Kingfisher Metals Corp. announced a a non-brokered private placement of 25,000,000 charity flow-through units at an issue price of CAD 0.12 per unit for the gross proceeds of CAD 3,000,000 on May 15, 2023. Each Unit will consist of one flow-through common share and one half of one transferable non flow-through common share purchase warrant.

Each Warrant will be exercisable to acquire one additional non-flow-through common share of for 24 months from the closing date of the transaction at an exercise price of CAD 0.15. The Offering is expected to close on or about June 8, 2023 and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. The Securities will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws.

In connection with the transaction, certain arm's-length parties may receive a cash finder's fee payment and/or warrants to purchase common shares in the capital of the Company in consideration of securities that are sold to subscribers introduced by such parties. Any cash finder's fee payment and/or warrants will be subject to the approval of, and will be issued in accordance with the rules of, the TSX Venture Exchange.