Kingfisher Announces Update to Operations at HWY 37 Project and Private Placement

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

VANCOUVER, BC / ACCESSWIRE / July 17, 2023 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") announces that, further to its news release dated May 15, 2023, it has received an extension from the TSX Venture Exchange ("TSX-V") to close its non-brokered private placement of charity flow-through units (the "Charity FT Units") at a price of $0.12 per Charity FT Unit and flow-through units (the "FT Units" and, collectively with the Charity FT Units, the "Offered Units") at a price of $0.10 per FT Unit for aggregate gross proceeds of up to $3.0 million (the "Offering").

The Offering is expected to close on or about August 3, 2023, and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX-V. All terms of the Offering remain the same.

Field crews have mobilized to the HWY 37 Project area and have commenced preparations for camp and drill pad construction for the proposed ~2,500 m diamond drill program, which is expected to start after closing of the Offering.

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, including the Golden Triangle region. Kingfisher has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 106,628,701 shares outstanding.

For further information, please contact:

Dustin Perry, P.Geo.
CEO and Director
Phone: [phone]
E-Mail: [e-mail]

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.

Cautionary Note Regarding Forward-Looking Statements