Category: News

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce furtherresults from the 2025 exploration and drilling program at the HWY 37 Project. The 933 km² HWY 37 Project is located within the Golden Triangle, British Columbia. 

Results have been received for an additional four diamond drill holes and soil samples from the 2025 program. Diamond drill hole HW-25-006 returned the longest gold intercepts ever at the Upper Hank epithermal system. The drill hole cut 110.0 m of 0.47 g/t Au (Figure 1, 2 & 3). This hole collared approximately 500 m to the southeast of the historical non-43-101 compliant mineral resource within the Pit area (0.22 MT of 4.4 g/t Au at West Pit and 0.22 MT of 2.4 g/t Au at East Pit). This drill hole demonstrates high potential for lateral andvertical expansion of a near surface bulk tonnage disseminated gold system. A 500 m gap in drilling to northwest at Pit deposit, 600 m gap in drilling to west, two shallow intercepts to south, and untested eastern domains points to significant growth potential.

Soil samples to the north of Hank have extended the gold-in-soils anomaly to the northeast by 1,100 m with samples up to 1732.3 ppb(1.73 g/t) Au (Figure 7). Results from the Williams porphyry systemin drill hole HW-25-001 also returned values of 548.1 m of 0.31 g/t AuEq including a 124.2 m of 0.43 g/t AuEq. This hole was drilled on the northwestern margin of the Williams deposit (Figure 4). 

Highlights from this release include:

• HW-25-006 (Hank):  241.0 m of 0.28 g/t Au from 192.0 m

o Including 110.0 m at 0.47 g/t Au from 197.0 m

• HW25-001 (Williams): 548.1 m of 0.31 g/t AuEq or 0.34% CuEq³ from 294.0 m

o Including 124.2 m of 0.43 g/t AuEq or 0.47% CuEq from 426.6 m

• Soils: Expansion of the gold in soil anomaly by approximately 1,100 m to the northeast, with samples up to 1732.3 ppb (1.73g/t) Au. 

Dustin Perry, CEO of Kingfisher, states “Hole 6 represents a significant advancement for the Hank area of the HWY 37 Project. Together with our enhanced geological understanding of the area, this drill hole demonstrates a significant increase in scale of a shallow bulk-tonnage gold system at Hank. The result from hole 6 combined with our incipient porphyry discovery in hole 11  shows that there is potential for a large near surface gold system situated above a large porphyry Cu-Au target, both within close proximity to highway and power. Extending the already large Hank gold-in-soil anomaly by over 1 km to the northeast further reinforces the impressive scale of the mineral system we are exploring.”

Table 1. Drill Results from this Release.

Hole No.	From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)	AuEq (g/t)
HW-25-001	249.0	797.1	548.1	0.14	0.16	1.8	0.34	0.31
incl.	426.6	550.8	124.2	0.18	0.23	3.0	0.47	0.43
HW-25-002	118.0	124.0	6.0	0.01	0.48	1.1	–	0.50
and	201.0	217.0	16.0	0.01	0.26	2.3	–	0.29
and	233.0	247.0	14.0	0.02	0.27	2.0	–	0.32
and	405.0	415.0	10.0	0.01	0.45	1.4	–	0.47
HW-25-003	101.7	108.0	6.3	0.01	0.50	5.0	–	0.56
and	160.0	164.0	4.0	0.01	0.77	8.6	–	0.87
and	487.5	488.4	0.9	0.01	1.68	33.9	–	2.02
and	504.0	510.0	6.0	0.03	0.34	4.2		0.41
HW-25-006	192.0	433.0	241.0	–	0.28	–	–	–
incl.	197.0	307.0	110.0	–	0.47	–	–	–

Note: Kingfisher has only received fire assay (Au) results from HW-25-006. Multi-element 4 acid digestion/ICP-ES/MS are still outstanding.

Figure 1 Plan View Historical and 2025 Drillhole Locations

HW-25-006 (Hank) Summary

Hole HW-25-006 was collared approximately 500 m to the southeast of the historical non-43-101 compliant mineral resource within the Pit area (0.22 MT at 4.4 g/t Au at West Pit and 0.22 MT @ 2.4 g/t Au at East Pit). This drill hole returned 110.0 m of 0.47 g/t Au  within a broader zone of 241.0 m of 0.28 g/t Au (Figures 2 & 3).  These findings indicate potential for expanding a near-surface bulk tonnagegold system both laterally and vertically. The results of HW-25-006, combined with significant spacing between historical drill holes opena large search space for the Kingfisher Exploration Team to target in future exploration programs. Historical drilling within this near surface gold zone was primarly designed to test gold soil anomalies with minimal focus on testing higher-grade structural corridors within the prospective area. Integrating the recently completed LiDAR survey into our 3D geology model will strengthen targeting of higher-grade ore shoots and feeders to the lower grade disseminated gold system. 

HW-25-006 was the first drill test by Kingfisher into the large-scale lithocap identified at Hank. The drill passed through a previously mapped pyrite-rich diatreme breccia body at surface, host to sooty pyrite-cement breccias (5–10% pyrite) which carry the gold intercept. These pyrite-rich units were also found to host traces of molybdenite, sphalerite, chalcopyrite, galena, and elevated cobalt mineralization as identifed visually and with pXRF. The pyrite alteration and veinsextend the known hydrothermal system deeper than previously mapped or drilled, with interpretation of the data continuing to determine the full potential of the Hank system. The pyrite explains the IP chargeability anomaly, suggesting strong future potential for targeting porphyry and precious metal systems, pending full assay results (only fire-assay Au results received to date for HW-25-006).

Figure 2: Upper Hank map showing location of HW-25-006 relative to historical drilling. 

Figure 3: Annotated cross–section of drill hole HW-25-006

HW-25-001 (Williams) Summary

HW-25-001 was completed upslope and west of the mineralized porphyry at Williams that crops out at surface. It was drilled steeply to the east at 119^o azimuth and -80^o dip. The drill hole wasdesigned to test the potassic core of the Williams porphyry system at depth, unfortunately it deviated more that 40 degrees on azimuth which was significantly more than expected and resulted in testing the flank of the system instead of the intended target.Despite this, HW-25-001 intersected potassic alteration overprinted by phyllic alteration and returned 548.1 m of 0.31 g/t AuEq or 0.34% CuEq including 124.2 m of 0.43 g/t AuEq or 0.47 % CuEq (Figures 4 & 5). This was the first drill test into Williams by Kingfisher, and it identified two distinct porphyry intrusive phases at Williams, enhancing Kingfisher’s understanding of the mineralized system and enabled more precise targeting of the younger, more productive intrusive phase.

Figure 4: Plan view showing location of drill hole HW-25-001, 002 & 003 and section lines.

Figure 5: Annotated cross-section showing HW-25-001. Section is showing a 150m wide viewing window

HW-25-002 & 003

HW-25-002 and HW-25-003 were drilled to the northwest of the Hank epithermal system and returned short intervals of gold and silver mineralization with up to 10 m of 0.45 g/t gold and 1.4 g/t silver and 4 m of 0.77 g/t gold with 8.6 g/t silver respectively (Figures 1 & 6).These results demonstrate potential for identifying further mineralized systems to the north of Hank. These holes were targeting shallow chargeability anomalies linked to the Williams porphyry at depth. Hole HW-25-003 showed intense quartz-sericite-pyrite-carbonate alteration in the top 250 m interpreted to be a porphyry-flanking alteration assemblage. This hole validates the potential location and scale of the Kaip porphyry target, ~450 m to the southwest. Both holes intersected a polyphase diatreme breccia, interpreted to be emplaced before Williams’ mineralization. Diatreme breccias often precede or follow porphyry Cu-Au deposit formation. Mapping and drill data from the Williams porphyry area suggest potential for porphyry Cu-Au at the margins of this diatreme. These observations elevate the prospectivity of other targets areas located to the south of these holes and the deep chargeability anomaly remains unresolved.

Figure 6: Annotated cross–section showing drill holes HW-25-002 and 003.

Soil Sampling Summary

Results from the 793 soils samples taken during the 2025 season have been received. The program was a combination of expanding coverage in prospective areas, as well as infill in areas where historical samples were not analyzed for a full assay suite of elements (Figures 7 & 8).

Highlights from the soil sampling program include a sample as high at 1.73 g/t (1732.3 ppb) Au collected on the northeastern edge of the historical Hank soil grid, expanding the gold in soil anomaly to the northeast. There is also a soil sample collected below the Cliff porphyry with 633 ppm Cu, 0.596 g/t (596 ppb) Au, 58.63 g/t Ag, & 235 ppm Mo in an area of no drilling (Figure 7). Kingfisher believes that these soil sample results will help define additional targets at the HWY-37 project for future exploration programs.

Figure 7: Plan map showing location and gold values of new 2025soil samples relative to historical work. 

Figure 8: Plan map showing location and copper values of new 2025 soil samples relative to historical work. 

New Staking – Eastern HWY 37 Project

Kingfisher has staked an additional 84.4 km² of mineral tenure adjacent and to the east of the HWY 37 Project (Figure 9).  With the addition of these mineral tenures, the HWY 37 Project now covers an area of 933.33 km². This new tenure covers land that is immediately adjacent to the Highway 37 and the Northwest Transmission Line. 

Figure 9:  Newly staked claims on HWY-37 project.

Outstanding Results

Kingfisher is still awaiting assays for diamond drill holes HW-25-008, HW-25-009, HW-25-010 and HW-25-011. It is unknown when these assay results will be received. Turn-around-times at the laboratory have been longer than expected. Kingfisher will release the data as soon as possible after receipt. 

The Company is also waiting on final IP and airborne EM (MMT) geophysical datasets as finalized geological mapping data collected during the 2025 field program. Results of these surveys will be released once received and interpreted. 

Furthermore, the Company has been notified by the Association of Mineral Exploration BC (AMEBC) that is has been accepted to present drill core from HWY 37 on January 26^th and 27^th 2026 at the AMEBC Roundup Core shack in Vancouver. Drill core from Williams as well as the new Hank porphyry system (HW-25-011) will be on display for the public to view. 

Quality Assurance / Quality Control (QAQC)

Drilling on site at the HWY 37 Project was supervised by on-site Kingfisher personnel who implemented a full QAQC program using coarse blanks, pulp blanks, standards, and duplicates inserted into the sample stream to monitor analytical accuracy and precision. The samples were sealed on site using tamper proof seals with unique identifiers. The samples were sent to the BV lab in Vancouver, British Columbia. BV’s quality control system complies with global certifications for Quality ISO/IEC 17025:2017 – General requirements for the competence of testing and calibration laboratories. Diamond drill core samples were analyzed using a combination of BV’s MA200 process for low level concentrations (4 acid digestion/ICP-ES/MS) and MA 370 process for higher level concentrations (4 acid digestion/ICP-ES). Gold assaying was completed using FA430, a 30-gram fire assay with AAS finish. If applicable, base metal overlimits were finalized with titration, andgold overlimits completed with a gravimetric finish. Technical aspects of this news release have been reviewed, verified, and approved by Tyler Caswell, P.Geo., Vice President Exploration of Kingfisher, who is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Minerals Projects.

Table 2. Drill results from this release.

Hole No.	From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)	AuEq (g/t)
HW-25-001	249.0	797.1	548.1	0.14	0.16	1.8	0.34	0.31
incl.	426.6	550.8	124.2	0.18	0.23	3.0	0.47	0.43
HW-25-002	118.0	124.0	6.0	0.01	0.48	1.1	–	0.50
and	201.0	217.0	16.0	0.01	0.26	2.3	–	0.29
and	233.0	247.0	14.0	0.02	0.27	2.0	–	0.32
and	405.0	415.0	10.0	0.01	0.45	1.4	–	0.47
HW-25-003	101.7	108.0	6.3	0.01	0.50	5.0	–	0.56
and	160.0	164.0	4.0	0.01	0.77	8.6	–	0.87
and	487.5	488.4	0.9	0.01	1.68	33.9	–	2.02
and	504.0	510.0	6.0	0.03	0.34	4.2		0.41
HW-25-004	328.1	885.9	557.8	0.29	0.30	1.6	0.64	0.58
incl.	328.1	562.5	234.4	0.44	0.49	2.3	1.00	0.91
HW-25-005	Hole abandoned – HW-25-006 is the redrill
HW-25-006	192.0	433.0	241.0	–	0.28	–	–	–
incl.	197.0	307.0	110.0	–	0.47	–	–	–
HW-25-007	Hole abandoned – HW-25-011 is the redrill
HW-25-008	Results Pending
HW-25-009	Results Pending
HW-25-010	Results Pending
HW-25-011	Results Pending

Note: Kingfisher has only received fire assay (Au) results from HW-25-006. Multi-element 4-acid digestion/ICP-ES/MS are still outstanding.

            Table 3. Collar location and orientation of 2025 Drilling

Hole ID	Easting (mE)	North (mN)	Azimuth (o)	Dip (o)	Final Depth (m)
	UTM NAD83 Zone 09
HW-25-001	409395	6344077	119	-80	803
HW-25-002	409769	6343628	292	-85	550
HW-25-003	410086	6343432	286	-68	668
HW-25-004	409510	6344131	169	-75	886
HW-25-005	410475	6341586	295	-76	282
HW-25-006	410475	6341586	295	-77	839
HW-25-007	408790	6342028	110	-65	192
HW-25-008	409415	6343882	027	-73	893
HW-25-009	409586	6343818	255	-82	761
HW-25-010	409419	6343879	075	-84	797
HW-25-011	408790	6342028	111	-65	959

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. Through outright purchases and option earn in agreements (Orogen Royalties and Golden Ridge Resources) the Company has quickly consolidated one of the largest land positions in the region at the contiguous 933 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,927,226 shares outstanding.

For further information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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.

VANCOUVER, British Columbia, September 23, 2025 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the identification of a new porphyry copper system below the Hank epithermal gold-silver system at the HWY-37 project. Additionally, the program at HWY 37 is complete for the 2025 exploration program and crews have been demobilized from site. The 849 km² HWY 37 Project is located within the Golden Triangle, British Columbia.

HW-25-011 Highlights:

• Identification of a new porphyry copper system below the Hank epithermal gold – silver deposits.
  • The redrill of the Lower Hank Porphyry target (HW-25-011) intercepted a new porphyry copper system over 429 meters (m). This intercept is significant as it demonstrates the potential for a large porphyry copper-gold system nested below the broad Hank epithermal gold-silver system (Figures 1-3).
  • The gold-silver mineralization observed at surface at Hank is considered to be related to the alteration and mineralization observed in HW-25-011.
  • Alteration and mineralization observed in HW-25-011 is interpreted to be in a proximal position, on the margins of a conceptual porphyry core.

Figure 1: Hank Porphyry Target Plan View

Summary of HW-25-011 & The Hank Porphyry Target

The planned depth of HW-25-011 was 650 m, however, it was extended to a final depth of 959 m based on observations of the drill core and to collect targeting data for follow-up drilling in 2026. Porphyry style alteration and mineralization was first observed at 530 m downhole depth and continued over 429 m with the end of hole (959 m) bottoming in copper mineralization.

Additional induced polarization (IP) geophysical survey data collected in 2025 helped to further refine the compelling geophysical signature of this target.  High chargeability domains (30-70 mV/V) flank a broad domain of moderate to high chargeability (20-30 mV/V) in this area (Figure 2).  This is interpreted to represent a pyrite-dominant shell lateral to a copper-sulfide dominant core.  IP resistivity also shows a broad resistive feature that is interpreted to represent a resistive porphyry intrusive core surrounded by conductive clay alteration (Figure 3). Airborne magnetics show a broad 1800 m x 900 m magnetic feature that could be mapping porphyry alteration (Figure 1).

These results and observations are significant in that they validate Kingfisher’s exploration model and demonstrate the potential for the Hank area to host a large-scale porphyry copper gold deposit.

Dustin Perry, CEO, states “This initial drill test below the extensive Hank epithermal Au-Ag system encountered a new porphyry copper system. This targeting success is a major advancement in confirming our exploration hypothesis that a large porphyry copper-gold system is responsible for the broad epithermal Au-Ag mineralization at Hank on surface. Our long-standing belief has been that the Hank alteration footprint was caused by either a cluster of Williams-style porphyry systems or that a larger porphyry system is located directly underneath it. This single drill hole appears to have glanced the side of robust new system.”

Figure 2: Hank Porphyry Target IP Chargeability

Figure 3:  Hank Porphyry Target IP Resistivity

Alteration observed in HW-25-011 is consistent with what is typically observed at the flanks of a porphyry copper-gold system. Visual observations of drill core show widespread multigenerational porphyry-style veins and disseminated mineralization with pyrite greater than chalcopyrite ± molybdenite throughout the intercept. Prior to this drill hole, historical drilling at Hank had not identified porphyry style mineralization (disseminated and porphyry vein hosted chalcopyrite) or zoned porphyry alteration.  

Three domains of interest were intersected in the hole:

1. 0 – 530 m: Distal low temperature alteration quartz-carbonate veins and disseminated pyrite, elevated lead and zinc.
2. 530 – 900 m: Proximal position porphyry alteration with quartz-chlorite-sericite-+/-epidote-pyrite in basalt. Pyrite to chalcopyrite ratios very high – chalcopyrite elevated in higher quartz stockwork domains (Figures 4-6).
3. 890 – 969 m: Proximal position porphyry alteration with chalcopyrite:pyrite ratios increasing and early K-feldspar-magnetite veins appear within the broad quartz-chlorite pyrite-chalcopyrite±molybdenite alteration reflecting a vector to a heat source or core system (Figures 7-9).

Figure 4: HW-25-011 588.4 m

Multi-stage veins with early stringers of magnetite (Mt), K-feldspar (Kf) and chalcopyrite (Cpy) overprinted by high density quartz (Qz), pyrite (Py), and chalcopyrite (Cpy) stockwork with chlorite (Chl) alteration replacement of magnetite.

Figure 5: HW-25-011 632 m

Early stringers of magnetite (Mt), K-feldspar (Kf), and chalcopyrite (Cpy) cut by stockwork of quartz (Qz), pyrite (Py), chalcopyrite (Cpy) and magnetite altered to chlorite (Chl) in halo

Figure 6: HW-25-011 646 m

High density sheeted quartz veins (Qz) with pyrite (Py), chalcopyrite (Cpy) and chlorite (Chl)

Figure 7: HW-25-011 894 m

Alteration to K-feldspar (Kf), quartz (Qz), magnetite (Mt) and chlorite (Chl) with chalcopyrite (Cpy) and pyrite (Py)

Figure 8: HW-25-011 923 m

Stockwork of quartz, pyrite and chalcopyrite (Qz-Py-Cpy) with halo alteration of magnetite and chlorite (Mt-Chl) overprinted by veins of quartz and molybdenite (Qz-Mo) with sericite (Ser) halos

Figure 9: HW-25-011 953.4 m

Quartz (Qz), chlorite (Chl), and magnetite (Mt) alteration with chalcopyrite (Cpy) and molybdenite (Mo) disseminated near veins and replacing early epidote

Hole HW-25-009 Summary

HW-25-009 was completed since the last release. It targeted the root area to the southwest Williams deposit. The hole started and continued in flanking alteration and mineralization until end of hole. The flanking alteration observed is K-feldspar-epidote-magnetite and high pyrite: chalcopyrite ratios – for the full length of the hole (Figure 10). The hole was terminated at 761 m which is ahead of 800 m target depth as it was determined it would not intersect the projected higher grade potassic alteration target.

Figure 10: HW-25-009

Late chalcopyrite-pyrite veins within intense phyllic alteration

Summary of Work Completed at HWY 37:

• Crews and equipment have been demobilized from site.
• Drilling was completed on September 7^th, totalling 7,630 m
  • All holes have been logged; samples have been cut and sent to the Bureau Veritas lab in Vancouver for assay 
• 84 person days of mapping
• >750 soil samples
• >650 surface rocks samples
• 30.7 line-km of IP geophysics
• 1,750 line-km (covering ~319 km²) of airborne Mobile Magnetotellurics (MMT) geophysical survey
• Light Detection and Ranging (LiDAR) survey covering 256 km² 

Table 1.  Summary of Diamond Drill Holes HWY 37 Project – 2025

Hole ID	Zone	Easting (mE)	North (mN)	Azi (o)	Dip (o)	Final Depth (m)	Status
		UTM NAD83 Zone 09
HW-25-001	Williams	409395	6344077	119	-80	803	Complete, samples shipped to assay lab
HW-25-002	East Williams	409769	6343628	292	-85	550	Complete, samples shipped to assay lab
HW-25-003	East Williams	410086	6343432	286	-68	668	Complete, samples shipped to assay lab
HW-25-004	Williams	409510	6344131	169	-75	886	Complete, results released
HW-25-005	Upper Hank	410475	6341586	295	-76	282	Lost hole at 282 m short of proposed depth – no plans to send for assay at this time.
HW-25-006	Upper Hank	410475	6341586	295	-77	839	Complete, samples shipped to assay lab. Redrill of HW-25-005
HW-25-007	Lower Hank	408790	6342028	110	-65	192	Lost hole at 192 m  short of proposed depth – no plans to assay at this time.
HW-25-008	Williams	409415	6343882	027	-73	893	Complete, samples shipped to assay lab
HW-25-009	Williams	409586	6343818	255	-82	761	Complete, samples shipped to assay lab
HW-25-010	Williams	409419	6343879	075	-84	797	Complete, samples shipped to assay lab
HW-25-011	Lower Hank	408790	6342028	111	-65	959	Complete, Redrill of HW-25-007, samples shipped to assay lab

Qualified Person

Tyler Caswell P.Geo., Kingfisher’s VP Exploration, is the Company’s Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Caswell has supervised, reviewed and approved the technical information presented in this release.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia.  Through outright purchases and option earn in agreements (Orogen Royalties and Golden Ridge Resources) the Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,927,226 shares outstanding.

For further information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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 Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce initial results from the 2025 drilling program at the HWY 37 Project. The 849 km² HWY 37 Project is located within the Golden Triangle, British Columbia. 

HW-25-004 has returned one of the highest and longest grade copper-gold intercepts ever completed at the Williams porphyry copper-gold deposit.  The drillhole intercepted 557.8 meters^[1] of 0.29% copper, 0.30 g/t gold, and 1.6 g/t silver (0.64% CuEq)^[2] (Table 1). Importantly this hole highlights a body of strong bornite mineralization demonstrating the potential for additional high-grade porphyry copper gold deposits at the HWY 37 Project.  Highlights include:

• HW-25-004:  557.8 meters at 0.64% CuEq from 328.10 meters
  • Including 234.35 meters at 1.00% CuEq from 328.10 meters

Dustin Perry, CEO of Kingfisher, states “In these initial drill results we see clear confirmation of our exploration concepts – consistent vertical grade and expansion of the bornite-rich stockwork. The new data de-risks the broader project targets, justifies future drill meters, and strengthens our conviction that we’re advancing a value-creating asset for shareholders.”

HW-25-004 Summary

HW-25-004 was collared at 169^o degrees and -75^o dip (Figure 1 &  2), upslope and north of potassic alteration at Williams. After passing through the Williams thrust fault at 327 meters (m), the drill cut into copper-bearing potassic alteration ( Figure 3). Well-developed potassic alteration with chalcopyrite-bornite-diginite is present from 328 to 805 m downhole with chalcopyrite-dominant mineralization from 805 to end of hole at 885.9 m. Bornite occurs at surface at the discovery outcrop 1040 m elevation (m el.) and has been intersected in historical drilling down to 480 m el. These new results extend bornite mineralization to 340 m el., or 140 m deeper than previously known (Figure 2). The higher-grade subinterval of 328.10 to 562.45 m is associated with several syn-mineral porphyry phases and elevated copper is best developed in high fracture zones, breccia and higher vein density at the margin to the porphyry contacts. This subinterval is interpreted to be the hot core of the sulfide system, as bornite > chalcopyrite. Bornite-rich cores to porphyry systems are commonly associated with associated elevated gold grades. This is the first intercept of the deeper extents of the bornite > chalcopyrite body and the vertical extent of this body is unknown.

Table 1: Hole HW-25-004 Assay Results

Hole	From (m)	To (m)	Interval1 (m)	Cu %	Au g/t	Ag g/t	CuEq2 %
HW-25-004	328.10	885.90	557.80	0.29	0.30	1.6	0.64
Incl.	328.10	562.45	234.35	0.44	0.49	2.3	1.00

Table 1.  Summary of Diamond Drill Holes

Hole ID	Zone	Easting (mE)	North (mN)	Azi (o)	Dip (o)	Final Depth (m)	Status
		UTM NAD83 Zone 09
HW-25-001	Williams	409395	6344077	119	-80	803	Complete, samples shipped to assay lab
HW-25-002	East Williams	409769	6343628	292	-85	550	Complete, samples shipped to assay lab
HW-25-003	East Williams	410086	6343432	286	-68	668	Complete, samples shipped to assay lab
HW-25-004	Williams	409510	6344131	169	-75	886	Reported in this release, Samples were prioritized
HW-25-005	Upper Hank	410475	6341586	295	-76	282	Lost hole at 282 m short of proposed depth – no plans to send for assay at this time
HW-25-006	Upper Hank	410475	6341586	295	-77	839	Complete, samples shipped to assay lab. Redrill of HW-25-005
HW-25-007	Lower Hank	408790	6342028	110	-65	192	Lost hole at 192 m  short of proposed depth – no plans to send for assay at this time
HW-25-008	Williams	409415	6343882	027	-73	893	Complete, samples shipped to assay lab
HW-25-009	Williams	409586	6343818	255	-82	761	Complete, samples shipped to assay lab
HW-25-010	Williams	409419	6343879	075	-84	797	Complete, detail logging and sampling in progress
HW-25-011	Lower Hank	408790	6342028	111	-65	959	Complete, Redrill of HW-25-007, detail logging and sampling in progress

Summary of Work Completed to date:

• Drilling was completed on September 7^th, totalling 7,630 m
  • HW-25-001, -002, -003, -004, -006, -008, and -009 have been sent to the Bureau Veritas (“BV”) lab for assay (currently logging and sampling HW-25-010 and 011). Failed holes HW-25-005 and -007 will not be assayed at this time.
• 84 person days of mapping
• >750 soil samples
• >650 surface rocks samples
• 30.7 line-km of IP geophysics
• 1,750 line-km (covering ~319 km²) of airborne Mobile Magnetotellurics (MMT) geophysical survey
• Light Detection and Ranging (LiDAR) survey covering 256 km² 

Quality Assurance / Quality Control (QAQC)

Drilling on site at the HWY 37 Project was supervised by on-site Kingfisher personnel who implemented a full QAQC program using coarse blanks, pulp blanks, standards, and duplicates inserted into the sample stream to monitor analytical accuracy and precision. The samples were sealed on site using tamper proof seals with unique identifiers. The samples were sent to the BV lab in Vancouver, British Columbia. BV’s quality control system complies with global certifications for Quality ISO/IEC 17025:2017 – General requirements for the competence of testing and calibration laboratories. Diamond drill core samples were analyzed using a combination of BV’s MA200 process for low level concentrations (4 acid digestion/ICP-ES/MS) and MA 370 process for higher level concentrations (4 acid digestion/ICP-ES). Gold assaying was completed using FA430, a 30-gram fire assay with AAS finish. If applicable, base metal overlimits were finalized with titration, and gold overlimits completed with a gravimetric finish. Technical aspects of this news release have been reviewed, verified, and approved by Tyler Caswell, P.Geo., Vice President Exploration of Kingfisher, who is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Minerals Projects.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. Through outright purchases and option earn in agreements (Orogen Royalties and Golden Ridge Resources) the Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,822,226 shares outstanding.

For further information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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.

---

[1] True widths of the reported mineralized interval have not been determined.

[2] Assumptions used in USD for the copper equivalent calculation (CuEq) were metal prices of $4.00/lb copper, $3,000/oz gold, and $30/oz silver.  Recovery is assumed to be 80% for copper, 80% for gold and 80% for silver.   The following equations was used to.  calculate the copper equivalence:  CuEq = copper (%) + (gold (g/t) x 1.0938) + (silver (g/t) x 0.0109).  Differences may occur due to rounding.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to provide an update on the 2025 exploration program at the HWY 37 Project. The 849 km² HWY 37 Project is located within the Golden Triangle, British Columbia. 

Drilling to date has focused on testing for depth extensions of the Williams porphyry Cu-Au system, porphyry Cu-Au targets across the valley (east) in areas with no historical drilling, and at the Upper and Lower Hank porphyry Cu-Au targets (Figures 1, 2 and Table 1).

Summary of Work Completed to date:

• 6,850 meters of drilling
  • HW-25-001, -002, -003, -004, and -006 have been sent to the Bureau Veritas lab for assay (currently logging the remainder)
• 84 person days of mapping
• >750 soil samples
• >650 surface rocks samples
• 30.7 line-km of IP geophysics
• 1,750 line-km (covering ~319 km²) of airborne Mobile Magneto Tellurics (MMT) geophysical survey
• Light Detection and Ranging (LiDAR) survey covering 256 km² 

The exploration team is busy compiling and interpreting all the information that has been collected this season.

Dustin Perry, CEO, states “We continue to see our exploration hypothesis validated with visible copper mineralization directly below known grade at Williams. HW-25-006 at Upper Hank intersected an 800-m vertically extensive sulfide-bearing hydrothermal system, confirming our hypothesis that the multi-kilometer scale hydrothermal system at Hank extends significantly at depth. In addition to drilling, our exploration team and consultants have covered a broad area with multiple geological, geophysical, and geochemical programs that will serve to further unlock the potential of this highly prospective large project.”

Figure 1: Hank-Williams Drill Area

Figure 2: Hank-Williams Alteration System

Hole ID	Zone	Easting (mE)	North (mN)	Azi (o)	Dip (o)	Final Depth (m)	Status
		UTM NAD83 Zone 09
HW-25-001	Williams	409395	6344077	110	-80	803	Complete, samples shipped to assay lab
HW-25-002	East Williams	409769	6343628	292	-85	550	Complete, samples shipped to assay lab
HW-25-003	East Williams	410086	6343432	286	-68	668	Complete, samples shipped to assay lab
HW-25-004	Williams	409510	6344131	169	-75	886	Complete, samples shipped to assay lab
HW-25-005	Upper Hank	410475	6341586	295	-76	282	Lost hole at 282m well short of proposed depth – challenging ground conditions
HW-25-006	Upper Hank	410475	6341586	295	-77	839	Complete, samples shipped to assay lab. Redrill of HW-25-005
HW-25-007	Lower Hank	408783	6342029	110	-65	192	Lost hole at 192 m well short of proposed depth – equipment issues
HW-25-008	Williams	409415	6343882	27	-73	893	Complete, detail logging and sampling in progress
HW-25-009	Williams	409586	6343820	254	-82	In progress	In progress
HW-25-010	Williams	409419	6343879	75	-85	797	Complete, detail logging and sampling in progress
HW-25-011	Lower Hank	408790	6342030	110	-65	In progress	In progress, Redrill of HW-25-007

Table1: Summary of drill program status

Williams Area Drilling

At the time of writing, four diamond drill holes have been completed (3,375 m) within the Williams mineralized system, with one in progress. The initial two holes completed at Williams, HW-25-001 and HW-25-004 were previously discussed in a news release on July 31^st.  Since that time, HW-25-008 and HW-25-010 have been completed to a total depth of 893 m and 797 m respectively.  HW-25-009 is currently in progress and is proposed to a final depth of 750 m (see Figure 1). The purpose of the drill holes HW-25-008, -009, and -010 are to delineate the deep-level geometry of the Williams porphyry system.

HW-25-008

This hole was designed to cross quartz stockwork veins with chalcopyrite +/- bornite mineralization observed at surface, and test the strike and depth extent of the Williams porphyry to the northeast. Hole HW-25-008 has several intercepts (Figures 3, 4, 5) of both early and syn-mineral monzonite porphyry with higher copper mineralized intervals with bornite within and at flank of the syn-mineral porphyry. 

Summary:

• 0–157 m: potassic alteration with varying amounts of chalcopyrite ± bornite
• 157–253 m: felsic stratigraphy with low sulfide and trace chalcopyrite concentrations
• 253–810 m: potassic alteration in mixed monzonite and wall rock with variable chalcopyrite ± bornite
• 810–893 m: flanking alteration of epidote-magnetite-K-feldspar, low relative chalcopyrite and increase in pyrite

Figure 3: HW-25-008 – 315 m (Bn = Bornite, Cpy = Chalcopyrite)¹
Potassic alteration with copper sulfide mineralization

Figure 4: HW-25-008 – 324 m (Bn = Bornite, Cpy = Chalcopyrite)¹
Potassic alteration with copper sulfide mineralization

Figure 5: HW-25-008 – 468 m and 685 m (Cpy = Chalcopyrite)¹
Potassic alteration with copper sulfide mineralization

HW-25-009

Hole HW-25-009 collared in the SW Williams deposit with azimuth of 260^o and dip of -82^o. It is designed to cross and characterize the deeper extents of the porphyry alteration below historical hole HNK-18-002.  At the time of writing, this hole is in progress.

HW-25-010

Hole HW-25-010 collars uphill of HW-25-009 on same drill pad as HW-25-008 with azimuth of 075º and dip of -85º. Similar to hole HW-25-009, the hole is designed to test the deeper domain boundaries of the porphyry system. Hole HW-25-010 accomplished this goal and defined the eastern boundary of the porphyry alteration system. The hole is recently shut down and detailed geological logging is underway.  

Summary:

• 0–196.5 m: potassic alteration with varying amounts of chalcopyrite +/- bornite in wall rock
• 196.5–268 m: felsic host rock less favourable host, low relative chalcopyrite abundance
• 268–521 m: variable potassic alteration in mixed monzonite and wall rock with chalcopyrite +/- bornite
• 521–797 m: wall rock overprinted by porphyry flanking-type alteration (K-feldspar-epidote-magnetite-chlorite) and low relative chalcopyrite

Figure 6: HW-25-010 – 44.8 m (Bn = Bornite, Cpy = Chalcopyrite)¹
Potassic alteration with copper sulfide mineralization

Upper Hank Drilling

Hole HW-25-006 was collared at 295^o azimuth and -78^o dip and targeted a chargeability anomaly at Upper Hank. The hole follows an initial attempt with HW-25-005, which was lost at 281 m depth due to challenging ground conditions.

Preliminary Summary of HW-25-006:

• The data and observations are currently being compiled and interpreted.  Once final assay results are received, we will concentrate on final interpretations and possible future targeting
• This is the first test into the large-scale lithocap observed on the project
• Drilled to a total depth of 842 m
• Vertically zoned system from upper chalcedonic silica-pyrite to deeper-level biotite-quartz-pyrite
• Collared into a previously mapped pyrite-rich breccia body at surface
• The drill continued through zones of variable concentrations of sooty pyrite cement breccias (pyrite 5-10%) and fine pyrite stringers within basalt until end of hole at 842 m
  • The pyrite-rich breccia units are accompanied by local zones of trace base metal sulfides that include molybdenite, sphalerite, chalcopyrite, arsenopyrite and galena
  • This widespread pyrite alteration and veins significantly extends the historically mapped and drilled hydrothermal system to depth
  • At this time, the hydrothermal alteration observed at Upper Hank is not interpreted to be porphyry in character and interpretation is ongoing
• The amount of pyrite intercepted in the drill hole explains the IP chargeability anomaly
  • These results suggest that the Upper Hank chargeability anomaly has the potential for future targeting of both porphyry and precious metal mineralized systems but, this will have to be validated with receipt of all data and assays

Figure 7: HW-25-006 – 53.4 m (Py = Pyrite)¹
Characteristic brassy fine pyrite and dark disseminated sooty pyrite (photo bottom)

Figure 8: HW-25-006 – 763 m (Py = Pyrite, Cpy = Chalcopyrite, Asp = Arsenopyrite, Bt = Biotite)¹

Biotite altered quartz-carbonate vein breccia with fine grained disseminated pyrite and trace vein-hosted chalcopyrite and arsenopyrite

Lower Hank Drilling

Hole HW-25-011 is currently drilling at the Lower Hank Porphyry Target with a collar azimuth of 110^o and a dip of -65^o. This is a re-drill hole HW-25-007, which was lost to equipment issues at 192 m. The hole is projected to intersect a steep quartz-sericite-pyrite-carbonate structure mapped on surface (>5% Py) at 200 m drill hole depth. The projection of the low-angle plunge of Au-Ag mineralization in the historical LAZ drill holes projects to ~200-250 m depths of the planned hole. Below 250 m, the hole is projected to pass into the chargeability anomaly (> 25 mv/V) and will test for a porphyry body at a comparable elevation to the Williams deposit.

Regional Exploration Update

The airborne electromagnetic (MMT) survey is complete covering an area of 319 km². Induced polarization (IP) geophysics is also complete with a total of 30.7 line-kilometer surveyed. Additionally, a Light Detection and Ranging (LiDAR) survey covering 256 km² over the Hank-Williams-Mary area has been completed to further assist with structural modeling.   

A large surface mapping campaign was conducted by Dr. Stephanie Sykora focused on Williams-Hank area and Dr. Roy Greig with a team of mapping geologists from C.J. Greig & Associates focusing on regional geology and targeting. A total of 84 person days of field mapping are complete.

[1] Examples of drill core photos are included to show the different styles of lithology, alteration, and mineralization, and are not necessarily representative of the entire lengths of specific intervals discussed within this release.

Qualified Person

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia.  Through outright purchases and option earn in agreements (Orogen Royalties and Golden Ridge Resources) the Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,661,810 shares outstanding.

For further information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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 Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to provide an update on the previously announced 7,500-meter (“m”) drill program at the HWY 37 Project. Drilling at Williams has extended potassic alteration with chalcopyrite and bornite mineralization by ~150 m below the limits of historical drilling. Bornite is mapped at surface and identified to a vertical depth of approximately 680 m in drill core.  HW-25-004 intersected a broad zone of intense potassic alteration over 478 m. The 849 km² HWY 37 Project is located within the Golden Triangle, British Columbia. 

Drilling to date has focused on testing for depth extensions of the Williams porphyry Cu-Au system, porphyry Cu-Au targets across the valley (east) in an area with no historical drilling, and at the Upper and Lower Hank porphyry Cu-Au targets (Fig. 1).

Dustin Perry, CEO, states “So far, the 2025 drill program has matched our expectations of vertically extending porphyry mineralization at Williams as well as providing a much clearer understanding of this highly prospective district. Our exploration hypothesis indicates vertical continuity of the gold-rich bornite zone, and these holes demonstrate that bornite continues to depth where it was predicted.”

Williams Area Drilling

The first drill hole of the program, HW-25-001, was completed upslope and west of potassic alteration and drilled steeply to the east. The drill hole was collared at a 110^o azimuth and -80^o dip, designed to test the western limit of the porphyry system and provide important data to define the orientation of the mineralized system at Willams. The drill struggled passing through several fault zones and deviated clockwise significantly more than historical drill holes in the region ending approximately 40^o azimuth from the planned target. Despite this, HW-25-001 intersected potassic alteration, often overprinted by phyllic alteration with chalcopyrite ± bornite mineralization from 390 m726 m (Fig. 2 and 3), end of hole was at 803 m and bottomed in early mineral monzanite.  This drill test provided valuable insights to the mineralized system at Williams including identifying two porphyry intrusive phases that were previously lumped into one. The insights have improved Kingfisher’s geoscience teams understanding of the mineralized system at Williams and allowed for better targeting of the younger more productive intrusive phase.

Drill holes HW-25-002 (275^o/-60^o) and HW-25-003 (285^o/-68^o) were drilled across Hank Creek to the southeast and tested shallow chargeability anomalies that coalesce with the Williams porphyry chargeability signature at depth. Drilling in both holes encountered widespread intense quartz-sericite-pyrite-carbonate alteration in the top 250 m (HW-25-002) and 350 m (HW-25-003).  Below this, it transitioned to a less altered, polyphase diatreme breccia which is interpreted to be emplaced before the mineralizing events at Williams (Fig 4). Diatreme breccias are commonly formed as an eruptive phase preceding or post-dating the formation of porphyry Cu-Au deposits.  Surface mapping and drill results are interpreted to demonstrate high prospectivity for porphyry Cu-Au discovery at the margins of the diatreme breccia. It is believed that the Williams deposit, the Kaip target and the Williams East target (Fig. 1) are located at this boundary. At depth, the chargeability anomaly remains unexplained.

HW-25-004 was collared at 174^o degrees and -76^o dip, upslope and north of potassic alteration at Williams. After passing through the Williams thrust fault at 327 m, the drill hole entered Cu-bearing potassic alteration. Intense potassic alteration with chalcopyrite-bornite mineralization (vein, stringer, disseminated, and blebby) was intersected from 327 to 805 m downhole and trace chalcopyrite to end of hole at 884.9 m (Figs. 5-8). Bornite occurs at surface (Fig. 9) at the discovery outcrop and has been intersected in drilling down to a vertical extent of 680 m. Strong potassic alteration comparable to what was noted in historical drill hole HNK-18-013 was intersected across this broad interval and extended visible copper mineralization ~150 m below historical drilling levels. Mineralization is open at depth and will be tested with additional drilling this field season. 

Upper Hank Drilling

Hole HW-25-005 was collared at 275^o azimuth and -76^o dip and was targeting the Upper Hank Porphyry Target. This hole had to be abandoned before the planned depth of 800 m at 280 m due to drilling difficulties. This hole cut below the surface projection of a mapped polymictic, pyrite-rich breccia body. Two narrow porphyry intrusions were intersected accompanied by stringer veins of pyrite-magnetite-hematite and show similarities to intrusions observed at Williams. A new hole, HW-25-006 is a re-drill and is currently underway to test the chargeability anomaly target at depth below the pyrite-rich breccia.

Lower Hank Drilling

Hole HW-25-007 is currently drilling at the Lower Hank Porphyry target with a collar azimuth of 174^o and a dip of -65^o. The hole is projected to intersect a steep quartz-sericite-pyrite-carbonate body mapped on surface (>5% Py) to 200 m depth. The broad low-angle plunge of Cu-Au-Ag grade in the historical LAZ drill holes projects to ~200-250 m depths of the planned hole. Below 250 m, the hole is projected to pass into the chargeability anomaly (> 25 mv/V) and will test for indications of a porphyry body at a comparable elevation to the Williams deposit.

Regional Exploration Update

The airborne electromagnetic (MMT) survey is underway with approximately 65% of the survey completed so far. Induced polarization (IP) geophysics crews arrived on site on July 26^th and are currently surveying the Hank-Williams-Mary trend. Soil sampling was completed over a three-week period and collected over 750 samples. This soil sampling program successfully covered gaps in historical sampling between Hank-Williams and Mary-ME, NE of Mary and ME, and within the valley southeast of Hank and ME. 

Dr. Stephanie Sykora has been onsite for approximately two weeks. Her work has focused better understanding the controls on mineralization at the Williams area. Dr. Sykora’s mapping campaign has been supported correlating the surface observations with detailed drill core logging.  In the coming week Dr. Roy Greig and a team of mapping geologists from C.J. Greig & Associates will arrive on site to map several grassroots regions on the project. 

Qualified Person

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia.  Through outright purchases and option earn in agreements (Orogen Royalties and Golden Ridge Resources) the Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,661,810 shares outstanding.

For further information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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.

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[1] Examples of drill core photos are included to show the different styles of lithology, alteration, and mineralization, and are not necessarily representative of the entire lengths of specific intervals discussed within this release.

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased report that drilling is underway at the previously announced 7,500 meter drill program at the HWY 37 Project.  The 849 km² HWY 37 Project is located within the Golden Triangle, British Columbia.  

Update on 2025 Exploration Program

Drilling is now underway at the HWY 37 Project.  Initial drilling will focus on the Williams porphyry copper-gold system testing for extensions of mineralization outside the limits of historical drilling.  Two diamond drills are currently on site with one targeting an area west and upslope of the known limits of mineralization. The second drill is focusing on new discoveries in an area with no historical drilling, targeting an area across the valley with a similar Induced Polarization (IP) geophysical signature when compared to the Williams porphyry copper-gold system.

Over the last two weeks, camp construction has been completed, wildlife and archaeological surveys have been conducted to pre-clear drill pad locations, and 4 drill pads have been built with construction of additional pads ongoing.  

Dustin Perry, CEO, states “I just returned from a week on site with drilling beginning as I was leaving. The exploration season is now underway with two diamond drills working around the clock to explore this highly prospective portion of the HWY 37 Project.  I will be returning to site later this week and throughout the field program and the Company will continue to update the market on our progress.”

Qualified Person

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia.  Through outright purchases and option earn in agreements (Orogen Royalties and Golden Ridge Resources) the Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,661,810 shares outstanding.

For further information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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 Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce an extensive exploration program including 7,500 metres of diamond drilling at the HWY 37 Project. Field crews arrived on site last week with camp construction underway and the first of two drills are expected to arrive in approximately one week.  The 849 km² HWY 37 Project is located within the Golden Triangle, British Columbia. 

Summary of 2025 Exploration Program

The 2025 program is focused on the discovery of porphyry copper – gold deposits and will include 7,500 metres of diamond drilling, a ~1,700-line kilometre airborne mobile magnetotelluric geophysical survey (MMT), ~30-line kilometres of ground based induced polarization geophysics survey (IP), 150 days of geological mapping, geochemical sampling (>1,500 samples), and a LiDAR survey.

Dustin Perry, CEO, states “The 2025 drill program at HWY 37 is the culmination of two years of consolidation, exploration, target generation, and a recently closed $10.9 million financing. The Hank-Williams porphyry Cu-Au targets represent the most compelling early-stage porphyry targets I have encountered in my career. The target area is host to a regionally significant mineral system with porphyry mineralization at valley-bottom elevations (347 metres of 0.33% copper and 0.39 g/t gold) that have only seen ~6,000 metres of historical drilling, and epithermal gold-silver mineralization up to 27.1 metres of 8.68 g/t gold up-slope at higher elevations. Except for Williams, historical exploration on this extensive mineral system has previously focused on outlining shallow precious metal mineralization. This program marks a turning point for the project where we will test multiple porphyry copper-gold targets as well as expanding upon what has already been discovered at Williams.” 

Table 1 and Figures 1 and 2 outline the proposed areas of work for 2025 and a detailed breakdown of the largest ever exploration program on the extensive HWY 37 Project follows.

Target	Drilling	IP Geophysics	Geological Mapping	Geochemical Sampling	MMT Airborne Survey	LiDAR
Hank-Williams-Mary	7,500m	~30-line km	X	X
North More			X	X
Mess Creek			X	X
Hickman			X	X
Regional			X	X	X	X

Table 1: 2025 Exploration Program – HWY 37 Project

Diamond Drill Program

The 7,500 metres diamond drill program will be supported with two diamond drills focused within the Hank-Williams area of the project (Figure 3). Additional targets may be tested beyond this area if additional high-conviction drill targets are identified within the course of the field program. 

The drill program will begin with one drill arriving on approximately June 18, 2025, and the second drill arriving approximately one week later. 

Summary of Porphyry Drill Targets

Williams Deposit

Initial drilling at Williams will test for extensions of mineralization both above and below the limits of historical drilling as well as providing additional information on the orientation of the porphyry copper-gold system. Historical drilling at Williams encountered regions with intense potassic alteration hosting significant higher-grade intercepts including 190 metres of 0.49% copper and 0.57 g/t gold. Despite excellent initial grades, with limited historical drilling, the previous operator did not fully determine the orientation of the causative porphyry intrusions.

The Company’s working hypothesis for the Williams porphyry copper-gold deposit is that historical drilling only partially tested the structurally focused upper-levels of a broader porphyry system with potential for broadening at depth within a more intrusive dominated domain. 

The three initial planned drill holes range from 700 metres to 900 metres in length and are designed to determine the scale and grade potential of the Williams porphyry system at depth prior to initiating a more substantial step-out drill program. 

Williams East

Drilling is planned east of the Williams Deposit to test a coincident chargeability and conductivity anomaly that shares the same sub vertical characteristics observed at Williams. Three holes are planned in this area ranging from 400-650 metres in length and drilled to the northwest and southeast. The furthest west hole is designed to test the broad chargeability anomaly located at depth and centered on Hank Creek. 

Additional Williams Area Drill Holes

Additional drill holes are proposed within the Williams area to the northeast and south of the Williams deposit. These holes are based on a combination of coincident IP geophysics, magnetics, copper-gold geochemistry in soils and/or rocks, and the regional structural model developed by Kingfisher’s exploration team.

Kaip

An initial 600 metre drill hole is proposed at the Kaip target, and it is designed to test for porphyry copper-gold mineralization below a near surface epithermal gold-silver mineralized zone that returned 24.8 metres of 5.6 g/t gold and 45.9 g/t silver as well 0.8 metres of 133 g/t gold and 263 g/t silver which contained visible gold. Prospecting and mapping in 2024 discovered copper mineralization cropping out in the valley bottom grading up to 0.23% copper. The initial drill hole will target an area over 300 metres below the area tested by historical drilling that focused on epithermal Au-Ag mineralization.

Upper Hank

The Upper Hank Target is upslope of the Pit Gold Deposit and includes intercepts grading up to 27.1 metres of 8.68 g/t gold. The target at Upper Hank is centered on a lithocap containing vuggy silica and advanced argillic minerals (dickite, alunite, diaspore). IP chargeability outlines a sub vertical pipe like anomaly that broadens at depth. The feature extends to surface and is represented by a ~500 x 600 metre breccia body that is cored by a 100 x 75 metre pyritic milled breccia. The Company’s hypothesis is that this represents the top of a porphyry system.

An initial 800 metre drill hole is designed to cross the pyrite breccia body and enter the broad chargeability anomaly at depth. The potential exists for intersecting high-sulfidation epithermal gold-silver mineralization enroute to the porphyry target. Follow up drilling contingent on initial results will test lateral extent as well as areas of favourable structural patterns which have the potential to focus hydrothermal ore forming fluids.

Lower Hank

The Lower Hank Target is located on trend and to the southwest of historical drill tests of epithermal gold-silver mineralization. The nearby Lower Au Hank Deposit epithermal results include 43 metres of 3.13 g/t gold and 31.7 g/t silver (DDH88-4), 64 metres of 1.97 g/t gold and 15 metres of 7.2 g/t gold (DDH89-4), and 342 metres of 0.33 g/t gold. Metal patterns in the Lower Hank Deposit plunge gently to the SW, interpreted by the Company to reflect direction of fluid flow and high exploration potential. The initial planned hole is designed to test a 700-metre gap in historical drilling where recent geological mapping has identified several hallmarks of a porphyry system. Geological mapping in 2023-24 identified large-scale zoned alteration patterns cored by copper grades up to 0.37% at surface. The Lower Hank Porphyry Target is located below these zoned alteration patterns, on the northern shoulder of a large chargeability anomaly and down plunge of the projected fluid pathway.

Regional Surveys

Mobile Magneto Telluric (MMT) Airborne Geophysical Survey

A ~1,700-line kilometre MMT survey is planned to cover the Hank-Williams-Mary region as well as lateral and on-strike continuations of this highly prospective trend. The survey will be completed at 200 metre line spacing in order to provide high-resolution resistivity data across this trend that will aid in identifying additional porphyry centers as well as assisting with drill targeting within these regions. 

The Company is also considering extending the geophysical survey further to the west to cover the Northmore, Mess Creek, and Hickman targets. 

IP Geophysical Survey

Approximately 30-line kilometres of IP geophysics is planned within the Hank-Williams-Mary trend. The survey is designed to further refine targets proximal to the area of drilling as well as extending coverage northwest, southeast, and along strike of the mineralized trend to the northeast towards Mary and the ME zone.

Geological Mapping

A geological mapping team led by Dr. Roy Greig and Dr. Stephanie Sykora will initially focus on the Hank-Williams-Mary trend and extend coverage to the NE from the 2025 drill area.  Additionally, Northmore, Mess Creek, and Hickman will be assessed with the goal of refining drill targets for future drill programs. 

Geochemical Survey

Geochemical sampling will be completed across a broad area in 2025. High priority soil sampling will begin by infilling gaps in historical sampling between Hank-Williams and Mary-ME. Initial sampling will take place northeast of Hank-Williams and south of Ball Creek to the cover a ~2.5 x 1.5-kilometre region and north of Ball Creek where a ~1.5 x 0.6-kilometre area with no historical sampling.

Additional sampling will take place in the valley southeast of Hank Creek, along ridge and spurs within the greater Hank-Williams-Mary trend, and at Mess Creek. 

Rock sampling, prospecting, and collection of spectral data will take place alongside mapping across all target areas.

LiDAR Survey

A high-resolution LiDAR survey is planned for approximately half of the HWY 37 Project focused on the Hank-Williams-Mary area. The survey is being completed to provide structural data for 3D modelling, providing accurate topography, and baseline surface disturbance data. 

Qualified Person

Dustin Perry P.Geo., Kingfisher’s President and 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.

Webinar

Kingfisher’s President and CEO, Dustin Perry, will be participating in a Webinar hosted by Adelaide Capital, which is scheduled for Wednesday, June 18, 2025, at 2:00 pm EDT.

Please click the following link to Register.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. Through outright purchases and option earn in agreements (Orogen Royalties and Golden Ridge Resources) the Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,661,810 shares outstanding.

For further information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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 Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the grant of 2,200,000 stock options to certain directors, officers, employees, and consultants pursuant to the Company’s stock option plan. The stock options are exercisable for a period of five (5) years at an exercise price of C$0.32 per share and will vest over a period of twelve (12) months. The stock options were granted as part of Kingfisher’s ongoing efforts to attract and retain key personnel and provide long-term performance incentives.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,661,810 shares outstanding.

For further information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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 Metals Corp. (TSXV: KFR) (FSE: 970) (“Kingfisher” or the ”Company“)is pleased to announce it has closed the brokered private placement previously announced on May 5, 2025, and May 26, 2025, for aggregate gross proceeds of $10,899,913, including proceeds raised from the Agent’s option (the “Offering”). The Offering was completed by Beacon Securities Limited (the “Agent”).

Pursuant to the Offering, the Company issued  8,237,500 units of the Company (the “NFT Units”) at a price of $0.25 per NFT Unit and 21,302,500 flow-through units of the Company (the “Premium FT Units” and, together with the NFT Units, the “Offered Securities”) at a price of $0.415 per premium FT Unit.

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

Each Warrant entitles the holder thereof to acquire one common share of the Company (a “Warrant Share”) at a price per Warrant Share of $0.40 until June 3, 2028, provided that, in the event that the daily volume weighted average price (or closing bid price on trading days when there are no trades) of the common shares of the Company (the “Common Shares”) on the TSX Venture Exchange (“TSXV”) is at least $0.55 per Common Share for a minimum of 20 consecutive trading days at any time after June 3, 2026, the Company may, within ten business days of the occurrence of such event, provide written notice to holders of the Warrants (the “Warrant Acceleration Notice”) accelerating the expiry date of the Warrants to a date that is not less than 30 days following the date of the Warrant Acceleration Notice (and concurrent press release).

The Company will use an amount equal to the gross proceeds from the sale of the Premium FT Units to incur eligible “Canadian exploration expenses” that will qualify as “flow-through critical mining expenditures” as such terms are defined in the Tax Act and “BC flow-through mining expenditures” as defined in the Income Tax Act (British Columbia) (the “Qualifying Expenditures”) related to the Company’s HWY 37 project in British Columbia, Canada, on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2025. The net proceeds from the sale of the NFT Units will be used to fund exploration and for additional working capital purposes.

The Offered Securities, NFT Shares, FT Shares and Warrant Shares will be subject to a hold period under Canadian securities laws of four months after the Closing Date. Closing of the Offering is subject to final approval of the TSXV.

In consideration for the services provided by the Agents in connection with the Offering, the Agent received a cash fee in the amount of $423,292 and 1,116,875 compensation options (the “Compensation Options”). Each Compensation Option will entitle the holder thereof to purchase one Common Share at an exercise price equal to $0.25 until June 3, 2028.

Certain directors and officers of the Company subscribed for an aggregate of 400,000 NFT Units for gross proceeds of $100,000 under the Offering. Participation by these insiders of the Company in the Offering constitutes a related-party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of these securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 as the Common Shares are listed on the TSXV. The issuance of these securities is also exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(b) of MI 61-101 as the fair market value was less than $2,500,000.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 849 km² HWY 37 Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 88,661,810shares outstanding.

For Further Information Please Contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

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

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

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

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

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

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

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

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

About Kingfisher Metals Corp.

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

For Further Information Please Contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

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