KINGFISHER METALS ANNOUNCES C$20 MILLION BOUGHT DEAL FINANCING

Kingfisher Metals Corp. has secured a significant C$20 million bought deal financing through a syndicate led by BMO Capital Markets, demonstrating strong institutional confidence in the company's copper-gold exploration strategy. The financing structure includes 5.3 million non-critical charity flow-through shares at C$0.94, 9.7 million critical charity flow-through shares at C$1.04, and 7.6 million hard dollar shares at C$0.65, with underwriters holding an option for an additional 25% of the offering.

The proceeds will be strategically deployed to advance Kingfisher's substantial land position in British Columbia's prolific Golden Triangle region, where the company has consolidated 933 km² through its HWY 37 Project and an additional 202 km² Forrest Kerr Project. The flow-through proceeds must be used for qualifying Canadian exploration expenses by December 31, 2026, ensuring immediate deployment of capital toward advancing the company's exploration programs.

This financing represents a substantial capital injection for a junior exploration company and reflects the current market appetite for quality copper-gold assets in established mining districts. The Golden Triangle region has historically been one of Canada's most productive mining areas, and Kingfisher's large consolidated land package positions it well to benefit from continued exploration success in the region.

The expected closing date of March 3, 2026, provides Kingfisher with adequate time to secure regulatory approvals and finalize the transaction. With this financing, the company will be well-funded to advance its exploration programs and potentially move toward resource definition on its key properties, representing a significant milestone in the company's development trajectory.