Mr. Zach Flood reports

KENORLAND AND AURANOVA COMMENCE PHASE 4 DRILL PROGRAM AT THE SOUTH UCHI PROJECT, ONTARIO

Kenorland Minerals Ltd. and Auranova Resources Inc. have commenced the 2026 fall (phase 4) diamond drill program at the South Uchi project, located in the Red Lake district of Ontario. The program will comprise approximately 5,000 metres of diamond drilling focused on the North Papa trend within the Papaonga target area, where phase 3 drilling confirmed significant broad zones of gold mineralization (see press release dated June 17, 2026). Drilling will follow-up on previous mineralized intercepts and test chargeability and resistivity anomalies defined by this summer's induced polarization (IP) survey.

Phase 4 drill program

The program will follow-up on hole 26PADD046, testing along strike as well as step-out at depth, building on mineralized intercepts reported from the phases 2 and 3 drill campaigns along the North Papa trend (see press releases dated Jan. 28, 2026, and June 17, 2026). Previous drilling was completed along widely spaced fences roughly 500 metres apart along the North Papa trend. The planned drill holes are designed as modest stepouts along strike from 26PADD046, and at depth to better define geometries of the approximately 200-metre-wide mineralized corridor and possibly identify higher-grade portions of the system through understanding the structural and geological controls.

The North Papa trend is defined by a gold-mineralized quartz feldspar porphyry hosted by a regional east-west-trending, belt-parallel deformation zone. Drill hole 26PADD046 intersected multiple broad zones of gold mineralization returning 14.00 metres at 0.28 gram per tonne Au, 65.45 m at 0.34 g/t Au including 21.00 m at 0.58 g/t Au and 35.65 m at 0.31 g/t Au. Mineralization is hosted within both felsic and mafic volcanic rocks, associated with strong deformation, pervasive silica-sericite plus or minus albite alteration and disseminated to stringer style sulphides.

Drilling has also been designed to test mineralization related to the tholeiitic to calc-alkaline volcanic contact that includes 26PADD046 with 7.70 m at 1.13 g/t Au including 1.00 m at 7.07 g/t Au, and 26PADD043 (located 500 m to the east) that returned 3.75 m at 3.65 g/t Au including 1.45 m at 9.09 g/t Au. The mafic volcanic hosted gold mineralization is accompanied by silica-sericite alteration, quartz-carbonate veining and pyrite-pyrrhotite mineralization.

Kenorland remains operator of the project, with drilling activities expected to be completed by mid-November.

About South Uchi project

The South Uchi project was first identified and staked by Kenorland based on the under-explored region's prospectivity to host significant gold mineralized systems. The project covers a portion of Confederation Assemblage volcanic rocks, as well as the boundary between the Uchi geological subprovince to the north and the English River geological subprovince to the south. Multiple major east-west-striking deformation zones associated with the subprovince boundary transect the project, resulting in zones of strong shearing and folding of the supracrustal stratigraphy, which are favourable settings for orogenic gold mineralization. Prior to Kenorland staking the project, records indicated little to no systematic exploration had been completed and the land package remained underexplored. The majority of gold deposits in the Red Lake district (Red Lake, Madsen, Hasaga and others) are located on the northern margin of the Confederation Assemblage. However, recent discoveries such as the LP fault zone on the Dixie project by Great Bear Resources Ltd. (acquired by Kinross Gold and renamed Great Bear project) highlight the prospectivity of the entire Confederation Assemblage along the southern margin of the Uchi subprovince.

Kenorland announced on Dec. 2, 2024, that it had entered into a definitive agreement with Auranova, granting Auranova the right to earn up to a 70-per-cent interest in the project. Pursuant to the agreement, Auranova may earn an initial 51-per-cent interest in the project by making cash payments totalling $500,000 to Kenorland, completing a diamond drilling program with at least $8-million in qualifying expenditures or completing 15,000 metres of drilling within two years of receiving a drill permit, issuing Kenorland 19.9 per cent of Auranova's common shares, and maintaining Kenorland's 19.9-per-cent share position until Auranova raises a minimum of $10-million through share issuances, after which Kenorland's stake will remain at 10 per cent on a pro-rata basis through to the completion of a preliminary economic assessment (the PEA).

Kenorland has received the $500,000 in cash payments and currently holds 9,242,267 common shares of Auranova, and confirms that Auranova has now earned a 51-per-cent ownership interest in the project (see press release dated July 2, 2025). Further, Auranova may earn an additional 19-per-cent interest, for a total of 70 per cent, by incurring an additional $10-million in qualifying expenditures on or before the third anniversary of Auranova's election to proceed with the second option. Kenorland will also retain a 30-per-cent carried interest in the project through to the completion of the PEA, at which point a joint venture will be formed.

Kenorland also holds a 2-per-cent net smelter return royalty on the project (see press release dated Sept. 16, 2024).

Qualified persons

Janek Wozniewski, BSc, PGeo (EGBC No. 172781, APEGS No. 77522, EGMB No. 48045, PGO No. 3824, APEGNB No. L7273), vice-president of operations at Kenorland and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

William Yeomans, BSc, PGeo (EGBC No. 027187, PGO No. 2177), an independent 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 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 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, B.C., Canada.

About Auranova Resources Inc.

Auranova Resources is an explorer of precious metal projects in the highly prospective Red Lake region of Ontario. Its directors and major shareholders are Thomas Obradovich, Chris Taylor, Timothy Young, William Rand and Blair Zaritsky. The company is focused on the discovery of new gold systems in the Birch Uchi belt in partnership with Kenorland Minerals Ltd., as well as expanding its presence in the greenstone belts of Ontario.

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