K eno rl and Mineral s L td .
K eno rl and Mineral s L td .
Suite 15 70 – 1111 West G eo rg ia St.
Vanco uver , BC V6 E4M3
Kenorland Minerals Raises $7,000,000 Through Sale of Marketable Securities
Vancouver, British Columbia, July 21, 2023 – Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE:
3WQ0) (“Kenorland” or the “Company”) is pleased to announce it has raised gross proceeds of $7,000,000
through the sale of 1,000,000 common shares of Li -FT Power Ltd. (CSE: LIFT) . The sale was conducted
through the Canadian Securities Exchange as a pre -arranged trade with an arm’s length part y. The
proceeds from the sale further strengthens Kenorland’s cash position and brings its current cash balance
to a total of approximately $23,000,000.
About Kenorland Minerals Ltd.
Kenorland Minerals Ltd. (TSX.V: KLD) is a mineral exploration Company incorporated under the laws of
the Province of British Columbia and based in Vancouver, British Columbia, Canada. Kenorland’s focus is
early to advanced stage exploration in North America. The Company currently holds five projects in
Quebec where work is being completed under joint venture and earn-in agreements from third parties.
The Frotet Project and Chicobi Project are held under joint venture with Sumitomo, the O’Sullivan Project
is optioned to Sumitomo, the Chebistuan Project is optioned to Newmont Corporation and the Hunter
Project is held under option to Centerra Gold Inc. In Alaska, the Company holds the advanced stage
Tanacross porphyry Cu-Au-Mo project, optioned to Antofagasta, as well as a 70% interest in the Healy
Project, held under joint venture with Newmont Corporation.
Further information can be found on the Company’s website www.kenorlandminerals.com
Cautionary Statement Regarding Forward Looking Statements
This news release contains forward -looking statements and forward -looking information (together,
"forward-looking statements") within the meaning of applicable securities laws. All statements, other than
statements of historical facts, are forward-looking statements. Generally, forward-looking statements can
be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates",
"believes" or variations of such words, or statements that certain actions, events or results "may", "could",
"would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks,
uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s
filings with Canadian securities regulators, that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward -looking statements.
Although the Company believes that the assumptions and factors used in preparing these forward-looking
statements are reasonable based upon the information currently available to management as of the date
hereof, actual results and developments may differ materially from thos e contemplated by these
statements. Readers are therefore cautioned not to place undue reliance on these statements, which only
Kenorland Minerals Ltd.
Zach Flood
President, CEO and Director
Tel: +1 604 568 6005
apply as of the date of this news release, and no assurance can be given that such events will occur in the
disclosed times fram es or at all. Except where required by applicable law, the Company disclaims any
intention or obligation to update or revise any forward -looking statement, whether as a result of new
information, future events or otherwise.
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.