Kingfisher Outlines New Porphyry Target 6 km from Highway and Power, HWY 37 Project, Golden Triangle

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Kingfisher Outlines New Porphyry Target 6 km from Highway and Power, HWY 37 Project, Golden TriangleVANCOUVER, BC / ACCESS Newswire / April 16, 2026 / Kingfisher Metals Corp. (TSXV: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 TargetA 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. Geophys...

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