Mr. Zach Flood reports

KENORLAND MINERALS FILES NI 43-101 TECHNICAL REPORT ON THE FROTET PROJECT, QUEBEC

Further to the news release dated Dec. 16, 2025, Kenorland Minerals Ltd. has filed a National Instrument 43-101 technical report for the Frotet project on SEDAR+. The report, titled "NI 43-101 Technical Report, Frotet Project-Regnault Deposit, Chibougamau, Quebec, Canada," presents an initial mineral resource estimate at the Regnault gold deposit. The mineral resources estimate contains 14.5 million tonnes of 5.47 grams per tonne gold for 2.55 million ounces of gold in the inferred category. Kenorland Minerals hold a 4-per-cent net smelter return royalty on the project, which is 100 per cent owned and operated by Sumitomo Metal Mining Canada Ltd.

The technical report has an effective date of Nov. 30, 2025, and a report date of Jan. 29, 2026. Marie-Christine Gosselin, PGeo, geo, a qualified person with SLR Consulting (Canada) Ltd., a registered member of the Ordre des Geologues du Quebec (OGQ No. 02060), acted as a qualified person as defined under NI 43-101. The report is available under Kenorland's profile on SEDAR+.

About Frotet project

The project covers 38,930 hectares of the Frotet-Evans greenstone belt within the Opatica geological subprovince of Quebec. The property is adjacent to the past-producing Troilus Mining Corp.'s gold-copper mine (9.32 million ounces gold indicated mineral 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 includes the Regnault gold deposit, 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 131,713 metres of drilling (296 drill holes) to date and hosts an inferred mineral resource of 14.5 million tonnes at 5.47 g/t Au for 2.55 million ounces of gold.

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.

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, which contains an inferred mineral resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, B.C., Canada.

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