Kingfisher Metals Corp. is pleased to outline the scope of its fully funded 2026 exploration program at the HWY-37 and Forrest Kerr projects, located in the highly prospective Golden Triangle of British Columbia.

This exploration program is designed to advance the newly discovered Hank porphyry Cu-Au system while systematically expanding and de-risking the Company’s broader regional target pipeline.

The HWY-37 and Forrest Kerr projects comprise approximately 933 km² and 202 km², respectively. Field crews are expected to mobilize in late May, with field activities commencing in mid-June and continuing through the fall season.

2026 Exploration Program Highlights

The 2026 program is structured around four exploration strategies to maximize exposure to discovery and early resource definition:

Diamond Drilling – 15,000 Metres (Three-Pronged Approach)

The 2026 drilling program will be supported by three diamond drills, targeting three spatially distinct regions at the Hank-Mary District:

Hank Porphyry Cu-Au Discovery – Expansion and Delineation

The Hank porphyry Cu-Au discovery represents a well-defined, large-scale copper-gold target supported by multiple converging lines of geological and geophysical evidence:

• Discovery hole HW-25-011: 425 m at 0.15% Cu, 0.21 g/t Au and 2.2 g/t Ag (0.40% CuEq) is a broad and high-quality intercept affirming system scale despite intersecting flanking alteration.
• Kilometre-scale geophysical anomalies: IP geophysics, magnetics, and magnetotellurics (MMT) anomalies all converging on the same broad target.
• Compelling emplacement timing: Porphyry mineralization at Hank, Williams & Mary (~190-186 Ma) overlaps in time with the nearby Mitchell deposit (~196-189 Ma) the largest undeveloped Cu-Au deposit in Canada.

Hank Au Targets – Bulk Tonnage & Structural High-Grade

Bulk Tonnage Au Targets

At-surface bulk-tonnage gold targets proximal to the Hank Porphyry Target offer significant opportunities for expansion with untested wide-spaced gaps (up to 500 m) between historical drill holes despite evidence of strong gold endowment in historical drilling.

• Historical results include:
  • 55.8 m of 1.38 g/t Au (DDH84-4)5^,
  • 42.0 m of 2.52 g/t Au (DDH85-32) 5^,
  • 63.0 m of 1.86 g/t Au (DDH85-45) 5^,
• Several historical holes terminate in mineralization including DDH88-16 with 74 m of 0.43 g/t Au including 0.92 g/t in the last assay. 5^,

Structural High-Grade Au Targets

Updated LiDAR, geological interpretation, and 3D modelling are being used to identify higher-grade structural gold zones. Previous workers explored with a single NW-SE azimuth to drill holes, this created a strong bias on ore geometry. New interpretations indicate multiple and complex structural patterns would have been poorly tested by previous holes. Revised interpretations will test projections of identified structures and ore shoot concepts as well. Historical intercepts demonstrate the high-grade and structural-hosted potential of the system:

• 0.8 m of 133.3 g/t Au and 263.0 g/t Ag (HNK-17-008)
• 24.8 m of 5.6 g/t Au and 45.9 g/t Ag (HNK-17-009)
• 20.0 m of 11.63 g/t Au and 13.8 g/t Ag (HNK-18-010) 

New Discovery Drilling – Turquoise, Rainbow, & Regional Porphyry Targets

Beyond the Hank Porphyry Target, the Company will conduct first-pass discovery drilling at the Turquoise and Rainbow targets, along with additional regional prospects. This initiative is focused on identifying large-tonnage porphyry systems across the full breadth of the Company’s multi-district-scale land package – providing multiple opportunities for new discovery. Turquoise and Rainbow target areas are both characterized by extensive cover, landslide and glacial till respectively. These surface conditions provide large, underexplored regions unlocked by modern geophysical surveys.

• Historical intercepts from Rainbow demonstrate the high-grade potential of the system:
  • 91.4m of 0.76g/t Au and 1.99g/t Ag (RN11-01) with limited follow-up.
• New geological surface mapping at Rainbow delineates an elongate porphyry-type quartz-sericite-carbonate-pyrite alteration body 3.5 km long by 400-600 m wide to the east of historical drilling.
• The Turquoise Porphyry Target is a newly identified potential system ~3.4 km from the Hank porphyry discovery. Multiple geophysical layers point to a porphyry signature situated below a large landslide at low elevations

Ground Geophysics – Induced Polarization (IP)

• Infill and expansion of IP coverage across the Hank-Mary District using distributed array and conventional pole-dipole surveys to maximise coverage
• New geophysical surveys planned at Mess Creek (HWY 37 Project) and the RDN Target (Forrest Kerr Project) to delineate additional drill-ready targets

Airborne Surveys

• Magnetotelluric (MMT) & magnetic surveys over the Forrest Kerr Project (~1,350 line-km) with integrated 3D inversion to support drill targeting
• LiDAR acquisition (~550 km²): expansion at HWY-37 and completion of project-wide coverage at Forrest Kerr Project

Surface & Regional Exploration

• Geological mapping across HWY-37 Project prospects and Forrest Kerr Project
• Soil sampling to expand geochemical coverage across the Hank-Mary District and Mess Creek area
• Stream sediment sampling to follow up on anomalous results and complete regional coverage
• Ongoing prospecting to support target generation and refinement across both projects