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| | Luxor Moly Overview January 5, 2008 - Kingsman Resources Inc. (TSXv: KSM) ("Kingsman") is pleased to announce that ground truthing of coincident soil geochemical and geophysical (Magnetometer, Induced Polarization) anomalies on its Luxor Molybdenum property are suggestive of excellent exploration potential. The property is located north of the town of Barriere and approximately 80 kilometers north of Kamloops, in south-central B.C. Soil geochemical work undertaken in the 2008 field season outlined two sub-parallel north-south striking Mo-in-soil anomalies that are greater than one kilometer long and which range in width between 100 and 400 meters (see News Release dated November 10, 2008). The better-defined western anomaly, which is at a lower elevation, was investigated in the field mainly to determine the practicality of building a short spur road to facilitate drill-testing. At the same time, two grab samples of the host intrusive rocks on the property were collected at random from bedrock outcrops exposed in the core of the anomaly. The bedrock is not obviously intensely veined or highly altered, but it in the vicinity of the anomaly it does contain notable flakes of disseminated molybdenite. The two samples returned 188 and 110 ppm Mo. The lack of alteration and veining in the samples and in the surrounding outcrops, along with a distinct lack of associated anomalous base or precious metals geochemistry (e.g., Cu, Ag, Au, As, etc.), together with the apparently stable coexistence of molybdenite with the primary mineral assemblage in the host rocks, suggests the presence of an intrusive phase highly-enriched in molybdenum. This supports previous observations which suggest that molybdenum mineralization at the Luxor property occurs within, or is associated with, pegmatitic and aplitic veinlets and dykelets and as medium-grained flakes and rosettes hosted by a high level granitic phase of the Cretaceous Baldy batholith. Kingsman's future plans for testing the western soil geochemical anomaly, which is characterized by common molybdenum values greater than 25 ppm, and which range up to 942 ppm Mo, include prospecting, geologic mapping, and construction of a short spur road from the valley bottom. The road will facilitate thorough evaluation of the anomaly and will allow for drill-testing. At the same time, in-fill soil geochemical and geophysical surveying is being considered in the vicinity of the two main soil geochemical anomalies, which appear to correspond well with northerly trending magnetic lows weak chargeability highs. It should be noted that the northern limit of the western anomaly corresponds with the location of the Luxor "Main Showing," which has been the focus for previous work on the property (see News Releases dated April 28, 2008 and June 17, 2008), and where all four drillholes drilled in the winter of 2007-08 encountered molybdenum mineralization, and where mineralization of appreciable grade and locally significant width was intersected in three of the four holes. Numerous molybdenite showings and occurrences were identified in previous work on widely separated parts of the Luxor property but little systematic exploration work was undertaken across much of it. The Luxor property totals 95 square kilometres, and is located less than 35 km southeast of Newmac Resources Inc.'s Crazy Fox property, where intersections of up to 0.25 % Mo across 72 meters have recently been reported. Charles J. Greig, M.Sc., P.Geo., a qualified person, supervised the fieldwork and the preparation of the technical information in this release. About Kingsman Resources Inc. Kingsman Resources Inc. is an exploration and development company with a focus on gold, silver, molybdenum and copper. Kingsman Resources trades on the TSX Venture Exchange under the symbol "KSM". For further information on Kingsman Resources Inc, visit the corporate website at http://www.kingsmanresources.com, or contact Ted Drummond at (604) 926-4062. On Behalf of the Board of Directors KINGSMAN RESOURCES INC. "Robert McLaughlin" Robert McLaughlin Director | |  | |
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