The TSX Venture Exchange has accepted for filing the documentation relating to an option agreement dated Dec. 3, 2025, between an arm's-length party and Kingfisher Metals Corp. Pursuant to the agreement, the issuer will acquire the right to acquire a 100-per-cent interest in 50 mineral tenures located in the province of British Columbia commonly referred to as the Forrest Kerr project, subject to various net smelter returns.

By way of consideration, the company will make cash payments totalling up to $1.2-million in the next 36 months and will provide the optionor with payments of common shares of the company at a deemed price of 18 cents, according to the following schedule: up to 1.5 million shares in the next 12 months.

For further information, please refer to the company's news release dated Dec. 4, 2025.