Category: News

Kingfisher Metals Corp. (TSXV: KFR) (FSE: 970) (“Kingfisher“ or the “Company“) is pleased to announce an upsize to its previously announced “best efforts” private placement. Under the amended terms, the Company will issue up to 7,000,000 of non-flow-through units (the “NFT Units“) at a price of $0.25 per NFT Unit (the “NFT Issue Price“) and up to 21,302,500 flow-through units (the “Premium FT Units” and, together with the NFT Units, the “Offered Securities”) at a price of $0.415 per Premium FT Unit (the “Premium FT Issue Price”) for aggregate gross proceeds of up to $10,590,538 (collectively, the “Offering”). Beacon Securities Limited (the “Agent”) is acting as sole agent in connection with the Offering.

Each NFT Unit will consist of one common share of the Company (an “NFT Share”) and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a “Warrant”).  Each Premium FT Unit will consist of one common share of the Company (a “FT Share”) and one-half of one Warrant, each of which shall qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada) (the “Tax Act”).

Each Warrant will entitle the holder thereof to acquire one common share of the Company (a “Warrant Share”) at a price per Warrant Share of $0.40 for a period of 36 months from the Closing Date, provided that, in the event that the daily volume weighted average price (or closing bid price on trading days when there are no trades) of the common shares of the Company (the “Common Shares”) on the TSX Venture Exchange (“TSXV”) is at least $0.55 per Common Share for a minimum of 20 consecutive trading days at any time after the first year anniversary of the Closing Date, the Company may, within 10 business days of the occurrence of such event, provide written notice to holders of the Warrants (the “Warrant Acceleration Notice”) accelerating the expiry date of the Warrants to a date that is not less than 30 days following the date of the Warrant Acceleration Notice (and concurrent press release).

In connection with the Offering, the Company has granted the Agent an option (the “Agent’s Option”), exercisable in whole or in part at any time up to 48 hours prior to the Closing Date, to sell up to an additional number of Premium FT Units at the Premium FT Issue Price and/or NFT Units at the NFT Issue Price (the “Additional Offered Securities”) for additional gross proceeds of up to $1,000,000.

The Offered Securities may also be offered and sold in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended (the “1933 Act”)) and to a limited number of “accredited investors” (as defined in Rule 501(a) of Regulation D under the 1933 Act), in each case by way of private placement pursuant to an exemption from the registration requirements of the 1933 Act and pursuant to any applicable securities laws of any state of the United States. Any Offered Securities offered and sold in the United States shall be issued as “restricted securities” (as defined in Rule 144(a)(3) under the 1933 Act).

An amount equal to gross proceeds from the sale of the Premium FT Units will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through critical mining expenditures” as such terms are defined in the Income Tax Act (Canada) and “BC flow-through mining expenditures” as defined in the Income Tax Act (British Columbia) (the “Qualifying Expenditures”) related to the Company’s projects in British Columbia, Canada on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2025.

The Offering is expected to close on or about June 3, 2025 (the “Closing Date“) and is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSXV. The Offered Securities, NFT Shares, FT Shares and Warrant Shares will be subject to a hold period under Canadian securities laws of four months after the Closing Date.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 59,121,810 shares outstanding.

For Further Information Please Contact:

Dustin Perry, P.Geo. 
CEO and Director                                                                                                                                                                                       
Phone: +1 236 358 0054                                                                                                                                                                                           
E-Mail: info@kingfishermetals.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions (including negative and grammatical variations), or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, the use of proceeds of the Offering and the incurrence and renunciation of Qualifying Expenditures by the Company and the timing thereof, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; the results of exploration activities are uncertain; domestic and foreign laws and regulations could adversely affect the Company’s business, results of operations and financial condition; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements, except as required by applicable securities laws, in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSXV:KFR) (FSE: 970) (“Kingfisher“ or the “Company“) is pleased to announce that that it has entered into an agreement with Beacon Securities Limited (“Beacon” or the “Agent”) to act as sole agent in connection with a “best efforts” private placement offering of a combination of up to 4,000,000 non-flow-through units (the “NFT Units“) at a price of $0.25 per NFT Unit (the “NFT Issue Price“) and up to 14,458,000 flow-through units (the “Premium FT Units” and, together with the NFT Units, the “Offered Securities”) at a price of $0.415 per Premium FT Unit (the “Premium FT Issue Price”) for aggregate gross proceeds of up to $7,000,070 (collectively, the “Offering”).

Each NFT Unit will consist of one common share of the Company (an “NFT Share”) and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a “Warrant”).  Each Premium FT Unit will consist of one common share of the Company (a “FT Share”) and one-half of one Warrant, each of which shall qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada) (the “Tax Act”).

Each Warrant will entitle the holder thereof to acquire one common share of the Company (a “Warrant Share”) at a price per Warrant Share of $0.40 for a period of 36 months from the Closing Date, provided that, in the event that the daily volume weighted average price (or closing bid price on trading days when there are no trades) of the common shares of the Company (the “Common Shares”) on the TSX Venture Exchange (“TSXV”) is at least $0.55 per Common Share for a minimum of 20 consecutive trading days at any time after the first year anniversary of the Closing Date, the Company may, within 10 business days of the occurrence of such event, provide written notice to holders of the Warrants (the “Warrant Acceleration Notice”) accelerating the expiry date of the Warrants to a date that is not less than 30 days following the date of the Warrant Acceleration Notice (and concurrent press release).

In connection with the Offering, the Company has granted the Agent an option (the “Agent’s Option”), exercisable in whole or in part at any time up to 48 hours prior to the Closing Date, to sell up to an additional number of Premium FT Units at the Premium FT Issue Price and/or NFT Units at the NFT Issue Price (the “Additional Offered Securities”) for additional gross proceeds of up to $1,050,000.

The Offered Securities (which includes any Additional Offered Securities) will be offered (i) in each of the Provinces of Canada and (ii) to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed to by the Company and the Agent, each acting reasonably, provided that no prospectus filing or comparable obligation arises and the Company does not thereafter become subject to continuous disclosure obligations in such jurisdictions.

The Offered Securities may also be offered and sold in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended (the “1933 Act”)) and to a limited number of “accredited investors” (as defined in Rule 501(a) of Regulation D under the 1933 Act), in each case by way of private placement pursuant to an exemption from the registration requirements of the 1933 Act and pursuant to any applicable securities laws of any state of the United States. Any Offered Securities offered and sold in the United States shall be issued as “restricted securities” (as defined in Rule 144(a)(3) under the 1933 Act).

An amount equal to gross proceeds from the sale of the Premium FT Units will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through critical mining expenditures” as such terms are defined in the Income Tax Act (Canada) and “BC flow-through mining expenditures” as defined in the Income Tax Act (British Columbia) (the “Qualifying Expenditures”) related to the Company’s projects in British Columbia, Canada on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2025.

The Offering is expected to close on or about May 28, 2025 (the “Closing Date“), and is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The Offered Securities and the Warrant Shares will be subject to a hold period under Canadian securities laws of four months after the Closing Date.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 59,121,810 shares outstanding.

For Further Information Please Contact:

Dustin Perry, P.Geo.
CEO and Director                                                                                                                                                                                       
Phone: +1-778-606-2507                                                                                                                                                                                           
E-Mail: info@kingfishermetals.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions (including negative and grammatical variations), or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, the use of proceeds of the Offering and the incurrence and renunciation of Qualifying Expenditures by the Company and the timing thereof, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; the results of exploration activities are uncertain; domestic and foreign laws and regulations could adversely affect the Company’s business, results of operations and financial condition; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements, except as required by applicable securities laws, in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the appointment of Ashwath Mehra as Chairman of theCompany’s Advisory Board.  

Mr. Mehra is a senior executive and entrepreneur who has founded and managed numerous companies. He has close to 40 years of experience in mining and metals, including significant experience in debt and equity capital markets and, while maintaining a focus on mining, is a large investor in a spectrum of businesses spanning real estate to technology. Mr. Mehra commenced his career trading commodities with Philipp Brothers in London, England. From 1990 to 2000, he served as a Senior Partner at Glencore International AG (and its predecessor) where he ran the nickel and cobalt businesses and was responsible for establishing Glencore’s operations in India.

He also served as Chief Executive Officer of MRI Trading AG (formerly Marc Rich + Co Investment AG) from 2001 to 2011 and was its Co-Owner and successfully sold the firm in 2011. Recently, Mr. Mehra was Executive Chairman of GT Gold, a company he founded and sold to Newmont Corporation generating a significant return to GT Gold shareholders. He is currently lead-director of Collective Mining and CEO of the ASTOR Group, a private investment and advisory business.  

Mr. Mehra holds a BSc Philosophy and Economics from the London School of Economics and Political Science.

Dustin Perry, CEO, stated, “As we embark on an exciting year of discovery-focused mineral exploration, I am pleased to welcome Mr. Mehra to our Advisory Board. Ashwath brings a wealth of knowledge in mining and finance, with recent Golden Triangle success culminating in the sale of GT Gold to Newmont in 2021. Ashwath is an existing shareholder, and we look forward his guidance and support as we strive to become the preeminent copper-gold exploration company in British Columbia.”  

Ashwath Mehra, stated “I am very excited to support Kingfisher in their growth phase. The team has done an outstanding job in consolidating a large, highly prospective land package in the Golden Triangle. Since the sale of GT Gold, we have been looking at opportunities in BC, and we feel Kingfisher has the potential to deliver another outstanding exploration success in the Golden Triangle.”

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 59,121,811 shares outstanding.

For further information, please contact: 

Dustin Perry, P.Geo. 
CEO and Director

Phone:​+1 778 606 2507
E-Mail: info@kingfishermetals.com  

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the appointment of Paul Gruner as an independent, non-executive director of the Company, effective February 28, 2025.

Mr. Paul Gruner is a seasoned leader in Indigenous business, bringing extensive experience in economic development across multiple regions. He has held key executive roles, including CEO of Det’on Cho Management LP, which supports the Yellowknives Dene First Nation in the Northwest Territories, and CEO of the Tahltan Nation Development Corporation, serving the Tahltan Nation. Currently, he leads as the CEO of Tłı̨chǫ Investment Corporation, driving economic growth for the Tłı̨chǫ First Nation.

With a strong background in strategic leadership, Mr. Gruner has expertise in mergers and acquisitions, business development, strategic partnerships, financial management, project management, corporate governance, contract negotiations, and capacity building. His work has been instrumental in creating employment opportunities for Indigenous citizens and advancing environmental, social, and corporate governance initiatives.

Beyond his executive roles, Mr. Gruner has contributed to numerous boards, including the Canadian Council for Indigenous Business (CCIB) and the Canadian Chamber of Commerce. Under his leadership, the corporations he has guided have received multiple prestigious awards, including Canada’s Most Admired Corporate Culture, Economic Leadership of the Year – NWT (Chamber of Mines), Indigenomics 10 to Watch List, Indigenous Business of the Year – NWT, BC YK (AIIC), and recognition among the Top 500 Business Leaders in BC (BIV BC500).

In connection with Mr. Gruner’s appointment, the Company also announces that David Loretto is stepping down as President and a director of the Company. Dustin Perry, CEO will assume the role of President. The board of directors of the Company now consists of Dusin Perry, Richard Trotman, Chris Beltgens, Giuseppe (Pino) Perone, and Paul Gruner. 

Dustin Perry, CEO and President, stated “I am very pleased to have Paul joining our board as he shares a similar level of energy and drive to deliver value for both shareholders and stakeholders. Paul brings Kingfisher a wealth of experience within the Golden Triangle, where he recently headed the Tahltan Nation Development Corporation. His local knowledge and contacts will help support Kingfisher going forward with our goal of building a strong and mutually beneficial relationship with our stakeholders. Mr. Perry also noted, “David and I co-founded Kingfisher in 2019. On behalf of the Company, I would like to sincerely thank him for his contributions, which helped get Kingfisher off the ground. I wish him the best of luck in his future endeavours.”

Paul Gruner, director, expressed his enthusiasm, stating, “I am honoured to join Kingfisher’s board at such a pivotal and exciting time for the Company. With its exceptional portfolio of projects, Kingfisher is uniquely positioned in British Columbia’s renowned Golden Triangle region. I look forward to leveraging my experience to support the Company’s growth and success. Alongside the board and leadership team, I am committed to driving innovation, shaping business strategy, and maximizing value for shareholders.”

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 56,455,144 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director

Phone: +1 778 606 2507
E-Mail: info@kingfishermetals.com    

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has closed the acquisition of the Hickman project (the “Hickman Project”) from Golden Ridge Resources Ltd. (“Golden Ridge”) (the “Transaction”), which was previously announced on February 6, 2025.

Under the terms of the definitive agreement, the Company issued 256,410 common shares in the capital of Kingfisher to Golden Ridge and granted a 2% net smelter return royalty (the “NSR”) to Golden Ridge. The Company will have the right to buy back 1% of the NSR for C$5,000,000 at any time. The NSR covers the entirety of the Hickman Project except for the portion of the mineral claims that fall within a 1 km radius of the HWY 37 Project. The excluded portion of the mineral claims are covered under the net smelter return royalty agreement that pertains to the Company’s Ball Creek West (BAM) project.

The Hickman Project is comprised of two claims totalling 3,008 hectares and is located immediately west and contiguous with Kingfisher’s HWY 37 Project in Northwest British Columbia within the Golden Triangle.

The Hickman Project is highly prospective for Cu-Au porphyry systems and hosts an undrilled copper-gold geochemical anomaly at the Hickman Target that includes recent (2019) rock sampling results of up to 5.3% Cu and 0.28 g/t Au. This accretive acquisition secures the full extent of the open-ended Hickman Target that spans 5 km and is located 6 km away from the Schaft Creek deposit. The Transaction will bring the consolidated HWY 37 Project to 849 km².

Qualified Person

Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 56,455,144 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director

Phone: +1 778 606 2507
E-Mail: info@kingfishermetals.com    

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has entered into a definitive agreement dated February 5, 2025 (the “Agreement”), to acquire the Hickman project (the “Hickman Project”) from Golden Ridge Resources Ltd. (“Golden Ridge”) (the “Transaction”).

Overview

The Hickman Project is comprised of two claims totalling 3,008 hectares and is located immediately west and contiguous with Kingfisher’s HWY 37 Project in Northwest British Columbia within the Golden Triangle. 

The Hickman Project is highly prospective for Cu-Au porphyry systems and hosts an undrilled copper-gold geochemical anomaly at the Hickman Target that includes recent (2019) rock sampling results of up to 5.3% Cu and 0.28 g/t Au. This accretive acquisition secures the full extent of the open-ended Hickman Target that spans 5 km and is located 6 km away from the Schaft Creek deposit. The Transaction will bring the consolidated HWY 37 Project to 849 km².

Figure 1: HWY 37 Project and Contiguous Hickman Project

Figure 2: Hickman Grassroots Target

Transaction Details

Under the terms of the Agreement, the Company will issue common shares to Golden Ridge with an aggregate value of C$50,000 priced at C$0.195 per share, and the Company will grant a 2% net smelter return royalty (the “NSR”) to Golden Ridge. The Company will have the right to buy back 1% of the NSR for C$5,000,000 at any time. The NSR covers the entirety of the Hickman Project except for the portion of the mineral claims that fall within a 1 km radius of the HWY 37 Project. The excluded portion of the mineral claims are covered under the net smelter return royalty agreement that pertains to the Company’s Ball Creek West (BAM) project. The Transaction remains subject to the approval of the TSX Venture Exchange.

Qualified Person

Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.

About Kingfisher Metals Corp. 

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 56,198,734 shares outstanding. 

For further information, please contact: 

Dustin Perry, P.Geo. 

CEO and Director

Phone: +1 778 606 2507

E-Mail: info@kingfishermetals.com    

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has closed the acquisition of the Ball Creek West project (the “BAM Project”) from P2 Gold Inc. (“P2 Gold”) (the “Transaction”), which was previously announced on December 5, 2024. Under the terms of the definitive agreement, the Company issued 1,515,151 common shares in the capital of Kingfisher to P2 Gold and paid C$950,000 in cash to P2 Gold in exchange for the transfer of the BAM Project claims on closing of the Transaction.

The BAM Project is comprised of 54 claims totalling 18,893 hectares and is located immediately west and contiguous with Kingfisher’s HWY 37 Project, in Northwest British Columbia within the Golden Triangle. The BAM Project is highly prospective for Cu-Au porphyry systems with three grassroots, large-scale target areas: Northmore, Mess Creek, and Hickman. The Transaction will bring the Company’s consolidated HWY 37 Project to 819 km² making it the largest contiguous project held by a non-producing company in the Golden Triangle.

In addition, the BAM Project is subject to underlying royalty agreements over the project that includes a 1% net smelter return to be retained by Evrim Exploration Canada Corp., a subsidiary of Orogen Royalties Inc. (“Orogen”), and a 2% net smelter return to be retained by Sandstorm Gold Ltd. (“Sandstorm”), as well as a provision for Orogen to buy down 1% of the Sandstorm net smelter return for C$1,000,000 and the right to up to C$4,100,000 in milestone payments. 

Consolidation of the Golden Triangle

• The Golden Triangle is the most endowed region in Canada for large Cu-Au porphyry systems where neighbouring major miners Teck and Newmont hold Red Chris, Galore Creek, and Schaft Creek

• Kingfisher entered the Golden Triangle in 2023 and has rapidly consolidated the largest contiguous non-producer held project in the region with 819 km²

• The addition of three large-scale porphyry Cu-Au targets furthers the strategy of positioning Kingfisher as the premier Cu-Au explorer in the region

• New tenure addition of 189 km² is fully assessed with no holding costs until 2032

Qualified Person

Dustin Perry, P.Geo., Kingfisher’s CEO, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 56,198,734 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director

Phone: +1 778 606 2507
E-Mail: info@kingfishermetals.com    

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the appointment of Tyler Caswell as Vice President of Exploration. Mr. Caswell has a wealth of porphyry Cu-Au experience throughout British Columbia and South America and recently held the same title at NorthWest Copper. 

Mr. Caswell is a registered professional geologist with over 20 years of experience in mineral exploration, having worked in Peru, Chile, Argentina, Laos, Nunavut, the Yukon, and northern British Columbia. He has focused on exploring for base and precious metals. Most recently, Mr. Caswell served as Vice President of Exploration for NorthWest Copper, where he led discovery teams at the Stardust Project, achieving a drilling result of 2.51% copper, 3.03 g/t gold, and 52.5 g/t silver over 100.0 meters. He was also involved in the KwanikaProject, where they drilled 2.00% copper, 1.21 g/t gold, and 5.3 g/t silver over 235.45 meters. His experience encompasses both producers and junior mining companies, covering brownfield and greenfield exploration programs. He holds a B.Sc. (with distinction) from the University of Victoria.

The addition of Mr. Caswell enhances the operations and exploration management capabilities of the Company’s team. This strategic addition enables Gayle Febbo, the previous Vice President of Exploration, to assume a technical role as Chief Geologist, allowing Kingfisher to effectively manage one of the most significant tenure positions in the Golden Triangle while enabling Ms. Febbo to focus solely on geoscience and drill targeting.

“I have been trying to recruit Tyler to the Kingfisher team for several years due to his expertise in discovery-stage project management and our shared enthusiasm for the discovery process. Given the exciting recent developments in our Company, we were finally able to make this happen. Adding Tyler to the team will not only provide immediate benefits but also facilitate our continued growth as a company. I am equally excited that Gayle can now dedicate 100% of her time to drill targeting and evaluating the highly prospective 819 km² tenure package we have assembled. An exploration company is only as good as its people and projects, and this move aligns with the aggressive consolidation we have undertaken,” states Dustin Perry, CEO.

“I am excited to join Kingfisher’s leadership group and contribute to their highly skilled technical team in my new role as VP Exploration. Kingfisher has a highly prospective and extensive land position in the Golden Triangle, and the team is very motivated to make a major discovery,” stated Mr. Caswell. “Now is an exciting time for Kingfisher, it is a company poised for success as copper projects are at the heart of the Global Critical Metals effort.”

Stock option grant

Kingfisher also announces the grant of 1,850,000 stock options that are exercisable for a period of five years at a price of C$0.17 per share to its directors, officers, and various staff members.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 54,683,583 shares outstanding.

For further information, please contact: 

Dustin Perry, P.Geo. 

CEO and Director

Phone:​+1 778 606 2507

E-Mail: info@kingfishermetals.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,”“believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,”“may,” “could” or “should” occur.

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that further to its news releases dated December 10, 2024, December 17, 2024, and January 10, 2025, that due to demand the Company increased its previously announced non-brokered private placement (the “Offering”)and has closed the Offering through the issuance of11,482,030 units of the Company (the “Units”) at a price of C$0.165 per Unit for aggregate gross proceeds ofC$1,894,535.

Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company for 24 months from the closing date of the Offering at an exercise price of C$0.30.

In connection with the Offering, commissions on the sale of the Units were paid to eligible finders (the “Finders”) in accordance with the policies of the TSX Venture Exchange and applicable securities law. The Company paid a total cash commission of C$4,410 and issued 26,726 finder warrants (the “Finder Warrants”) to the Finders. Each Finder Warrant entitles the holder thereof to acquire one common share of the Company for 24 months from the closing date of the Offering at an exercise price of C$0.30.

All securities issued pursuant to the Offering, including common shares issuable upon the exercise of warrants or Finder Warrants, are and will be subject to a hold period of four months and one day after the date of closing of the Offering.

Multilateral Instrument 61-101 – Related Party Transaction

Dustin Perry, CEO, is an insider of the Company and participated in the Offering by purchasing 121,212 Units for an aggregate subscription price of C$20,000. DCJL Management Ltd. (“DCJL”) is an insider of the Company by virtue of David Loretto, a director, controlling DCJL. DCJL participated in the Offering by purchasing 30,303 Units for an aggregate subscription price of C$5,000. Alejandro Emiliano Gubbins Cox is an insider of the Company and participated in the Offering by purchasing 1,818,182 Units for an aggregate subscription price of C$300,000. Crescat Portfolio Management LLC is an insider of the Company and participated in the Offering by purchasing 606,060 Units for an aggregate subscription price of C$100,000. Also, an affiliate of Plethora Precious Metals Fund Management, StichtingDepositary Plethora Precious Metals Fund, participated in the Offering by purchasing 750,000 Units for an aggregate subscription price of C$123,750. Accordingly, the Offering constitutes a “related party transaction” for the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval under MI 61-101 as the fair market value of each of the insider’s participation in the Offering does not exceed more than 25% of the market capitalization of the Company, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101. 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 54,683,583 shares outstanding.

For further information, please contact: 

Dustin Perry, P.Geo. 

CEO and Director

Phone:​+1 778 606 2507

E-Mail: info@kingfishermetals.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,”“believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,”“may,” “could” or “should” occur.

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that due to demand the Company will increase its previously announced non-brokered private placement of units (the “Units”) at a price of $0.165 per Unit to aggregate gross proceeds of up to $1,850,000 (the “Offering”), which was previously announced on December 10, 2024, and December 17, 2024.

Each Unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company for 24 months from the closing date of the Offering at an exercise price of $0.30.

The net proceeds from the Offering will be used for, but are not limited to, continuing to expand Kingfisher’s business, including the acquisition of the Ball Creek West project from P2 Gold Inc., and general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 43,201,553 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 778 606 2507
E-Mail: info@kingfishermetals.com    

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.