VANCOUVER, British Columbia, April 16, 2026 – Kingfisher Metals Corp. (TSX-V: KFR) (FSE: 970) (OTCQB: KGFMF) (“Kingfisher” or the “Company”) is pleased to report the delineation of a new porphyry drill target at the Turquoise target area (Figures 1-3). Interpretation of recently updated geophysical inversion datasets¹ highlight a compelling subsurface target within the Company’s 933 km² HWY 37 Project, located in the Golden Triangle, British Columbia.

Key Highlights:

• New near-surface porphyry copper – gold target identified at the Turquoise target area characterized by a 0.5 by 2.0 km chargeability anomaly. The magnetic vector amplitude inversion (MVI), direct current (DC) resistivity and the Mobile MagnetoTellurics (MMT) resistivity datasets all support the core target domain (Figure 2).
• Majority of target area is covered by a landslide and glacial till, interpreted to cover the core porphyry alteration target with only discrete lateral alteration expressions at surface (Figure 1).   
• Porphyry proximal indications include advanced argillic mineralogy (dickite and vuggy silica) on surface and high pyrite abundance near geophysical core target domain (Figure 1).
• Target is near-surface and drill ready. 

Dustin Perry, CEO of Kingfisher, states, “The Turquoise target is a direct result of our systematic exploration approach, which continues to unlock new opportunities across this underexplored yet highly prospective region of the Golden Triangle. The target is located within the emerging Hank–Mary district and only ~6 km from existing infrastructure. Turquoise represents a compelling new drill target that we’re excited to test this summer as we continue to build a strong pipeline of high-quality targets across the HWY 37 Project. ” 


Figure 1: Plan overview of the Turquoise Porphyry Target and Section A-A’ Location


Figure 2: Cross-section Turquoise Porphyry Target IP-chargeability, MVI amplitude, MMT resistivity, DC-resistivity results, and a compilation summary interpretation.

Turquoise Porphyry Target

A new porphyry target has been identified ~3.4 km east of the Hank Porphyry discovery hole (HW-25-011). The target is centered on a 0.5 by 2.0 km chargeability anomaly (> 12.0 mV/V) and is supported by the recent MMT inversion, and magnetic inversion products¹. Geophysical patterns define a possible fluid upwelling or structural root to the anomaly, supported by coincident geophysical signatures and surface geology mapping. The scale of the target area is approximately 1 by 3.4 km, elongated to the northeast. 

Geophysical Highlights:

• IP Chargeability: A large, coherent chargeability anomaly extends to surface and is spatially coincident with mapped pyrite alteration. The anomaly forms a volume approximately 0.5 km wide, 0.5 km deep and 2.0 km long and could define a broad sulphide-rich system.  The peak chargeability values are 25 mV/V.
• MVI Amplitude: A steep, low- to moderate-amplitude magnetic feature is interpreted to reflect a structural focus or a fluid flow pathway. This feature appears to focus on the core of the chargeability anomaly, refining the primary drill target. 
• Resistivity (MMT and DC): Integrated resistivity datasets define classic porphyry-style architecture:
  • A mushroom-shaped, low-resistivity (conductive) cap with values ranging between 25-100 ohm * m and dimensions of approximately 1.0 km deep, 4.0 km wide and 6.0 km long, coincident with mapped clay-rich alteration.  
  • Underlying low- to moderate-resistivity domains are interpreted as potential porphyry stockwork zones, with the central “stem” representing a central fluid upwelling within a broad alteration system. 
  • Moderate resistivity at surface correlates with mapped siliceous advanced argillic alteration. 

Surface Geology Highlights:

• Mapping indicates a vector toward higher temperature alteration toward the core target. Advanced argillic mineralogy, including dickite and vuggy silica, has been identified above the chargeability anomaly and may indicate a porphyry-top position. 
• Sericite–chlorite-pyrite-quartz alteration observed at surface within the core target area is consistent with porphyry-style alteration observed at the Hank porphyry. 
• The projected surface expression of the core target is largely obscured by landslide and moraine cover. However, proximal outcrops report elevated pyrite contents (>5%), supporting the geophysical interpretation. 
• Representative prospecting and rock sampling in the valley remain limited due to extensive till and landslide cover.

Figure 3: Photograph of Turquoise Porphyry Target Area. 

Qualified Person

Technical aspects of this news release have been reviewed, verified, and approved by Tyler Caswell, P.Geo., Vice President Exploration of Kingfisher, who is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Minerals Projects.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. Through outright purchases and option earn in agreements (Orogen Royalties, Golden Ridge Resources, and Aben Gold) the Company has quickly consolidated one of the largest land positions in the Golden Triangle region with the 933 km² HWY 37 Project and 202 km² Forrest Kerr Project. Kingfisher also owns (100%) two district-scale orogenic gold projects in British Columbia that total 641 km². The Company currently has 134,898,973 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO, President, and Director
Phone: +1 778 606 2507
E-Mail: info@kingfishermetals.com