KINGFISHER MINING LTD — Capital/Financing Update 2022

Nov 27, 2022

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ASX Announcement: 28 November 2022

CORPORATE PROFILE

Shares on issue: 52,250,001 Listed options: 10,450,000 Unlisted options: 10,500,000 Cash: $5.4M (30 September 2022) Market Capitalisation: $29.7M* Debt: Nil

PROJECTS

MICK WELL AND KINGFISHER

Breakthrough high grade rare earth elements discovery in the Gascoyne region of Western Australia

BOOLALOO

Exciting copper and gold potential in the Ashburton region of Western Australia

Loyalty Option Offer Closure & Shortfall Notice

Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company” ) advises that the loyalty options offer pursuant to the prospectus dated 27 October 2022 ( Prospectus ) closed on 21 November 2022 ( Loyalty Offer ).

The Loyalty Offer offered eligible shareholders registered on the Record Date the ability to subscribe for one (1) option (exercisable at $0.70 and expiring 30 May 2025) ( Loyalty Options ) for every five (5) shares held at an issue price of $0.005 per Loyalty Option.

Total applications for 8,109,685 Loyalty Options were received under the Loyalty Offer resulting in a shortfall of 2,340,315 Loyalty Options. Commitments have been received from parties for all of the Loyalty Options forming the Shortfall Offer.

The Loyalty Options will be allotted and holding statements will be despatched to subscribers in accordance with the timetable set out in the Prospectus. The Company will seek quotation of the Loyalty Options subject to satisfaction of the quotation requirements under the ASX Listing Rules.

CORPORATE DIRECTORY

This announcement has been authorised by the Board of Directors.

WARREN HALLAM

Non-Executive Chairman

JAMES FARRELL

Ends

For further information, please contact:

Executive Director and CEO

Kingfisher Mining Limited

SCOTT HUFFADINE

Non-Executive Director

STEPHEN BROCKHURST

Company Secretary

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

MEDIA & INVESTOR ENQUIRIES

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

ABN: 96 629 675 216

P: +61 8 9481 0389 E: info@kingfishermining.com.au

Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA

* Based on a share price of $0.565 as of 25 November 2022

About Kingfisher Mining Limited

Kingfisher Mining Limited ( ASX:KFM ) is a mineral exploration company committed to increasing value for shareholders through the acquisition, exploration and development of mineral resource projects throughout Western Australia. The Company’s tenements and tenement applications cover 1,676km[2] in the underexplored Ashburton and Gascoyne Mineral Fields.

The Company has made a break through high grade rare earth elements discovery in the Gascoyne region where it holds a target strike length of more than 50km along the mineralised corridor and 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.

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

www.kingfishermining.com.au

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ASX KFM