Mr. Dustin Perry reports

KINGFISHER ANNOUNCES COMMENCEMENT OF 2026 EXPLORATION PROGRAM AT HWY 37 AND FORREST KERR PROJECTS, GOLDEN TRIANGLE

Kingfisher Metals Corp. has commenced its fully financed 2026 exploration program at the HWY 37 and Forrest Kerr projects, located within the Golden Triangle of British Columbia. The 2026 program is anchored by a 15,000-metre, three-rig diamond drill campaign designed to test priority porphyry Cu-Au (copper-gold) and epithermal Au-Ag (gold-silver) targets, as previously disclosed in the company's news releases. The first drill is now on site at the HWY 37 project, with the first hole of the 2026 program expected to be collared within the next one to two days at the Hank porphyry Cu-Au target area, which hosts discovery hole HW-25-011 that returned 425 m of 0.15 per cent Cu, 0.21 g/t Au and 2.2 g/t Ag (0.40 per cent CuEq (copper equivalent)).

The 2026 program will also include ground-based induced polarization (IP) geophysics in the Hank-Mary district as well as regional target areas, airborne mobile magnetotelluric (MMT) and magnetic surveys covering the entire Forrest Kerr project, expanded lidar (light detecting and ranging) coverage, and a targeted surface mapping and geochemistry campaign across the company's 1,135-square-kilometre Golden Triangle land package.

Dustin Perry, chief executive officer and president, states: "This 15,000 m drill program is the most significant exploration program in Kingfisher's as well as the HWY 37 project areas' history. The 2025 discovery at Hank confirmed HWY 37 project's porphyry copper-gold potential. The 2026 program will focus on stepouts from HW-25-011, extensive drill tests of disseminated and structurally hosted epithermal Au-Ag above the porphyry environment, and additional drilling at untested porphyry Cu-Au targets within the Hank-Mary district. This program has the potential to deliver multiple discoveries across this highly prospective but relatively underexplored district. Additionally, and in keeping with our systematic exploration ethos, we will continue large-scale regional exploration programs across both HWY 37 and Forrest Kerr."

2026 field program under way

Field crews have mobilized to the HWY 37 project site and camp construction is complete. Site preparation, drill pad construction, and predrill wildlife and archaeological surveys are under way.

The first of three diamond drills is on site and is scheduled to commence drilling within the next couple of days at the Hank porphyry Cu-Au target. The second drill is scheduled to arrive on June 25, and the third drill on July 1.

Reconnaissance prospecting and regional stream sediment sampling are scheduled to commence in the latter part of June. Geological mapping is scheduled to begin during the second week of July, with soil sampling starting around the same time. Ground IP geophysics and the airborne MMT and magnetic surveys are scheduled to commence around mid-July.

Drill core will be logged, sampled and submitted for assay on a continuing basis throughout the program. The company anticipates assay turnaround times of approximately six to eight weeks from sample submission, reflecting seasonal lab demand, with potential for further delays. Assay results will be released as soon as they are verified and approved by the company's qualified person.

Qualified person

Technical aspects of this news release have been reviewed, verified and approved by Tyler Caswell, PGeo, vice-president, exploration, of Kingfisher, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Caswell is not independent of the company.

About Kingfisher Metals Corp.

Kingfisher Metals 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 square km HWY 37 project and the 202 square km Forrest Kerr project. Kingfisher also owns (100 per cent) two district-scale orogenic gold projects in British Columbia that total 641 square km. The company currently has 140,198,584 shares outstanding as of the date of this news release.

We seek Safe Harbor.