Mr. Dustin Perry reports

MULTIPLE GEOPHYSICAL DATASETS SUPPORT INCREASED TARGET DIMENSIONS AT HANK COPPER-GOLD DISCOVERY, HWY 37 PROJECT, GOLDEN TRIANGLE

New and updated geophysical inversion data sets support a robust porphyry copper-gold target within Kingfisher Metals Corp.'s Hank Cu-Au (copper-gold) discovery area. Results include a new mobile magnetotellurics (MMT) and magnetic survey with inversions, newly compiled, levelled and merged airborne magnetic data, updated IP chargeability, and direct current (DC) resistivity 3-D inversions, along with new petrographic data from geological thin sections. These new and improved data sets provide Kingfisher with five additional data-layers integrated into a three-dimensional targeting framework. Analysis of these data sets supports the scale and prospectivity of the porphyry Cu-Au discovery at Hank. The Hank discovery is within the 933-square-kilometre HWY 37 project located within the Golden Triangle, British Columbia.

Key highlights:

• The magnetic vector inversion (MVI) model outlines a large alteration footprint, interpreted as magnetite destruction and remanent magnetization, consistent with surface and drill core observations.
• Expanded IP-resistivity surveys reveal a greater-than-two-kilometre-wide anomaly coinciding with the interpreted potassic altered core.
• MMT and DC-resistivity results highlight a significant low resistivity anomaly (below 50 ohm m) over an area of approximately 3.5 by 4.4 km, interpreted as hydrothermal clay alteration related to the Hank system.
• Petrographic analysis of thin sections from hole HW-25-011 show that hydrothermal alteration has destroyed magnetite and reveals high fertility indicators, including bornite and tennantite.

Dustin Perry, chief executive officer and president of Kingfisher, states: "Over the past three years we have systematically explored the Hank area with multiple geophysical, geological, geochemical and spectral surveys. These updated data sets provide even more confidence going into the 2026 field program where we seek to aggressively expand upon the newest Cu-Au porphyry discovery in B.C.'s Golden Triangle."

Summary and discussion

In 2025, Expert Geophysics Ltd. conducted an 1,825.0 line km MMT survey, with data provided to Moombarriga Geoscience for 3-D inversion. Peter E. Walcott & Associates Ltd. completed 22.3 line km of IP-resistivity surveying. The resulting IP-resistivity data, combined with historical and 2024 data, produced a unified 3-D inversion model of resistivity and chargeability for much of the Hank-Williams target area. Hardrock Geophysics Inc. compiled, levelled and merged all historical airborne magnetic data sets within the HWY 37 tenure, which were then used for 3-D magnetic susceptibility and magnetic vector (MVI) inversions.

Integrating geophysical products with diamond drilling, surface geochemistry, geological mapping and petrography enables new targeting insights. By combining and interpreting these data sets within a porphyry-epithermal framework, a cohesive core porphyry target area has been identified. This integration has led to several significant observations:

• A large area of possible porphyry-related magnetite destruction is inferred from magnetic data and surface geology.
  • RTP magnetics show a broad, moderate magnetic response in the Hank area. This zone also appears in other magnetic inversion products and aligns with mapped surface alteration.
  • Other data sets confirm a large volume of altered rock marked by magnetite loss and potential remanent magnetization. Cross sections show the extent of the alteration, with high chargeability highlighting a core target. Drill hole HW-25-011 confirmed significant mineralization matching magnetic, chargeability and resistivity anomalies.
  • Abundant pyrite and sericite at surface and in HW-25-011 support magnetite destruction, including high pyrite-to-chalcopyrite ratios. These features match flanking phyllic alteration.
  • Petrographic and drill core analysis further confirm magnetite destructive sericite-quartz-pyrite alteration assemblages in HW-25-011.
• Figures in the original version of this release show that resistivity sections from the MMT and DC-resistivity surveys outline a broad, low-angle blanket of low-resistivity (conductive) rock. This blanket lies above and to the side of the core target area, which is defined by coincident chargeability and magnetic anomalies.
  • This low-resistivity (conductive) anomaly, clearly mapped in the sections, is interpreted as an area of widespread clay alteration associated with the porphyry-epithermal mineral system.
  • A pronounced, mushroom-shaped conductivity zone marks a fluid pathway in the porphyry-epithermal system.
• Volumes of moderate resistivity lie beneath the low resistivity anomaly in the DC-resistivity sections. These areas are near or overlap the chargeability anomalies. They may be intrusive porphyry stocks that are more resistant than the surrounding clay-altered wall rock.

Hank porphyry petrographic study

Petrographic analysis of the Hank porphyry confirmed complex mineralogy near syn-mineral intrusions and widespread magnetite-destructive alteration. Narrow, syn-mineral intrusions host bornite and tennantite along with chalcopyrite, indicating a fertile system. Electrum is also identified as five- to 10-micron-sized grains near these intrusions, closely associated with copper minerals including bornite, chalcopyrite and tennantite.

Investor relations engagements

The company entered into an investor relations consulting agreement with Adelaide Capital Markets Inc. dated March 1, 2026, for various investor relations services at an aggregate cost of $8,000 per month, payable monthly, subject to acceptance by the TSX Venture Exchange.

The agreement has an initial term commencing March 1, 2026, and ending April 30, 2027, and will automatically renew on a month-to-month basis thereafter unless terminated in accordance with its terms. Adelaide is an arm's-length consultant and was previously granted 35,000 stock options that have fully vested. To the knowledge of the company, both Adelaide and Deborah Honig, president of Adelaide, own shares of Kingfisher. Neither the company nor any of its directors, officers or employees have any interest, directly or indirectly, in Adelaide, or their securities, or any right or intent to acquire such an interest. Adelaide manages a marketing team headquartered in Toronto, Ont., and has been successfully providing services for a broad range of companies listed on the TSX Venture Exchange.

Stock option grant

The company announces the grant of 4,375,000 stock options to certain directors, officers, employees and consultants pursuant to the company's stock option plan. This includes 75,000 stock options granted to Adelaide. The stock options are exercisable for a period of five years at an exercise price of 66 cents per share and will vest over a period of 24 months. The stock options were granted as part of Kingfisher's continuing efforts to attract and retain key personnel and provide long-term performance incentives.

Qualified person

Technical aspects of this news release have been reviewed, verified and approved by Tyler Caswell, PGeo, vice-president of 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, 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 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 133,732,098 shares outstanding.

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