Mr. Tim McCutcheon reports

KENADYR ANNOUNCES RESULTS OF ANNUAL AND SPECIAL SHAREHOLDERS' MEETING

Kenadyr Metals Corp. has released its annual and special meeting of shareholders held earlier today. All matters presented for approval at the meeting were duly authorized and approved, as follows:

• Approval of the audited consolidated financial statements of the company for its financial year ended Dec. 31, 2022, and the report of the auditor thereon;
• Election of Timothy McCutcheon, Michael Velletta and Jonathan Yan as directors of the company for the ensuring year;
• Appointment of Dale Matheson Carr-Hilton LaBonte LLP as auditor of the company for the ensuing year and authorization of the directors to fix their remuneration;
• Approval of the special resolution to sell the company's wholly owned subsidiary, Kenadyr Mining Corp.;
• Approval of the company's 10-per-cent rolling stock option plan.

As previously announced on Oct. 19, 2023, and described in more detail in the company's information circular dated Nov. 2, 2023, prepared in connection with the meeting, the company has agreed to the sale of its wholly owned subsidiary Kenadyr Mining to an arm's-length third party for consideration of a cash payment of $1-million (U.S.), subject to adjustment for any working capital deficiency. The company expects to complete the sale in the near future, upon satisfaction of all conditions of closing, including the final approval of the TSX Venture Exchange. Kenadyr's CEO, Tim McCutcheon, stated: "I am pleased that shareholders passed all matters at the shareholders meeting. We will release further announcements as the last conditions precedents are satisfied for closing the sale of Kenadyr Mining Corp."

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