Kingfisher Metals Announces $4.0 Million Private Placement Financing

Kingfisher Metals Announces $4.0 Million Private Placement

Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISEMMINATION IN THE UNITED STATES

Vancouver, B.C. - April, 27, 2021 - Kingfisher Metals Corp. (TSX-V: KFR) (“Kingfisher” or the “Company”)

is pleased to announce that the Company has entered into an agreement with PI Fin ancial Corp. (“PI

Financial”) as sole bookrunner, in connection with a marketed best efforts private pla cement of up to

4,760,000 charity flow -through units (the “Charity FT Units”) and 1,965,000 flow -through units (the “FT

Units”) of the Company to raise aggregate gross proceeds of up to approximately C$4.0 million.

The Charity FT Units will be offered by way of a best efforts private placement pursuant to exemptions from

the prospectus requirements to residents of the Provinces of British Columbia, Alberta, Saskatchewan,

Ontario, Quebec, and such other Canadian jurisdictions as may be agreed to by the Compa ny and PI

Financial, at a price of C$0.63 per Charity FT Unit. Each Charity FT Unit shall consist of one charity flow -

through common share and one half of one transferable non-flow-through common share purchase warrant

(each whole such common share purchase warrant, a “Warrant”).

The FT Units will be offered by way of a best efforts private placement pursuant to exemptions from the

prospectus requirements to residents of the Provinces of British Columbia, Alberta, Saskatchewan, Ontario,

Quebec, and such other Canadian jurisdictions as may be agreed to by the Company and PI Financial, at

a price of C$0.51 per FT Unit. Each FT Unit shall consist of one flow -through common share and one half

of one transferable non-flow-through common share purchase Warrant.

Each Warrant shall be exercisable into one additional non-flow-through common share of the Company for

24 months from the Closing Date at an exercise price of C$0.70.

The aggregate gross proceeds raised from the Charity FT Units and FT Units will be used b efore 2023 for

general exploration expenditures which will constitute Canadian exploration expenses (within the meaning

of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)), that will qualify as “flow through

mining expenditures” within the meaning of the Tax Act.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities

in the United States. The securities have not been and will not be registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be

offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act

and applicable state securities laws or an exemption from such registration is available.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused

on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale

projects that offer potential exposure to high -grade gold, copper, silver, and zinc. The Company currently

has 68,945,801 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.

CEO and Director

Phone: +1 236 358 0054

E-Mail: [email protected]

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX -

V) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer and Forward-Looking Information

Statements contained in this release that are not historical facts are forward-looking statements that involve

various risks and uncertainty affecting the business of KFR. In making the forward-looking statements, KFR

has applied certain assumptions that are based on information available, including KFR’s strategic plan for

the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in su ch statements. Accordingly,

readers should not place undue reliance on forward-looking information. KFR does not undertake to update

any forward-looking information, except in accordance with applicable securities laws.