ALGR.V · 2025-04-25 12:00:00

Kenadyr Announces Closing of Private Placement of Common Shares

Financings

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VANCOUVER, BC – April 25, 2025 - Kenadyr Metals Corp. (TSX-V: KEN.H; OTC-MKTS: KNDYF; FRA: KM0)

(the “Company” or “Kenadyr”) is pleased to announce, further to its news release dated March 25, 2025,

that it has closed its non-brokered private placement of 16,666,700 common shares (the “ Shares”) at an

issue price of $0.06 per Share for gross proceeds of $1,000,000 (the “Offering”).

Approximately $700,000 of the net proceeds of the Offering will be used to settle liabilities and the

remaining $300,000 will be used for general working capital. No finders’ fees or commissions were paid

by the Company in connection with the Offering.

Timothy McCutcheon, CEO and a director of the Company, and Brad Scharfe, a director of the Company,

participated in the Offering and were issued an aggregate of 1,466,667 Shares for gross proceeds of

$88,000 (the " Insider Shares "). The Insider Shares constitute a "related party transaction" within the

meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special

Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and

minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7 (a),

respectively, of MI 61-101 in respect of the Insider Shares.

All securities issued in connection with the Offering will be subject to a statutory hold period of four

months plus a day from the date of issuance in accordance with applicable securities legislation and the

policies of the NEX board of the TSX Venture Exchange.

ON BEHALF OF KENADYR METALS CORP.

“Tim McCutcheon”

Tim McCutcheon

Chief Executive Officer and Director

For more information, please contact:

Tim McCutcheon or Kevin Ma

Phone: +1-604-569-2963 Ext 105

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

This release may contain forward-looking statements. Forward-looking statements are statements that

are not historical facts and are generally, but not always, identified by the words "expects", "plans",

"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that

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events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements

include, without limitation, statements relating to the Offering and the use of proceeds therefrom. The

forward-looking statements contained in this press release are expressly qualified in their entirety by this

cautionary statement. All forward-looking statements in this press release are made as of the date of this

press release. The forward- looking statements contained herein are also subject generally to assumptions

and risks and uncertainties that are described from time to time in the Company's public securities filings

with the Canadian securities commissions. Although the Company believes the expectations expressed in

such forward-looking statements are based on reasonable assumptions, such statements are not

guarantees of future performance and actual results may differ materially from those in forward looking

statements. The Company expressly disclaims any intention or obligation to update or revise any forward-

looking statements whether as a result of new information, future events or otherwise.