Category: News

Kingfisher Metals Corp. (TSXV: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the ”Company“) is pleased to announce it has closed the bought deal private placement previously announced on February 5, 2026, and February 6, 2026, for aggregate gross proceeds of C$30,007,000, including proceeds raised from the Underwriters’ option (the “Offering”). 

The Offering was completed by a syndicate of underwriters led by BMO Nesbitt Burns Inc. as lead underwriter and sole bookrunner, AgentisCapital Markets (First Nations Financial Markets Limited Partnership), Haywood Securities Inc., Raymond James Ltd., and Velocity Trade Capital Ltd. (collectively, the “Underwriters”). In consideration for the services provided by the Underwriters in connection with the Offering, the Underwriters received a cash fee in the amount of C$1,449,030.10.

Pursuant to the Offering, the Company issued 5,300,000 non-critical charity flow-through common shares (the “NCCFT Shares”), at a price of C$0.94 per NCCFT Share, 14,500,000 critical charity flow-through common shares (the “CCFT Shares”), at a price of C$1.04 per CCFTShare, and 15,300,000 hard dollar common shares (the “HD Shares”), at a price of C$0.65 per HD Share (collectively, the “Offered Shares”).

Each NCCFT Share and CCFT Share will qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada) (the “Tax Act”).

The gross proceeds raised from the NCCFT Shares and CCFT Shares will be used to incur Qualifying Expenditures (defined below). The net proceeds of the sale of the HD Shares will be used for exploration of the Company’s properties and general corporate purposes.

The Company shall use the gross proceeds raised from the NCCFT Sharesand the CCFT Shares to incur, on or after the closing date and on or prior to December 31, 2027, “Canadian exploration expenses” (as defined in subsection 66.1(6) of the Tax Act) (“CEE”) and, in the case of CCFTShares, such CEE shall also qualify as “flow-through critical mineral mining expenditures” (as defined in subsection 127(9) of the Tax Act), and in the case of the NCCFT Shares,  as “flow-through mining expenditures” within the meaning of the Tax Act and, in each case, for NCCFT Sharesand CCFT Shares purchased by eligible British Columbia purchasers, as “BC flow-through mining expenditures” that meet the criteria set forth in subsection 4.721(1) of the Income Tax Act (British Columbia), in respect of the exploration activities on the Company’s properties in British Columbia (together, the “Qualifying Expenditures”).

The Offered Shares will be subject to a hold period under Canadian securities laws of four months and one day from their date of issue.Closing of the Offering is subject to final approval of the TSX Venture Exchange (the “TSXV”). 

A director of the Company subscribed for 100,000 HD Shares for gross proceeds of $65,000 under the Offering. Participation by this insider 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 of the Company 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. Through outright purchases and option earn in agreements (Orogen Royalties, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region with the 933 km² HWY 37 Project and 202 km² Forrest Kerr Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 128,710,907 shares outstanding.

For further Information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the 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) (OTCQB: KGFMF) (“Kingfisher” or the ”Company“) is pleased to announce it has closed the bought dealprivate placement previously announced on February 5, 2026, and February 6, 2026, for aggregate gross proceeds of C$30,007,000,including proceeds raised from the Underwriters’ option (the “Offering”). 

The Offering was completed by a syndicate of underwriters led by BMO Nesbitt Burns Inc. as lead underwriter and sole bookrunner, AgentisCapital Markets (First Nations Financial Markets Limited Partnership), Haywood Securities Inc., Raymond James Ltd., and Velocity Trade Capital Ltd. (collectively, the “Underwriters”). In consideration for the services provided by the Underwriters in connection with the Offering, the Underwriters received a cash fee in the amount of C$1,449,030.10.

Pursuant to the Offering, the Company issued 5,300,000 non-critical charity flow-through common shares (the “NCCFT Shares”), at a price of C$0.94 per NCCFT Share, 14,500,000 critical charity flow-through common shares (the “CCFT Shares”), at a price of C$1.04 per CCFTShare, and 15,300,000 hard dollar common shares (the “HD Shares”), at a price of C$0.65 per HD Share (collectively, the “Offered Shares”).

Each NCCFT Share and CCFT Share will qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada) (the “Tax Act”).

The gross proceeds raised from the NCCFT Shares and CCFT Shares will be used to incur Qualifying Expenditures (defined below). The net proceeds of the sale of the HD Shares will be used for exploration of the Company’s properties and general corporate purposes.

The Company shall use the gross proceeds raised from the NCCFT Sharesand the CCFT Shares to incur, on or after the closing date and on or prior to December 31, 2027, “Canadian exploration expenses” (as defined in subsection 66.1(6) of the Tax Act) (“CEE”) and, in the case of CCFTShares, such CEE shall also qualify as “flow-through critical mineral mining expenditures” (as defined in subsection 127(9) of the Tax Act), and in the case of the NCCFT Shares, as “flow-through mining expenditures” within the meaning of the Tax Act and, in each case, for NCCFT Sharesand CCFT Shares purchased by eligible British Columbia purchasers, as “BC flow-through mining expenditures” that meet the criteria set forth in subsection 4.721(1) of the Income Tax Act (British Columbia), in respect of the exploration activities on the Company’s properties in British Columbia (together, the “Qualifying Expenditures”).

The Offered Shares will be subject to a hold period under Canadian securities laws of four months and one day from their date of issue.Closing of the Offering is subject to final approval of the TSX Venture Exchange (the “TSXV”). 

A director of the Company subscribed for 100,000 HD Shares for gross proceeds of $65,000 under the Offering. Participation by this insider 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 of the Company 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. Through outright purchases and option earn in agreements (Orogen Royalties, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region with the 933 km² HWY 37 Project and 202 km² Forrest Kerr Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 128,710,907 shares outstanding.

For further Information, please contact:

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

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

Cautionary Note Regarding Forward-Looking Statements

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

Forward-looking statements in this news release include, among others, statements relating to expectations regarding the 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) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that due to strong demand, it has increased the size of the previously announced bought deal to 5,300,000 non-critical charity flow-through common shares (the “Non-Critical Charity Flow-Through Shares”), at a price of C$0.94 per Non-Critical Charity Flow-Through Share, 14,500,000 critical charity flow-through common shares (the “Critical Charity Flow-Through Shares”), at a price of C$1.04 per Critical Charity Flow-Through Shares, and 7,600,000 hard dollar common shares (the “HD Shares”), at a price of C$0.65 per HD Share (collectively, the “Offered Securities”), for total gross proceeds of approximately C$25 million (the “Offering”). The Company previously entered into an agreement with BMO Capital Markets as sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”). The Company has granted the Underwriters an option, exercisable at any time up to 48 hours prior to the closing of the Offering, to purchase up to an additional C$5 million of the Offering.

The Offering is expected to close on or about March 3, 2026 and is subject to Kingfisher receiving all customary regulatory approvals.

The gross proceeds raised from the Non-Critical Charity Flow-Through Shares and Critical Charity Flow-Through Shares will be used to incur Qualifying Expenditures (defined below) as set forth below under Charity Flow-Through Income Tax Considerations. The net proceeds of the sale of the HD Shares will be used for exploration of the Company’s properties and general corporate purposes.

The Company shall use the gross proceeds raised from the Non-Critical Charity Flow-Through Shares and the Critical Charity Flow-Through Shares to incur, after the closing date and on or prior to December 31, 2027, “Canadian exploration expenses” (as defined in subsection 66.1(6) of the Income Tax Act (Canada)) (“CEE”) and, in the case of Critical Charity Flow-Through Shares, such CEE shall also qualify as “flow-through critical mineral mining expenditures” (as defined in subsection 127(9) of the Income Tax Act (Canada)) (together, the “Qualifying Expenditures”).

The Offered Securities will be offered for sale on a private placement basis in each of the provinces and territories of Canada. The HD Shares may be offered in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, (“U.S. Securities Act”) and internationally as permitted.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region with the 933 km² HWY 37 Project and 202 km² Forrest Kerr Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 91,872,852 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 the size and amount of the Offering, the expected closing date of the Offering and the expected use of proceeds of the Offering; 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 anticipated timing of the Offering, that the Company will raise the anticipated amount of proceeds from the Offering, that the Company will use the proceeds of the Offering as anticipated, that the Offering will close as expected; 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. (TSXV: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 5,300,000 non-critical charity flow-through common shares (the “Non-Critical Charity Flow-Through Shares”), at a price of C$0.94 per Non-Critical Charity Flow-Through Share, 9,700,000 critical charity flow-through common shares (the “Critical Charity Flow-Through Shares”), at a price of C$1.04 per Critical Charity Flow-Through Shares, and 7,600,000 hard dollar common shares (the “HD Shares”), at a price of C$0.65 per HD Share (collectively, the “Offered Securities”), for total gross proceeds of approximately C$20 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at any time up to 48 hours prior to the closing of the Offering, to purchase up to an additional 25% of the Offering (approximately C$5 million).

The Offering is expected to close on or about March 3, 2026 and is subject to Kingfisher receiving all customary regulatory approvals.

The gross proceeds raised from the Non-Critical Charity Flow-Through Shares and Critical Charity Flow-Through Shares will be used to incur Qualifying Expenditures (defined below) as set forth below under Charity Flow-Through Income Tax Considerations. The net proceeds of the sale of the HD Shares will be used for exploration of the Company’s properties and general corporate purposes.

The Company shall use the gross proceeds raised from the Non-Critical Charity Flow-Through Shares and the Critical Charity Flow-Through Shares to incur, after the closing date and on or prior to December 31, 2026, “Canadian exploration expenses” (as defined in subsection 66.1(6) of the Income Tax Act (Canada)) (“CEE”) and, in the case of Critical Charity Flow-Through Shares, such CEE shall also qualify as “flow-through critical mineral mining expenditures” (as defined in subsection 127(9) of the Income Tax Act (Canada)) (together, the “Qualifying Expenditures”).

The Offered Securities will be offered for sale on a private placement basis in each of the provinces and territories of Canada. The HD Shares may be offered in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, (“U.S. Securities Act”) and internationally as permitted.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region with the 933 km² HWY 37 Project and 202 km² Forrest Kerr Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 91,872,852 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 the size and amount of the Offering, the expected closing date of the Offering and the expected use of proceeds of the Offering; 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 anticipated timing of the Offering, that the Company will raise the anticipated amount of proceeds from the Offering, that the Company will use the proceeds of the Offering as anticipated, that the Offering will close as expected; 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 final assay results from the 2025 drilling program at the HWY 37 Project. The 933 km² HWY 37 Project is located within the Golden Triangle, British Columbia.

Drillhole HW-25-011 confirms discovery of a new copper – gold (Cu-Au) porphyry system below the Hank epithermal gold-silver (Au-Ag) mineralized system. Assays from HW-25-011 returned 425.0 meters[1] (m) of 0.40% CuEq[2] (0.15% Cu, 0.21 g/t Au and 2.2 g/t Ag) (Figure 1 – 5). This newly identified zone represents a blind discovery, as porphyry Cu-Au mineralization had not previously been recognized or reported at Hank. These results validate Kingfisher’s exploration model and demonstrate the potential for the Hank area to host one or more large-scale porphyry Cu-Au systems. 

Highlights from this release include:

• Discovery of a blind porphyry Cu-Au system with 425.0 m of 0.40% CuEq (Figure 1 – 5).
• Potential for a large-tonnage porphyry Cu-Au system nested below the Hank epithermal Au-Ag system (Figure 1 – 5).
• Zonation observed in drillhole HW-25-011 progresses from low to higher temperature alteration demonstrating a vector towards a porphyry heat source to the southeast. This is indicated by:  
  • Increasing Cu:Au ratios downhole toward the southeast (Figure 4)
  • Sulfide mineralogy (see summary and discussion below)
  • Alteration and vein zonation (see summary and discussion below)
• 2026 Target Area to be drill tested, approximately 1.75 km x 0.95 km (Figure 2 –  5), defined by geophysical, geological and exploration inputs[3].
• Mineralization remains open in all directions, with the drill hole terminating in increasing copper grades at 959.0 m depth (Figure 3). 
• Induced polarization (IP) surveys lines north and south of HW-25-011 outline broad areas of chargeability possibly indicating the presence of a large, disseminated sulfide body (Figure 4).

Dustin Perry, CEO of Kingfisher, states, “The final hole of the 2025 program validates our long-standing belief that the shallow Hank Au-Ag epithermal mineralization is driven by a large porphyry Cu-Au system. This impressive first intercept of 425.0 metres of 0.40% CuEq is interpreted to be on the margin of the system, with anticipated increases in grade toward the conceptual core. The scale and consistency of this discovery, along with a wide untested area hosting strong geophysical anomalies, highlight the potential for further exploration and support the need for aggressive follow-up drilling in 2026.”

Table 1. Drill Results from this Release.

Hole No.	From (m)	To (m)	Interval (m)1	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)2	AuEq (g/t)2
HW-25-011	281.0	293.0	12.0	0.02	1.18	1.6	–	1.22
Incl.	284.85	286.45	1.6	0.01	6.95	3.5	–	6.99
and	357.0	362.4	5.4	0.01	0.94	1.5	–	0.97
and	468.0	497.0	29.0	0.01	0.27	2.1	–	0.30
and	534.0	959.0	425.0	0.15	0.21	2.2	0.40	0.37

HW-25-011 Summary & Discussion

Porphyry-style mineralization and alteration was identified through detailed core logging and geochemical analysis in drill hole HW-25-011, which returned 425.0 m grading 0.15% Cu, 0.21 g/t Au, and 2.2 g/t Ag (0.40% CuEq) (Figure 3). The host lithologies intersected are limited to volcanics with the exception of two, meter-scale dykes characterized by an increase in quartz veins and chalcopyrite mineralization locally.

Alteration observed in HW-25-011 is consistent with what is typically developed along the flanks of a porphyry copper–gold system. Visual observations show widespread, multi-generational porphyry-style veins and disseminated sulfide mineralization, characterized by pyrite greater than chalcopyrite throughout much of the hole. Prior to HW-25-011, historical drilling at Hank had not identified porphyry-style mineralization or zoned porphyry alteration.

Three alteration–mineralization domains are interpreted within HW-25-011. These domains are consistent with increasing proximity to a porphyry center:

1. 0–530 m: Porphyry-distal (low temperature) alteration characterized by quartz–carbonate veins and disseminated pyrite, accompanied by elevated Pb, Zn, Ag and Au concentrations.
2. 530–890 m: Porphyry-flanking (moderate temperature) alteration assemblage of quartz–chlorite–magnetite–pyrite hosted in volcanics. Pyrite-to-chalcopyrite ratios are high overall, with locally elevated chalcopyrite associated with higher-density quartz stockwork domains.
3. 890–959 m: Porphyry-proximal (moderate to high temperature) alteration marked by lower pyrite-to-chalcopyrite ratios and the appearance of early K-feldspar–magnetite-chalcopyrite veins within a broad quartz–chlorite-magnetite–pyrite–chalcopyrite ± molybdenite alteration assemblage.

Across the reported interval, an increase in Cu:Au ratio downhole and toward the southeast also supports vectoring toward a higher temperature and possibly more copper-dominant porphyry core to the southeast. This same pattern and vector is also observed in the sulfide mineralogy with the visual estimates showing pyrite >> chalcopyrite transitioning to pyrite > chalcopyrite.  Mineralization remains open in all directions, with the hole terminating in mineralization at 959.0 m depth.

Induced polarization (IP) survey lines completed north and south of HW-25-011 (Figure 4) indicate a broad chargeability body interpreted to represent a large sulfide system. The IP chargeability data indicates a potentially broader zone of disseminated sulfide than what is outlined within the “2026 Target Area” shape in Figures 2 – 5. 

The priority 2026 target area is defined by integrated geological, geochemical, and geophysical datasets and covers approximately 1.75 km × 0.95 km (Figure 2 – 5).  This represents the Company’s top priority for follow-up drilling in 2026.

Other

Dustin Perry – CEO, will be presenting at the Metals Investor Forum in Vancouver, BC, tomorrow (Friday, January 23) at 3:00 pm PST.  Those wishing to attend can visit metalsinvestorforum.com for registration details.

Drill core from Williams as well as the new Hank porphyry discovery (HW-25-011) will be on display for the public to view at the core shack during the AME Round Up in Vancouver, BC, on January 26 and 27. 

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 Bureau Veritas (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.

Table 2. 2025 Drill Results HYW–37 Project

Hole No.	From (m)	To (m)	Interval (m)1	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)2	AuEq (g/t)2
HW-25-001	249.0	797.1	548.1	0.14	0.16	1.8	0.34	0.31
incl.	426.55	550.75	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	562.45	234.35	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	0.01	0.28	0.4	–	0.29
incl.	197.0	307.0	110.0	0.01	0.47	0.2	–	0.49
HW-25-007	Hole abandoned – HW-25-011 is the redrill
HW-25-008	3.65	893.0	889.35	0.21	0.22	1.5	0.47	0.43
incl.	287.95	328.10	40.15	0.46	0.62	2.5	1.16	1.06
HW-25-009	49.3	322.0	272.7	0.11	0.15	4.0	0.31	0.29
HW-25-010	4.3	726.0	721.7	0.22	0.21	1.3	0.46	0.42
incl.	4.3	83.0	78.7	0.43	0.50	3.0	1.01	0.93
incl.	273.0	320.55	47.55	0.49	0.56	1.9	1.12	1.03
HW-25-011	281.0	293.0	12.0	0.02	1.18	1.6	–	1.22
incl.	284.85	286.45	1.6	0.01	6.95	3.5	–	6.99
and	357.0	362.4	5.4	0.01	0.94	1.5	–	0.97
and	468.0	497.0	29.0	0.01	0.27	2.1	–	0.30
and	534.0	959.0	425.0	0.15	0.21	2.2	0.40	0.37

             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, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region with the 933 km² HWY 37 Project and 202 km² Forrest Kerr Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 90,909,852 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 metal equivalent calculation were metal prices of $4.00/lb copper, $3,000/oz gold, and $30/oz silver. No current or historical metallurgical work has been completed therefore recoveries are assumed to be 80% for copper, 80% for gold and 80% for silver. The following equations was used to calculate the copper equivalence:  AuEq = gold (g/t) + (copper (%) x 0.9143) + (silver (g/t) x 0.0100). 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.

[3] Dependent on funding

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce further results 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.

Assay results have been received for an additional three diamond drill holes HW-25-008, -009, and -010.  Diamond drill holes HW-25-008 and -010 returned some of the longest copper intercepts from within the Williams porphyry copper-gold system. HW-25-008 cut 889.35 m[1] of 0.47% CuEq[2] starting at surface below 3.65 m of cover to end of hole at 893 m (Figure 4).  Drillhole HW-25-010 returned 721.7 m of 0.46% CuEq starting below 4.3 m of cover which includes 78.7 m of 1.01% CuEq from 4.3 m depth (Figure 7). These drillholes demonstrate continuity of grade with mineralization from surface of bedrock to depth within the Williams deposit. 

Highlights from this release include:

• HW-25-008 (Williams):  889.35 m of 0.47% CuEq from 3.65 m
  • Including 40.15 m at 1.16% CuEq from 287.95 m
• HW25-010 (Williams): 721.7 m of 0.46% CuEq   from 4.3 m 
  • Including 78.7 m of 1.01% CuEq from 4.3 m
  • Including 47.55 m of 1.12% CuEq from 273.0 m

“The Williams drilling continues to demonstrate a well-mineralized porphyry system with copper-gold mineralization extending from surface over long intervals,” said Dustin Perry, CEO of Kingfisher. “While Williams is interpreted as a satellite to a larger porphyry system at Hank, the presence of bornite and localized higher-grade intervals highlights the fertility of the broader system. These results provide geological context for the Hank porphyry system identified in the final hole of the program (HW-25-011), with results expected to be released in the near term.”

Table 1. Drill Results from this Release.

Hole No.	From (m)	To (m)	Interval (m)1	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)2	AuEq (g/t)2
HW-25-008	3.65	893.0	889.35	0.21	0.22	1.5	0.47	0.43
incl.	287.95	328.10	40.15	0.46	0.62	2.5	1.16	1.06
HW-25-009	49.3	322.0	272.7	0.11	0.15	4.0	0.31	0.29
HW-25-010	4.3	726.0	721.7	0.22	0.21	1.3	0.46	0.42
incl.	4.3	83.0	78.7	0.43	0.50	3.0	1.01	0.93
incl.	273.0	320.55	47.55	0.49	0.56	1.9	1.12	1.03

HW-25-008 Summary

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 intersected mineralization at surface below cover until end of hole, returning 889.35 m of 0.21% Cu, 0.22 g/t Au and 1.5 g/t Ag (0.47% CuEq). This included a higher-grade interval of 40.15 m with 1.16% CuEq from 287.95 m downhole (Figure 4). The alteration associated with the mineralization observed is:

• 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

HW-25-009 Summary

Hole HW-25-009 targeted the root area of the Williams deposit. The drill hole returned 272.7 m of 0.11% Cu, 0.15 g/t Au and 4.0 g/t Ag from 49.3 m.  Mineralization observed is hosted within a flanking alteration assemblage of K-feldspar-epidote-magnetite and high pyrite : chalcopyrite ratios.  This observation shows that this hole was drilled in the southeastern margin of the Williams deposit and Kingfisher believes there is potential for additional mineralization to the west-northwest of this hole, demonstrated by trends of mineralization observed in section view (Figure 5).

HW-25-010 Summary

Hole HW-25-010 collared on the same drill pad as HW-25-008. This hole was designed to test the deeper domain boundaries of the porphyry system. Hole HW-25-010 accomplished this goal and defined the eastern domain boundary and returning 721.7 m of 0.22% Cu, 0.21 g/t Au, and 1.3 g/t Ag (0.46% CuEq) which includes 78.7 m of 1.01% CuEq and 47.55 m of 1.12% CuEq from 4.3 and 273.0 m respectively (Figure 7).  The alteration associated with the mineralization observed is:

• 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

HW-25-006 Update

Further to the release dated November 10, 2025 (Kingfisher Metals Reports 110 Meters of 0.47 g/t Gold in ~500 m step-out at Hank and Extends Gold in Soil Anomaly at Hank on the HWY 37 Project, Golden Triangle, British Columbia), multielement assay results from HW-25-006 has been received.  The new data updates the intersection to 241.0 m of 0.01% Cu, 0.28 g/t Au, and 0.4 g/t Ag (0.29 g/t AuEq) including 110.0 m of 0.01% Cu, 0.47 g/t Au and 0.2 g/t Ag (0.49 g/t AuEq). The values are summarized in table 2 (below). 

Pending Results

Kingfisher has now received assays for diamond drill hole HW-25-011, which are currently being interpreted by the Company with an update to follow in due course. The Company is also waiting on final IP and airborne EM (MMT) geophysical datasets as well as finalized geological mapping data collected during the 2025 field program. Results of these surveys will be released once received and interpreted.

Kingfisher will be attending the upcoming AME Roundup Core Shack in Vancouver, British Columbia. Drill core from Williams as well as the new Hank porphyry system (HW-25-011) will be on display for the public to view in the Core Shack on January 26 and 27.

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 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 to date

Hole No.	From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)	AuEq (g/t)
HW-25-001	249.00	797.10	548.10	0.14	0.16	1.8	0.34	0.31
incl.	426.55	550.75	124.20	0.18	0.23	3.0	0.47	0.43
HW-25-002	118.00	124.00	6.00	0.01	0.48	1.1	–	0.50
and	201.00	217.00	16.00	0.01	0.26	2.3	–	0.29
and	233.00	247.00	14.00	0.02	0.27	2.0		0.32
and	405.00	415.00	10.00	0.01	0.45	1.4	–	0.47
HW-25-003	101.70	108.00	6.30	0.01	0.50	5.0	–	0.56
and	160.00	164.00	4.00	0.01	0.77	8.6	–	0.87
and	487.50	488.40	0.90	0.01	1.68	33.9	–	2.02
and	504.00	510.00	6.00	0.03	0.34	4.2	–	0.41
HW-25-004	328.10	885.90	557.80	0.29	0.30	1.6	0.64	0.58
incl.	328.10	562.45	234.35	0.44	0.49	2.3	1.00	0.91
HW-25-005	Hole abandoned – HW-25-006 is the redrill
HW-25-006	192.00	433.00	241.00	0.01	0.28	0.4	–	0.29
incl.	197.00	307.00	110.00	0.01	0.47	0.2	–	0.49
HW-25-007	Hole abandoned – HW-25-011 is the redrill
HW-25-008	3.65	893.0	889.35	0.21	0.22	1.5	0.47	0.43
incl.	287.95	328.1	40.15	0.46	0.62	2.5	1.16	1.06
HW-25-009	49.3	322.0	272.7	0.11	0.15	4.0	0.31	0.29
HW-25-010	4.3	726.0	721.7	0.22	0.21	1.3	0.46	0.42
incl.	4.3	83.0	78.7	0.43	0.50	3.0	1.01	0.93
incl.	273.0	320.55	47.55	0.49	0.56	1.9	1.12	1.03
HW-25-011	Results Pending

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, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region with the 933 km² HWY 37 Project and 202 km² Forrest Kerr Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 90,814,018 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 metal equivalent calculation were metal prices of $4.00/lb copper, $3,000/oz gold, and $30/oz silver. No current or historical metallurgical work has been completed therefore recoveries are assumed to be 80% for copper, 80% for gold and 80% for silver. The following equations was used to calculate the copper equivalence:  AuEq = gold (g/t) + (copper (%) x 0.9143) + (silver (g/t) x 0.0100). 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 report the voting results for the Company’s annual general meeting of shareholders (the “Meeting”) held on December 12, 2025, in Vancouver, British Columbia.

Fixing the Number and Election of Directors

Shareholders fixed the number of directors at five (5), and all five (5) of the nominees listed in Kingfisher’s management information circular dated November 18, 2025, that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the Company’s shareholders or until their successors are elected or appointed.   

Appointment of Auditors

Shareholders appointed De Visser Gray LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor.

Approval of Stock Option Plan

The Company’s incentive stock option plan, which is a rolling stock option plan that permits the issuance of up to an aggregate of 10% of the issued and outstanding common shares of the Company from time to time, was approved by shareholders.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. Through outright purchases and option earn in agreements (Orogen Royalties, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region at with the 933 km² HWY 37 Project and 202 km² Forrest Kerr 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

Certain of the statements made and information contained herein is considered “forward-looking information” within the meaning of applicable Canadian securities laws, including statements with regard to the results of the Meeting. These statements address future events and conditions and are reliant on assumptions made by the Company’s management, and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Vancouver, British Columbia, December 4, 2025 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the signing of a three-year property option agreement to acquire the Forrest Kerr Project in the Golden Triangle, British Columbia (the “Forrest Kerr Option Agreement”), subject to the approval of the TSX Venture Exchange (the “TSXV”). The 202 km² Forrest Kerr Project is located ~1 km south of the 933 km² HWY 37 Project and stretches south for ~40 km (Figure 1).  

Historical exploration on the Forrest Kerr Project largely focused shallow drilling targeting high-grade precious metal veins with limited use of modern exploration techniques (e.g. IP geophysics, 3D modeling, LiDAR) and without investigation of porphyry potential.

The Forrest Kerr Project is host to three large prospective porphyry copper-gold and epithermal gold-silver target areas that are located at RDN, Boundary, and Forrest Creek (Figure 2). Additional opportunities exist to improve upon high-grade gold intercepts such as 90.27 g/t Au over 4 m[1] through structural analysis and further exploration.

Forrest Kerr Project Highlights:

• 202 km² project in the Golden Triangle with tenures in good standing until 2030
• High-grade copper-gold mineralization (Table 1)
• Multi-kilometer scale copper and gold soil anomalies (Figure 3 & 4)
• Porphyry copper-gold targets have seen limited drilling/targeting
• KSM-age Texas Creek intrusive rocks are present – similar geological setting to KSM and Brucejack porphyry-epithermal trend
• Favourable erosional level – exposure of Triassic-Jurassic unconformity (‘red line’)
• High-grade gold systems have not seen adequate structural modeling
• Road networks – Galore Creek road to north and service roads for hydroelectric projects on claim in south

Dustin Perry, CEO of Kingfisher, states “The Forrest Kerr Project is highly prospective for both high-grade gold-silver mineralization as well as porphyry copper-gold mineralization. Historical exploration on the project has returned high-grade gold intercepts such as 4 m of 90.27 g/t Au and 1.95 m of 91.6 g/t Au[2]. The project spans one of the major long-lived structures within the Golden Triangle and is yet to see modern high-level geological targeting, which is something our experienced exploration team excels at. Efficient consolidation within the Golden Triangle has been our intention since moving into the region in 2023 and this deal further highlights our accretive growth strategy.”

Table 1. Forrest Kerr Project significant historical drill results

Target Area	Hole	From (m)	To (m)	Interval[3] (m)	Au g/t	Ag g/t	Cu %
RDN	RG91-21[4]	140.75	141.60	0.85	125.31	20.2	0.87
	and	158.80	160.75	1.95	91.62	56.6	2.70
Boundary	FK17-05[5]	33.0	39.0	6.00	21.51	28.5	3.05
	FK17-065	14.0	16.0	2.0	14.20	25.1	3.26
	FK18-101	61.0	74.0	13.0	3.94	4.0	0.62
	and	84.0	85.0	1.0	87.30	84.4	0.45
	and	118.0	122.0	4.0	90.27	6.7	0.29
	and	185.0	186.0	1.0	48.40	5.5	0.39
	FK18-121	40.0	46.0	6.0	9.69	4.9	0.39
Forrest	90A-055	24.0	63.7	39.7	1.60	13.1	0.63
	90A-13[6]	8.0	57.0	49.0	1.70	9.2	0.24

Forrest Kerr Project Overview

The Forrest Kerr Project straddles the north-trending Forrest Kerr shear zone with parallel trending copper and gold anomalism. Exploration on the project since 1988 includes over 36,000 m of diamond drilling in 167 holes, 16,311 soil samples, 1,781 rock samples and 259 stream sediment samples[7].  The majority of these collected during the exploration programs during the years from 2016 to 2021. The Forrest Kerr trend includes numerous Texas Creek intrusions which are regionally associated with porphyry and epithermal mineralization in Sulphurets (KSM, Treaty Creek, Brucejack), Iskut, and Hank-Mary areas. Numerous high-grade showings on the project are also associated with large copper-in-soil anomalies (Figure 3). Copper and gold anomalism is broadly coincident (Figure 4), a common relationship in porphyry regions.

The RDN Target Area

The RDN Target Area includes high-grade polymetallic vein prospects (Table 1) cored by a bright white-yellow core gossan body (Figure 5) interpreted to be a leached cap above a possible porphyry system. The total extent of both the gossan and the geochemical anomalies on surface is at least 10 km northerly and ranges 1.5 to 3 km wide (Figure 2). The core gossan target area in Figure 5 is marked by complete loss of original rock character, depressed copper-gold values compared to flanking domains, white colour (iron loss), and recessive nature. These features together in the heart of the alteration body can be indications of a leached cap, which is a common feature of porphyry copper-gold systems. Only three shallow historical holes test the outer margin of the core gossan target area, including hole RG90-11 with 18.19 g/t Au, 8.4 g/t Ag and 0.61% Cu over 0.40 m from 26.05 m and 11.57 g/t Au, 9.7 g/t Ag and 1.43% Cu from 51.00 m[8] downhole. The Company considers the core gossan body as a high priority, large-scale porphyry target. The Company sees similarities between the RDN and the Hank gossans and plans to apply key learnings, including spectral geology and IP geophysical surveys to further refine this target.

Boundary Target Area

The Boundary Target Area is approximately 2.5 km north south and 350-800 m wide. The target area includes both high-grade polymetallic veins as well as grassroots copper-gold porphyry targets. Previous targeting along the trend focused on tightly spaced drilling of gold-bearing veins flanking the broader copper-in-soil anomalism (Figure 2 &  3). Surface geological work and ground IP geophysical survey datasets are suggested to better identify porphyry copper-gold drill targets at Boundary. Visible gold has been noted in historical drill core (Figure 6).

Forrest Target Area

The Forrest Target Area is defined by an approximately 11 km north-south elongate copper-gold soil anomaly that measures approximately 1.5 to 2 km wide. The geochemical anomaly lies in a comparable structural position as the nearby KSM district with mineralization in the footwall of a west-dipping thrust fault mapped by the BC Geological Survey. The most advanced target in the trend is the Forrest Creek porphyry target with a 1.5 km west-east and 2.1 km north-south copper-gold soil anomaly (Figure 3). Historical work only focused on an area of 430 by 340 m with shallow drilling (less than 150 m downhole). Overall, the trend has seen very little modern exploration with very limited follow-up since good results in an early 90s drill campaign (e.g. 39.7 m at 1.6 g/t Au, 13.1 g/t Ag and 0.63% Cu in drillhole 90A-05). This lack of recent exploration work represents an opportunity for Kingfisher to generate the geological and geophysical datasets to screen for potential new porphyry systems.

Transaction Terms

Option Terms to Acquire 100% over Three Years

The Company has entered into the Forrest Kerr Option Agreement with Aben Gold Corp. (TSX.V: ABN) (“Aben”), whereby Aben has granted Kingfisher the right to acquire a 100% interest in a series of mineral claims located in the province of British Columbia commonly referred to as the “Forrest Kerr Project”, subject to various net smelter returns.

Pursuant to the terms of the Forrest Kerr Option Agreement, Kingfisher has the right to earn a 100% ownership interest in the Forrest Kerr Project as follows:

• a cash payment of $150,000 and issuing common shares with a value of $500,000 on the date that the TSXV approve the Forrest Kerr Option Agreement (the “TSXV Approval Date”);
• an additional cash payment of $150,000 and issuing additional common shares with a value of $500,000 on or before the date that is 6 months from the TSXV Approval Date;
• an additional cash payment of $200,000 and issuing additional common shares with a value of $500,000 on or before the date that is 12 months from the TSXV Approval Date; and
• an additional cash payment of $700,000 that is 36 months from the TSXV Approval Date.

Future Steps

Given the project has no immediate work commitments the Company has no obligations to rush into exploration on the Forrest Kerr Project. Kingfisher will continue desktop studies on the project over the coming months and prioritize targets within the greater target pipeline across the 1,135 km² landholding within the Golden Triangle.  Kingfisher will focus on permitting the project and taking a staged approach to exploration, evaluating and improving the target areas before initiating any drill campaigns. It is anticipated that geophysical, geological, and LiDAR surveys will be the first priority.  Additionally, Kingfisher intends to leverage the robust data set using Vrify’s AI-Assisted Mineral Discovery Platform. 

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, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region at with the 933 km² HWY 37 Project and 202 km² Forrest Kerr 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.

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[1] Historical results extracted from McDowell, C. & Stacey, J.R., 2018 Geochemical and Diamond Drilling Report on the Forrest Kerr Property, ARIS report no. 38384. A QP has not verified these results; they are provided for context only and should not be relied upon.

[2] Historical results extracted from Savell, M. & Grill, E. Diamond Drilling Report on the RDN, GOZ and DPR Claims, ARIS report no. 22003. A QP has not verified these results; they are provided for context only and should not be relied upon.

[3] True widths not known.

[4] Historical results extracted from Savell, M. & Grill, E. Diamond Drilling Report on the RDN, GOZ and DPR Claims, ARIS report no. 22003. A QP has not verified these results; they are provided for context only and should not be relied upon.

[5] Historical results extracted from McDowell, C., 2017 Geochemical and Diamond Drilling Report on the Forrest Kerr Property, ARIS report no. 36955. A QP has not verified these results; they are provided for context only and should not be relied upon.

[6] Historical results extracted from Stammers, M.A. & Ikona, C.K. 1990 Assessment Report on the Geochemical, Geophysical, Prospecting, Trenching and Diamond Drilling Program Forrest 1-15 Mineral Claims, ARIS report no. 20562. A QP has not verified these results; they are provided for context only and should not be relied upon.

[7] The Forrest Kerr Project database includes historical information compiled from prior operators, consisting of 167 drill holes with 36,704 m of drilling, 16,311 soil, 259 silt samples, and 1,781 rock samples. The Company has verified a portion of this historical data through review of original assessment reports and supporting documentation; however, not all historic information has been fully verified and therefore should not be relied upon. 

[8] Historical results compiled from  Awmack, H.J., 2001. RDN: A Shallow Marine Volcanogenic Massive Sulphide Prospect. A QP has not verified these results; they are provided for context only and should not be relied upon. 

Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce further results 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[1] 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)[2]. This drill hole demonstrates high potential for lateral and vertical 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 system in drill hole HW-25-001 also returned values of 548.1 m of 0.31 g/t AuEq[3] 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
  • 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
  • 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 (1.73 g/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[4]  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[5]  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 tonnage gold system both laterally and vertically. The results of HW-25-006, combined with significant spacing between historical drill holes open a 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 veins extend 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 was designed 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 2025 soil 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, 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.

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.

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

[2] Historical resource is not 43-101 compliant. Reference: Prospectus, Lac Minerals Ltd, July 7, 1987

[3] Assumptions used in USD for the metal equivalent calculation were metal prices of $4.00/lb copper, $3,000/oz gold, and $30/oz silver. No current or historical metallurgical work has been completed therefore recoveries are assumed to be 80% for copper, 80% for gold and 80% for silver. The following equations was used to calculate the copper equivalence:  AuEq = gold (g/t) + (copper (%) x 0.9143) + (silver (g/t) x 0.0100). 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.

[4] See news release dated September 23, 2025, on www.kingfishermetals.com or www.sedarplus.ca.

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

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.

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[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.