Kingfisher Metals Corp. initiated phase 1 exploration for the 2024 field season at the HWY 37, LGM, and Thibert projects in British Columbia. Highlights: 1,158 line-km ZTEM airborne geophysical survey at HWY 37 and LGM projects starting late June; VRIFY AI machine learning across HWY 37 and LGM projects underway; ZTEM results will see follow-up mapping and IP surveys on priority targets at HWY 37 and LGM; Soil and untill sampling campaign at Thibert Project in June to follow up on prospectivity modeling completed over winter 2023-2024.

HWY 37 Project and LGM Project Summary: The contiguous HWY 37 and LGM projects cover 630 km2 within the prolific Golden Triangle and are host to porphyry, epithermal, and VMS mineralization spanning from the Late Triassic to Mid-Jurassic. The oldest mineralization on the combined projects belongs to the Galore Creek Suite intrusions (Late Triassic) with silica-undersaturated porphyry Cu-Au mineralization at the Grizzly Target. Galore Creek Suite intrusions are also responsible for the world-class Galore Creek deposit (Teck/Newmont) located 50 km to the west.

Historical trenching at Grizzly returned 0.74% Cu and 1.09 g/t Au over 38 m. Texas Creek intrusions (Early Jurassic) are the most widespread intrusive bodies at the project covering over 25 km accompanied by widespread geochemical anomalies and alteration. Mary, Williams, Rainbow, and Hank mineral systems are all related to these intrusive bodies which are also responsible for mineralization in the Sulphurets District (KSM, Treaty Creek, and Brucejack) and the Snip-Iskut District. The Company notes that mineralization on nearby projects or metal districts is not indicative of mineralization on the HWY 37 or LGM projects.

Historical drilling on the HWY 37 Project outlined three porphyry centers and one epithermal center. Williams Cu-Au: The Williams porphyry deposit was discovered from 2017-2019 and is highlighted by intercepts such as 0.39 g/t Au and 0.33% Cu over 346.7 m. Williams sits adjacent to the 6 km-long Hank epithermal Au-Ag deposit and outcrops in the valley bottom with potassic alteration at surface. The increased copper to gold ratios at Williams, situated at a low elevation relative other porphyry targets in the district, demonstrates the potential for higher copper grades at depth across the project.

Williams lies within a Mary Cu-Au: The Mary porphyry deposit is highlighted by intercepts such as 0.48 g/t Au and 0.14% Cu over 291.5 m and 0.54 g/t Au and 0.12% Cu over 430.7 m. Drilling has outlined a mineralized trend measuring 1,300 m by 400 m and is interpreted as the upper levels of a large porphyry Cu-Au system where Au to Cu ratios are high. Mary sits within a 3 km-long IP chargeability anomaly greater than 20 mV/V and is also located within an 8 km-long geochemical anomaly. Rainbow Cu-Au: The Rainbow Cu-Au system outcrops in an area of widespread glacial untill cover draped over outcrop.

Historical drilling returned 0.76 g/t Au and 0.05 % Cu over 91 m from surface. Limited work has been done to identify the source of this mineralization or the lateral extent of the system beneath untill with only 3 drill holes completed in the area. Hank Au-Ag: The Hank epithermal Au-Ag deposit occurs as a 6 km-long trend of epithermal alteration, mineralization, and geochemical anomalies.

Historical drilling has outlined several zones of intermediate to high sulfidation epithermal mineralization ranging from lithocap alteration at the highest elevations to intermediate sulfidation mineralization closer to the valley bottom. Historical intercepts include high-grade intercepts such as 11.63 g/t Au and 13.8 g/t Ag over 20 m, 13.4 g/t Au and 132.4 g/t Ag over 9.1 m, and 133 g/t Au and 263 g/t Ag over 0.8 m. The Company believes there is significant potential to discover high-grade feeder mineralization at Hank given the majority of historical drilling was within 150 m of surface and limited to only one azimuth. Additionally, the Company believes there is potential for discovering a porphyry Cu-Au system at depth below epithermal mineralization.

ZTEM Survey: Geotech Ltd. has been contracted to complete at 1,253 line-km ZTEM survey over the HWY 37 Project. The airborne survey collects deep penetrating electromagnetic and magnetic data which will be used to fingerprint the known areas of mineralization and unlock buried targets across the project. ZTEM surveys have proven to be highly successful in global exploration for porphyry Cu-Au systems and epithermal Au-Ag systems, with examples including at Pebble, Cobre Panama, and Ana Paula.

VRIFY AI: Kingfisher has engaged VRIFY AI to leverage the power of advanced machine learning models to analyze and identify potential mineral targets at the HWY 37 and LGM projects in northwestern British Columbia's prolific Golden Triangle. Through the use of public and proprietary data sets, VRIFY AI utilizes sophisticated machine learning classifiers to create 3D models of potential mineral targets, incorporating probabilistic values to assess the accuracy of these models. This innovative approach enhances the precision of geological targeting, enabling exploration teams to instantly access and apply machine learning as needed.

This allows for more intentional and accurate drilling of known mineral targets while prioritizing exploration targets and discovering previously unidentified mineral prospects. The AI tool ensures unbiased geological targeting and subjective data interpretation, accelerating exploration processes and improving the accuracy of mineral system identification. Data collected during the Phase 1 exploration program will be continuously fed into the machine learning models leading to improved drill targeting.

IP Surveys and Geological Mapping: Focused exploration work including deep penetrating IP geophysics by Peter E. Wallcot and Associates and geological mapping by Dr. Stephanie Sykora will be completed on targets generated from both the ZTEM survey and VRIFY AI. The goal of these surveys will be to derisk targets prior to drilling. Thibert Project Summary: The 130 km2Thibert Project is located approximately 65 km north of Dease Lake, northwest British Columbia and covers an area of significant historical and contemporary placer gold production from Thibert Creek and several tributaries for which the bedrock source has not yet been discovered.

The Thibert Project spans 27 km of strike length along the Thibert Shear Zone - a major crustal scale terrane bounding fault system. The project is prospective for Cretaceous orogenic gold mineralization similar to that found in the Juneau Gold Belt in Alaska, the Motherlode District in California, and the Bralorne and Cassiar Districts in British Columbia. The Company notes that mineralization on nearby projects or metal districts is not indicative of mineralization on the Thibert Project.