Kingfisher Provides 2024 Exploration Update

VANCOUVER, British Columbia, September 10, 2024 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to report the completion of its program of mapping, sampling, and IP surveys at the consolidated HWY 37 and LGM projects in the Golden Triangle, British Columbia. 

Highlights

  • IP surveys were completed at the Mary-ME porphyry, and Hank-Williams porphyry-epithermal areas totalling 14.14 line km.
  • Mapping was completed at the Mary, ME, Hank, Williams, Rainbow, Ridge, Goat and Grizzly targets in addition to several unnamed areas of interest. 
  • The addition of porphyry-epithermal expert Dr. Stephanie Sykora to the technical advisory board.
  • Historical drill core from the Mary, Rainbow, Hank, and Williams zones was reviewed.
  • The planned ZTEM survey was delayed due to equipment issues and weather delays at other projects and is expected to begin at the HWY 37 project this week. 
  • Machine learning with VRIFY AI is currently underway and results will be released once 2024 data is integrated into the exploration model.
  • The BC Geological Survey spent a week on site as part of a porphyry research initiative that will include future age dates.

Dustin Perry, CEO states “After spending a week on site this year visiting all of the porphyry-epithermal centers on the project, I am even more encouraged by the tremendous discovery potential of this large land position in the prolific Golden Triangle, Additionally, after working with Stephanie the last two field seasons we are thrilled to have her join our advisory board. Her wealth of global experience in copper-gold systems will be a significant asset as we advance our projects in the Golden Triangle.”

Dr. Stephanie Sykora, states “After two field seasons working with Kingfisher on their HWY 37 project, I am encouraged to see the potential in their large land package, which shows various styles of mineralization in prospective terrain that hasn’t yet been fully explored. It is exciting to be part of the progress with a dynamic, young team that is discovery driven.”

Dr. Stephanie Sykora is a seasoned exploration geologist with over a decade of global experience working with major and junior companies. She has a PhD degree in Geology from the University of Tasmania (CODES), Australia where she studied the giant Lihir (Ladolam) alkalic epithermal gold deposit in Papua New Guinea, under supervision of Professor David Cooke and Dr. David Selley.

Dr. Sykora currently works as an independent consultant, and via OreQuest Consultants Ltd., with various companies in Canada, USA, Mexico and worldwide. She has held positions at First Quantum Minerals in South America, Australia, and globally for generative porphyry copper exploration, and at Teck Resources in BC, Canada in porphyry exploration at Highland Valley Copper. Her expertise includes field mapping, technical evaluations, project generation, structural geology, and porphyry-epithermal systems. Dr Sykora has published several articles in peer-reviewed scientific journals as well as various scientific communications for earth sciences.

HWY 37 Project and LGM Project Summary

The contiguous HWY 37 and LGM projects cover 630 km2 within the prolific Golden Triangle and are host to porphyry, epithermal, and VMS mineralization spanning from the Late Triassic to Middle Jurassic. 

The Grizzly Cu-Au porphyry system is inferred to be the oldest at the project (Late Triassic). Previous workers identified pseudoleucite-bearing volcanic host rocks, a unique rock type also present at the world class, alkalic Galore Creek deposit (Teck/Newmont) located 50 km to the west. Historical trenching at Grizzly returned 0.74% Cu and 1.09 g/t Au over 38 m.

Texas Creek intrusions (Early Jurassic) are the most widespread at the projects with a span over 25 km in a NE to SW trend with widespread geochemical anomalies and alteration.  Mary, Williams, Rainbow, and Hank alteration systems are all related to these intrusions which also drive mineralization at the Sulphurets District (KSM, Treaty Creek, and Brucejack) and the Snip-Iskut District. The Company notes that mineralization on nearby projects or metal districts is not indicative of mineralization on the HWY 37 or LGM Projects. 

Figure 1: Regional Overview Map – HWY 37 and LGM Projects

2024 Exploration Program

The 2024 field program was designed to refine drill targets across the HWY 37 and LGM projects.  A focus was placed on new interpretations of the controls on mineralization across a broad area through detailed geological mapping by Dr. Stephanie Sykora. A total of 214 rock samples were taken by Kingfisher geologists, 296 geological field stations collected, and 14.14 line km of IP surveys were surveyed over 4 lines (Figure 2). 

The BC Geological Survey spent 7 days studying intrusions across the project area as part of a regional porphyry research initiative. Results from the 2024 exploration program will be released once they are received and interpreted.   

The ZTEM survey which was planned for earlier in the summer has been delayed due to equipment and weather issues at other nearby projects. Despite this, the survey is planned to begin this week. 

Figure 2: 2024 Exploration Program

Hank-Williams Trend

Mapping at the Hank-Williams Trend focused on improving the understanding of the structural controls to mineralization in areas prospective for drilling. Surface mapping also identified an expanded extent of hydrothermal alteration of roughly 6 x 6 km of quartz-sericite-pyrite (QSP).

Two IP lines were completed to extend coverage to the south and north of historical surveys. The southwestern line (3.2 km) is designed to test below an area concealed by young (post-gold) rocks and to characterize the Rojo Grande target. The northeastern line (5.7 km) spans the known Williams porphyry deposit, across the Hank epithermal deposit, and southeast past the limit of historical drilling for over 2.5 km.  This line is designed to outline porphyry targets below the known Hank epithermal system, to generate a fingerprint of the Williams deposit on the same line.

Figure 3: The Hank Deposit within the Hank-Williams Trend

Mary Trend

One 3.2 km IP line is designed to outline the trend of mineralization at an optimal azimuth not completed on previous surveys and provide information to drill target the Mary Root Zone and the deeper extents of the Mary deposit. The line will also include the DM porphyry to the northeast, which returned 0.28 g/t Au and 0.21% Cu over 223.3 m from 16 m depth (BC-06-03) and the Cliff porphyry to the southwest, which was drill tested with two holes in 2023 with the best intercept returning 0.11% Cu over 114 m (M-23-001).

Mapping and sampling in the area outlined a ~600 m-long zone of stockwork and sheeted veins that parallels the overall northeast to southwest trend of mineralization to the south and west of the DM Zone that has only been partially tested with historical drilling. One outcrop of chalcopyrite-bearing stockwork north of the DM zone was also visited and sampled that has not been tested by drilling. Kingfisher geologists noted bornite in historical drill core in the DM area which indicates potential for elevated relative copper for exploration targets. Bornite has not yet been identified in drill extents at the higher elevation, known Mary deposit.

Figure 4: The Mary Deposit

ME

Mapping was completed at the ME porphyry target to the south of the Mary deposit and Cliff porphyry. Two areas of porphyry stockwork were mapped, chip-channel sampling was completed, and one 2-km IP line was completed with the goal of outlining the geometry of chargeable mineralization identified on surface.  Widespread ‘quartz-sericite-pyrite’ alteration was noted across the zone with significant chalcopyrite mineralization hosted within stockwork over a ~300 m of vertical extent. 

Figure 5: The ME Zone

Rainbow

The Rainbow Zone occurs as a small outcrop with brecciated vein clasts of high-level sheeted porphyry veins. Mapping in 2024 noted that the breccia occurs with a magnetite (potassic) matrix. Previous operators drilled below the discovery hole (RN-11-01; 0.76 g/t Au over 91 m) with limited success.  

The brecciated and structurally complex nature of mineralization in the area of historical drilling provides a geological explanation for how previous operators did not reproduce the initial drill results. Drill core review confirmed this field observation. Given the presence of potassic alteration at surface associated with gold and limited surface exposures due to the presence of widespread glacial till, future exploration in 2025 should include IP surveys in addition to ground based magnetic surveys which should outline areas of magnetite-cemented breccias.   

Figure 6: The Rainbow Zone

Ridge

The Ridge Zone hosts widespread in-soil and stream sediment geochemical anomalies for Au-Ag and base metals. Two days of mapping were completed at the Ridge Zone. Mapping indicated the presence of widespread carbonate alteration similar to other targets on the project (e.g., Mary and Hank) and is potentially indicative of a high-level porphyry environment. Mapping focused on vein and pyrite densities across two drainages. Future work will be planned after interpreting ZTEM results.

Figure 7: The Ridge Zone

Grizzly

The Grizzly Zone lies in the southwestern region of the recently acquired LGM Project. Grizzly is host to copper-gold porphyry mineralization with historical trench sampling of 0.74% Cu and 1.09 g/t Au over 38 m. The Company spent one day mapping creek exposures in the vicinity of historical sampling. Preliminary mapping and 3D modeling indicate that the limited amount of historical drilling failed to cross the trend of mineralization. 

Figure 8: The Grizzly Zone

BC Geological Survey

The BC Geological Survey (BSGS) completed 7 days of fieldwork at the HWY 37 and LGM projects which consisted of sampling outcrop and drill core for the various intrusive suites associated with mineralization.  They are completing a large-scale study north of the Iskut river that includes other significant projects such as Galore Creek. Their study will include obtaining dates from a number of these samples as well as characterizing the nature of these prospective intrusions with whole rock geochemistry and petrography.  The Company wishes to thank the BCGS for their helpful insight, as well as the additional ground we were able to cover during this program. Additionally, the Company looks forward to receiving accurate U-Pb age dates from their work which will further help characterize and drill target the mineralization on the projects.

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 underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has two 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 43,201,553 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]    

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 Closes Acquisition of the LGM Project in the Golden Triangle, British Columbia

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 LGM Project from Origen Resources Inc. (“Origen”), which was previously announced on June 6, 2024. Under the terms of the definitive agreement, the Company issued 3,000,000 common shares in the capital of Kingfisher to Origen and paid C$75,000 in cash to Origen in exchange for the transfer of the LGM Project claims on closing.

The 26,771 HaLGM Project is located immediately south and contiguous with Kingfisher’s HWY 37 Project, in Northwest British Columbia within the Golden Triangle. In addition, the LGM Property is subject to underlying royalty agreements over different parts of the project that range from 1 to 2% with Triple Flag Precious Metals (1%), Ryan Kalt (2%), and Carl von Einsiedel (2%). 

LGM Project Highlights

  • Expansion of contiguous holdings in the Golden Triangle from 362 km2 to 630 km2 including KSM-type targets in west, alkalic Galore Creek-type targets in central region (Grizzly and Lucifer) and unexplored Eskay Creek-type stratigraphy to the east.
  • Grizzly Target trench sampling from 2006 returned 0.74% Cu and 1.09 g/t Au over 38 m.
  • The LGM Project represents one of only three silica-undersaturated magmatic-volcanic complexes in the Golden Triangle with discovery potential for Galore Creek-type porphyry systems and has only seen 3,988 m of drilling.
  • Historical stream sampling at Lucifer outlined a 4 km-long trend of highly anomalous stream sediment samples grading up to 7.8 g/t Au – similar in strength and scale to the Hank epithermal deposit signature at HWY 37.
  • LGM Project is fully permitted for diamond drilling.

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 underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has two 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 43,219,553 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]    

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 Provides 2024 Phase 1 Exploration Update

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to initiate phase 1 exploration for the 2024 field season at the HWY 37, LGM, and Thibert projects in British Columbia.

Highlights

  • 1253 line-km ZTEM airborne geophysical survey at HWY 37 and LGM projects starting late June
  • VRIFY AI machine learning across HWY 37 and LGM projects underway
  • ZTEM results will see follow-up mapping and IP surveys on priority targets at HWY 37 and LGM
  • Soil and till sampling campaign at Thibert Project in June to follow up on prospectivity modeling completed over winter 2023-2024

Dustin Perry, CEO states “We are excited to get started with our 2024 field programs in northern BC. The goal of the ZTEM survey is to fingerprint the known porphyry centers at HWY 37 and LGM projects and discover new systems with the help of VRIFY AI. Following this survey, we will rate and rank targets and follow up with focused mapping and IP surveys. This will all lead into drill targeting for potential new discoveries within our large land position in the prolific Golden Triangle.”

HWY 37 Project and LGM Project Summary

The contiguous HWY 37 and LGM projects cover 630 km2 within the prolific Golden Triangle and are host to porphyry, epithermal, and VMS mineralization spanning from the Late Triassic to Mid-Jurassic. 

The oldest mineralization on the combined projects belongs to the Galore Creek Suite intrusions (Late Triassic) with silica-undersaturated porphyry Cu-Au mineralization at the Grizzly Target. Galore Creek Suite intrusions are also responsible for the world-class Galore Creek deposit (Teck/Newmont) located 50 km to the west. Historical trenching at Grizzly returned 0.74% Cu and 1.09 g/t Au over 38 m.

Texas Creek intrusions (Early Jurassic) are the most widespread intrusive bodies at the project covering over 25 km accompanied by widespread geochemical anomalies and alteration. Mary, Williams, Rainbow, and Hank mineral systems are all related to these intrusive bodies which are also responsible for mineralization in the Sulphurets District (KSM, Treaty Creek, and Brucejack) and the Snip-Iskut District. The Company notes that mineralization on nearby projects or metal districts is not indicative of mineralization on the HWY 37 or LGM projects. Historical drilling on the HWY 37 Project outlined three porphyry centers and one epithermal center. 

Figure 1: Regional Overview Map – HWY 37 and LGM Projects

Williams Cu-Au

The Williams porphyry deposit was discovered from 2017-2019 and is highlighted by intercepts such as 0.39 g/t Au and 0.33% Cu over 346.7 m. Williams sits adjacent to the 6 km-long Hank epithermal Au-Ag deposit and outcrops in the valley bottom with potassic alteration at surface. The increased copper to gold ratios at Williams, situated at a low elevation relative other porphyry targets in the district, demonstrates the potential for higher copper grades at depth across the project.  Williams lies within a

Mary Cu-Au

The Mary porphyry deposit is highlighted by intercepts such as 0.48 g/t Au and 0.14% Cu over 291.5 m and 0.54 g/t Au and 0.12% Cu over 430.7 m.  Drilling has outlined a mineralized trend measuring ~1300 m by 400 m and is interpreted as the upper levels of a large porphyry Cu-Au system where Au to Cu ratios are high. Mary sits within a 3 km-long IP chargeability anomaly greater than 20 mV/V and is also located within an 8 km-long geochemical anomaly.

Rainbow Cu-Au

The Rainbow Cu-Au system outcrops in an area of widespread glacial till cover draped over outcrop.  Historical drilling returned 0.76 g/t Au and 0.05 % Cu over 91 m from surface. Limited work has been done to identify the source of this mineralization or the lateral extent of the system beneath till with only 3 drill holes completed in the area. 

Hank Au-Ag

The Hank epithermal Au-Ag deposit occurs as a 6 km-long trend of epithermal alteration, mineralization, and geochemical anomalies. Historical drilling has outlined several zones of intermediate to high sulfidation epithermal mineralization ranging from lithocap alteration at the highest elevations to intermediate sulfidation mineralization closer to the valley bottom. Historical intercepts include high-grade intercepts such as 11.63 g/t Au and 13.8 g/t Ag over 20 m, 13.4 g/t Au and 132.4 g/t Ag over 9.1 m, and 133 g/t Au and 263 g/t Ag over 0.8 m. The Company believes there is significant potential to discover high-grade feeder mineralization at Hank given the majority of historical drilling was within 150 m of surface and limited to only one azimuth. Additionally, the Company believes there is potential for discovering a porphyry Cu-Au system at depth below epithermal mineralization.

ZTEM Survey

Geotech Ltd has been contracted to complete at 1253 line-km ZTEM survey over the HWY 37 Project. The airborne survey collects deep penetrating electromagnetic and magnetic data which will be used to fingerprint the known areas of mineralization and unlock buried targets across the project. ZTEM surveys have proven to be highly successful in global exploration for porphyry Cu-Au systems and epithermal Au-Ag systems, with examples including at Pebble, Cobre Panama, and Ana Paula.

VRIFY AI

Kingfisher has engaged VRIFY AI to leverage the power of advanced machine learning models to analyze and identify potential mineral targets at the HWY 37 and LGM projects in northwestern British Columbia’s prolific Golden Triangle. Through the use of public and proprietary data sets, VRIFY AI utilizes sophisticated machine learning classifiers to create 3D models of potential mineral targets, incorporating probabilistic values to assess the accuracy of these models. This innovative approach enhances the precision of geological targeting, enabling exploration teams to instantly access and apply machine learning as needed. This allows for more intentional and accurate drilling of known mineral targets while prioritizing exploration targets and discovering previously unidentified mineral prospects. The AI tool ensures unbiased geological targeting and subjective data interpretation, accelerating exploration processes and improving the accuracy of mineral system identification.

Data collected during the Phase 1 exploration program will be continuously fed into the machine learning models leading to improved drill targeting.

IP Surveys and Geological Mapping

Focused exploration work including deep penetrating IP geophysics by Peter E. Wallcot and Associates and geological mapping by Dr. Stephanie Sykora will be completed on targets generated from both the ZTEM survey and VRIFY AI.  The goal of these surveys will be to derisk targets prior to drilling. 

Thibert Project Summary

The 130 km2 Thibert Project is located approximately 65 km north of Dease Lake, northwest British Columbia and covers an area of significant historical and contemporary placer gold production from Thibert Creek and several tributaries for which the bedrock source has not yet been discovered. The Thibert Project spans 27 km of strike length along the Thibert Shear Zone – a major crustal scale terrane bounding fault system. The project is prospective for Cretaceous orogenic gold mineralization similar to that found in the Juneau Gold Belt in Alaska, the Motherlode District in California, and the Bralorne and Cassiar Districts in British Columbia. The Company notes that mineralization on nearby projects or metal districts is not indicative of mineralization on the Thibert Project.

Prospectivity Modelling

Using the Cassiar Gold District as an analogue, a 3-dimensional gold prospectivity assessment was completed at the Thibert Project. The model generated new prospective domains for bedrock gold discovery – Tier 1 and Tier 2 (Figure 2). Shear zones at Thibert were modelled in 3D based on airborne magnetic data and structural interpretation products from Fathom Geophysics (Figure 3). Structural prospectivity assessment was weighted based on ideal structural geometry (ENE) of sheeted vein arrays at Cassiar. Prospectivity is interpreted to broadly follow the trend of the Thibert shear zone, and geometry of the vein swarms and prospectivity domains are inferred to be ENE in orientation similar to at Cassiar. The most prospective domains (Tier 1) coincide with domains of multiple structural intersections, and Tier 1 coincide with at least one structural intersection.

Soil Sampling Program

The planned soil sampling program in 2024 consists of ~1000 soil samples with samples spaced 25 m apart on lines spaced 250 m apart over two areas of interest that coincide with Tier 1 and Tier 2 prospectivity areas with limited glacial till.

The exploration goal for the soil campaign is to outline significant areas of gold anomalism that will lead to a reconnaissance RAB drill program in the future.   

Figure 2: Thibert Project Map
Figure 3: Thibert Project 3D Prospectivity Model

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 underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has two 100% owned district-scale projects and an option to earn 100% of the HWY 37 project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 40,219,553 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]    

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.

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the projects, 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 Signs Definitive Agreement to Acquire the LGM Project in the Golden Triangle, British Columbia

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 (the “Agreement”) to acquire the LGM Project from Origen Resources Inc. (“Origen”). The 26,771 HaLGM Project is located immediately south and contiguous with Kingfisher’s HWY 37 Project, in Northwest British Columbia within the Golden Triangle.

Highlights

  • Expansion of contiguous holdings in the Golden Triangle from 362 km2 to 630 km2 including KSM-type targets in west, alkalic Galore Creek-type targets in central region (Grizzly and Lucifer) and unexplored Eskay Creek-type stratigraphy to the east.
  • Grizzly Target trench sampling from 2006 returned 0.74% Cu and 1.09 g/t Au over 38 m.
  • The LGM Project represents one of only three silica-undersaturated magmatic-volcanic complexes in the Golden Triangle with discovery potential for Galore Creek-type porphyry systems and has only seen 3,988 m of drilling.
  • Historical stream sampling at Lucifer outlined a 4 km-long trend of highly anomalous stream sediment samples grading up to 7.8 g/t Au – similar in strength and scale to the Hank epithermal deposit signature at HWY 37.
  • LGM Project is fully permitted for diamond drilling.

Dustin Perry, CEO states “Acquiring the LGM Project fits into Kingfisher’s strategy to explore large district-scale opportunities and further increases our land holdings adjacent to Highway 37 in the prolific Golden Triangle. Historical results at LGM show very encouraging early-stage indications of porphyry Cu-Au mineralization with the Galore Creek potential.”

Gayle Febbo, VP Exploration states “The Grizzly and Voigtberg showings represent the only known showings in the region with mineralization hosted in pseudoleucite bearing volcanic rocks without a significant discovery. My work at Galore Creek focused on the structural patterns of ore shoots, and I believe comparable unrecognized patterns and potential exist for the LGM Project.”

The LGM Project Overview

The LGM Project lies directly south of the HWY 37 Project (Figure 1). It parallels Highway 37 and is bound to the south by the Galore Creek access road. The project comprises 26,771 Ha with underlying NSR royalties ranging from 1% to 2%.

LGM offers exposure to three district-scale exploration targets: 1) KSM-type porphyry showings (Texas Creek suite intrusions) in the western half of project, 2) Galore Creek-type showings in the southwest region of project (Galore Creek suite intrusions), and 3) Eskay-type prospective stratigraphy in the eastern project (Iskut River Formation). Despite the highly favourable location within the Golden Triangle and proximity to both the highway and the Galore Creek access road, the project has only seen 3,988 m of shallow reconnaissance diamond drilling. Historical exploration at the project has focused on the Grizzly and Lucifer targets with exploration dating back to the 1970s.

The LGM/Voigtberg, Galore Creek, and Newmont Lake projects represent the only three areas in the Golden Triangle where ~210-208 Ma silica-undersaturated, alkalic magmatic-volcanic complexes are identified. These rare and Cu-Au-rich systems are marked by the presence of pseudoleucite in both the intrusions and in the overlying volcanic rocks. Although many Galore Creek suite intrusions are identified in the region, only three reflect full vertical preservation that includes the pseudoleucite-bearing volcanic carapace. Galore Creek is the most advanced of these projects with a measured and indicated resource of 1,197 Mt at 0.46% Cu and 0.25 g/t Au, and the Newmont Lake Project is host to the Burgundy Ridge drill delineated Cu-Au porphyry deposit. The LGM/Voigtberg region represents rare exposure to a Galore Creek-type system, and the only magmatic-volcanic complex where a deposit has not yet been delineated. The Company notes that mineralization on nearby projects is not indicative of mineralization on the LGM Project.

Figure 1: Regional Overview Map

Figure 2: LGM Project – Grizzly-Voigtberg-Lucifer Trend

 Grizzly Porphyry Target Area

The Grizzly target (Figure 2) is a silica-undersaturated alkalic Cu-Au porphyry with a comparable setting to Galore Creek. The target is centered on a surface trench of 0.74% Cu and 1.09 g/t Au over 38 m and lies within a 1 km by 1 km Cu-Au-Ag-Mo soil geochemical anomaly that grades up to 2916 ppm Cu,  1100 ppb Au, 5.4 ppm Ag, and 160 ppm Mo. Excellent rock sampling results up to 5.91% Cu and 13 g/t Au at Grizzly were the focus of a small drill program in 2008, with 1442.9 m of diamond drilling.

The small program failed to identify the geometry of the porphyry intrusion and drilled exclusively along an east-west azimuth into pseudoleucite-bearing rocks. The NNE axis of mineralization in moderately S-dipping gully defined by rocks was not crossed by the 2008 drill holes. Anomalous intercepts from 2008 include 0.16 g/t Au and 0.10% Cu over 66.6 m (hole GRZ08-11).    

Follow-up geophysical surveys identified a moderate chargeability and magnetic anomaly directly below the Grizzly trench showing. The strongest chargeability anomaly remains untested and lies downslope from the Grizzly showing in a region where monzonite to syenite porphyry is mapped on surface. Three large untested magnetic anomalies were identified at depth below the Grizzly showing, the most westerly coincides with a moderate shallow chargeability anomaly.

The Grizzly showing appears to be a high-level, Galore Creek-type setting with several untested geophysical anomalies and excellent trench results that have not been crossed by drilling. The first-ever 3D modelling was completed by Kingfisher during the due diligence process, and it highlighted porphyry mineralization outlined by historical trenching occurs as a ~150 m wide panel that dips moderately to the south on the shoulder of a large magnetic anomaly. The region represents an opportunity to test higher-level, structurally controlled porphyry emplacement bodies from surface as well as deeper, bulk tonnage porphyry targets.

Lucifer Porphyry and Epithermal Target Area

Lucifer is an early-stage 4 by 5 km region defined by a Cu-Au-Ag-Mo soil geochemical anomaly grading up to 3383 ppb Au, 787 ppm Cu, 5.6 ppm Ag, and 216 ppm Mo; the strongest ASTER anomaly across the Grizzly-Voigtberg-Lucifer Trend; and a 2.5 km by 1 km area of silica-sericite-carbonate-pyrite alteration outlined by Noranda in 1991.  The region is also defined by a large gossan continuous with the Grizzly and Voigtberg targets and is prospective for both porphyry and epithermal mineralization. 

Widely spaced drilling at Lucifer amounts to 1,821.96 m. Airborne geophysical surveys were completed at Lucifer including magnetic susceptibility and VTEM.

The source of Cu-Au mineralization at Lucifer is not yet drill delineated and several gossans on surface to the east are unsampled.

Potential Continuation of Hank-Williams Trend

The northern LGM project lies to the southwest from the Hank-Williams Trend on the HWY 37 Project. Within this area are Texas Creek Suite intrusions mapped by the BC Geological Survey. Much of the prospective region lies in areas of extensive glaciation that have undergone significant recession since the last work was completed in the area by Skeena Resources in 1990. 

Historical rock sampling of intrusive boulders at the toe of one glacier returned grades up to 0.90% Cu, 0.27 g/t Au, and 6.8 g/t Ag. That glacier has since receded by ~1,500 m and not been subsequently explored.  Sampling of lateral moraines in the area returned up to 4.5 g/t Au and 74.6 g/t Ag from breccias. 

Terms of the Agreement

Under the terms of the Agreement, the Company will issue 3,000,000 common shares in the capital of Kingfisher, to Origen and pay C$75,000 in cash to Origen in exchange for the transfer of the LGM Project claims on closing. In addition, the LGM Property is subject to underlying royalty agreements over different parts of the project that range from 1 to 2% with Triple Flag Precious Metals (1%), Ryan Kalt (2%), and Carl von Einsiedel (2%). 

The transaction remains subject to various terms and conditions, including, but not limited to, the approval of the TSX-V and CSE.

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.

Options Issuance

Kingfisher also announces the grant of 1,700,000 stock options that are exercisable for a period of five years at a price of C$0.25 per share to its directors, officers, various staff members, and an investor relations consultant (Adelaide Capital Markets Inc.).

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has two 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 40,219,553 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]    

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.

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the transaction, 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 Announces Closing of Final Tranche of Oversubscribed Private Placement

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 March 18, 2024, and May 13, 2024, it has closed the second and final tranche of its previously announced private placement (the “Offering”) through the issuance of 6,869,998 units of the Company (a “Unit”) at a price C$0.175 per Unit for aggregate gross proceeds of C$1,202,249.65. On May 13, 2024, the Company closed the first tranche of the Offering for proceeds of C$906,212.43. In total, 11,391,212 Units and 511,111 flow-through units of the Company were issued for aggregate gross proceeds of C$2,108,462.08.  

Each Unit consists 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 second tranche of the Offering at an exercise price of C$0.30.

In connection with the second tranche of the Offering, commissions on the sale of the Units were paid to an eligible finder (the “Finder”) in accordance with the policies of the TSX Venture Exchange and applicable securities law. The Company paid a cash commission of C$630.00 and issued 3,600 finder warrants (the “Finder Warrants”) to a Finder. Each Finder Warrant entitles the holder thereof to acquire one common share at a price of C$0.30 at any time prior up to 24 months following the closing date of the second tranche of the Offering.

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 second tranche of the Offering.

Multilateral Instrument 61-101 – Related Party Transaction

Crescat Portfolio Management LLC is an insider of the Company and participated in the second tranche of the Offering by purchasing 2,857,142 Units for an aggregate subscription price of C$500,000. 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 underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 40,219,553 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]    

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 Announces Closing of First Tranche of Private Placement

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (Kingfisher or the Company) is pleased to announce that, further to its news release dated March 18, 2024, it has closed the first tranche of its private placement financing (the “Offering”) through the issuance of 4,521,214 units of the Company (a “Unit”) at a price $0.175 per Unit and 511,111flow-through units of the Company (a “FT Unit”) at a price of $0.225 per FT Unit for aggregate gross proceeds of C$906,212.43. A second and final tranche of the Offering of up to an additional approximately C$1,093,787.57 remains open and is expected to close in May 2024.

Each FT Unit consists of one flow-through common share and one half of one transferable non-flow-through common share purchase warrant. Each Unit consists of one common share and onehalf 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 first tranche of the Offering at an exercise price of C$0.30.

The gross proceeds received by the Company from the sale of the FT Units will be used, pursuant to the provisions in the Income Tax Act (Canada) (the “Tax Act”) to incur, directly or indirectly, expenses (“Qualifying Expenditures) related to the Company’s projects in British Columbia, on or before December 31, 2025, that are eligible Canadian exploration expenses (as defined in the Tax Act), which will qualify as flow-through critical mineral mining expenditures (as defined in the Tax Act) and “BC flow-through mining expenditures” as defined in the Income Tax Act (BC). The Company willrenounce all the Qualifying Expenditures in favour of the applicable subscribers of the FT Units effective December 31, 2024.

In connection with the first tranche of the Offering, the Company paid to Red Cloud Securities Inc. a finder’s fee of $1,050 in cash.

The Offering is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. All securities issued pursuant to the first tranche of 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 first tranche of the Offering.

Multilateral Instrument 61-101 – Related Party Transaction

Dustin Perry, CEO, is an insider of the Company andparticipated in the first tranche of the Offering by purchasing 114,286 Units for an aggregate subscription price of C$20,000. Richard Trotman, a director, is an insider of the Company and participated in the first tranche of the Offering by purchasing 30,000 Units for an aggregate subscription price of C$5,000. DCJL Management Ltd. (“DCJL”) is aninsider of the Company by virtue of David Loretto, a director, controlling DCJL. DCJL participated in the first tranche of the Offering by purchasing 30,000 Units for an aggregate subscription price of C$5,000. Alejandro Emiliano Gubbins Cox is an insider of the Company and participated in the first tranche of the Offering by purchasing 1,143,000 Units for an aggregate subscription price of C$200,025. Plethora Precious Metals Fund Management is an insider of the Company and participated in the first tranche of the Offering by purchasing 750,000 Units for an aggregate subscription price of C$131,250. 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 underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 33,349,555 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone:+1 236 358 0054

E-Mail: [email protected]

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 Provides Update on Share Consolidation

VANCOUVER, British Columbia – April 3, 2024 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) announces that it will complete a consolidation of the issued and outstanding shares of the Company at a ratio of five (5) pre-consolidation common shares for one (1) post-consolidation common share (the “Consolidation”). The Consolidation will take effect on opening of business on April 8, 2024.

The Consolidation will increase Kingfisher’s flexibility and competitiveness in the market, and to make the Company’s securities more attractive to a wider audience of potential investors.

As a result of the Consolidation, the Company’s currently issued and outstanding 141,586,151 common shares will be reduced to approximately 28,317,230 common shares. No fractional common shares will be issued as a result of the Consolidation. Instead, any fractional common shares will be rounded down to the nearest whole number of common shares. The Company’s new CUSIP number is 49571M503 and its new ISIN number is CA49571M5037.

In accordance with the Articles of the Company, the Consolidation does not require approval of the shareholders of the Company.

Registered shareholders will receive a letter of transmittal from the Company’s transfer agent, Computershare Investor Services Inc. (“Computershare”), with information on how to exchange their old share certificates representing pre-Consolidation common shares with the new share certificates representing post-Consolidation common shares. Computershare will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of post-Consolidation common shares to which the shareholder is entitled. Until surrendered, each share certificate representing pre-Consolidation common shares of Kingfisher will be deemed for all purposes to represent the number of whole post-Consolidation common shares to which the holder is entitled as a result of the Consolidation.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: [email protected]    

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

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Kingfisher. In making the forward-looking statements, Kingfisher has applied certain assumptions that are based on information available, including Kingfisher’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Kingfisher does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Kingfisher Provides Update on Private Placement

VANCOUVER, British Columbia – March 26, 2024 -Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) announces that further to its previous release on March 18, 2024, to complete a non-brokered private placement (the “Offering”) for gross proceeds of up to $2 million that the Company intends to complete a consolidation of its common shares on the basis of one (1) post-consolidation Common Share for each five (5) pre-consolidation Common Shares (the “Consolidation”).

The Offering

The Offering will consist of a non-brokered private placement of flow-through units (the “FT Units”) at a post-Consolidation price of $0.225 per FT Unit($0.045 per FT Unit on a pre-Consolidation basis)and units (the “Units”) at a post-Consolidation price of $0.175 per Unit ($0.035 per Unit on a pre-Consolidation basis) for aggregate gross proceeds of up to $2.0 million.

Each FT Unit will consist of one flow-through common share and one half of one transferable non-flow-through common share purchase warrant. 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 $0.06 ($0.30 on a post-Consolidation basis).

The Offering will be made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements. 

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada) (the “Tax Act”) to incur, directly or indirectly, expenses (“Qualifying Expenditures”) related to the Company’s projects in British Columbia, on or before December 31, 2025, that are eligible “Canadian exploration expenses”(as defined in the Tax Act), which will qualify as “flow-through critical mineral mining expenditures”(as defined in the Tax Act) and “BC flow-through mining expenditures” as defined in the Income Tax Act (BC). The Company will renounce all the Qualifying Expenditures in favour of the applicable subscribers of the FT Units effective December 31, 2024. 

The Offering is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. The FT Units and the Units will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws.

In connection with the Offering, certain arm’s-length parties may receive a cash finder’s fee payment and/or warrants to purchase common shares in the capital of the Company in consideration of securities that are sold to subscribers introduced by suchparties. Any cash finder’s fee payment and/or warrants will be subject to the approval of and will be issued in accordance with the rules of, the TSX Venture Exchange.

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.

The Consolidation

The Company currently has 141,586,151 common shares issued and outstanding and following the completion of the Consolidation will have approximately 28,287,230 common shares issued and outstanding, without taking into account the Offering. The number of post-Consolidated common shares to be received will be rounded up to the nearest whole number for fractions of 0.5 or greater or rounded down to the nearest whole number for fractions of less than 0.5.

Pursuant to the provisions of the Business Corporations Act (British Columbia) and the Articles of the Company, the Consolidation was approved by way of resolution passed by the board of directors of the Company.

The Company will apply to the TSXV for approval of the Consolidation. The common shares will commence trading on a post-consolidated basis on a date to be determined in consultation with the TSXV, which date will be announced in a subsequent news release once confirmed, but is expected to occur prior to the closing of the Offering. The Company’s name and trading symbols will remain unchanged.

About Kingfisher Metals Corp.

Kingfisher Metals Corp.(https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 141,586,151 shares outstanding.

For further information, please contact: 

Dustin Perry, P.Geo. 
CEO and Director
Phone:​+1 236 358 0054
E-Mail: [email protected]

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 Announces Private Placement of up to $2.0 Million

VANCOUVER, British Columbia – March 18, 2023 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce a non-brokered private placement of flow-through units (the “FT Units”) at a price of $0.045 per FT Unit and units (the “Units”) at a price of $0.035 per Unit for aggregate gross proceeds of up to $2.0 million (the “Offering”).

Each FT Unit will consist of one flow-through common share and one half of one transferable non-flow-through common share purchase warrant. 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 $0.06.

The Offering will be made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements. 

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada) (the “Tax Act”) to incur, directly or indirectly, expenses (“Qualifying Expenditures”) related to the Company’s projects in British Columbia, on or before December 31, 2025, that are eligible “Canadian exploration expenses”(as defined in the Tax Act), which will qualify as “flow-through critical mineral mining expenditures”(as defined in the Tax Act) and “BC flow-through mining expenditures” as defined in the Income Tax Act (BC). The Company will renounce all the Qualifying Expenditures in favour of the applicable subscribers of the FT Units effective December 31, 2024. 

The Offering is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. The FT Units and the Units will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws.

In connection with the Offering, certain arm’s-length parties may receive a cash finder’s fee payment and/or warrants to purchase common shares in the capital of the Company in consideration of securities that are sold to subscribers introduced by suchparties. Any cash finder’s fee payment and/or warrants will be subject to the approval of and will be issued in accordance with the rules of, the TSX Venture Exchange.

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 underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 130,436,151 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: [email protected]    

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 Drills 438 m of 0.43 g/t Au Eq. From Surface at HWY 37 Project in the Golden Triangle, BC

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the full results of the 2023 diamond drilling program at the HWY 37 Project with 2,150 m drilled over six holes (Fig. 1). The project is located in northwest British Columbia within the Golden Triangle.

Highlights

  • A ~100 m southern step-out at the Mary porphyry deposit returned 0.43 g/t Au Eq over 438 m (0.26 g/t Au, 0.043% Cu, and 36 ppm Mo; hole M-23-006) and is the first-ever hole into barren cover rocks that significantly expands the prospective area.
  • A high-level setting, indicated by epithermal veins at Mary (3 m of 811 g/t Ag; M-23-006), suggest potential for an increase in disseminated porphyry copper grades at deeper levels.
  • A ~1,000 m southeastern step-out from Mary delineated a large alteration body below the barren cover at the Mary Root Zone target consistent with a flanking zinc-rich ‘pyrite halo’ position to a porphyry core including 241.7 m of 0.31 g/t Au Eq. (0.16 g/t Au, 4.6 g/t Ag, 0.039% Pb, 0.126% Zn; hole M-23-002).
  • Drilling at Cliff Porphyry is the first to test a sizeable 300 by 150 m quartz stockwork body separated from the Mary deposit by >1,400 m to south-southwest across a drape of barren cover rock. Initial test of stockwork returned 114 m of 0.2% Cu Eq. (0.114% Cu, 0.04 Au, 67 ppm Mo; hole M-23-001).

Dustin Perry, CEO states “Our modestly sized first ever drill program at HWY 37 successfully delivered results supporting our thesis that the Mary area has significant room to grow and that there is potential for the discovery of large porphyry systems comparable to other deposits within the Golden Triangle. We look forward to continued drilling in 2024 at this underexplored porphyry district within the prolific Golden Triangle of British Columbia.”

Gayle Febbo, VP Exploration states “The large vertical and lateral scale of alteration is reminiscent of other notable Au-Cu districts in the region such as KSM and Treaty Creek. This program has shown us that the Mary area has kilometer scale lateral exploration opportunities with a high-level porphyry setting ideal for the potential discovery of a lower-level copper body comparable to those delineated at KSM.”

Summary

The Mary deposit is one of three advanced targets on the HWY 37 Project in addition to the Williams Cu-Au porphyry deposit and the Hank Au-Ag epithermal deposit. The Mary porphyry system is located 9 km from Highway 37 and the Northwest Transmission Line. 

Drilling at the Mary deposit in 2023 expanded the northerly strike length from 360 m to 450 m and increased the width to ~240 m (Figs. 1 and 2). No previous programs have drilled beneath the cover rock (Fig. 2) to determine the economic potential of geological units, and these drill holes demonstrate that alteration projects under cover in a large region. The cover unit represents a significant untested target area that measures 1 x 1 km and is flanked by a significant stockwork body at Cliff to the south, a broad flanking-type porphyry alteration pattern to the east at Mary Root Zone target, and a drill delineated Mary deposit to the north.

The Mary Root Zone target concept was based on a large coincident chargeability-resistivity geophysical anomaly, and two holes were able to identify that the scale and depth of the anomalies is consistent with a very large gold-bearing hydrothermal system (Figs. 1 and 2). Metal zonation patterns, particularly of zinc, are commonly distributed in a flanking (along-side) or a carapace (above) body relative to the copper zone at both nearby porphyry deposits (e.g., Williams and Goldstorm deposits).

The Cliff stockwork body was tested by two holes – one to test the width extent and a second to test the depth extent. Compared to the Mary deposit, drilling intercepted a unique and more felsic phase of intrusion with a higher quartz vein abundance, a low gold to copper ratio, and high relative molybdenum to gold. The Cliff porphyry is interpreted as a relatively small, younger phase emplaced at the margin of a km-scale, zoned porphyry system represented in part by the Mary deposit and the Mary Root Zone target.

Table 1: Drill highlights eastern HWY 37 Project

TargetHoleFrom (m)To (m)Interval (m)Au Eq. g/t*Cu Eq. %*Au g/tAg g/tCu %Mo ppmPb %Zn %
CliffM-23-0012673811140.200.041.30.11467
Incl.330345150.350.070.90.151228
M-23-004229.129464.90.110.010.40.09213
Mary Root ZoneM-23-00279.3321241.70.31 0.164.60.01260.0390.126
Incl.106.1131.725.60.59 0.2611.30.00530.1350.277
Incl.171237660.51 0.306.20.022100.0370.161
M-23-003128189.561.50.30 0.113.50.00830.1020.233
M-23-003270322520.43 0.206.40.028120.0280.190
MaryM-23-00510.5123.3112.80.19 0.130.20.01635
M-23-00694474380.43 0.266.00.04336
Incl.422191770.62 0.3014.30.05656
Incl.105108311.36 0.128110.36044  
Incl.300330300.67 0.540.80.07513

*Au equivalent (Eq.) and Cu equivalent (Eq.) values were calculated using the following metal prices: Au = $1900.00/oz, Cu = $4.00/lb, Ag = $25.00/oz, Mo = $24.38/lb, Pb = $1.03/lb, and Zn = $1.13/lb. No current or historical metallurgical work has been completed on the mineral deposits within the Project and as such recoveries are assumed to be 100%. The formula used to calculate the equivalent values for the Mary Target and Figure 2, 3 and 9 is Au Eq. g/t = Au g/t + (Cu % * 1.4436) + (Ag g/t * 0.0132) + (Mo % * 8.7988). The formula used to calculate the Au equivalent values for Root Zone Target and Figure 5 is Au Eq. g/t = Au g/t + (Cu % * 1.4436) + (Ag g/t * 0.0132) + (Mo % * 8.7988) + (Pb % * 0.3717) + (Zn % * 0.4078). The formula used to calculate the Cu equivalent values for Figure 10 and Cliff Target is Cu Eq. % = Cu % + (Au g/t * 0.6927) + (Ag g/t * 0.0091) + (Mo % * 6.095).  Au Eq. and Cu Eq. are used for illustrative purposes and do not imply that the metals are economically recoverable.

Table 2: Diamond Drill Collars (NAD 83 – Zone 9), MRZ – Mary Root Zone

HoleAreaEastingNorthingElev. (m)Depth (m)AzimuthDip
M-23-001Cliff4139356347918144538413055
M-23-002MRZ4148226348312146041731065
M-23-003MRZ4147686348163140137230057
M-23-004Cliff4140366347812134033932767
M-23-005Mary4143306349201160818910580
M-23-006Mary414330634920116084498662

Mary Deposit Drilling

Hole M-23-006 successfully expanded both the strike-length and width of the Mary deposit with 0.43 Au Eq. over 438 m (Table 1) and also verified that significant exploration potential exists below the barren cover. Descriptions of the drill holes are available in a previous news release (November 2, 2023). The initial drill hole, M-23-005, was abandoned due to difficult drilling conditions and did not reach the interpreted location of the target copper body.

Drilling at the Mary deposit in 2023 expanded the northerly strike length from 360 m to 450 m and increased the width to ~240 m (Fig. 3). The Mary deposit dimensions are yet to be fully delineated, and significant potential exists under cover to the south and southeast.

Previous groups have been deterred from drilling below the barren cover unit due to the absence of geochemical anomalism. Holes M-23-005 and -006 are the first to collar in this geochemical ‘dead zone’ and demonstrate that this draped cover conceals a large porphyry alteration system.

The very high gold to copper ratios and presence of narrow high-grade silver at Mary, with 811 g/t Ag over 3 m (Table 1),are unusual for a porphyry deposit. In the upper couple hundred meters of the deposit, the gold to copper ratio ranges 8:1 to 6:1 and at mid-levels the gold to copper ratio is slightly higher at around 2:1. The high-gold metal ratios and epithermal textures near surface at Mary reflect the highest reaches of a porphyry system. Such systems commonly grade vertically into copper-dominant domains at depth.

Significant exploration potential exists for vertical zonation down to a copper-rich body at Mary. There are many examples in the region where gold-rich or gold-only porphyry deposits were discovered at surface and copper-rich bodies were eventually drilled below those levels. Examples include the deeper levels of the Goldstorm deposit (Treaty Creek project) the Mitchell deposit below Snowfield (KSM project), the Lower Iron Cap deposit below Iron Cap (KSM project). The Company cautions the reader that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the HWY 37 Project.

Mary Root Zone Target Drilling

Two holes at the Mary Root Zone Target were drilled at a spacing of ~170 m (Fig. 2).  Broad anomalous gold and zinc were intercepted, such as 241.7 m of 0.16 g/t Au, and 0.13% Zn (Table 1, Figs. 5 and 6). A third hole was planned and a drill pad built to test the highest value chargeability anomaly, ~260 m north of M-23-002, but slow drilling conditions at the Mary deposit (holes M-23-005 and -006) prevented the completion of the planned third hole during the 2023 program. For hole descriptions, see previous news release (November 2, 2023). The Mary Root Zone target tests a large coincident chargeability-resistivity geophysical anomaly that is mostly positioned below the barren cover rock (Fig. 7).

The area of drilling tests the margin of the barren cover rock and reflects a geochemical signature consistent with a flanking (alongside) or overlying domain to a gold-bearing porphyry. Broad zinc anomalism was intercepted throughout both holes (Fig. 8), such zinc anomalism is known both locally and regionally to be situated proximal to Cu-Au porphyry deposits. The width of the anomalous zinc intercepts (Fig. 8) at the Mary Root Zone is on par with those at the Goldstorm deposit, at the Treaty Creek Project. Zinc zonation is also present at the nearby Williams deposit, within HWY 37 Project, where anomalous zinc intercepts flank and overlie the porphyry deposit. The Company cautions the reader that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the HWY 37 Project.

Copper values at the Mary Root Zone are low, not exceeding 0.3% Cu throughout the broad anomalous zinc intercept. Many regional porphyry examples reflect a similar decoupled distribution of metal – low or no copper in the zinc zone, and very low zinc in the copper zone. See Goldstorm and Williams porphyry examples (Fig. 8) where very low zinc exists in the copper body and very little copper is delineated in the zinc zones.

The Company interprets the Mary Root Zone results to delineate the flanks or tops to a porphyry system with a much larger zonation scale than the known Mary deposit ~1 km to the NW. The presence of anomalous gold in the flanking alteration is a likely predictor of the presence of gold in the conceptual copper core as well. 

Figure 6: A) Pervasive and disseminated porphyry-style secondary quartz (qz), sericite (ser), pyrite (py), and sphalerite (sph) with late carbonate stringers (cb) in diorite; B) Volcaniclastic andesite altered to quartz (qz), carbonate (cb), sphalerite (sph), pyrite (py) and galena (gal), Mary Root Zone (M-23-002, 123.2 m)

Cliff Target Drilling

Two holes were drilled at the Cliff porphyry and were the first-ever test of a significant quartz stockwork body that measures 300 by 150 m on surface (Fig. 10). The stockwork body is located >1400 m to the south-southwest of the Mary deposit across a drape of barren cover. For a description of the holes see previous news release (November 2, 2023). Initial tests of the stockwork returned 114 m of 0.2% Cu Eq. (0.114% Cu, 0.04 Au, 67 ppm Mo; hole M-23-001).

Compared to the Mary deposit, drilling intercepted a unique and more felsic phase of intrusion with a higher quartz vein abundance (Fig. 11) and a low gold to copper ratio yet high relative molybdenum to gold. The Cliff porphyry is interpreted as a younger phase emplaced at the margin of a km-scale, zoned porphyry system represented in part by the Mary deposit and the Mary Root Zone target.

Future Plans

The Company is currently evaluating the extensive database of historical exploration and geological information in addition to our 2023 exploration results at the HWY 37 Project. Kingfisher is working toward the first-ever geological and structural 3D model for both the Mary and Hank-Williams regions. In 2023, Kingfisher completed the first-ever project-scale 3D inversion of historical airborne magnetic data and the first-ever 3D IP inversion of the Mary area. These new valuable datasets are currently being integrated with new 2023 geological surface mapping at Mary and at Hank areas for target generation and refinement.

In the summer of 2023, Kingfisher applied for a 5-year multi-year area-based permit (MYAB) covering the Hank portion of the HWY 37 Project. Hank is host to the Hank epithermal Au-Ag deposit with intercepts including 11.63 g/t Au over 20 m (HNK-18-010) across a ~6 km long trend of mineralization. The Hank area is also host to the 2017 discovery of the Williams porphyry deposit with intercepts including 0.34% Cu and 0.42 g/t Au over 318.73 m (HNK-18-013). The Company believes that there is significant discovery potential for both Brucejack-type intermediate sulfidation epithermal Au-Ag as well as Cu-Au porphyry deposits in the Hank portion of the project. It is anticipated that the Company will receive the 5-year drill permit in advance of the 2024 drill program and Kingfisher intends to focus on exploring both the Mary porphyry and Hank epithermal area targets with drilling in 2024.

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 underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 130,586,151 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: +1 778 606 2507
E-Mail: [email protected]   

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 forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: formulation of plans for drill testing; and the success related to any future exploration or development programs.

These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include; success of the Company’s projects; prices for gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour- related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks related to fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mineral exploration; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.