Mr. Tim McCutcheon reports

KENADYR METALS CLOSES SECOND TRANCHE OF SUBSCRIPTION RECEIPT FINANCING AND ANNOUNCES UPSIZE TO $3,800,000

Kenadyr Metals Corp., further to its news release dated Sept. 15, 2025, has closed the second tranche of a non-brokered private placement of 1,959,665 subscription receipts of Kenadyr at a price of 37.5 cents per subscription receipt for gross proceeds of $734,874.38. The offering was announced on Aug. 18, 2025, in connection with Kenadyr's proposed reactivation on the TSX Venture Exchange and acquisition of the Adelita project. In addition to the first tranche closing proceeds of $2,281,513.75, the offering has raised $3,016,388.13 in aggregate gross proceeds.

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-V. 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 $17,587.50 and issued 46,900 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.

Additionally, the corporation is pleased to increase the size of the offering from $3-million to $3.8-million. The proceeds from the offering, including from the upsize, will be allocated toward exploration expenses and property payments on the Adelita project, salaries and consulting fees, marketing and investor relations, payment of existing accounts payable, loan repayments, and other general and administrative expenses, including legal, accounting and audit expenses.

The corporation expects to close the third and final tranche of the offering in due course. The offering remains subject to approval of the TSX-V.

About Kenadyr Metals Corp.

Kenadyr Metals, 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 Cu-Au-Ag (copper-gold-silver) system in Sonora, Mexico. With over 7,000 metres of historical drilling, extensive geophysical data (VTEM (versatile time-domain electromagnetic), IP (induced polarization) and magnetics) and multiple untested targets, the project offers district-scale upside. Legacy data sets are being reprocessed using AI-assisted (artificial intelligence) 3-D geophysical modelling to refine drill targets and guide potential resource delineation.

We seek Safe Harbor.