Toronto, Ontario June 10, 2025 – King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE:5LM1) (the “Company” or “King Global”) is pleased to announce that it has entered into an Option Agreement (the “Agreement”) with Aurelius Minerals Inc. (“Aurelius”) dated June 5th, 2025. Aurelius is the legal, beneficial and registered holder of 100% undivided right, title and interest in and to the Mikwam Property which comprises 69 Cell Claims including 29 Single Cell Mining Claims and 40 Boundary Cell Mining Claims on 968 hectares in Ontario, Canada.
Pursuant to the terms of the Agreement, the Company will:
(a) make a cash payment of $125,000 (the “Option Price “) to Aurelius, and,
(b) perform a Minimum Work Commitment (“Minimum Work Commitment”) of $1,250,000 over a 24 month period from the execution of the Agreement, and,
(c) pay to Aurelius a Net Smelter Returns Royalty (“NSR Royalty”), being equal to 5.0% of the net smelter returns, and,
(d) in the event that the Option is terminated due to failure by the Company to perform the Minimum Work Commitment, the Company shall return the Property to Aurelius.
Aurelius shall retain a 5.0% N.S.R. The Corporation may, at any time after the date hereof, purchase 1/4 (being 1.25%) of the NSR Royalty from Aurelius for cash or cash equivalent share payment in the amount of $5,000,000.
In addition, the Company announces the issuance of 100,000 options to a consultant at an exercise price of $0.71 for a 2 year term. 50% of the options will vest after six months, and the remaining 50% will vest after one year.
The Mikwam Property
The Mikwam Gold Property is located in Noseworthy Township within the Abitibi Greenstone Belt of the Superior Province, northeastern Ontario. It lies along the Casa Berardi Deformation Zone that hosts Detour Gold’s Burntbush Property. The Mikwam deposit is hosted within Timiskaming-aged polymictic conglomerate and greywacke units and contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite mineralization.
In 2016, a NI 43-101 technical report prepared for Galena International Resources Ltd. by Caracle Creek International Consulting Inc., dated December 8, 2016, disclosed a historical inferred mineral resource of 1,810,000 tonnes grading 2.34 g/t gold, containing 136,000 ounces of gold at a cut-off grade of 1.00 g/t Au. This estimate (announced in December 12, 2016 press release) is historical in nature, was not prepared for King Global Ventures Inc., and should not be considered current. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources and the issuer is not treating the historical estimate as current mineral resources.
Qualified Person Disclaimer
The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, B.Sc., P.Geo., ICD.D, a Qualified Person as defined by National Instrument 43-101. Mr. Smith is a registered professional geoscientist in good standing and is independent of the vendor. He has reviewed publicly available technical reports, maps, and geological data relevant to the Mikwam Property.
About King Global Ventures:
Black Canyon Property in Arizona
King Global Ventures is focused on the exploration of precious and base metals in North America. The Black Canyon Project in Yavapai County Arizona is comprised of 213 contiguous concessions covering a total area of 3,742 ac, including 12 former operating mines including the past producing Howard Copper Mine. And is situated 100 km (64 miles) north of Phoenix Arizona. The Black Canyon Project represents an early-stage exploration opportunity targeting copper-gold-silver-zinc, Volcanogenic Massive Sulphide (“VMS”) mineralization. The geology of Yavapai County, Arizona is notable due to the presence of a variety of base and precious metal deposit types. The region has a significant history of exploration, discovery and mining operations, including base metals from mining operations like Bagdad, Jerome and Cleopatra. The property is on trend and is approximately 8 km (12 miles) N.W. of Arizona Metals and 100 km (60 miles) south of the historic Jerome Copper mine.
The Howard Copper Mine Property is located on 78 acres of patented land approximately 100 km (64 miles) north of Phoenix AZ. Discovered in the early 1920’s, small scale production and development focused on high-grade copper. An estimated 100,000 tonnes of copper grading between 3-5% copper was mined from the property until it was closed in 1942 due to the inability to secure fuel rations during WW2. Historical reports state that the main shaft was sunk to the 900-foot level, but that no ore was mined below the 500-foot level.
York Property in Quebec
The York Property is comprised of 77 claims exceeding 40 sq. km. The Property is on trend between Azimut’s Elmer Property and the Eleonor Gold Mine. The Eleonor Mine is hosted by rocks similar to the clastic sediments known to host the Ukaw gold showings.
Additional information about King Global Ventures can be viewed at the Company’s website at www.kingglobal.gold or at www.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 Andrew Lee Smith, Bsc., P.Geo, ICD.D, a qualified person as defined by National Instrument 43-101.
Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.
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