Ms. Danielle Favreau reports

KARNALYTE RESOURCES INC. INITIATES STRATEGIC ASSET SALE OF SURPLUS EQUIPMENT

Karnalyte Resources Inc. is pursuing the sale of certain non-essential assets from its Wynyard project as part of its continuing efforts to optimize its business operations and advance the project.

"The asset sale allows us to advance the focus on our strategic objectives," said Danielle Favreau, interim chief executive officer. "Cleaning up underused assets from the project site helps the company remain cost efficient and allows us to reallocate resources to where they are most needed as we work toward the successful development of our Wynyard project."

Assets for sale include a loader, skid steer, rig mats, miscellaneous office supplies and equipment. The proceeds from the asset sale will be reinvested into Karnalyte's Wynyard project development activities.

The sale is being held by Saskatchewan-based McDougall Auctioneers Ltd.

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.

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