Mr. Dustin Perry reports

KINGFISHER METALS REPORTS 234 METERS OF 1.0% COPPER EQUIVALENT, WITHIN 558 METERS OF 0.64% CUEQ AT HWY 37 PROJECT, GOLDEN TRIANGLE, BRITISH COLUMBIA

Kingfisher Metals Corp. has released initial results from the 2025 drilling program at the HWY 37 project. The 849-square-kilometre HWY 37 project is located within the Golden Triangle in British Columbia.

HW-25-004 has returned one of the highest and longest-grade copper-gold intercepts ever completed at the Williams porphyry copper-gold deposit. The drill hole intercepted 557.8 metres of 0.29 per cent copper, 0.30 gram per tonne gold and 1.6 g/t silver (0.64 per cent copper equivalent) (Table 1). Importantly, this hole highlights a body of strong bornite mineralization, demonstrating the potential for additional high-grade porphyry copper-gold deposits at the HWY 37 project. Highlights include:

• HW-25-004: 557.8 metres at 0.64 per cent CuEq from 328.10 metres:
  • Including 234.35 metres at 1.00 per cent CuEq from 328.10 metres.

Dustin Perry, chief executive officer of Kingfisher, stated: "In these initial drill results, we see clear confirmation of our exploration concepts -- consistent vertical grade and expansion of the bornite-rich stockwork. The new data derisks the broader project targets, justifies future drill metres and strengthens our conviction that we're advancing a value-creating asset for shareholders."

HW-25-004 summary

HW-25-004 was collared at 169 degrees and minus-75-degree dip, up slope and north of potassic alteration at Williams. After passing through the Williams thrust fault at 327 metres, the drill cut into copper-bearing potassic alteration. Well-developed potassic alteration with chalcopyrite-bornite-diginite is present from 328 to 805 m downhole, with chalcopyrite-dominant mineralization from 805 to end of hole at 885.9 m. Bornite occurs at surface at the discovery outcrop 1,040-metre elevation and has been intersected in historical drilling down to 480-metre elevation. These new results extend bornite mineralization to 340-metre elevation, or 140 m deeper than previously known. The higher-grade subinterval of 328.10 to 562.45 m is associated with several syn-mineral porphyry phases and elevated copper is best developed in high fracture zones, breccia and higher vein density at the margin to the porphyry contacts. This subinterval is interpreted to be the hot core of the sulphide system, as bornite was greater than chalcopyrite. Bornite-rich cores to porphyry systems are commonly associated with associated elevated gold grades. This is the first intercept of the deeper extents of the bornite-greater-than-chalcopyrite body and the vertical extent of this body is unknown.

Summary of work completed to date:

• Drilling was completed on Sept. 7, 2025, totalling 7,630 m:
  • HW-25-001, -002, -003, -004, -006, -008 and -009 have been sent to the Bureau Veritas (BV) lab for assay (currently logging and sampling HW-25-010 and -011); failed holes HW-25-005 and -007 will not be assayed at this time;
• 84 person days of mapping;
• Greater than 750 soil samples;
• Greater than 650 surface rock samples;
• 30.7 line kilometres of IP (induced polarization) geophysics;
• 1,750 line kilometres (covering approximately 319 square kilometres) of airborne mobile magnetotellurics (MMT) geophysical survey;
• Light detection and ranging (lidar) survey covering 256 square kilometres.

Quality assurance/quality control (QA/QC)

Drilling on site at the HWY 37 project was supervised by on-site Kingfisher personnel, who implemented a full QA/QC program using coarse blanks, pulp blanks, standards and duplicates inserted into the sample stream to monitor analytical accuracy and precision. The samples were sealed on site using tamper-proof seals with unique identifiers. The samples were sent to the BV lab in Vancouver, B.C. BV's quality control system complies with global certifications for quality (ISO/IEC 17025:2017, General requirements for the competence of testing and calibration laboratories). Diamond drill core samples were analyzed using a combination of BV's MA200 process for low-level concentrations (four-acid digestion/ICP-ES/MS) and MA 370 process for higher-level concentrations (four-acid digestion/ICP-ES). Gold assaying was completed using FA430, a 30-gram fire assay with AAS finish. If applicable, base metal overlimits were finalized with titration and gold overlimits were completed with a gravimetric finish. 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 Minerals Projects.

About Kingfisher Metals Corp.

Kingfisher Metals is a Canadian-based exploration company focused on copper-gold exploration in the Golden Triangle in 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 kilometres. The company currently has 88,822,226 shares outstanding.

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