Kingsview Minerals acquires Vernon Property
Key facts
- C$275K Financing
- C$0.5/unit
- May 7 close
Toronto, Ontario--(Newsfile Corp. - June 10, 2026) - Kingsview Minerals Ltd.  (CSE: KVM) (FSE: 0L41) (the " Company " or " Kingsview ") is pleased to announce the acquisition of the Goose Creek Property, a district-scale copper-gold project comprising 150 claim units covering approximately 39 km² in southeastern New Brunswick. The property holds a strategic land position within the Fundy region and hosts multiple historical copper and gold occurrences associated with favourable structural corridors, alteration zones, geochemical anomalies, and geophysical targets. Previous exploration programs identified several zones of interest that remain largely untested by modern exploration methods.
Historical work completed by prior operators outlined multiple areas of copper and gold mineralization across the property. Kingsview believes these occurrences may represent components of a larger mineralized system and plans to evaluate the project through comprehensive data compilation, geological interpretation, and modern target generation techniques. The Company intends to advance Goose Creek through systematic exploration programs focused on prioritizing and evaluating high-potential copper-gold targets identified from historical datasets and ongoing geological analysis.
Terms of the Acquisition On May 07, 2026, the Company announced its intention to acquire the property in an arms length transaction via Definitive Agreement. As consideration for the Proposed Transaction, the Company issued 550,000 common shares in the capital the Company (the "Common Shares"), at a deemed issuance price of $0.50 per Common Share, equal to CAD$275,000. The Company acquired the claims for the property from a private individual.
Completion of the Transaction was subject to customary conditions including but not limited to: receipt of all required consents; and the approval of the Proposed Transaction by the CSE. No change of control resulted from the transaction. No changes to management were made and no finders' fees were paid.
Qualified Persons Review The technical and scientific information contained in this news release has been reviewed and approved by Mark Richardson, P.Geo., a Qualified Person ("QP") as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The technical information presented in this news release is based on a review of historical Mineral Reports of Work filed with the Province of New Brunswick by previous operators. The Company has not independently verified all historical results referenced herein and cautions readers that such information may not be reliable.
The Company intends to verify historical geological, geochemical, geophysical, and mineralization data where appropriate through future exploration programs. Readers are cautioned that historical information referenced in this news release may not be indicative of future exploration results and should not be relied upon as an indication of the economic viability or mineral potential of the Property. Next Steps The Company intends to complete a comprehensive compilation of historical exploration data, including geological mapping, geochemical sampling, geophysical surveys, and historical drilling records.