Mr. Tim McCutcheon reports

KENADYR METALS CLOSES FIRST TRANCHE OF SUBSCRIPTION RECEIPT FINANCING

Kenadyr Metals Corp. has closed the first tranche of a non-brokered private placement of 6,034,036 subscription receipts of Kenadyr at a price of 37.5 cents per subscription receipt for aggregate gross proceeds of $2,262,763.50. The offering was announced on Aug. 18, 2025, in connection with Kenadyr's proposed reactivation on the TSX Venture Exchange and the acquisition of the Adelita project.

Each subscription receipt will convert into one common share in the capital of Kenadyr subject to the satisfaction of certain escrow release conditions, including the completion of the proposed transaction and approval of the TSX Venture Exchange. The proceeds of the offering will be held in escrow pending satisfaction of the escrow release conditions. When released from escrow, proceeds from the offering will be used to finance payment obligations and exploration expenditures relating to the Adelita project and for general working capital purposes.

In connection with the first tranche closing, Kenadyr paid cash finders' fees of $102,865.09 and issued 274,307 finders' warrants to certain eligible finders. Each finder's warrant is exercisable to acquire an additional common share at an exercise price of 37.5 cents for a term ending 24 months after issuance.

The offering remains subject to the approval of the TSX Venture Exchange. Further information regarding the proposed transaction can be found in the company's news release filed on Aug. 18, 2025.

About Kenadyr Metals Corp.

Kenadyr to be renamed Algo Grande Copper Corp. is advancing a high-grade copper exploration strategy 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, induced polarization 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.

We seek Safe Harbor.