The width of the anomalous zinc intercepts at the Mary Root Zone is on par with those at the Goldstorm deposit, at the Treaty Creek Project. Zinc zonation is also present at the nearby Williams deposit, within HWY 37 Project, where anomalous zinc intercepts flank and overlie the porphyry deposit. The Company cautions the reader that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the HWY 37 Project.

Copper values at the Mary Root Zone are low, not exceeding 0.3% Cu throughout the broad anomalous zinc intercept. Many regional porphyry examples reflect a similar decoupled distribution of metal - low or no copper in the zinc zone, and very low zinc in the copper zone. See Goldstorm and Williams porphyry examples where very low zinc exists in the copper body and very little copper is delineated in the zinc zones.

The Company interprets the Mary Root Zone results to delineate the flanks or tops to a porphyry system with a much larger zonation scale than the known Mary deposit 1 km to the NW. The presence of anomalous gold in the flanking alteration is a likely predictor of the presence of gold in the conceptual copper core as well. Two holes were drilled at the Cliff porphyry and were the first-ever test of a significant quartz stockwork body that measures 300 by 150 m on surface.

The stockwork body is located >1,400 m to the south-southwest of the Mary deposit across a drape of barren cover. Initial tests of the stockwork returned 114 m of 0.2% Cu Eq. (0.114% Cu, 0.04 Au, 67 ppm Mo; hole M-23-001).

Compared to the Mary deposit, drilling intercepted a unique and more felsic phase of intrusion with a higher quartz vein abundance and a low gold to copper ratio yet high relative molybdenum to gold. The Cliff porphyry is interpreted as a younger phase emplaced at the margin of a km-scale, zoned porphyry system represented in part by the Mary deposit and the Mary Root Zone target. The Company is currently evaluating the extensive database of historical exploration and geological information in addition to 2023 exploration results at the HWY 37 Project.

Kingfisher is working toward the first-ever geological and structural 3D model for both the Mary and Hank-Williams regions. In 2023, Kingfisher completed the first-ever project-scale 3D inversion of historical airborne magnetic data and the first-ever 3D IP inversion of the Mary area. These new valuable datasets are currently being integrated with new 2023 geological surface mapping at Mary and at Hank areas for target generation and refinement.

In the summer of 2023, Kingfisher applied for a 5-year multi-year area-based permit (MYAB) covering the Hank portion of the HWY 37 Project. Hank is host to the Hank epithermal Au-Ag deposit with intercepts including 11.63 g/t Au over 20 m (HNK-18-010) across a 6 km long trend of mineralization. The Hank area is also host to the 2017 discovery of the Williams porphyry deposit with intercepts including 0.34% Cu and 0.42 g/t Au over 318.73 m (HNK-18-013).

The Company believes that there is significant discovery potential for both Brucejack-type intermediate sulfidation epithermal Au-Ag as well as Cu-Au porphyry deposits in the Hank portion of the project. It is anticipated that the Company will receive the 5-year drill permit in advance of the 2024 drill program and Kingfisher intends to focus on exploring both the Mary porphyry and Hank epithermal area targets with drilling in 2024.