Mr. Dustin Perry reports

KINGFISHER METALS EXPLORATION UPDATE

Kingfisher Metals Corp. has provided an update on the progress of its fully financed 2026 exploration program at the HWY 37 and Forrest Kerr projects, located in the Golden Triangle of British Columbia. Field crews mobilized in late May, and drilling commenced in June with three diamond drills currently active in the Hank-Mary district, supported by regional soil sampling, geophysical surveys and surface exploration.

Since the start of the season, the company has drilled more than 4,500 metres in seven drill holes across the Hank porphyry-epithermal targets and the Cash porphyry target. Four holes have been completed, and three are actively drilling. Assay samples have not yet been returned from the laboratory for any 2026 drilling; the descriptions below are based on visual observations of drill core and have not been verified by assay.

Highlights:

• Seven drill holes completed to date totalling more than 4,500 m;
• HW-25-012 (completed -- 884 m), HW-25-015 (continuing), HW-25-016 (continuing), HW-25-017 (continuing) are testing the Hank porphyry target;
• An attempt was made to re-enter HW-25-0112 at the start of the program but the hole was abandoned at 983.5 m due to difficult drilling conditions (24.5-metre extension);
• HW-25-013 (completed -- 406 m) tested a potential structural feeder to the Pits area of historical drilling;
• HW-25-014 (completed -- 652 m) tested the Cash porphyry target;
• 2,452 soil geochemical samples have been taken within the Hank-Mary district as well as at the Mess Creek target;
• IP (induced polarization) surveys have been continuing since mid-July and airborne MMT (mobile magnetotelluric) surveys are expected to commence this week;
• Geological mapping has been completed within the Hank area.

Dustin Perry, president and chief executive officer of the company, stated: "The drill program is well under way at HWY 37 with multiple styles of mineralization tested. We are ahead of the drills with pad building and are set to continue testing the Hank porphyry copper-gold, Hank intermediate-sulphidation and high-sulphidation gold-silver targets, as well as initial tests at the Flats area and following up at the Cash target. We are encouraged so far by the diversity of alteration and mineralization seen, which is indicative of a large hydrothermal system at the greater Hank area."

Preliminary summary of drilling

HW-25-011 (re-entry)

Visual observations of mineralization indicate that porphyry alteration and mineralization continues from 959 m to end of hole (EOH) (983.5 m), similar to what was previously seen in HW-25-011. Difficult drilling conditions prevented further advancement of the hole past this point.

HW-25-012 (complete -- 884 m)

The drill hole was collared approximately 350 m northeast from the HW-25-011 collar. The hole was designed to test the northern boundary of the mineralization observed in HW-25-011. Drilling intersected a structural zone of elevated sphalerite and galena between 57 and 219 m depth. After this, it transitioned into a zone of quartz-chlorite-pyrite stockwork and sheeted quartz veins from 554 m to 648 m depth, followed by intense quartz-sericite-pyrite alteration to EOH and is interpreted to be porphyry flanking.

HW-25-013 (complete -- 406 m)

The drill hole was designed to test a new interpretation that the Pits epithermal gold-silver mineralization is fed by steeply dipping easterly structure. The hole collared approximately 330 m east of the Pits area and approximately 370 m north of HW-25-006, which returned 110 m of 0.47 gram per tonne gold. Drilling crossed a structural zone from near surface to the EOH. Shallow extents of the structure include concentric sooty pyrite-silica lined clasts of cockade breccia and deeper extents include sooty pyrite-cement breccia, carbonate-pyrite veins and breccia, fault gauge, and cataclasite. Additional pads have been built in this area and further drilling will be completed this season to test for additional potential feeder structure targets.

HW-25-014 (complete -- 652 m)

The Cash target was tested with an initial drill hole to test for a possible porphyry system related to a large, greater-than-30-millivolt-per-volt chargeability body. From 9.3 m to EOH, drilling intersected multiple newly identified stocks of diorite to syenite porphyry with vein and disseminated pyrite-hematite-magnetite alteration interpreted as a porphyry-flanking position. The hole is approximately 800 m north-northeast of HW-25-013 and will be followed up with additional drilling.

HW-25-015, HW-25-016 and HW-25-017 (currently drilling)

The three drills are currently testing the Hank porphyry target with the goal of determining the geometry of the porphyry alteration and mineralization. All three drills are currently drilling, and additional holes are planned for this area once the current holes are completed. HW-25-015 intersected a new observed style of massive to semi-massive sulphide vein. The vein interval extends from 462.45 to 470.8 m (8.35 m), interrupted by one m of silica alteration monzonite. The vein contains sphalerite/pyrite/chalcopyrite/galena/carbonate/quartz. Below this, from 470.8 m to 506 m is a hydrothermal interval with pyritic silica-cement breccia, silica flooding, and local galena and sphalerite in much lower concentrations than in the massive-sulphide-rich vein. More detail will be given on HW-26-015, HW-26-016 and HW-26-017 after the core has been logged sampled and sent for assay.

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. Visual descriptions of drill core mineralization and alteration referenced in this news release are preliminary in nature. Mineralization cannot be quantified and true widths cannot be determined until assay results are received and reviewed.

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, 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-kilometre HWY 37 project and 202-square-kilometre Forrest Kerr 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 156,302,063 shares outstanding.

We seek Safe Harbor.