Kingfisher expands Hank porphyry target

Executive Summary

• Kingfisher Metals Corp. reports that multiple new and updated geophysical datasets support increased target dimensions and robust porphyry copper-gold potential at its Hank discovery on the HWY 37 project in the Golden Triangle, British Columbia.
• The integration of mobile magnetotellurics (MMT), magnetic vector inversion (MVI), IP-resistivity, and DC-resistivity data has identified a large alteration footprint, a greater-than-two-kilometre-wide anomaly coinciding with a potassic altered core, and significant low-resistivity anomalies interpreted as hydrothermal clay alteration.
• Petrographic analysis of drill hole HW-25-011 confirms complex mineralogy with high fertility indicators, including bornite, tennantite, and electrum, supporting the porphyry-epithermal model.

Key Details

• Geophysical Survey Results:
  • Magnetic Vector Inversion (MVI): Outlines a large alteration footprint interpreted as magnetite destruction and remanent magnetization, consistent with surface and drill core observations.
  • IP-Resistivity: Expanded surveys reveal a greater-than-two-kilometre-wide anomaly coinciding with the interpreted potassic altered core.
  • MMT and DC-Resistivity: Highlight a significant low-resistivity anomaly (below 50 ohm m) over an area of approximately 3.5 by 4.4 km, interpreted as hydrothermal clay alteration related to the Hank system.
  • Conductivity Zones: A pronounced, mushroom-shaped conductivity zone marks a fluid pathway in the porphyry-epithermal system; moderate resistivity volumes beneath low-resistivity anomalies may represent intrusive porphyry stocks.
• Petrographic and Geological Findings:
  • Analysis of thin sections from drill hole HW-25-011 shows hydrothermal alteration has destroyed magnetite.
  • High fertility indicators identified include bornite, tennantite, and electrum (5- to 10-micron-sized grains) near syn-mineral intrusions.
  • Abundant pyrite and sericite support magnetite destruction, with high pyrite-to-chalcopyrite ratios matching flanking phyllic alteration.
  • Magnetite-destructive sericite-quartz-pyrite alteration assemblages confirmed in HW-25-011.
• Project Context:
  • The Hank discovery is located within the 933-square-kilometre HWY 37 project in the Golden Triangle, British Columbia.
  • The company plans an aggressive 2026 field program to expand upon the Cu-Au porphyry discovery.
• Administrative/Corporate Actions (Included due to materiality of costs and dilution):
  • Investor Relations Agreement: Entered into an agreement with Adelaide Capital Markets Inc. dated March 1, 2026, for services at $8,000 per month, with an initial term ending April 30, 2027.
  • Stock Option Grant: Granted 4,375,000 stock options to directors, officers, employees, and consultants.
    • Includes 75,000 options granted to Adelaide Capital Markets Inc.
    • Exercise price: 66 cents per share.
    • Vesting: Over 24 months.
    • Expiry: 5 years.

Notable Quotes

• "Over the past three years we have systematically explored the Hank area with multiple geophysical, geological, geochemical and spectral surveys. These updated data sets provide even more confidence going into the 2026 field program where we seek to aggressively expand upon the newest Cu-Au porphyry discovery in B.C.'s Golden Triangle." — Dustin Perry, CEO and President