieslegislation.

The issuance of 1,786,666 Units, in aggregate, to certain insiders ofthe Company on the second tranche constitutes a “related partytransaction” as such term is defined in Multilateral Instrument61-101 (“MI 61-101”). Pursuant to Sections 5.5(a) and 5.7(1)(a) ofMI 61-101, the Company intends to rely on exemptions from the formalvaluation and minority shareholder approval requirements,respectively, as neither the fair market value of the Units nor theconsideration for such Units, insofar as it involves the insiders,exceeds 25 percent of the Company’s market capitalization.

The Company intends to use the net proceeds of the Private Placementto continue exploration and drilling on its Silver Cord and BlackCanyon Projects.

The Private Placement is subject to certain conditions, but notlimited to, the receipt of all necessary approvals, including approvalfrom the Canadian Securities Exchange.  

About King Global Ventures:

Black Canyon Property inArizona

King Global Ventures is focused on the exploration of precious andbase metals in North America.  The Black Canyon Project in YavapaiCounty Arizona is comprised of 213 contiguous concessions covering atotal area of 3,800 ac, including 15 former operating mines includingthe past producing Howard Copper Mine.  And is situated 100 km (64miles) north of Phoenix Arizona.  The Black Canyon Project representsan early-stage exploration opportunity targetingcopper-gold-silver-zinc, Volcanogenic Massive Sulphide (“VMS”)mineralization.  The geology of Yavapai County, Arizona is notabledue to the presence of a variety of base and precious metal deposittypes.  The region has a significant history of exploration,discovery and mining operations, including base metals from miningoperations like Bagdad, Jerome and Cleopatra.  The property is ontrend and is approximately 8 km (12 miles) N.W. of Arizona Metals and100 km (60 miles) south of the historic Jerome Copper mine.

The Howard Copper Mine Property is located on 78 acres of patentedland approximately 100 km (64 miles) north of Phoenix AZ.  Discoveredin the early 1920’s, small scale production and development focusedon high-grade copper.  An estimated 100,000 tonnes of copper gradingbetween 3-5% copper was mined from the property until it was closed in1942 due to the inability to secure fuel rations during WW2.Historical reports state that the main shaft was sunk to the 900-footlevel, but that no ore was mined below the 500-foot level.  

The Mikwam Property

The Mikwam Gold Property is located in Noseworthy Township within theAbitibi Greenstone Belt of the Superior Province, northeasternOntario. It lies along the Casa Berardi Deformation Zone that hostsDetour Gold’s Burntbush Property. The Mikwam deposit is hostedwithin Timiskaming-aged polymictic conglomerate and greywacke unitsand contains disseminated and vein-hosted gold mineralizationassociated with quartz-carbonate veins and pyrite mineralization.

A NI 43-101 technical report prepared for Galena InternationalResources Ltd. by Caracle Creek International Consulting Inc., datedDecember 8, 2016, disclosed a historical inferred mineral resource of1,810,000 tonnes grading 2.34 g/t gold, containing 136,000 ounces ofgold at a cut-off grade of 1.00 g/t Au. This estimate (announced byGalena in a December 12, 2016 press release) is historical in nature,was not prepared for King Global Ventures Inc., and should not beconsidered current. A Qualified Person has not done sufficient work toclassify the historical estimate as current mineral resources and theissuer is not treating the historical estimate as current mineralresources.

Additional information about King Global Ventures can be viewed at theCompany's website at www.kingglobal.gold  or atwww.sedarplus.ca. 

On behalf of King Global Ventures      

Robert Dzisiak

Chief Executive Officer

204-955-4803

ir@kingcse.com

The technical contents of this news release were approved by AndrewLee Smith, Bsc., P.Geo, ICD.D, a qualified person as defined byNational Instrument 43-101.

Neither the CSE Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the CSE Exchange) accepts responsibility for the adequacy oraccuracy of this release.

Cautionary Statement RegardingForward-Looking Information

Certain information in this news release may contain forward-lookingstatements that involve substantial known and unknown risks anduncertainties. These forward-looking statements are subject tonumerous risks and uncertainties, certain of which are beyond thecontrol of the Company, including but not limited to, the uncertaintyof the financing, the impact of general economic conditions, industryconditions, dependence upon regulatory approvals. Readers arecautioned that the assumptions used in preparing such information,although considered reasonable at the time of preparation, may proveimprecise and undue reliance should not be placed on forward-lookingstatements. Forward-looking statements in this press release areexpressly qualified by this cautionary statement.

The forward-looking statements in this press release are made as ofthe date of this press release, and the Company undertakes noobligations to update publicly or to revise any of the includedforward-looking statements, whether because of new information, futureevents or otherwise, except as expressly required by applicablesecurities law.

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