Mr. Zach Flood reports

KENORLAND EXPANDS EXPLORATION PORTFOLIO IN ONTARIO AND INTO NEW BRUNSWICK

Kenorland Minerals Ltd. has acquired, through staking, 125,430 hectares of mineral claims within the Onaman-Tashota greenstone belt in Northern Ontario, as well as 119,779 hectares of mineral claims located in central New Brunswick (the Atlantic project). In addition, Kenorland has entered into a purchase and sale agreement, dated May 26, 2025, with a private B.C. company pursuant to which Kenorland has purchased a 100-per-cent interest in 31,052 hectares of mineral claims adjacent to the Atlantic project.

Zach Flood, president and chief executive officer of Kenorland Minerals, stated: "The recent additions in Ontario and New Brunswick continue the steady expansion of Kenorland's exploration portfolio into underexplored yet highly prospective regions of Canada. As demand for quality grassroots opportunities grows, we remain committed to applying our systematic approach to generate and advance new discoveries."

About the Kowkash project

Kenorland acquired the 125,430-hectare Kowkash project in Northwestern Ontario through map staking. The project covers a prospective terrane with relatively low exploration maturity, largely concealed by glacial overburden. It covers a portion of the Onaman-Tashota greenstone belt in the eastern Wabigoon subprovince of the Archean Superior province. This underexplored greenstone belt is composed of a sequence of metavolcanic and metasedimentary rocks intruded by syn to posttectonic plutons. The project area is transected by major regional structures, including splays of the Tashota-Geraldton-Terrace Bay deformation zone, and is prospective for orogenic and volcanic-hosted massive sulphide mineralization styles hosting high-grade gold, silver, copper and zinc. Historic showings in the area, including the Marshall Lake VHMS and Louanna orogenic showings, have identified significant alteration systems and mineralization, indicating a fertile geological environment. The Kowkash project represents a compelling opportunity for discovery in one of Ontario's lesser-explored greenstone belts. The company plans to complete a first-pass regional geochemical sampling program during the 2025 summer field season.

About the Atlantic project

In addition to the 31,052 hectares acquired through the purchase agreement, Kenorland acquired a further 119,779 contiguous hectares through map staking, bringing the total project area to 150,831 hectares. The Atlantic project is situated within the northern Appalachian orogen of western New Brunswick, covering a highly prospective segment of the Gander and Dunnage zones -- recognized for hosting a variety of gold and polymetallic deposits. The project area encompasses a diverse assemblage of Silurian to Devonian volcanic, volcaniclastic and sedimentary rocks intruded by felsic to mafic plutons. This setting is prospective for epithermal, VHMS and intrusion-related mineralization styles hosting significant gold, silver, lead, zinc and copper. Key mineralized showings in the project area include the Williams Brook epithermal, Costigan Mountain epithermal, Sewell Brook VHMS and Lewis Brook epithermal deposits. These occur within favourable structural corridors and lithologic contacts of the Tobique-Chaleur metallogenic belt, an emerging and active exploration district. The Atlantic project area has seen limited historical work, presenting a unique opportunity for discovery through modern, systematic exploration approaches.

Terms of the purchase agreement

Pursuant to the purchase agreement, the company will acquire a 100-per-cent interest in the Atlantic project through the issuance of common shares of the company, having a deemed value of $174,440.76. Additionally, the company will grant a 0.5-per-cent net smelter return royalty applicable only to the mineral claims acquired under the purchase agreement.

All shares issuable pursuant to the purchase agreement will have a deemed issuance price equivalent to the market price of such shares at the time of issuance. The shares will also be subject to a four-month-and-one-day resale restriction from the date of their issuance. The purchase agreement and the issuance of the shares thereunder are subject to the approval of the TSX Venture Exchange.

Qualified person

Janek Wozniewski, BSc, PGeo (EGBC No. 172781, APEGS No. 77522, EGMB No. 48045 and PGO No. 3824), a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Kenorland Minerals Ltd.

Kenorland is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfield projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4-per-cent net smelter return royalty on the Frotet project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet project hosts the Regnault gold system, a greenfield discovery made by Kenorland and Sumitomo Metal Mining Canada in 2020. Kenorland is based in Vancouver, B.C., Canada.

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