An anonymous director reports

KARNALYTE RESOURCES INC. ANNOUNCES ANNUAL MEETING VOTING RESULTS

All nominee directors listed in the management information circular dated May 16, 2024, were elected as directors of Karnalyte Resources Inc. at the annual meeting of the company's shareholders held on June 25, 2024, in Saskatoon, Sask.

At the meeting, 27,419,071 shares were voted, representing 51.46 per cent of the company's issued and outstanding common shares. The voting results for all matters brought forth at the meeting are set out in the attached table.

About Karnalyte Resources Inc.

Karnalyte Resources is a development-stage company focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. Karnalyte owns the construction-ready Wynyard potash project, with planned phase 1 production of 625,000 tonnes per year of high-grade granular potash and two subsequent phases of 750,000 tonnes per year each, taking total production up to 2,125,000 tonnes per year. Karnalyte is also exploring the development of the Proteos nitrogen project, which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day of ammonia and approximately 1,200 metric tonnes per day of urea and a target customer market of independent fertilizer wholesalers in central Saskatchewan.