KINGFISHER MINING LTD — Capital/Financing Update 2021

Nov 21, 2021

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ASX Announcement: 22 November 2021

ASX CODE: KFM

Shares on issue: 42,250,001 Cash: $4.0M (30 September 2021) Debt: Nil

PROJECTS

Boolaloo: Copper-Gold Kingfisher: Copper-Base Metals Mick Well: Copper-Base Metals Arthur River: Copper

CORPORATE DIRECTORY

WARREN HALLAM Non-Executive Chairman

JAMES FARRELL

Executive Director and CEO

ADAM SCHOFIELD Non-Executive Director

SCOTT HUFFADINE Non-Executive Director

STEPHEN BROCKHURST Company Secretary

MEDIA & INVESTOR ENQUIRIES

Peter Taylor, NWR Communications P: +61 412 036 231

E: peter@nwrcommunications.com.au

ABN: 96 629 675 216

REE SAMPLING PROGRAM UNDERWAY AT GASCOYNE PROJECTS

• Surface geochemical sampling program underway in Gascoyne targeting rare earth elements.

• Program to target pegmatites, biotite-magnetite gneisses and mafic gneisses which are interpreted to be associated with rare earth elements.

• Samples to be submitted to the laboratory for analysis next week, with results available before the end of the Quarter.

Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company” ) is pleased to provide an update of its on-going exploration at its 100% owned projects in the Gascoyne Mineral Field in Western Australia.

The Company has commenced a surface geochemistry sighter program across its Kingfisher, Mick Well and Arthur River tenements targeting rare earth elements. The Company holds exploration licences covering 693km[2] in the area which includes rocks of the Proterozoic Durlacher Suite which hosts the world-class Yangibana Deposit which includes 27.42Mt @ 0.97% TREO[# ] and the Archaean Halfway Gneiss.

The surface geochemistry sampling program will target previously mapped pegmatites, biotite-magnetite gneisses and mafic gneisses which are interpreted to be associated with rare earth elements in the area.

The Company would also like to advise that sample results from the recent RC drilling programs at seven priority targets which were identified from the Company’s airborne EM surveys and surface mapping at Boolaloo, Mick Well and Kingfisher are in progress and are expected to be received in the next few weeks. Additional results from ongoing surface geochemical sampling at Boolaloo and Mick Well are also imminent.

Kingfisher’s Executive Director and CEO James Farrell commented: “The current rare earth element sampling program is an important step in delivery of the Company’s strategy in a region which is rapidly emerging as a hot spot for rare earth element exploration in Western Australia.

In addition to the copper, gold and base metal potential, we are looking forward to establishing the potential prospectivity for rare earth elements across our substantial tenement holding in the area”.

P: +61 8 9481 0389

E: info@kingfishermining.com.au W: www.kingfishermining.com.au

This announcement has been authorised by the Board of Directors of the Company.

Ends

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

GPO Box 2517 Perth WA 6831 AUSTRALIA

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For further information, please contact:

Kingfisher Mining Limited

James Farrell, Executive Director Ph: +61 (08) 9481 0389 E: info@kingfishermining.com.au

Media & Investor Enquiries

Peter Taylor, NWR Communications Ph: +61 412 036 231 E: peter@nwrcommunications.com.au

About Kingfisher Mining Limited

Kingfisher Mining Limited ( ASX:KFM ) is a mineral exploration company committed to increasing shareholder wealth through the acquisition, exploration and development of mineral resource projects throughout Western Australia. The Company’s tenements and tenement applications cover 1,406km[2] in the underexplored Ashburton and Gascoyne Mineral Fields.

The Company has secured significant landholdings across the interpreted extensions to its advanced copper-gold exploration targets giving it more than 30km of strike across the Boolaloo Project target geology in the Ashburton Basin and more than 50km of strike across the target geological unit that covers the Kingfisher and Mick Well Projects in the Gascoyne region.

To learn more please visit: www.kingfishermining.com.au

Previous ASX Announcements

ASX Announcement ‘Yangibana Project updated Measured and Indicated Mineral Resources tonnes up by 54%, TREO oxides up by 32% Australia’. Hastings Technology Metals Limited (ASX:HAS), 5 May 2021.

Forward-Looking Statements

This announcement may contain forward-looking statements which involve a number of risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update forward looking statements if these beliefs, opinions, and estimates should change or to reflect other future developments.

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