Mr. Tim McCutcheon reports

KENADYR METALS TO BECOME ALGO GRANDE COPPER, SECURES PATH TO 100% OWNERSHIP OF THE ADELITA PROJECT, TSXV REACTIVATION, $3M FINANCING AND BOARD CHANGES

Kenadyr Metals Corp., to be renamed Algo Grande Copper Corp., has launched its copper-focused growth strategy with the proposed reactivation on the TSX Venture Exchange. As part of the transaction, Algo Grande is consolidating 100-per-cent ownership of the 5,985-hectare Adelita project, having signed a definitive agreement to acquire the remaining 20-per-cent interest. This builds on the initial agreement to acquire an 80-per-cent stake, securing full control of the district-scale asset (see news release date June 20, 2025). Located in the Sonora-Arizona copper belt, the project is anchored by a near-surface, high-grade copper-gold-silver skarn system, multiple untested skarn targets and a 4.5-kilometre porphyry anomaly.

Algo Grande is advancing a North America-focused high-grade copper strategy, aiming to unlock shareholder value through modern, data-driven exploration. The company has assembled an experienced and well-rounded team with deep technical expertise and capital market experience. The company is pleased to announce that Gord Neal plans to join the board in connection with the completion of the acquisition of the Adelita project. Mr. Neal has more than 30 years of management experience in the metal and mining sector, beginning his career as vice-president of corporate development at Mag Silver Corp. Mr. Neal has raised over $750-million for various resource companies. Mr. Neal is joining a veteran team of mining executives and entrepreneurs:

• Company's technical advisory board is led by renowned exploration geologist Dr. Peter Megaw, co-founder of Mag Silver, and is further strengthened by respected mining executive Michael Williams and mining engineer John McVey;
• Company's management team includes Tim McCutcheon (chief executive officer) and Kevin Ma (executive director) with a combined 50 years of mining executive and capital market experience.

This team brings a proven record of value creation across exploration, project development and strategic corporate growth.

Timothy McCutcheon, chief executive officer of Kenadyr, commented: "Algo Grande is building a copper company designed to give stakeholders maximum leverage to rising copper prices. We are honoured to have Dr. Peter Megaw on our team and, now, to welcome Gord Neal. Gord played a key strategic role alongside Peter during Mag Silver's early growth, and, together, they bring tremendous value and proven discovery-to-development expertise to Algo Grande."

About the Adelita project

The Adelita project is anchored by the Cerro Grande skarn discovery, a near-surface copper-gold-silver system open along strike and depth. Leveraging over $8-million (U.S.) in historical exploration data -- including 7,000 metres of drilling and extensive geophysical surveys (VTEM, induced polarization and magnetics).

Project highlights:

• The 5,985-hectare Adelita project hosts a pipeline of untested, high-priority targets beyond the Cerro Grande skarn discovery, which covers just approximately 5 per cent of the property;
• Multiple high-priority skarn targets along a six-kilometre untested corridor, in addition to a large 4.5-kilometre porphyry-related geophysical and geochemical anomaly;
• Exploration permit and social licence secured; inaugural drill program scheduled for fall 2025;
• Historic drill results (Cerro Grande skarn zone):
  • 47.64 metres of 1.05 per cent copper, 0.46 gram per tonne gold and 46.00 g/t silver;
  • 22.35 m of 1.35 per cent Cu, 0.51 g/t Au and 69.00 g/t Ag;
  • 11.20 m of 1.11 per cent Cu, 0.59 g/t Au and 39.90 g/t Ag;
• Strategic location and infrastructure: the Adelita project is situated in the top copper-producing state in Sonora, Mexico, accounting for 80 per cent of the country's copper production; the project benefits from road access, nearby grid power and water availability, and is approximately 300 kilometres from the Guaymas deepwater port;
• Its proximity to regional smelting infrastructure currently processing low-grade porphyry feed presents a strategic opportunity for Algo Grande to supply high-grade supplemental material.

All technical information in this news release regarding the Adelita project, including historical drill intercepts and exploration data, is derived from the "Technical Report for the Adelita Project, Sonora, Mexico," dated June 10, 2021, prepared by Mark T. Smethurst, PGeo, for Infinitum Copper Corp., and filed under Infinitum Copper's profile on SEDAR+.

Securing 100-per-cent ownership in high-grade Cu-Au-Ag Adelita project

Kenadyr announces that it has entered into an asset purchase agreement dated Aug. 12, 2025, with Minaurum Gold Inc., an arm's-length party to Kenadyr, and Minera Minaurum Gold SA de CV, a private Mexican company, to acquire Minaurum's 20-per-cent right, title and interest in the Adelita project. The transaction is expected to complete concurrently with the corporation's acquisition of Exploraciones Margarita SA de CV, a private Mexican company holding an 80-per-cent interest in the Adelita project (see news release dated June 20, 2025), resulting in the corporation acquiring a 100-per-cent interest in the property.

Under the terms of the Minaurum agreement, Kenadyr will acquire a 20-per-cent interest in and to the property in exchange for:

• 313,953 common shares in the capital of the corporation, representing $135,000 of common shares to be issued at a price of 43 cents per common share; and
• A 1-per-cent net smelter return royalty from the sale of any ores, minerals, mineral substances, metals or concentrates derived from the property.

The acquisitions are subject to customary conditions, including approval by the TSX Venture Exchange. The acquisitions will be a fundamental acquisition for Kenadyr, with Kenadyr applying to reactivate from NEX to the TSX Venture Exchange as described below. Trading in the common shares will remain halted pending receipt and review of acceptable documentation pursuant to Section 5.6(d) of TSX-V Policy 5.3.

$3-million reactivation financing

In connection with the acquisitions, Kenadyr will complete a concurrent non-brokered private placement of subscription receipts at a price of 37.5 cents per subscription receipt for aggregate gross proceeds of approximately $3-million. Each subscription receipt will convert into one common share subject to the satisfaction of certain escrow release conditions, including the completion of the acquisitions and approval of the TSX-V. The proceeds of the financing will be held in escrow pending satisfaction of the escrow release conditions.

Closing of the offering is subject to customary conditions, including TSX-V approval. Proceeds from the financing will be used to finance payment obligations and exploration expenditures relating to the property and for general working capital purposes.

The corporation may pay finders' fees to eligible parties in accordance with applicable securities laws and TSX-V policies. Securities issued pursuant to the financing will be subject to a statutory hold period of four months plus one day.

Application for reactivation to TSX-V

It is anticipated that the acquisitions and the financing will result in the corporation satisfying the TSX-V's continued listing requirements for a Tier 2 mining issuer. In connection with the acquisitions and the financing, the corporation intends to apply to the TSX-V to graduate from the NEX board of the TSX-V to Tier 2 of the TSX-V.

It is also anticipated that, in connection with the acquisitions and the financing, the corporation will change its name to Algo Grande Copper Corp. The corporation will issue a further news release upon receiving exchange approval, announcing the effective date of the name change.

Qualified person and National Instrument 43-101 disclosure

The scientific and technical information contained in this news release has been reviewed and approved by Lorne Warner, an independent qualified person for Kenadyr Metals as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Mr. Warner has examined information regarding the historical exploration at the Adelita project, which includes his review of the historical sampling, analytical procedures and two site visits to verify drill collar locations and personally collect rock samples for analysis. Mr. Warner also completed a technical National Instrument 43-101 report on the property in 2021 and recently completed a second technical report on the property, yet to be published.

Management notes that historical results were collected and reported by operators unrelated to Kenadyr Metals, but have been verified by its qualified person; as a result, the historical results create a scientific basis for continuing work in the Kenadyr Metals Adelita property. Management cautions that historical results, discoveries and any published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the Kenadyr Metals Adelita property.

About Kenadyr Metals Corp.

Kenadyr, to be renamed Algo Grande Copper, is advancing a high-grade copper exploration project in the Sonora-Arizona copper belt, one of the world's most productive copper regions, comparable in scale with Chile's Andean belt.

The company has entered into agreements to acquire the Adelita project, which is anchored by the Cerro Grande skarn, a high-grade, near-surface copper-gold-silver system in Sonora, Mexico. With over 7,000 metres of historical drilling, extensive geophysical data (VTEM, IP and magnetics) and multiple untested targets, the project offers district-scale upside. Legacy data sets are being reprocessed using artificial-intelligence-assisted 3-D geophysical modelling to refine drill targets and guide potential resource delineation.

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