Kenadyr Announces Stock Option Grants

KENADYR ANNOUNCES STOCK OPTION GRANTS

VANCOUVER, BC – February 26, 2021 - Kenadyr Mining (Holdings) Corp. (TSX-V: KEN) (the “Company”) or

“Kenadyr”) is pleased to announce that it has granted incentive stock options to certain officers and

directors of the Company to purchase up to 1,750,000 common shares in the capital of the Company

pursuant to the Company’s stock option plan. The options vest immediately and are exercisable into

common shares at $0.10 per share until February 25, 2024.

About Kenadyr

Kenadyr is currently listed on the TSX Ventures Exchange and its primary business is mineral exploration

in the Kyrgyz Republic, specifically gold exploration in Borubai. Kenadyr holds all issued and outstanding

securities in PIC Ala-Too, a Kyrgyz Republic company registered in Bishkek, which is the 100% legal and

beneficial holder of an exploration license related to Kenadyr’s Borubai Project.

ON BEHALF OF KENADYR MINING (HOLDINGS) CORP.

Tim McCutcheon

Chief Executive Officer

For more information, visit www.kenadyr.com or contact Tim McCutcheon, CEO at [email protected]

or (604) 638 3311.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of

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