Kingfisher Declares Additional Consolidation in Golden Triangle with Choice to Purchase Forrest Kerr Challenge

VANCOUVER, BC / ACCESS Newswire / December 4, 2025 / Kingfisher Metals Corp. (TSXV:KFR,OTC:KGFMF)(FSE:970)(OTCQB:KGFMF) (“Kingfisher” or the “Firm“) is happy to announce the signing of a three-year property choice settlement to amass the Forrest Kerr Challenge within the Golden Triangle, British Columbia (the “Forrest Kerr Possibility Settlement“), topic to the approval of the TSX Enterprise Change (the “TSXV“). The 202 km² Forrest Kerr Challenge is positioned ~1 km south of the 933 km² HWY 37 Challenge and stretches south for ~40 km (Determine 1).

Historic exploration on the Forrest Kerr Challenge largely targeted shallow drilling focusing on high-grade valuable steel veins with restricted use of contemporary exploration methods (e.g. IP geophysics, 3D modeling, LiDAR) and with out investigation of porphyry potential.

The Forrest Kerr Challenge is host to 3 massive potential porphyry copper-gold and epithermal gold-silver goal areas which might be positioned at RDN, Boundary, and Forrest Creek (Determine 2). Extra alternatives exist to enhance upon high-grade gold intercepts resembling 90.27 g/t Au over 4 m^[1] by structural evaluation and additional exploration.

Forrest Kerr Challenge Highlights:

Dustin Perry, CEO of Kingfisher, states “The Forrest Kerr Challenge is very potential for each high-grade gold-silver mineralization in addition to porphyry copper-gold mineralization. Historic exploration on the challenge has returned high-grade gold intercepts resembling 4 m of 90.27 g/t Au and 1.95 m of 91.6 g/t Au^[2]. The challenge spans one of many main long-lived buildings throughout the Golden Triangle and is but to see trendy high-level geological focusing on, which is one thing our skilled exploration staff excels at. Environment friendly consolidation throughout the Golden Triangle has been our intention since transferring into the area in 2023 and this deal additional highlights our accretive development technique.”

Desk 1. Forrest Kerr Challenge vital historic drill outcomes

Forrest Kerr Challenge Overview

The Forrest Kerr Challenge straddles the north-trending Forrest Kerr shear zone with parallel trending copper and gold anomalism. Exploration on the challenge since 1988 contains over 36,000 m of diamond drilling in 167 holes, 16,311 soil samples, 1,781 rock samples and 259 stream sediment samples^[7]. Nearly all of these collected throughout the exploration packages throughout the years from 2016 to 2021. The Forrest Kerr pattern contains quite a few Texas Creek intrusions that are regionally related to porphyry and epithermal mineralization in Sulphurets (KSM, Treaty Creek, Brucejack), Iskut, and Hank-Mary areas. Quite a few high-grade showings on the challenge are additionally related to massive copper-in-soil anomalies (Determine 3). Copper and gold anomalism is broadly coincident (Determine 4), a standard relationship in porphyry areas.

The RDN Goal Space

The RDN Goal Space contains high-grade polymetallic vein prospects (Desk 1) cored by a vivid white-yellow core gossan physique (Determine 5) interpreted to be a leached cap above a attainable porphyry system. The full extent of each the gossan and the geochemical anomalies on floor is at the least 10 km northerly and ranges 1.5 to three km vast (Determine 2). The core gossan goal space in Determine 5 is marked by full lack of authentic rock character, depressed copper-gold values in comparison with flanking domains, white color (iron loss), and recessive nature. These options collectively within the coronary heart of the alteration physique may be indications of a leached cap, which is a standard function of porphyry copper-gold programs. Solely three shallow historic holes take a look at the outer margin of the core gossan goal space, together with gap RG90-11 with 18.19 g/t Au, 8.4 g/t Ag and 0.61% Cu over 0.40 m from 26.05 m and 11.57 g/t Au, 9.7 g/t Ag and 1.43% Cu from 51.00 m[^8] downhole. The Firm considers the core gossan physique as a excessive precedence, large-scale porphyry goal. The Firm sees similarities between the RDN and the Hank gossans and plans to use key learnings, together with spectral geology and IP geophysical surveys to additional refine this goal.

Boundary Goal Space

The Boundary Goal Space is roughly 2.5 km north south and 350-800 m vast. The goal space contains each high-grade polymetallic veins in addition to grassroots copper-gold porphyry targets. Earlier focusing on alongside the pattern targeted on tightly spaced drilling of gold-bearing veins flanking the broader copper-in-soil anomalism (Determine 2 & 3). Floor geological work and floor IP geophysical survey datasets are instructed to raised establish porphyry copper-gold drill targets at Boundary. Seen gold has been famous in historic drill core (Determine 6).

Forrest Goal Space

The Forrest Goal Space is outlined by an roughly 11 km north-south elongate copper-gold soil anomaly that measures roughly 1.5 to 2 km vast. The geochemical anomaly lies in a comparable structural place because the close by KSM district with mineralization within the footwall of a west-dipping thrust fault mapped by the BC Geological Survey. Probably the most superior goal within the pattern is the Forrest Creek porphyry goal with a 1.5 km west-east and a couple of.1 km north-south copper-gold soil anomaly (Determine 3). Historic work solely targeted on an space of 430 by 340 m with shallow drilling (lower than 150 m downhole). General, the pattern has seen little or no trendy exploration with very restricted follow-up since good leads to an early 90s drill marketing campaign (e.g. 39.7 m at 1.6 g/t Au, 13.1 g/t Ag and 0.63% Cu in drillhole 90A-05). This lack of latest exploration work represents a chance for Kingfisher to generate the geological and geophysical datasets to display for potential new porphyry programs.

Transaction Phrases

Possibility Phrases to Purchase 100% over Three Years

The Firm has entered into the Forrest Kerr Possibility Settlement with Aben Gold Corp. (TSX.V:ABN) (“Aben“), whereby Aben has granted Kingfisher the appropriate to amass a 100% curiosity in a sequence of mineral claims positioned within the province of British Columbia generally known as the “Forrest Kerr Challenge”, topic to varied web smelter returns.

Pursuant to the phrases of the Forrest Kerr Possibility Settlement, Kingfisher has the appropriate to earn a 100% possession curiosity within the Forrest Kerr Challenge as follows:

• a money cost of $150,000 and issuing frequent shares with a price of $500,000 on the date that the TSXV approve the Forrest Kerr Possibility Settlement (the “TSXV Approval Date“);

• a further money cost of $150,000 and issuing further frequent shares with a price of $500,000 on or earlier than the date that’s 6 months from the TSXV Approval Date;

• a further money cost of $200,000 and issuing further frequent shares with a price of $500,000 on or earlier than the date that’s 12 months from the TSXV Approval Date; and

• a further money cost of $700,000 that’s 36 months from the TSXV Approval Date.

Future Steps

Given the challenge has no instant work commitments the Firm has no obligations to hurry into exploration on the Forrest Kerr Challenge. Kingfisher will proceed desktop research on the challenge over the approaching months and prioritize targets throughout the larger goal pipeline throughout the 1,135 km² landholding throughout the Golden Triangle. Kingfisher will deal with allowing the challenge and taking a staged strategy to exploration, evaluating and enhancing the goal areas earlier than initiating any drill campaigns. It’s anticipated that geophysical, geological, and LiDAR surveys would be the first precedence. Moreover, Kingfisher intends to leverage the strong information set utilizing Vrify’s AI-Assisted Mineral Discovery Platform.

Certified Particular person

Tyler Caswell P.Geo., Kingfisher’s VP Exploration, is the Firm’s Certified Particular person as outlined by Nationwide Instrument 43-101, Requirements of Disclosure for Mineral Initiatives. Mr. Caswell has supervised, reviewed, and accredited the technical data offered on this launch.

About Kingfisher Metals Corp.

Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based mostly exploration firm targeted on copper-gold exploration within the Golden Triangle, British Columbia. Via outright purchases and choice earn in agreements (Orogen Royalties, Golden Ridge Assets, and Aben Gold) the Firm has rapidly consolidated one of many largest land positions within the Golden Triangle area at with the 933 km² HWY 37 Challenge and 202 km² Forrest Kerr Challenge. Kingfisher additionally owns (100%) two district-scale orogenic gold initiatives in British Columbia that complete 641 km². The Firm presently has 88,927,226 shares excellent.

For additional data, please contact:

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

Neither the TSX-V nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX-V) accepts accountability for the adequacy or accuracy of this launch.

Cautionary Observe Relating to Ahead-Wanting Statements

Mineralization hosted on adjoining and/or close by properties isn’t essentially indicative of mineralization hosted on the Firm’s property. This information launch comprises statements that represent “forward-looking statements.” Such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which will trigger the Firm’s precise outcomes, efficiency or achievements, or developments to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead-looking statements are statements that aren’t historic details and are usually, however not at all times, recognized by the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “initiatives,” “potential” and comparable expressions, or that occasions or circumstances “will,” “would,” “could,” “may” or “ought to” happen.

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^[1] Historic outcomes extracted from McDowell, C. & Stacey, J.R., 2018 Geochemical and Diamond Drilling Report on the Forrest Kerr Property, ARIS report no. 38384. A QP has not verified these outcomes; they’re offered for context solely and shouldn’t be relied upon.

SOURCE: Kingfisher Metals Corp.

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