Kingfisher Metals Exploration Update

Kingfisher Metals Corp. (KFR) issued an exploration progress update on August 11, 2026, regarding its fully funded 15,000 m diamond-drill program at the HWY 37 and Forrest Kerr projects in the Golden Triangle, BC. Three rigs are currently active in the Hank-Mary district, with four holes completed and three in progress. No assay results have been reported, and all descriptions provided are visual only.

Key visual observations from the current drilling include:

• HW-25-015 (active): Intersected an 8.35 m interval (462.45 m–470.8 m downhole) of massive to semi-massive sulfide vein containing sphalerite, pyrite, chalcopyrite, galena, carbonate, and quartz. Below that, a hydrothermal interval (470.8 m–506 m) with pyritic silica-cement breccia, silica flooding, and lower concentrations of galena and sphalerite.
• HW-25-012 (884 m): A structural zone with elevated sphalerite and galena (57–219 m); deeper quartz-chlorite-pyrite stockwork and intense quartz-sericite-pyrite alteration.
• HW-25-013 (406 m): Tested a structural feeder to the “Pits” area; encountered cockade breccias, sooty pyrite-cement breccia, carbonate-pyrite veins, fault gouge, cataclasite.
• HW-25-014 (652 m): Tested Cash Porphyry Target; intersected multiple diorite-syenite porphyry stocks with vein and disseminated pyrite-hematite-magnetite.
• HW-25-011 (re-entry, abandoned at 983.5 m): Porphyry alteration and mineralization continued from 959 m to end of hole.

Other fieldwork activities include 2,452 soil samples, IP and airborne MMT surveys underway, and geological mapping completed. Pads are being built for future holes on the Hank, Cash, and Pits targets.

The release contains no new material information that changes the thesis or deposit scale. Visual descriptions of sulfides and alteration are routine during an active drill program and do not de‑risk or prove tonnage. The massive sulfide vein in HW‑25‑015 is intriguing but undifferentiated from countless visual hits in junior exploration that fail to deliver economic grades. Given that the market already anticipated aggressive drilling (stock rose from ~$1.06 in late June to $1.55 pre‑news, partly fueled by Barrick’s strategic investment and earlier porphyry intercepts), the visual update is incremental; it confirms that drilling is ongoing and encountering sulfide‑bearing structures, but does not provide the assay‑backed grades required to move a junior’s value. The price reaction on the day of the release (Aug 11) is not captured in the provided data, but the stock had consolidated around $1.50–$1.62. The news is not transformative; it is Routine – Positive because it suggests the hydrothermal system is widespread and may include a new high‑grade style, but without assays it remains speculation.

Kingfisher Metals Corp. (KFR) is a junior explorer focused on copper-gold porphyry and epithermal deposits in British Columbia’s Golden Triangle. Its core holding is the 933 km² HWY 37 Project, which hosts the Hank porphyry Cu-Au discovery and the Williams deposit. The company also acquired the 202 km² Forrest Kerr Project, which features historical high-grade gold veins and porphyry targets.

A strategic investment by Barrick, representing a 9.9% stake valued at $20.9 million at $1.35 per unit, along with a prior $30 million bought-deal financing, gave Kingfisher a cash position of approximately $30.6 million. This capital fully funds the 15,000 m drill program. No NI 43-101 resources or economic studies exist for the company.

Management and the technical team have extensive experience in the Golden Triangle, with backgrounds at GT Gold, Pretivm, and Seabridge. Institutional ownership is approximately 60%. The stock is listed on the TSX-V.