Multiple Geophysical Datasets Support Increased Target Dimensions at Hank Copper- Gold Discovery, HWY 37 Project, Golden Triangle VANCOUVER, British Columbia, April 2, 20 26 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE: 970)
Multiple Geophysical Datasets Support Increased Target Dimensions at Hank Copper-
Gold Discovery, HWY 37 Project, Golden Triangle
VANCOUVER, British Columbia, April 2, 20 26 – Kingfisher Metals Corp. (TSX -V: KFR) (FSE: 970)
(OTCQB: KGFMF) (“Kingfisher” or the “ Company”) is pleased to announce that new and updated
geophysical inversion datasets support a robust porphyry copper-gold target within the Hank Cu-Au
discovery area. Results include a new Mobile MagnetoTellurics (MMT) and magnetic survey with
inversions, newly compiled, leveled and merged airborne magnetic data, updated IP chargeability
and direct current (DC) resistivity 3D inversions, along with new petrographic data from geological
thin sections. These new and improved datasets provide Kingfisher with five additional data-layers
integrated into a 3-dimensional targeting framework. Analysis of these datasets supports the scale
and prospectivity of the porphyry Cu-Au discovery at Hank. The Hank discovery is within the 933 km2
HWY 37 Project located within the Golden Triangle, British Columbia.
Key Highlights:
• The magnetic vector inversion (MVI) model outlines a large alteration footprint, interpreted as
magnetite destruction and remanent magnetization, consistent with surface and drill core
observations.
• Expanded IP-resistivity surveys reveal a >2 km wide anomaly coinciding with the interpreted
potassic altered core.
• MMT and DC -resistivity results highlight a significant low resistivity anomaly (below 50
ohmm) over an area of approximately 3.5 by 4.4 km, interpreted as hydrothermal clay
alteration related to the Hank system.
• Petrographic analysis of thin sections from hole HW -25-011 show that hydrothermal
alteration has destroyed magnetite and reveals high fertility indicators, including bornite and
tennantite.
Dustin Perry, CEO and President of Kingfisher , states, “Over the past three years we have
systematically explored the Hank area with multiple geophysical, geological, geochemical, and
spectral surveys. These updated datasets provide even more confidence going into the 2026 field
program where we seek to aggressively expand upon the newest Cu -Au porphyry discovery in BC’s
Golden Triangle. ”
Figure 1: Plan view of the Hank-Williams area with reduced to pole magnetics (RTP) in the background. Grey lines show IP-
resistivity lines. Inset map on the right presents the HWY 37 tenure outline with compiled, leveled and merged RTP data in
the background.
Figure 2: Cross section A-A’ illustrating IP-chargeability, magnetic vector inversion amplitude, MMT resistivity, DC-resistivity
results, and a compilation summary interpretation.
Figure 3: Cross section B-B’ illustrating IP chargeability, magnetic vector inversion amplitude, MMT resistivity, DC-resistivity
results, and a compilation summary interpretation.
Figure 4: Long section C-C’ illustrating IP chargeability, magnetic vector inversion amplitude, MMT resistivity, DC-resistivity
results, and a compilation summary interpretation.
Figure 5: A) early potassic alteration near syn -mineral dyke overprinted by magnetite -destructive alteration; B) electrum
grain ~10 microns enclosed by pyrite, replaced to chalcopyrite; C) ~10 micron electrum grain enclosed by chalcopyrite; D)
bornite-chalcopyrite emulsion texture near syn-mineral dyke; and E) quartz vein with chalcopyrite-tennantite-electrum.
Summary & Discussion
In 2025, Expert Geophysics Ltd. conducted an 1825.0 line -km MMT survey, with data provided to
Moombarriga Geoscience for 3D inversion. Peter E. Walcott & Associates Ltd. completed 22.3 line -
km of IP -resistivity surveying. The resulting IP -resistivity data, combined with historical and 2024
data, produced a unified 3D inversion model of resistivity and chargeability for much of the Hank -
Williams target area. Hardrock Geophysics Inc. compiled, leveled, and merged all historical airborne
magnetic datasets within the HWY 37 tenure, which were then used for 3D magnetic susceptibility
and magnetic vector (MVI) inversions.
Integrating geophysical products with diamond drilling, surface geochemistry, geological mapping,
and petrography enables new targeting insights. By combining and interpreting these datasets within
a porphyry -epithermal framework, a cohesive core porphyry target area has been identified. This
integration has led to several significant observations:
• A large area of possible porphyry -related magnetite destruction is inferred from magnetic
data and surface geology.
o RTP magnetics show a broad, moderate magnetic response in the Hank area (Figure
1). This zone also appears in other magnetic inversion products and aligns with
mapped surface alteration.
o Other datasets confirm a large volume of altered rock marked by magnetite loss and
potential remanent magnetization. Cross sections (Figures 2 –4) show the extent of
the alteration, with high chargeability highlighting a core target. Drillhole HW-25-011
confirmed significant mineralization matching magnetic, chargeability, and resistivity
anomalies.
o Abundant pyrite and sericite at surface and in HW -25-011 support magnetite
destruction, including high pyrite -to-chalcopyrite ratios. These features match
flanking phyllic alteration.
o Petrographic and drill core analysis further confirm magnetite destructive sericite -
quartz-pyrite alteration assemblages in HW-25-011 (Figure 5).
• Figures 2-4 show that resistivity sections from the MMT and DC -resistivity surveys outline a
broad, low-angle blanket of low-resistivity (conductive) rock. This blanket lies above and to
the side of the core target area, which is defined by coincident char geability and magnetic
anomalies.
o This low -resistivity (conductive) anomaly, clearly mapped in the sections, is
interpreted as an area of widespread clay alteration associated with the porphyry -
epithermal mineral system.
o A pronounced, mushroom -shaped conductivity zone marks a fluid pathway in the
porphyry-epithermal system.
• Volumes of moderate resistivity lie beneath the low resistivity anomaly in the DC -resistivity
sections (Figures 2-4). These areas are near or overlap the chargeability anomalies. They may
be intrusive porphyry stocks that are more resistant than the surrou nding clay-altered wall
rock.
Hank Porphyry Petrographic Study
Petrographic analysis of the Hank porphyry confirmed complex mineralogy near syn -mineral
intrusions and widespread magnetite -destructive alteration (Figure 5) . Narrow, syn-mineral
intrusions host bornite and tennantite along with chalcopyrite, indicating a fertile system. Electrum
is also identified as 5-10 micron-sized grains near these intrusions, closely associated with copper
minerals including bornite, chalcopyrite and tennantite.
Investor Relations Engagements
The Company entered into an investor relations consulting agreement with Adelaide Capital Markets
Inc. ("Adelaide") dated March 1, 2026, for various investor relations services at an aggregate cost of
C$8,000 per month, payable monthly, subject to acceptance by the TSX Venture Exchange (the
“TSXV”).
The agreement has an initial term commencing March 1, 2026, and ending April 30, 2027, and will
automatically renew on a month-to-month basis thereafter unless terminated in accordance with its
terms. Adelaide is an arm’s length consultant and was previously granted 35,000 stock options that
have fully vested. To the knowledge of the Company, both Adelaide and Deborah Honig, President of
Adelaide, own shares of Kingfisher. Neither the Company nor any of its directors, officers or
employees have any interest , directly or indirectly, in Adelaide, or their securities, or any right or
intent to acquire such an interest. Adelaide manages a marketing team headquartered in Toronto,
Ontario, and has been successfully providing services for a broad range of companies listed on the
TSXV .
Stock Option Grant
The Company announces the grant of 4,375,000 stock options to certain directors, officers,
employees, and consultants pursuant to the Company’s stock option plan. This includes 75,000
stock options granted to Adelaide. The stock options are exercisable for a period of five (5) years at
an exercise price of C$0.66 per share and will vest over a period of twenty-four (24) months. The stock
options were granted as part of Kingfisher’s ongoing efforts to attract and retain key personnel and
provide long-term performance incentives.
Qualified Person