Kingfisher Announces Closing of First Tranche of Private Placement - Seite 2

Multilateral Instrument 61-101 - Related Party Transaction

Dustin Perry, CEO, is an insider of the Company and participated in the first tranche of the Offering by purchasing 114,286 Units for an aggregate subscription price of C$20,000. Richard Trotman, a director, is an insider of the Company and participated in the first tranche of the Offering by purchasing 30,000 Units for an aggregate subscription price of C$5,000. DCJL Management Ltd. ("DCJL") is an insider of the Company by virtue of David Loretto, a director, controlling DCJL. DCJL participated in the first tranche of the Offering by purchasing 30,000 Units for an aggregate subscription price of C$5,000. Alejandro Emiliano Gubbins Cox is an insider of the Company and participated in the first tranche of the Offering by purchasing 1,143,000 Units for an aggregate subscription price of C$200,025. Plethora Precious Metals Fund Management is an insider of the Company and participated in the first tranche of the Offering by purchasing 750,000 Units for an aggregate subscription price of C$131,250. Accordingly, the Offering constitutes a "related party transaction" for the Company within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval under MI 61-101 as the fair market value of each of the insider's participation in the Offering does not exceed more than 25% of the market capitalization of the Company, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101.

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 33,349,555 shares outstanding.