KINGFISHER METALS INCREASES PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO C$25 MILLION

Kingfisher Metals Corp. has successfully increased its previously announced bought deal financing to C$25 million, demonstrating strong market confidence in the company's copper-gold exploration activities in British Columbia's Golden Triangle region. The financing structure includes 5.3 million non-critical charity flow-through shares at C$0.94, 14.5 million critical charity flow-through shares at C$1.04, and 7.6 million hard dollar shares at C$0.65, with BMO Capital Markets serving as sole bookrunner.

The upsizing of the financing reflects robust investor demand for exposure to Kingfisher's strategic position in the Golden Triangle, where the company has consolidated one of the largest land packages in the region. The 933 km² HWY 37 Project and 202 km² Forrest Kerr Project, along with two additional district-scale orogenic gold projects totaling 641 km², provide the company with significant exploration potential across multiple commodity types.

The financing structure is particularly noteworthy for its tax-efficient flow-through component, which will fund qualifying Canadian exploration expenses and critical mineral mining expenditures through December 2027. This aligns with current government incentives for critical mineral exploration and positions the company to benefit from enhanced tax credits available to investors. The hard dollar proceeds will support broader exploration activities and general corporate purposes.

The additional C$5 million over-allotment option available to underwriters provides flexibility to accommodate continued strong demand. With an expected closing date of March 3, 2026, this financing positions Kingfisher to advance its exploration programs across its substantial British Columbia land holdings during a period of heightened interest in copper-gold projects in premier mining jurisdictions.