Kingfisher Reports 8.8 m of 38.50 g/t AuEq Within 27 m of 13.61 g/t AuEq at HWY 37 Project, Golden Triangle

Kingfisher Metals Corp. (TSXV: KFR) (FSE: 9700) (OTCQX: KGFMF) ("Kingfisher" or the "Company") reports that HW-26-015 contained visible gold (Figure 1) and the assay returned 8.8 m of 20.33 g/t Au, 937.6 g/t Ag, 2.98% Cu, 11.08% Zn and 0.99% Pb (38.50 g/t AuEq (1)) from 462.0 m, within a broader zone of 27 m grading 13.61 g/t AuEq (1) (7.33 g/t Au, 322.0 g/t Ag, 1.01% Cu, 4.05% Zn, 0.54% Pb) from 461.0 m to 488.0 m (3) (Table 1). HW-26-015 was designed to test the Hank porphyry Cu-Au target, first identified in drill hole HW-25-011 (2), and intersected a high-grade polymetallic vein containing visible gold on the shoulder of porphyry-style mineralization (Figure 2). This assay result is the first received this season and covers a single 27 m interval within HW-26-015. Standard multi-element assay results for the remainder of the hole are pending. To date this season, 13 diamond drill holes have been completed, and 4 are in progress, for a total of approximately 9,500 m across the Hank-Mary District. Highlights from this release include: Sub-intercept of 8.8 m of 38.50 g/t AuEq (1) Visible gold observed within a high-grade polymetallic (Au-Ag-Cu-Zn-Pb) vein Hydrothermal alteration, veins, and base metal mineralization continue below the reported intercept before transitioning into porphyry alteration and mineralization Visually strongest mineralization (4) at the Hank Porphyry observed to date in HW-26-019 4th diamond drill added to the HWY 37 Project Over 9,500 m drilled in 17 holes, including 4 holes in progress Dustin Perry, CEO and President of the Company, states: "HW-26-015 has returned the best polymetallic intercept drilled to date on the HWY 37 Project with 8.8 meters of 38.50 g/t gold equivalent. Serendipitously intersecting mineralization of this tenor en route to a porphyry speaks to the fertility of the magmatic-hydrothermal system at Hank. Due to glaciation in British Columbia, it is unusual to see such high levels of preservation as we see at the Hank porphyry-epithermal system, with lithocap alteration on the ridges, disseminated gold at surface, and polymetallic veins that transition into porphyry systems at depth. The scale of the alteration system at Hank continues to impress us. Every hole drilled to date has intersected hydrothermal alteration, and while assays are pending, our visual observations suggest we are vectoring toward the higher-temperature core of the Hank porphyry, with the strongest alteration and mineralization yet observed in HW-26-019. With four rigs turning, we continue to test both the shallow and deeper environments of this extensive system, and we look forward to receiving and reporting results from this year's drill program." Figure 1: Visible gold in drill core from HW-26-015 at 464.3 m downhole. VG (visible gold/electrum), cpy (chalcopyrite), sl (sphalerite), gn (galena), qz (quartz), cb (carbonate). Interpreted Ag-Au tellurides and Ag-sulfosalts are also annotated. Scale bars are approximate. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/11630/315105_e0d913c2c48bb9d3_001full.jpg HW-26-015 Overview HW-26-015 was collared to test the Hank porphyry Cu-Au target, first identified in discovery hole HW-25-011, and was not designed to test for vein-hosted precious metal mineralization. The hole intersected a high-grade polymetallic vein containing visible Au (Figure 1) on the shoulder (margin) of porphyry-style mineralization and alteration. The vein returned an 8.8 m interval grading 38.50 g/t AuEq (20.33 g/t Au, 937.6 g/t Ag, 2.98% Cu, 11.08% Zn, 0.99% Pb) within a zone of 27 m grading 13.61 g/t AuEq (7.33 g/t Au, 322.0 g/t Ag, 1.01% Cu, 4.05% Zn, 0.54% Pb) (Table 1). This is the first vein of this style and grade identified within the Hank porphyry target area. An Intact Porphyry-Epithermal System HW-26-015 traversed the Hank system from an epithermal expression ...