Mr. Dustin Perry reports

KINGFISHER ANNOUNCES CLOSING OF STRATEGIC INVESTMENT FROM BARRICK

Kingfisher Metals Corp. has completed the previously announced non-brokered private placement, resulting in Barrick Mining Corp. subscribing for 15,470,934 units of Kingfisher at a price of $1.35 per unit for gross proceeds to Kingfisher of $20,885,761.

Each unit consisted of one common share of Kingfisher and one-half of a common share purchase warrant. Each warrant has a term of two years and entitles the holder thereof to purchase one share for a price of $1.70 per share.

With the closing of the placement, Barrick now owns 9.9 per cent of the issued and outstanding shares on a non-diluted posttransaction basis and 14.1 per cent of the outstanding shares on a partially diluted posttransaction basis, assuming exercise of all warrants.

The company has agreed with Barrick to use at least 80 per cent of the proceeds from the placement for exploration and development of the HWY 37 project, located in British Columbia, with the balance for general working capital and other purposes.

All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period expiring Nov. 29, 2026, in accordance with applicable securities laws.

In connection with the placement, Kingfisher and Barrick also entered into an investor rights agreement, all as more particularly described in the company's news release dated July 21, 2026.

Advisers

Maxit Capital LP acted as financial adviser to the company. Forooghian + Company Law Corp. acted as legal counsel to Kingfisher, and Davies Ward Phillips & Vineberg LLP and Lawson Lundell LLP acted as legal counsel to Barrick.

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-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 156,272,063 shares outstanding as of the date of this news release.

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