Category: News

VANCOUVER, British Columbia, August 14, 2023 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce diamond drilling has begun at the HWY 37 Project for the planned ~2500 m drill program. The project is located in Northwest British Columbia within the Golden Triangle.

Highlights

• Drill test of the Cliff porphyry target follows-up on untested significant stockwork on surface adjacent to a single historical drill hole that bottomed in 0.11 % Cu over 81 m (Hole BC06-01) in flanking alteration.

• Sampling by Kingfisher in 2023 returned 1.70% Cu from the Cliff porphyry stockwork body.

• Drilling south along trend from the Mary deposit targets open mineralization adjacent to hole BCK-MZ-19-01 with 0.48 g/t Au and 0.14% Cu over 291.5 m.

Dustin Perry, CEO states “We are beginning an exciting drill program at the relatively underexplored HWY 37 Project within the prolific Golden Triangle. This program is focused on new copper-rich porphyry discoveries with drilling at the untested Cliff stockwork body and the Mary Root Zone which are part of a large 6×6 km alteration zone that includes the Mary deposit. Drilling will also focus on expanding the footprint of the Mary deposit.”

The ~2500 m diamond drill program at the HWY 37 Project is currently underway with initial drilling at the Cliff porphyry target. The drill contractor is Konaleen Drilling, a Tahltan based company.

Cliff Porphyry Drill Target

The Cliff porphyry is part of a ~4 km-long Cu-Au-Ag-Mo soil anomaly on trend with the Mary deposit and is the first drill target of the program. Two creek gullies in the core of the soil anomaly (Figure. 1) provide narrow exposures of copper-bearing stockwork. Mapping delineated a >200 m trace in the western gully and >100 m trace in the eastern creek. The stockwork body is host to 5-30% by volume veins of magnetic K-feldspar-biotite-magnetite-quartz-chalcopyrite-pyrite-galena. Kingfisher sampled the stockwork on surface (Sample C0144155, Figure 1) returning 1.70% Cu, 0.04 g/t Au, 26.93 g/t Ag, 58.4 ppm Mo. Historical rocks in the stockwork grade up to 0.7% Cu.

Only one historical drillhole at Cliff porphyry (Hole BC06-01) collared east of the stockwork body (Figures 1&2). The hole bottomed in 0.11% Cu over 80.62 m, where quartz-sulfide veins increase to 2-5% by volume. The stockwork body mapped on surface hosts a higher volume of veins (5-30%) and was not tested by hole BC06-01.

This stockwork body lies above a large, untested magnetic anomaly (Figure 2). Hole BC06-01 bottomed in 0.11% Cu over 80.62 m but did not intersect the intense zone of stockwork outlined in Figure 1.   The bottom of BC06-01 is ~170 m from a large magnetic anomaly. 

Mary Root Zone Geophysical Target

Between the Mary and Cliff porphyry centres is an untested large alteration expression cored by a coincident chargeability-resistivity geophysical anomaly (Figure 3). Gold grade at Mary is coincident with a resistivity high, draped around a subvertical chargeability anomaly. Highest relative copper grade is hosted along the upper boundary and within the core of the chargeability anomaly. The Mary Root Zone target similarly hosts a subvertical chargeability anomaly enclosed by a resistivity anomaly with continuity to the Mary deposit.

A conceptual root zone is inferred to have high relative copper compared Mary due to the deeper level. The geophysical anomaly indicates that the root zone target is larger in vertical and lateral scale than Mary.

Mary Deposit Step-out

The upper levels of the Mary deposit are marked by open-ended low angle metal patterns in Au and Cu. Deeper drill delineation below the Mary deposit is limited to one hole along the northeastern flanks of the deposit. The projection of the low angle metal patterns remains untested to the west, south and east. The at-depth extent of the system below the low angle metal pattern is tested by just one hole (BC12-47) that drilled ~130 m to the north of the top three intercepts, all located in the southern drilled extent.

One step-out hole is planned to test the southern continuation of the Cu-Au intercepts. Delineating the full lateral extent of the upper metal patterns is key to future targeting of the at-depth projection of metal patterns. The planned hole follows-up on a drillhole from 2019, which intersected 0.5 g/t Au, 0.1% Cu over 291.5 m from 15.5 m (BCK-MZ-19-01).

Options Issuance

Kingfisher also announces the grant of 3,650,000 stock options that are exercisable for a period of five years at a price of $0.12 per share to its directors, officers, various staff members, and an investor relations consultant (Adelaide Capital Markets Inc.).

Quality Assurance/Quality Control (QAQC)

Rock samples were shipped to MSALABS, located in Langley, British Columbia for preparation and analysis. MSALABS is an ISO17025 and ISO9001 accredited laboratory and is independent of Kingfisher and its Qualified Person. Samples were prepped using the PRP-915 and analyzed for 48 major and trace elements with ICP-MS after a four-acid digestion (method code IMS-230). A 30 g split from assay sample was analyzed for Au using a lead collection fire assay fusion that was digested and analyzed using AA (method code FAS-111). Overlimit (>10,000 ppm) copper was determined using a 0.2 gram sample, four-acid digestion and ICP-AES finish (method core ICF-230).

Qualified Person

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 130,586,151 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 778 606 2507

E-Mail: [email protected]   

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

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: formulation of plans for drill testing; and the success related to any future exploration or development programs.

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

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks related to the COVID-19 pandemic; fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mineral exploration; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

VANCOUVER, British Columbia – August 3, 2023 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that, further to the Company’s news releases dated May 15, 2023 and July 17, 2023, it has closed its private placement financing (the “Offering”) for gross proceeds of approximately C$2.8 million through the issuance of 21,632,450 charity flow-through units at a price of C$0.12 per charity flow-through unit and 2,325,000 flow-through units at a price of C$0.10 per flow-through unit of the Company (collectively, the “Offered Units”).

Each Offered Unit is comprised of one common share of the Company (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), each of which will qualify as “flow-through shares” as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). Each Warrant is exercisable for one Common Share at an exercise price of C$0.15 per Common Share at any time up to 24 months following the closing date of the Offering.

The aggregate gross proceeds raised from the Offering will be used, pursuant to the provisions in the Tax Act to incur, directly or indirectly, expenses (“Qualifying Expenditures”) related to the Company’s projects in British Columbia, on or before December 31, 2024, that are eligible “Canadian exploration expenses” (as defined in the Tax Act), which will qualify as “flow-through critical mineral mining expenditures” (as defined in the Tax Act) and “BC flow-through mining expenditures” as defined in the Income Tax Act (BC). The Company will renounce all the Qualifying Expenditures in favour of the applicable subscribers of the Offered Units effective December 31, 2023.

In connection with the Offering, commissions on the sale of the Offered Units were paid to eligible finders (the “Finders”) in accordance with the policies of the TSX Venture Exchange and applicable securities law.  The Company paid an aggregate of C$9,059.45 in cash commissions and issued 45,000 finder warrants (the “Finder Warrants”) to the Finders.  Each Finder Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.15 at any time prior up to 24 months following the closing date of the Offering.

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

Certain insiders of the Company subscribed for an aggregate of 4,255,960 Offered Units for gross proceeds of $513,115.20 under the Offering. Participation by insiders of the Company in the Offering constitutes a related-party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 as the Common Shares are listed on the TSXV. The issuance of 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.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 130,586,151 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: [email protected]    

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

Cautionary Note Regarding Forward-Looking Statements

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

Forward-looking statements in this news release include, among others, statements 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; and the impact of COVID-19.

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

VANCOUVER, British Columbia – July 17, 2023 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) announces that, further to its news release dated May 15, 2023, it has received an extension from the TSX Venture Exchange (“TSX-V”) to close its  non-brokered private placement of charity flow-through units (the “Charity FT Units”) at a price of $0.12 per Charity FT Unit and flow-through units (the “FT Units” and, collectively with the Charity FT Units, the “Offered Units”) at a price of $0.10 per FT Unit for aggregate gross proceeds of up to $3.0 million (the “Offering”).

The Offering is expected to close on or about August 3, 2023, and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX-V. All terms of the Offering remain the same.

Field crews have mobilized to the HWY 37 Project area and have commenced preparations for camp and drill pad construction for the proposed ~2,500 m diamond drill program, which is expected to start after closing of the Offering.

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 106,628,701 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: [email protected]    

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

Cautionary Note Regarding Forward-Looking Statements

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

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

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

VANCOUVER, British Columbia – May 15, 2023 -Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce a non-brokered private placement of charity flow-through units (the “Charity FT Units”) at a price of $0.12 per Charity FT Unitand flow-through units (the “FT Units” and, collectively with the Charity FT Units, the “Offered Units”) at a price of $0.10 per FT Unit for aggregate gross proceeds of up to $3.0 million (the “Offering”).

Each Offered Unit will consist of one flow-through common share and one half of one transferable non-flow-through common share purchase warrant (each whole such common share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one additional non-flow-through common share of the Company for 24 months from the closing date of the Offering at an exercise price of $0.15.

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

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the Offered Units, pursuant to the provisions in the Income Tax Act (Canada) (the “Tax Act”) to incur, directly or indirectly, expenses (“Qualifying Expenditures”) related to the Company’s projects in British Columbia, on or before December 31, 2024, that are eligible “Canadian exploration expenses”(as defined in the Tax Act), which will qualify as “flow-through critical mineral mining expenditures”(as defined in the Tax Act) and “BC flow-through mining expenditures” as defined in the Income Tax Act (BC). The Company will renounce all the Qualifying Expenditures in favour of the applicable subscribers of the Offered Units effective December 31, 2023. 

The Offering is expected to close on or about June 8, 2023 and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. The Offered Securities will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws.

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

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp.(https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 106,628,701 shares outstanding.

For further information, please contact: 

Dustin Perry, P.Geo. 

CEO and Director

Phone:​+1 236 358 0054

E-Mail: [email protected]

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

Cautionary Note Regarding Forward-Looking Statements

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

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

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

VANCOUVER, British Columbia, May 4, 2023 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to provide a technical update on the HWY 37 Project that includes drill targets for the 2023 field program.

Highlights:

• Targeting work includes 3D inversions of historical IP geophysical data which has outlined untested anomalies flanking the Mary porphyry deposit.

• Proposed drilling (~2500 m) in 2023 will focus on the Mary to Cliff porphyry trend.

• Detailed analysis of the porphyry Cu-Au potential on the project is provided in video format.

Summary

The HWY 37 Project is a district-scale (362 km²) porphyry Cu-Au and epithermal Au-Ag project located within the Golden Triangle, northwestern British Columbia.

Planning for the 2023 field season at the HWY 37 Project is currently underway and it is expected to begin in July and includes ~2500 m of diamond drilling between the Mary Cu-Au porphyry deposit and the Cliff gossan (Figure 1).  This broad area sits within a ~6 by 6 km area of alteration and geochemical anomalism favourably located ~9 km from Highway 37.  Texas Creek intrusions at the HWY 37 Project are also responsible for porphyry Cu-Au mineralization at Treaty Creek and KSM projects. The Company notes that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the HWY 37 Project.

Historical work programs at Mary include 13,506 m of diamond drilling which has defined a zone of porphyry Cu-Au mineralization over 1300 m by 600 m.  Drilling focused on outcrop mineralization at the Mary deposit (‘Main Zone’, or ‘Ball Creek’) with the majority of work focused on the shallow gold-rich portions of the porphyry system (Figure 2).  Low angle copper and gold metal patterns are identified in the Mary deposit, which project untested under a unit interpreted as post-mineral volcanic cover. Comparable metal patterns are common to other system in the region including Treaty Creek and KSM projects.

Drilling in 2023 will focus on the lateral extents of the Mary porphyry system where the Company believes there is potential for discovering a lower level, copper-rich body.  The Company recently completed a 3D inversion of historical IP geophysical data which shows a strong correlation between resistivity and historically defined mineralization (Figure 3).  The target area (Figure 4) lies south of the area of historical mineralization and hosts a large (600 m by 600 m) resistive body which is open at depth.  On trend and south of Mary and the resistivity target lies the Cliff gossan where mapping outlined a body of potassic-altered porphyry stockwork mineralization in outcrop. 

A discussion of the drill targets at the Mary deposit as well as other targets on the HWY 37 Project is summarized in a video presentation. 

AuEQ values were calculated the following metal prices: Au = $1900.00/oz, Cu = $4.00/lb, and Ag = $25.00/oz. No current or historical metallurgical work has been completed on the mineral deposits within the Project and as such recoveries are assumed to be 100%. The formula used to calculate the equivalent values for the porphyry targets is AuEQ g/t = Au g/t + (Cu % * 1.4436) + (Ag g/t * 0.0132). The formula used to calculate the equivalent values for the epithermal targets is AuEQ g/t = Au g/t + (Ag g/t * 0.0132). 

Qualified Person

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 106,628,701 shares outstanding.

For further information, please contact: 

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

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

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: formulation of plans for drill testing; and the success related to any future exploration or development programs.

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

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks related to the COVID-19 pandemic; fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mineral exploration; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

VANCOUVER, British Columbia, March 7, 2023 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce that it has entered into two option agreements on March 6, 2023 (the “Effective Date”) to consolidate a 362 km²copper-gold project in the Golden Triangle region of NW British Columbia, subject to the approval of the TSX Venture Exchange (the “TSXV”).

Highlights

• Two 4-year options to earn 100% of the Ball Creek East Project and the Hank Project, now referred to as the HWY 37 Project.

• Highway 37 and the Northern Transmission Line passes through the HWY 37 Project and lies within 9–15 km of main historical zones of drilling.

• Multiple open ended mineral deposits including the Mary Cu-Au Porphyry, the Williams Cu-Au Porphyry, and the Hank Au-Ag Epithermal deposits.

• Same mineralization age and scale of alteration as the tier one Treaty Creek-KSM-Brucejack Trend.

• Limited historical drilling on project outside of known deposits despite widespread soil anomalies and gossans over 17 x 9 km porphyry-epithermal footprint.

• Located within the traditional territory of the Tahltan First Nation, with a communications agreement in place.

Dustin Perry, CEO of Kingfisher, states “The consolidation of this porphyry-epithermal district represents a significant opportunity for discovery of tier one deposits of critical and precious metals. The HWY 37 Project has a distinct advantage over much of the Golden Triangle given the proximity to infrastructure crucial to any future development. Our VP-Exploration, Gayle Febbo, and our technical advisor, Charlie Greig, have both worked in the past at the comparable KSM project and Brucejack mine, as well as the HWY 37 Project location, and have extensive knowledge of the area. We look forward to commencing exploration at the HWY 37 Project in due course.”

Gayle Febbo, VP-Exploration of Kingfisher, states “The Iskut region is host to an array of Au-rich deposit types formed at various times throughout the Mesozoic, but the most productive of these was during the emplacement of Early Jurassic Texas Creek intrusions. This suite of intrusions is known to have formed the largest gold resource globally at KSM and one of the highest-grade operating gold mines at Brucejack. The HWY 37 Project represents a rare and ideal land position with both a district-scale Cu-Au porphyry belt and superimposed Au-Ag epithermal belt caused by the same suite of intrusions as KSM and Brucejack.”

About the HWY 37 Project

The 362 km² HWY 37 Project is in Northwest British Columbia’s Golden Triangle (Figure 1). The Stewart-Cassiar Highway (37) and the 287 kV Northwest Transmission Line pass through the eastern portion of the project. The project encompasses a broad area of porphyry Cu-Au and epithermal Au-Ag mineralization and alteration.

The HWY 37 Project is located (Figure 2) within the Stikine terrane of NW British Columbia and is underlain by the Stuhini and Hazelton groups. Mineralization spans porphyry to epithermal deposit types and is related to Early Jurassic Texas Creek Intrusions which are also responsible for mineralization at the Treaty Creek-KSM-Brucejack District. The northeastern part of the project is underlain by Iskut River Formation, which also host the Eskay Creek past producing mine and are favourable for VMS mineralization. 

Historical work on the project has delineated three advanced deposits with several other targets and anomalies at earlier stages of exploration.  Historical drilling on the project has outlined the Mary porphyry, with 13,506 m of drilling, and Williams porphyry, with 6095 m of drilling. Mary and Williams porphyries are both open in multiple directions and show distinct similarities with porphyry systems along the KSM-Treaty porphyry belt. The Hank Au-Ag epithermal deposit has seen 21,623 m of exploration drilling, albeit mostly focused within a small area within the larger 6 x 3 km gold-silver anomaly. Drilling at Hank has mostly been confined to shallow depths (<200m).

The footprint of alteration on the project is at a similar scale to the Treaty-KSM-Brucejack district (Figure 3), although exploration maturity is much younger at HWY 37.

Mary Porphyry

The Mary Porphyry (Figure 4) was first worked in 1963 and was most recently drilled in 2019. The porphyry deposit crops out on the north and northeast slopes of a relatively flat-topped mountain. Cu-Au patterns at Mary define marked low angle trends open along trend (Fig. 4). Although unusual globally, this unique low angle Cu-Au trend is common to porphyry systems in the region, such as the Goldstorm (Treaty) and Sulphurets (KSM) deposits. Historical drilling was confined to a small percentage of the Mary porphyry footprint and has not focused on low angle ore geometries. Along the Cu-Au trends at Mary is a ~1500 m gap in drilling extending to the Cliff showing with an untested chargeability anomaly at depth (Fig 4). The Mary Porphyry footprint spans 6 x 6 km and is cored by an untested chargeability anomaly. The dimensions of this footprint are characteristic of multiple, coalesced porphyry centres and are likely too laterally extensive to be caused by the Mary deposit alone. The area is fully permitted, and the Company is planning to complete a program of detailed mapping, geophysics, and step out drilling to test a much larger area than was historically drilled.

Williams Porphyry

The Williams Porphyry (Figure 5) was discovered by Golden Ridge Resources Ltd. (TSX.V: GLDN) (“Golden Ridge”) in 2017 and drilled from 2018-2019. Potassic alteration crops out at surface and mineralization has been traced to a depth of ~550 m. A large continuous chargeability anomaly extends from the area of drilling to the east and southeast for over 1.5 km and is yet to be drill tested. The Williams Porphyry is considered to be the high-level porphyry feeder to the Hank Au-Ag epithermal system although based on the 6 km lateral extent to the epithermal system, it is likely that more porphyry centers exist in this area. Future drilling at Williams will focus on defining the limits of the system and vectoring towards a copper-rich core zone. Low angle metal patterns at Williams and the presence of a chargeability anomaly lateral to the Williams porphyry reflect a similar pattern as the Mary deposit and those at KSM and Treaty. These patterns suggest that future drilling will favour lateral, same elevation targeting rather than vertically deeper targets. Permitting is underway with drilling anticipated in 2024.

Hank

The Hank epithermal Au-Ag system was first discovered in 1980 and spans over 6 x 3 km. The epithermal system has seen considerable drilling (21,663m) which has been mostly confined to shallow depths (<200m). The majority of drilling has focused on bed-parallel shallow targets with limited testing for structural feeders and steeper gold zones. The most recent drilling at Hank (2017-2019) tested deeper holes and intercepted higher grades than seen before including visible coarse gold. Of the 120 historical diamond drill holes at Hank, all were drilled in a narrow northwest-southeast geometry, and none have targeted the potential for feeders along cross-structures. Future work at Hank will focus on infill drilling across the historical areas of drilling with the goal of producing a complaint resource as well as testing additional targets and exploration concepts throughout the 6 x 3 km trend. Permitting is underway for 2024 drilling.

Summary of Option Agreements

Ball Creek East Project

The Company has entered into a property option agreement (the “Ball Creek East Option Agreement”) with Evrim Exploration Canada Corp., a subsidiary of Orogen Royalties Inc. (TSX.V: OGN) (“Orogen”), whereby Orogen 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 “Ball Creek East Project” (Figure 2), subject to a 2% net smelter return to be retained by Sandstorm Gold Ltd. (the “Ball Creek East NSR Royalty”) and the right to up to $4,100,000 in milestone payments.

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

• issuing common shares with a value of $300,000 on the date that the TSXV approve the Ball Creek East Option Agreement;
• issuing additional common shares with a value of $400,000 on or before the date which is the 1^st anniversary of the Effective Date;
• issuing additional common shares with a value of $500,000 on or before the date which is the 2^nd anniversary of the Effective Date;
• issuing additional common shares with a value of $1,000,000 on or before the date which is the 3^rd anniversary of the Effective Date;
• issuing additional common shares with a value of $1,300,000 on or before the date which is the 4^th anniversary of the Effective Date;
• granting a 1% net smelter returns royalty to Orogen in respect of the Company’s Ecstall Property on the Effective Date; and
• in order to maintain the Ball Creek East Option Agreement in good standing until exercised to earn a 100% ownership interest in the Ball Creek East Project, Kingfisher must carry out mining work on the Ball Creek East Project incurring aggregate expenditures of $7,500,000 on or before the 4^th anniversary of the Effective Date.

The Ball Creek East NSR Royalty may be bought down by Orogen at any time by one half with a cash payment of $1,000,000.

Hank Project

The Company has entered into a property option agreement (the “Hank Option Agreement”) Golden Ridge whereby Golden Ridge 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 “Hank Project” (Figure 2), subject to a 3% net smelter return to be retained by Orogen (the “Hank NSR Royalty”) and the right to US$2,500,000 in milestone payments by Golden Ridge.

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

• cash payment of $25,000 and issuing common shares with a value of $75,000 on the date that the TSXV approve the Hank Option Agreement;
• issuing additional common shares with a value of $150,000 on or before the date which is the 1^st anniversary of the Effective Date;
• issuing additional common shares with a value of $300,000 on or before the date which is the 2^nd anniversary of the Effective Date;
• cash payment of $100,000 and issuing additional common shares with a value of $1,000,000 on or before the date which is the 3^rd anniversary of the Effective Date;
• cash payment of $125,000 and issuing additional common shares with a value of $1,475,000 on or before the date which is the 4^th anniversary of the Effective Date; and
• in order to maintain the Hank Option Agreement in good standing until exercised to earn a 100% ownership interest in the Hank Project, Kingfisher must carry out mining work on the Hank Project incurring aggregate expenditures of $3,000,000 on or before the 4^th anniversary of the Effective Date.

Pursuant to the Hank NSR Royalty, 1% may be purchased by Golden Ridge at any time with a cash payment of US$3,000,000. Also, if the Company acquires earn a 100% ownership interest in the Hank Project, then Sandstorm will be entitled to a 2% net smelter return on the Hank Project, which may be bought down by the Company by one half with a cash payment of $1,000,000.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has  103,057,272 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director

Phone: +1 778 606 2507
E-Mail: [email protected]   

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

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: formulation of plans for drill testing; and the success related to any future exploration or development programs.

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

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks related to the COVID-19 pandemic; fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mineral exploration; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

VANCOUVER, British Columbia, February 22, 2023 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) announces drill results from the 100% owned 511 km² Goldrange Project. Goldrange is located approximately 25 km south of the town of Tatla Lake in the Chilcotin region of Southwest British Columbia.

Highlights

• Diamond drilling at eastern Cloud Drifter Zone intercepted anomalous near surface gold mineralization over 400 m of strike including 1.93 g/t over 25 m from 32 m.

• The Cloud Drifter Zone’s Pad 400 Area continues to return high grade intercepts that infill previous gaps between diamond drill holes such as 15.17 g/t Au over 1 m and 10.49 g/t Au over 1 m.

• Several mineralized shear zones were identified at Langara Zone through diamond drilling including 9.45 g/t Au over 1 m and 7.26 g/t Au over 1 m.

• A new style of polymetallic sulfide breccia was intercepted at Langara returning 7.41 g/t Au, 81.90 g/t Ag, 0.23 % Cu, 2.22 % Pb, and 7.63 % Zn over 0.5 m.

• The RAB drill at Langara Zone located the historical Langara adit in hole GRR22-033 where the hole graded 1.3 g/t Au over 7.6 m and bottomed in a void.

• Deep penetrating IP survey in Cloud Drifter Zone identified two large intense chargeability anomalies at depth.

Dustin Perry, CEO of Kingfisher, states “Drilling in 2022 at the Cloud Drifter Trend identified a large hydrothermal gold system stretching close to 3 km in length. Drilling identified corridors where gold grades are markedly increased and likely represent the tops of feeder zones to the hydrothermal system. The IP survey in the eastern Cloud Drifter Zone shows two large intense chargeability anomalies at depth – one below the area of drilling and another below the historical Standard adit. These anomalies represent high priority drill targets.”

The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project. Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is host to the Bridge River District that includes the past-producing Bralorne Mine. Several areas of historical hand mining are located within the project that date back to the 1930s.

The 2022 drill program (Figure 1) at the Goldrange Project was designed to follow up on the initial 2021 program as well as test a much broader area across the Cloud Drifter Trend. The 23 diamond drill holes (Tables 1-4) and six RAB drill holes (Tables 5 and 6) of the 2022 program included within this release are located at the Langara Zone of the Cloud Drifter Trend soil anomaly.

Cloud Drifter Zone Drill Results

Pad 400 Target

Ten drill holes (Figure 2) were completed at the Pad 400 target, with the results from six of those drill holes previously released, and with four included in this release.  The four holes included in this release (Table 1 and 2) were completed from a single drill pad and included highlight intercepts from of 15.17 g/t Au over 1 m (Figure 4) and 10.49 g/t Au over 1 m.

Eastern Target

Ten drill holes (Figure 3) were completed at the Eastern Target totalling 1986 m.  Drilling was completed from four drill pads covering 400 m in strike length.  Drilling consistently intercepted shallow broad zones of low-grade gold mineralization with a highlight intercept returning 1.9 g/t Au over 25 m (Figure 5) from 32 m depth.  Drill collar information and intercepts are found within Table 1 and 2. 

Table 1: Diamond Drill Collars (NAD 83 – Zone 10), Cloud Drifter Zone

Hole	Easting (m)	Northing (m)	Elevation (m)	Depth (m)	Azimuth	Dip
GR22-021	388953	5705970	1450	200.3	130	55
GR22-022	388944	5705922	1478	145.1	322	56
GR22-028	388944	5705922	1478	202.4	323	71
GR22-029	388944	5705922	1478	297.2	22	56
GR22-031	388858	5705887	1492	246.9	50	55
GR22-032	388858	5705887	1492	237.1	320	65
GR22-034	388858	5705887	1492	223.0	320	85
GR22-036	388709	5705912	1464	146.1	311	56
GR22-038	388709	5705912	1464	150	301	76
GR22-039	388709	5705912	1464	137.5	30	55
GR22-040	388529	5705815	1508	223	234	77
GR22-041	388529	5705815	1508	198	333	86
GR22-042	388529	5705815	1508	202.6	238	85
GR22-043	388529	5705815	1508	250.7	232	70

Table 2: Diamond Drill Highlights, Cloud Drifter Zone

Hole	From (m)	To (m)	Interval (m)	Au g/t	Ag g/t	Cu %
GR22-021	no significant intercepts
GR22-022	28.0	67.0	39.0	0.36	–	–
incl.	28.0	51.0	23.0	0.45	–	–
GR22-028	34.4	39.4	5.0	0.45	–	–
GR22-028	44.4	49.4	5.0	0.31	–	–
GR22-028	119.4	121.4	2.0	0.41	–	–
GR22-029	24.2	34.2	10.0	0.28	–	–
GR22-031	27.0	41.0	14.0	0.26	–	–
GR22-031	94.0	109.0	15.0	0.21	–	–
GR22-031	129.0	130.0	1.0	2.67	–	–
GR22-032	32.0	57.0	25.0	1.93	–	–
incl.	34.0	43.0	9.0	4.18	–	0.13
incl.	40.0	41.0	1.0	24.57	23.27	0.65
and	54.0	56.0	2.0	3.77	–	–
GR22-032	90.0	111.0	21.0	0.31	–	–
incl.	99.0	100.0	1.0	3.52	–	–
GR22-034	27.0	45.0	18.0	0.33	–	–
incl.	37.0	42.0	5.0	0.85	–	–
GR22-034	50.0	51.0	1.0	0.58	–	–
GR22-034	92.0	94.0	2.0	1.94	–	–
GR22-034	98.0	113.0	15.0	0.61	–	–
GR22-034	104.0	105.0	1.0	6.99	14.20	0.13
GR22-034	132.0	142.0	10.0	0.24	–	–
GR22-034	156.0	157.0	1.0	0.81	–	–
GR22-036	41.0	84.0	43.0	0.32	–	–
incl.	53.0	60.0	7.0	0.89	–	–
GR22-038	46.0	65.0	19.0	0.54	–	–
incl.	56.6	65.0	8.4	0.97	–	–
GR22-039	41.0	56.0	15.0	0.17	–	–
GR22-040	169.0	171.0	2.0	3.63	–	–
Incl.	169.0	170.0	1.0	6.42	–	–
GR22-041	152.0	157.0	5.0	3.75	–	0.11
incl.	155.0	156.0	1.0	15.17	15.17	0.37
GR22-042	172.0	176.0	4.0	2.68	–	–
incl.	172.0	173.0	1.0	10.49	–	–
GR22-042	182.0	192.0	10.0	0.71	–	0.12
incl.	187.0	188.0	1.0	4.43	14.61	0.78
GR22-043	129.0	135.0	6.0	0.35	–	–
GR22-043	230.0	232.0	2.0	0.85	–	–

­*True widths are not known at this time. All widths reported are drilled widths. Values <10 g/t Ag, <0.1% Cu, Pb and Zn not displayed

Langara Zone Diamond Drill Results

Diamond drilling at the Langara Zone was completed from one pad location near the top of the ridgeline.  Four holes were completed over 1594 m.  Drill hole GR22-030 was aimed towards the location of the historical adit and failed to hit similar mineralization with a highlight of 3.96 g/t Au, 60.22 g/t Ag and 0.63% Cu over 1 m. 

GR22-033, -035, and -037 were completed to test for down dip extensions of a vein outcrop at surface on the eastern slopes of the Langara Zone.  Sulfide breccia (Figure 8), narrow veins, as well as a 12 m wide deformation zone (Figure 9) were intersected.  Collar information and highlight intercepts are found within Table 3 and 4 below.  Highlight intercepts are displayed on Figure 6 and 7.

­­ Table 3: Diamond Drill Collars (NAD 83 – Zone 10), Langara Zone

Hole	Easting (m)	Northing (m)	Elevation (m)	Depth (m)	Azimuth	Dip
GR22-030	390266	5705334	1891	505.0	307	58
GR22-033	390266	5705334	1891	362.0	25	45
GR22-035	390266	5705334	1891	353.0	25	53
GR22-037	390266	5705334	1891	374.0	25	62

Table 4: Diamond Drill Highlights, Langara Zone

Hole	From (m)	To (m)	Interval (m)	Au g/t	Ag g/t	Cu %	Pb %	Zn %
GR22-030	207.0	208.0	1.0	3.96	60.22	0.63	–	–
GR22-033	157.0	158.0	1.0	3.74	17.99	0.10	0.18	–
GR22-033	202.0	205.0	3.0	3.28	–	–	–	–
incl.	204.0	205.0	1.0	9.45	25.17	0.10	–	–
GR22-033	321.3	321.8	0.5	7.41	81.90	0.23	2.22	7.63
GR22-035	154.0	156.1	2.1	1.22	–	–	–	–
GR22-035	195.0	197.0	2.0	3.71	–	–	–	–
Incl.	196.0	197.0	1.0	7.26	–	–	–	–
GR22-035	322.0	330.0	8.0	0.93	–	–	–	0.12
Incl.	322.0	326.0	4.0	1.80	11.94	–	0.11	0.24
GR22-037	360.9	363.0	2.0	0.59	–	–	–	0.26

*True widths are not known at this time. All widths reported are drilled widths. Values <10 g/t Ag, <0.1% Cu, Pb and Zn not displayed

Langara Zone RAB Drill Results

Six RAB drill holes were completed from one drill pad with the goal of intercepting the historical Langara adit as well as testing sheeted sulfide veins in the area of the pad.  GR22-033 intersected the adit at 9.14 m and was unable to advance any further. 

Table 5: RAB Drill Collars (NAD 83 – Zone 10), Langara Zone

Hole	Easting (m)	Northing (m)	Elevation (m)	Depth (m)	Azimuth	Dip
GRR22-033	390144	5705445	1767	9.1	240	55
GRR22-034	390144	5705445	1767	89.9	240	65
GRR22-035	390144	5705445	1767	88.4	197	57
GRR22-036	390144	5705445	1767	77.7	55	60
GRR22-037	390144	5705445	1767	71.6	30	60
GRR22-038	390144	5705445	1767	62.5	330	60

Table 6: RAB Drill Highlights, Langara Zone

Hole	From (m)	To (m)	Interval (m)	Au g/t	Ag g/t	Cu %	Pb %	Zn %
GRR22-033	0	7.6	7.6	1.30	29.39	0.26	–	–
GRR22-034	No significant intercepts
GRR22-035	0	4.6	4.6	0.28	–	–	–	–
GRR22-036	No significant intercepts
GRR22-037	No significant intercepts
GRR22-038	No significant intercepts

*True widths are not known at this time. All widths reported are drilled widths. Values <10 g/t Ag, <0.1% Cu, Pb and Zn not displayed

Cloud Drifter Geophysical Survey Results

Seven line-km of IP-resistivity surveying was completed on the eastern portion of the Cloud Drifter Zone over five separate lines. Two of the five lines were surveyed at wider spacings to allow for deeper penetration. Line 1450, presented in Figure 10, is one of the deeper penetrating lines, and delineates two significant IP anomalies. One of the IP anomalies is centered at depth below the GR22-036, -038, and -039. The other IP anomaly lies under the Standard Zone, which was hand mined historically, and is where Kingfisher backpack drilled 6.9 m of 10.84 g/t Au during their 2020 exploration program.

About RAB Drilling

Kingfisher is using RAB drills as a cost effective and efficient first pass exploration tool. The RAB is a heli-portable, track mounted drill that can drill a wide range of dips (50-90°) to depths of up to 100 meters. Rock cuttings from the drill hammer are returned to surface between the outside of the rods and the open hole. Under certain conditions, cross contamination between samples is a concern. The assay results from the RAB drill provide a strong indication of the grade and thickness of gold intercepted in a given hole. Kingfisher intends to follow up encouraging RAB assay results with a diamond drill to fully quantify the grade and thickness of these mineralized intercepts.

Quality Assurance/Quality Control (QAQC)

All diamond drillholes in this release are NQ sized (47.6 mm diameter). A continuous series of one-metre-long half-split core samples was taken down the entire length of each drill hole. Sample lengths were reduced to a minimum of half a meter to avoid crossing lithologic contacts or other features deemed important by Kingfisher geologists.

Unlabelled certified reference materials (CRM) were inserted systematically throughout the sample sequence along with blanks and duplicate samples. In addition to the systematic insertion of duplicates, duplicates were also collected from conspicuously mineralized samples. Half-split core samples for duplicates were further split into quarter core samples before submission for analysis. Upon receipt of duplicate analyses, the results from each of the quarter cores were averaged before integration into the assay database. The total number of blanks, duplicates and CRM samples equals approximately 5% of the total samples taken.

RAB drill holes at the Goldrange Project are NWJ sized (2 5/8”). Samples are collected continuously from surface from each 5 ft (1.52 m) rod length. Collected sample material is put through a 1:8 riffle splitter, with the smaller portion of the sample bagged to be sent to the lab for Au Chrysos PhotonAssay^TMand Au Fire Assay checks. Certified reference materials and blanks are inserted into the sample sequence every 20^th sample. Duplicates were collected from every 40^th sample by running the 7:8 reject material through the riffle splitter again, and collecting the 1:8 split for submission to the lab. The total number of blanks, duplicates and CRM samples equals approximately 5% of the samples submitted to the lab for analysis.

Core samples were shipped to MSALABS, located in Langley, British Columbia for preparation and analysis. MSALABS is an ISO17025 and ISO9001 accredited laboratory and is independent of Kingfisher Metals and its Qualified Person. Drill core and RAB samples were prepped using the SPL430, CRU-220 and analyzed for 48 major and trace elements with ICP-MS after a four-acid digestion (method code IMS-230). Following sample preparation, a 500 g split from each sample was sent to MSALABS Val-D’Or location for Au analysis using Chrysos PhotonAssay^TM (method code CPA-Au1). Selected samples were also subjected to Au fire assay and gravimetric check assays. A 30 g split from each check assay sample was analyzed for Au using a lead collection fire assay fusion that was digested and analyzed using AA (method code FAS-111). A 30g split from the check assay samples that assayed >10 ppm Au was analyzed using a lead collection fire assay fusion with a gravimetric finish (method code FAS-415).

Qualified Person

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has  103,057,272 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 778 606 2507

E-Mail: [email protected]   

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

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: formulation of plans for drill testing; and the success related to any future exploration or development programs.

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

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks related to the COVID-19 pandemic; fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mineral exploration; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

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VANCOUVER, British Columbia, January 10, 2023 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) announces drill results from the 100% owned 511 km² Goldrange Project. Goldrange is located approximately 25 km south of the town of Tatla Lake in the Chilcotin region of Southwest British Columbia.

Highlights

• The Western Target Area has limited surface exploration due to steep terrain and returned up to 2 m of 4.4 g/t Au

• The highest concentration and grade of intercepts in the Western Target Area appear to vector to the Pad 400 Target Area, with a more than 200 m gap in drilling

• Similar to other drilled regions of the Cloud Drifter Trend, broad anomalous gold was intercepted often centered on focused high-grade structures

Dustin Perry, CEO states “Drilling of the Western Target Area returned anomalous gold mineralisation that increases in strength towards the center of the soil anomaly where our best results have come to date.  We await results from the Eastern Target Area, the Langara Zone, and the four final holes of the program drilled near the highlight intercept of 2.9 g/t Au over 40 m in GR22-018.”

The Goldrange Project covers a significant deformation zone with numerous precious metal veins across the project. Mineralization at Goldrange occurs within the orogenic Yalakom Gold Belt, which is host to the Bridge River District that includes the past-producing Bralorne Mine. Several areas of historical hand mining are located within the project that date back to the 1930s.

The 2022 drill program (Figure 1) at the Goldrange Project was designed to follow up on the initial 2021 program as well as test a much broader area across the Cloud Drifter Trend. The five drill holes of the 2022 program (Tables 1 and 2) included within this release are located at the western boundary of the Cloud Drifter Trend soil anomaly. Remaining drill hole results from the Cloud Drifter and Langara zones are pending.  

Western Target Area

Drill holes at the Western Target Area, located 200-400 m west of the Pad 400 Target Area, focused on domains of high multi-element soil geochemical anomaly coupled with a coincident conductivity and chargeability anomaly. Geological mapping in 2020 identified an Fe-oxide alteration body uphill of this soil anomaly that contains Fe-oxide veins interpreted to reflect the reaction of sulfide minerals with meteoric water and air. The Western Target Area has seen little exploration to date due to the steep nature of the terrain.

Highlight intercepts from the Western Target Area are listed in Table 1 and plotted on Figure 2.

­­

Hole	From (m)	To (m)	Interval (m)	Au g/t
GR22-023	84.5	86.5	2	1.36
GR22-023	131.3	131.8	0.5	1.57
GR22-024	64.5	75.5	11	0.34
GR22-024	89.5	94.5	5	0.52
GR22-025	47	67	20	0.30
GR22-025	213	218	5	0.41
GR22-026	78	79	1	2.49
GR22-026	112	114	2	1.34
GR22-026	246	247	1	2.15
GR22-026	315	318	3	0.91
GR22-026	350	357	7.1	1.55
incl.	350	352	2	4.37
GR22-027	no significant intervals

­*True widths are not known at this time. All widths reported are drilled widths.

Table 1: Highlight Drill Intercepts, Western Target Area

Hole	Easting (m)	Northing (m)	Elevation (m)	Depth (m)	Azimuth	Dip
GR22-023	388185	5705655	1572	252	354	57
GR22-024	388257	5705646	1583	285	333	54
GR22-025	388257	5705646	1583	348	333	74
GR22-026	388122	5705481	1700	502	30	56
GR22-027	388122	5705481	1700	498	300	55

Table 2: Diamond Drill Collars (NAD 83 – Zone 10)

Exploration Update

A total of 29 diamond drill holes, over 7,545 m, have been completed in the Cloud Drifter Trend. Drilling at the Western Target Area included 5 holes over 1,884 meters and drilling at the Eastern Target Area included ten holes over 1,986 meters. Drilling at the Pad 400 Target Area included 2,082 m over 10 holes. Four drill holes at the Langara Zone have been completed over 1,594 meters. Results are pending for the Eastern Target Area, the Langara Zone, and four remaining holes at the Pad 400 Target Area.

Deep penetrating induced polarization (IP) geophysical surveys were completed at the Eastern Target Area at the Cloud Drifter Zone as well as at the Day Trip Zone. These surveys expand both the lateral and depth extents from previous survey coverage. Geophysical and RAB drill results will be released once final data is received.

Quality Assurance/Quality Control (QAQC)

All drillholes in this release are NQ sized (47.6 mm diameter). A continuous series of one-metre-long half-split core samples was taken down the entire length of each drill hole. Sample lengths were reduced to a minimum of half a meter to avoid crossing lithologic contacts or other features deemed important by Kingfisher’s geologists.

Unlabelled certified reference materials (CRM) were inserted systematically throughout the sample sequence along with blanks and duplicate samples. In addition to the systematic insertion of duplicates, duplicates were also collected from conspicuously mineralized samples. Half-split core samples for duplicates were further split into quarter core samples before submission for analysis. Upon receipt of duplicate analyses, the results from each of the quarter cores were averaged before integration into the assay database. The total number of blanks, duplicates and CRM samples equals approximately 5% of the total samples taken.

Core samples were shipped to MSALABS, located in Langley, British Columbia for preparation and analysis. MSALABS is an ISO17025 and ISO9001 accredited laboratory and is independent of Kingfisher and its Qualified Person. Samples were prepped using the SPL430, CRU-220 and analyzed for 48 major and trace elements with ICP-MS after a four-acid digestion (method code IMS-230). Following sample preparation, a 500 g split from each sample was sent to MSALABS Val-D’Or location for Au analysis using Chrysos PhotonAssay^TM (method code CPA-Au1). Selected samples were also subjected to Au fire assay and gravimetric check assays. A 30 g split from each check assay sample was analyzed for Au using a lead collection fire assay fusion that was digested and analyzed using AA (method code FAS-111). A 30g split from the check assay samples that assayed >10 ppm Au was analyzed using a lead collection fire assay fusion with a gravimetric finish (method code FAS-415).

Qualified Person

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

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 103,057,272 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 778 606 2507

E-Mail: [email protected]   

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

Cautionary Note Regarding Forward-Looking Statements

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: formulation of plans for drill testing; and the success related to any future exploration or development programs.

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

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks related to the COVID-19 pandemic; fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mineral exploration; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mineral exploration; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

VANCOUVER, British Columbia, December 15, 2022 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to announce the results from its annual general meeting of shareholders (the “Meeting”) held today in Vancouver, British Columbia. Shareholders voted as follows on the matters before the Meeting.

Election of Directors

All five (5) of the nominees listed in Kingfisher’s management information circular dated November 17, 2022, 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.   

The results of the vote on the election of the directors at the Meeting are as follows:

Nominee	For	% For	Withheld	% Withheld
Dustin Perry	32,315,096	99.92	25,423	0.08
David Loretto	32,198,525	99.56	141,994	0.44
Giuseppe (Pino) Perone	32,313,525	99.92	26,994	0.08
Chris Beltgens	32,329,686	99.97	10,833	0.03
Richard Trotman	32,181,686	99.51	158,833	0.49

Appointment of Auditors

Shareholders reappointed 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, and amendments thereto, were approved by shareholders with 99.95% of shares represented at the Meeting voting in favour.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 103,057,272 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director

Phone: +1 236 358 0054
E-Mail: [email protected]   

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

Cautionary Note Regarding Forward-Looking Statements

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