Mr. Dustin Perry reports

KINGFISHER ANNOUNCES ARRIVAL OF SECOND DIAMOND DRILL AT HWY 37 PROJECT; TARGETING HANK PORPHYRY CU-AU

The second of three diamond drills has arrived on site at Kingfisher Metals Corp.'s HWY 37 project, located within the Golden Triangle of British Columbia. The second drill will collar in the Hank porphyry target area, complementing the first drill, which is currently extending drill hole HW-25-011.

The fully financed 2026 program comprises 15,000 metres of diamond drilling at the Hank-Mary district. The program is designed to delineate porphyry copper-gold mineralization observed in discovery hole HW-25-011, test shallow epithermal gold-silver mineralization as well as new discovery targets. The third diamond drill is on track to arrive to site July 1.

Dustin Perry, chief executive officer, stated: "The arrival of the second drill on site brings us closer to our full three-rig program at the Hank-Mary district. With drilling at the Hank porphyry discovery commencing last week and the second drill mobilizing now, our 2026 program is on schedule."

2026 drill program update

The first diamond drill has re-entered the 2025 Hank Porphyry discovery hole (HW-25-011) with the goal of extending mineralization beyond the previously reported intercept of 425 metres of 0.15 per cent copper, 0.21 gram per tonne gold and 2.2 grams per tonne silver (0.40 per cent copper equivalent). The original intercept bottoms in increasing copper grades at 959 metres depth, where potassic alteration is identified and becoming more prevalent.

2026 field program under way

Reconnaissance prospecting and regional stream sediment sampling are scheduled to begin shortly across the HWY 37 project, with geological mapping and soil sampling scheduled to begin during the second week of July. Ground IP geophysics and the airborne mobile magnetotelluric (MMT) and magnetic surveys remain on track to commence around mid-July.

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.

Market-making services

The company has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of $7,500, plus applicable taxes. The agreement between the company and ICP was signed with a start date of June 25, 2026, is for four months, and shall be automatically renewed for subsequent one-month terms (each month called an additional term) unless either party provides at least 30 days of written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities.

ICP is a Toronto-based Canadian Investment Regulatory Organization (CIRO) dealer member that specializes in automated market making and liquidity provision as well as having a proprietary market-making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution and trading, ICP has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

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 the 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 140,301,129 shares outstanding as of the date of this news release.

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