Mr. Zach Flood reports

KENORLAND MINERALS COMMENCES 2026 MAIDEN DRILL PROGRAM AT THE WESTERN WABIGOON PROJECT, ONTARIO

Kenorland Minerals Ltd. has commenced the maiden diamond drill program at the Western Wabigoon project, located in Northwestern Ontario and held under an option agreement with a subsidiary of Centerra Gold Inc.

2026 summer exploration program

A total budget of $3.2-million has been approved by Centerra for the 2026 summer exploration program, consisting of diamond drilling at the W2 target and additional heavy mineral concentrate (HMC) till surveys, mapping and prospecting at regional targets. The maiden drill program comprises up to 3,650 metres (m) of drilling, with planned drill hole fences spaced 250 to 500 m apart to test a 2.5-kilometre (km) strike length of the target area. Systematic exploration carried out since 2024 has defined the W2 target as a strong, coherent three km long gold-in-till and HMC gold grain anomaly. It encompasses numerous multigram-per-tonne gold (Au) showings from past trenching and shallow drilling within an area historically known as the Sorry Mac trend. Kenorland will operate the program, with drilling activities expected to conclude in late June.

W2 target (Sorry Mac trend) summary

Large-scale systematic geochemical surveys completed between 2024 and 2025 have defined W2 as the priority target within an approximately 19 km gold-in-till and HMC gold grain trend along the major Manitou-Dinorwic deformation zone (see news release dated Dec. 2, 2025). The underlying geology is characterized by northeast and north-northeast-trending structural lineaments associated with interpreted fold interference patterns within mafic-intermediate volcanic stratigraphy adjacent to the Bretz Lake felsic pluton. Bedrock gold mineralization is associated with strong deformation, silica-sericite-iron-carbonate alteration, quartz-iron-carbonate-arsenopyrite-pyrite veining and stockwork, and disseminated sulphide mineralization. Surface work completed by Kenorland has confirmed gold mineralization with rock samples assaying up to 7.75 grams per tonne (g/t) Au. This work has significantly expanded the footprint beyond the limited historical trenching and shallow drilling along the Sorry Mac trend, highlighting the potential for new discoveries through systematic drilling.

About the Western Wabigoon project

The Western Wabigoon project is situated within the Western Wabigoon subprovince and covers key intersections of major deformation zones within the Archean greenstone belt. In the northern portion of the property, the Pipestone-Cameron deformation zone (PCdz) intersects both the Manitou-Dinorwic deformation zone (MDdz) and the Helena-Pipestone deformation zone (HPdz). The PCdz hosts the Cameron orogenic gold deposit 30 km to the northwest of the property boundary, while the HPdz hosts the Rainy River deposit 50 km to the southwest. These high-strain structural corridors also host numerous gold showings associated with quartz-iron-carbonate veins, altered shear zones and porphyry dikes.

The project is held under an earn-in agreement with a subsidiary of Centerra Gold (see news release dated June 25, 2025), whereby Centerra can earn up to a 70-per-cent interest in the project by financing staged exploration and delivering a preliminary economic assessment (PEA). Upon earn-in, a joint venture will be formed, with Kenorland retaining the right to a carried interest through to completion of a prefeasibility study (PFS), after which both parties will contribute pro rata to development.

Kenorland also retains a 2-per-cent net smelter return (NSR) royalty over the claims of the project.

Qualified person

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

About Kenorland Minerals Ltd.

Kenorland Minerals 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 greenfields 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 greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an inferred mineral resource of 14.5 million tonnes at 5.47 g/t Au for 2.55 million ounces (oz) of gold. Kenorland is based in Vancouver, B.C., Canada.

We seek Safe Harbor.