Mr. Dustin Perry reports

KINGFISHER PROVIDES EXPLORATION UPDATE AT HWY 37 PROJECT, GOLDEN TRIANGLE

Kingfisher Metals Corp. has provided an update on the 2025 exploration program at the HWY 37 project. The 849-square-kilometre HWY 37 project is located within the Golden Triangle, British Columbia.

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

Summary of work completed to date:

• 6,850 metres of drilling:
  • HW-25-001, -002, -003, -004 and -006 have been sent to the Bureau Vertitas lab for assay (currently logging the remainder).
• 84 person days of mapping;
• Greater than 750 soil samples;
• Greater than 650 surface rocks samples;
• 30.7 line kilometres of IP geophysics;
• 1,750 line km (covering about 319 square km) of airborne mobile magneto tellurics (MMT) geophysical survey;
• Light detection and ranging (lidar) survey covering 256 square km.

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

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

Williams Area drilling

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

HW-25-008

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

Summary:

• Zero to 157 m: potassic alteration with varying amounts of chalcopyrite plus or minus bornite;
• 157 to 253 m: felsic stratigraphy with low sulphide and trace chalcopyrite concentrations;
• 253 to 810 m: potassic alteration in mixed monzonite and wall rock with variable chalcopyrite plus or minus bornite.

810 to 893 m: flanking alteration of epidote-magnetite-K-feldspar, low relative chalcopyrite and increase in pyrite.

HW-25-009

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

HW-25-010

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

Summary:

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

Upper Hank drilling

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

Preliminary summary of HW-25-006:

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

Lower Hank drilling

Hole HW-25-011 is currently drilling at the Lower Hank porphyry target with a collar azimuth of 174 degrees and a dip of negative 65 degrees. This is a redrill hole HW-25-007, which was lost to equipment issues at 192 m. The hole is projected to intersect a steep quartz-sericite-pyrite-carbonate structure mapped on surface (greater than 5 per cent Py) at 200 m drill hole depth. The projection of the low-angle plunge of Au-Ag mineralization in the historical LAZ drill holes projects to about 200 to 250 m depths of the planned hole. Below 250 m, the hole is projected to pass into the chargeability anomaly (greater than 25 millivolts per volt) and will test for a porphyry body at a comparable elevation with the Williams deposit.

Regional exploration update

The airborne electromagnetic (MMT) survey is complete covering an area of 319 square km. Induced polarization (IP) geophysics is also complete with a total of 30.7 line kilometres surveyed. Additionally, a light detection and ranging (lidar) survey covering 256 square km over the Hank-Williams-Mary area has been completed to further assist with structural modelling.

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

Qualified person

Dustin Perry, PGeo, Kingfisher's chief executive officer, 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 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-square-kilometre HWY 37 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 88,661,810 shares outstanding.

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