Mr. Dustin Perry reports

KINGFISHER METALS ANNOUNCES C$20 MILLION BOUGHT DEAL FINANCING

Kingfisher Metals Corp. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 5.3 million non-critical charity flow-through common shares, at a price of 94 cents per non-critical charity flow-through share, 9.7 million critical charity flow-through common shares, at a price of $1.04 per critical charity flow-through share, and 7.6 million hard-dollar common shares, at a price of 65 cents per HD share, for total gross proceeds of approximately $20-million. The company has granted the underwriters an option, exercisable at any time up to 48 hours prior to the closing of the offering, to purchase up to an additional 25 per cent of the offering (approximately $5-million).

The offering is expected to close on or about March 3, 2026, and is subject to Kingfisher receiving all customary regulatory approvals.

The gross proceeds raised from the non-critical charity flow-through shares and critical charity flow-through shares will be used to incur qualifying expenditures (defined below) as set forth below under charity flow-through income tax considerations. The net proceeds of the sale of the HD shares will be used for exploration of the company's properties and general corporate purposes.

The company shall use the gross proceeds raised from the non-critical charity flow-through shares and the critical charity flow-through shares to incur, after the closing date and on or prior to Dec. 31, 2026, Canadian exploration expenses (as defined in Subsection 66.1(6) of the Income Tax Act (Canada)) and, in the case of critical charity flow-through shares, such CEE shall also qualify as flow-through critical mineral mining expenditures (as defined in Subsection 127(9) of the Income Tax Act (Canada)).

The offered securities will be offered for sale on a private placement basis in each of the provinces and territories of Canada. The HD shares may be offered in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and internationally as permitted.

About Kingfisher Metals Corp.

Kingfisher 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-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 91,872,852 shares outstanding.

We seek Safe Harbor.