Mr. Zach Flood reports

KENORLAND REPORTS HIGH-GRADE INTERCEPT OF 26.33 G/T AU OVER 12.15M ON R6 VEIN SET AT FROTET PROJECT, QUEBEC AND INITIATION OF A MINERAL RESOURCE ESTIMATE

Kenorland Minerals Ltd. has released the remaining results from the winter 2025 drill program at the Frotet project, located in Northern Quebec. Assays from the last 13 of 34 drill holes completed, including 8,865 metres of the 22,913-metre program, are reported herein. The company also announces the transfer of operatorship to Sumitomo Metal Mining, as well as the initiation of the maiden mineral resource estimate, prepared in accordance with National Instrument 43-101 and expected to be completed by late 2025 or early 2026. Kenorland currently holds a 4-per-cent net smelter return royalty on the project.

Drill highlights include the following:

• 25RDD261: 12.15 metres at 26.33 grams per tonne gold, including 1.80 m at 99.64 g/t Au at R6;
• 25RDD257: 7.80 m at 13.98 g/t Au, including 1.15 m at 81.01 g/t Au at R1;
• 25RDD259: 4.50 m at 18.06 g/t Au, including 1.60 m at 47.14 g/t Au at R1;
• 25RDD262: 0.60 m at 91.60 g/t Au at R9;
• 25RDD258: 1.70 m at 31.59 g/t Au, including 0.35 m at 145.90 g/t Au at R5;
• 25RDD257: 14.40 m at 3.45 g/t Au, including 4.60 m at 7.51 g/t Au at R6;
• 25RDD264: 4.80 m at 9.85 g/t Au, including 1.15 m at 32.16 g/t Au at R6.

Discussion of results

The 2025 winter drill program focused on stepping out along known mineralized structures, as well as increasing confidence in vein system geometry and grade continuity through targeted infill drilling. Drill holes were optimized to maintain 50- to 100-metre spacing within the known mineralized footprint.

Along the R6 trend, stepout drilling continued to return significant high-grade mineralization with 25RDD261, intersecting 12.15 m at 26.33 g/t Au, including 1.80 m at 99.64 g/t Au, and including 1.20 m at 93.48 g/t Au, a 92-metre stepout at depth toward the north of 23RDD161, which returned 14.35 m at 1.97 g/t Au, including 1.72 m at 8.83 g/t Au. Infill drilling within R6 returned 14.40 m at 3.45 g/t Au, including 4.60 m at 7.51 g/t Au in 25RDD257, located 65 m to the east of 24RDD217 (9.75 m at 6.91 g/t Au, including 0.95 m at 44.99 g/t Au), and 25RDD264, which returned 4.80 m at 9.85 g/t Au, including 1.15 m at 32.16 g/t Au, and 48 m west of 24RDD200A (7.55 m at 6.19 g/t Au including 1.85 m at 17.29 g/t Au).

Drilling completed during the 2025 program along the R1 trend has reduced drill spacing to approximately 50 metres along significant portions of the R1 vein system, increasing confidence in the current vein models. Highlights from infill drill holes along the R1 mineralized structure include 7.80 m at 13.98 g/t Au, including 1.15 m at 81.01 g/t Au in 25RDD257, 43 m west of 24RDD209 (6.50 m at 4.93 g/t Au, including 1.80 m at 14.77 g/t Au), and 4.50 m at 18.06 g/t Au, including 1.60 m at 47.14 g/t Au in 25RDD259, 67 m below 23RDD160 (4.04 m at 4.65 g/t Au, including 0.5 m at 29.10 g/t).

Other significant results from the 2025 winter drill program include 1.70 m at 31.59 g/t Au, including 0.35 m at 145.90 g/t Au from 25RDD258 along R5, a 45-metre stepout to the east of 24RDD197 (0.85 m at 20.15 g/t Au); drill hole 25RDD255 with 22.40 m at 1.99 g/t Au, including 0.90 m at 24.00 g/t Au, an infill intercept along R9 located 85 m downdip to the west of 24RDD195 (7.85 m at 2.32 g/t Au, including 0.50 m at 16.80 g/t Au); and 9.00 m at 2.58 g/t Au, including 0.70 m at 17.90 g/t Au from infill drill hole 25RDD260 along R2E, located 80 m west of 23RDD159 (9.62 m at 4.22 g/t Au, including 0.40 m at 57.60 g/t Au).

Stepout and infill drilling during the 2025 winter program has continued to confirm the scale, continuity and high-grade nature of the Regnault system. Stepout holes returned some of the most significant mineralization intersected to date, remaining open and highlighting strong potential for growth at depth. Geological and vein models are being updated to guide targeting for the 2025 summer drill campaign and support advancement toward a maiden mineral resource estimate, expected in late 2025 or early 2026.

Operatorship transfer and mineral resource estimate

Kenorland announces the transfer of operatorship of the Frotet project to Sumitomo Metal Mining Canada Ltd. The company will remain involved on a consulting basis, and retains records access rights, enabling continued reporting on exploration progress, including drill results and technical studies. Kenorland and Sumitomo have engaged an independent consulting firm to write a maiden mineral resource estimate for the Regnault gold system at the Frotet project, which will provide an independent statement, prepared in accordance with National Instrument 43-101, of the size, grade and confidence level of the mineralization. The supporting technical report will be filed by Kenorland on its SEDAR+ profile, marking a key milestone to inform future economic studies and potential development of the Regnault gold system.

Table of assay results from 2025 winter drill program

About the Frotet project

The project covers 39,365 hectares of the Frotet-Evans greenstone belt within the Opatica geological subprovince of Quebec. The property is adjacent to the past-producing Troilus Gold Corp.'s gold-copper mine (9.32 million ounces Au indicated resource) and covers several major deformation zones associated with known orogenic gold prospects, as well as stratigraphy hosting volcanogenic massive sulphide deposits elsewhere in the belt. Kenorland initially staked the project in 2017, and then entered into a joint venture and earn-in agreement with Sumitomo in 2018.

The project hosts the Regnault gold system, a greenfield discovery made by Kenorland and Sumitomo in 2020 following two years of systematic exploration. Since the initial discovery, Regnault has seen extensive exploration, totalling 127,217 metres of drilling (265 drill holes).

On Feb. 19, 2024, Kenorland closed a transaction to exchange its 20-per-cent participating interest in the Frotet joint venture with Sumitomo to a 4-per-cent net smelter return royalty.

The project is located 100 kilometres to the north of Chibougamau, Que. Favourable infrastructure exists in the project area with an extensive forestry road network as well as the Route-du-Nord crossing the southwestern portion of the property. A power transmission line also crosses through the property, which supplied power to the past-producing Troilus mine.

Quality assurance/quality control and core sampling protocols

All drill core samples were collected under the supervision of Kenorland employees. Drill core was transported from the drill platform to the logging facility where it was logged, photographed and split by diamond saw prior to being sampled. Samples were then bagged, and blanks and certified reference materials were inserted at regular intervals. Groups of samples were placed in large bags, sealed with numbered tags to maintain a chain of custody and transported from Chibougamau to Bureau Veritas Commodities laboratory in Timmins, Ont.

Sample preparation and analytical work for this drill program were carried out by BV. Samples were prepared for analysis according to BV method PRP70-250: Individual samples were crushed to two millimetres (10 mesh), and a 250-gram split was pulverized to 75 micrometres (200 mesh) for analysis and then assayed for gold. Gold in samples were analyzed using BV method FA430, where a 30-gram split is analyzed with fire assay by lead collection and AAS finish. Overlimit gold samples were reanalyzed using BV method FA530, where a 30-gram split is analyzed with fire assay by Pb collection and gravimetric finish. Multielement geochemical analysis (45 elements) was performed on all samples within the mineralized zones and alteration halos using BV method MA200, where a 0.25-gram split is by multiacid digest with ICP-MS/ES finish. All results passed the QA/QC screening at the lab, and all company inserted standards and blanks returned results that were within acceptable limits.

Qualified person

Cedric Mayer, MSc, PGeo (OGQ No. 02385), senior project geologist at Kenorland, 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. The Frotet project hosts the Regnault gold system, a greenfield discovery made by Kenorland and Sumitomo in 2020. Kenorland is based in Vancouver, B.C., Canada.

We seek Safe Harbor.