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Kenorland Announces 2022 Summer Exploration Results from the Frotet Project, Quebec

Drill Results

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Kenorland Announces 2022 Summer Exploration Results from the Frotet Project, Quebec

Vancouver, British Columbia, November 14, 2022 – Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF)

(FSE:3WQ0) (“Kenorland” or “the Company” ) is pleased to announce final drill results from the 2022

summer drill program at the Frotet Project, (“the Project”), located in northern Quebec and held under

joint venture (“the Joint Venture”) with Sumitomo Metal Mining Canada Ltd. (“SMMCL”). Assays from 23

drill holes (11,903 meters) completed at Regnault along with 8 drill holes ( 2,511 meters) completed at

Cressida are reported herein. The Company is also pleased to provide an update on its plans for future

exploration activities at the Project.

Drill Highlights:

• 22RDD136: 20.55m at 2.80 g/t Au incl. 3.50m at 10.72 g/t Au at R6 (2022 discovery)

• 22RDD141A: 20.79m at 2.78 g/t Au incl. 1.50m at 15.28 g/t Au at R7 (2022 discovery)

• 22RDD144: 2.91m at 31.52 g/t Au incl. 0.34m at 253.50 g/t Au at R5 (2022 discovery)

• 22RDD144: 1.85m at 31.75 g/t Au incl. 0.33m at 147.80 g/t Au at R6 (2022 discovery)

• 22RDD149: 29.20m at 16.61 g/t Au incl. 9.85m at 44.89 g/t Au at R1 (Metallurgical drill hole,

twinned 20RDD007)

Figure 1. Plan map of Regnault drilling including highlights from the 2022 summer drill program

Zach Flood, President and CEO of Kenorland commented, “the summer drill programs at the Frotet Project

were a great success. At Regnault we have extended the R1 system over 100m to the east, for a total of

over one kilometer of strike, remaining open. We have also begun to prove continuity along the recently

discovered parallel vein structures , including R5, R6, R7, and R8, located just to the south of the R1. At

the Cressida Target, our maiden drill program discovered gold mineralisation over three kilometers away

and along strike from Troilus Gold’s Southwest Zone. We anticipate the next phase of exploration in Q1

2023 to include up to 25,000m of drilling at Regnault which will be primarily focused on additional step-

outs on the R1, R5, R6, R7, and R8 veins, as well as deeper drilling to test for additional parallel vein

structures.”

Regnault Summer Drill Program

11,903m of diamond drilling, including 23 drill holes, was completed at the Regnault d iscovery. Drilling

was mainly concentrated along the eastern margin of the intrusive complex targeting step-outs along the

R1 shear zone, the R4 veins, and the newly discovered vein corridors to the south of R1 including the R5,

R6, R7 and R8 vein sets.

Along the R1 trend, highlights include hole 22RDD143 which stepped 200m to the east of 22RDD131

(2.90m at 4.75 g/t Au*) and intersected 5.40m at 4.16 g/t Au and 1.05m at 33.37 g/t Au. Hole 22RDD143

is one the deepest and most eastern drill holes completed to date along the R1 trend . The summer drill

program has extended mineralisation at R1 over 100m to the east for a known strike length of 1050m and

to depths of 400m , demonstrating the p otential for continued extension of high -grade mineralised

structures within the east dipping Regnault diorite intrusive.

Figure 2. Cross section through R4, R1, R5, R6, R7 and R8 (220m section thickness; looking east)

Drilling confirmed the eastern continuity of the R5, R6, R7 and R8 shear related quartz-sulphide veins

hosting high grade gold mineralisation, which were first discovered during the Winter 2022 drill program.

Along the R5 veins, hole 22RDD144 which stepped 200m to the east and up dip of 22RDD121 (2.50m at

7.78 g/t Au**) intersected 2.91m at 31.52 g/t Au including 0.34m at 253.50 g/t Au. Along the R6 vein ,

hole 22RDD136 which stepped 100m to the east and down dip of 22RDD135 (2.70m at 8.63 g/t Au

including 0.44m at 37.80 g/t Au*) intersected 20.55m at 2.80 g/t Au includin g 3.50m at 10.72 g/t Au .

Hole 22RDD144 intersected the R6 vein 70m up dip and further towards the east from 22RDD136 and

returned 1.85m at 31.75 g/t Au including 0.33m at 147.80 g/t Au.

Drilling also extended known high-grade mineralisation towards the west along the R7 and R8 vein sets.

Along the R7 vein, hole 22RDD141A which stepped 250m to the west of 22RDD129 (20.20m at 0.99 g/t

Au**) intersected 20.79m at 2.78 g/t Au including 1.50m at 15.28 g/t Au. Drilling completed during the

2022 summer drill program along the recently discovered R5, R6, R7 and R8 vein sets extend the strike

length of the mineralised structures to 600m, and to depths greater than 600m, representing the deepest

significant mineralisation intersected at Regnault to date, remaining open along strike and at depth.

(* See press release dated July 11th 2022, ** See press release dated June 13th 2022)

Gold mineralisation along R1, R5, R6, R7 and R8 is associated with multiple east-west trending and north-

dipping shear zones. Mineralised structures transect both the multiphase Regnault intrusive complex and

surrounding volcanic rocks and are defined by zones of moderate -strong strain, biotite -calcite ± silica -

chlorite alteration and disseminated pyrite (locally ranging from 3 -10%). High grade intercepts are

characteristically shear -hosted laminated quartz -carbonate-pyrite veins, often haloed by variably

deformed extensional stockwork quartz veining locally containing up to 20% pyrite along with trace

chalcopyrite, Au ± Ag tellurides and visible gold.

Figure 3. Oblique view of the entire Regnault system showing modelled vein zones

Cressida Summer Drill Program

2,511m of drilling between 8 drill holes were completed at the Cressida Target area, located within the

northwestern portion of the 39,365 hectare property . The Cressida target is located directly along strike

and within the main mineralised corridor hosting the former producing Troilus Gold Mine, currently being

explored by Troilus Gold Corp. The Cressida target is located between and along strike of Troilus Gold’s

Southwest Zone (2,700m to the northeast) and their recently discovered Beyan Gold Zone (3,000m to the

southwest).

Drilling intersected widespread, disseminated to stringer and banded pyrrhotite-pyrite-trace chalcopyrite

mineralisation within well foliated mafic and intermediate volcanics, associated with increased biotite-

calcite alteration and quartz veinlets. Two drill holes crossed a strongly altered and mineralised mafic-

felsic volcanic contact identifying a new mineralised system. Hole 22CRDD004 intersected 7.93m at 1.11

g/t Au and 1.50 g/t Ag, and ho le 22CRDD007 located 330m to the southwest of 22CRDD004, intersected

8.05m at 0.94 g/t Au and 22.09 g/t Ag. These results represent a previous untested mineralised horizon

within the Cressida area, which is open along strike and at depth for future exploration opportunities.

Upon completion of the Frotet 2022 summer drill program a total of 56,996m has been drilled at Regnault

including the initial discovery drill program in early 2020, a t Cressida 2,511m was completed during the

first pass drill campaign during the 2022 summer drill program. Updating geological models and drill

targeting are well underway for the upcoming 2023 winter drill program.

Figure 4. Plan map of Cressida drilling including highlights from the 2022 summer drill program

Regnault Metallurgical Test Work

Preliminary metallurgical test work was initiated with the completion of hole 22RDD149 that twinned the

Regnault discovery hole 20RDD007 (29.08m at 8.47 g/t Au including 11.13m at 18.43 g/t Au*) and

intersected 29.20m at 16.61 g/t Au including 9.85m at 44.89 g/t Au. Objectives of the study will include

the mineralogical characteristics and assess the preliminary Au -Ag recovery through gravity circuit and

cyanide amenability of the Regnault ore. The study will be carried out at the Engineering Dept., Mineral

Resources Division of Sumitomo Metal Mining Co., Ltd. Results will be communicated once the preliminary

metallurgical test work has been completed.

(* See press release July 29, 2020)

Exploration Update

The Joint Venture is anticipating an upcoming 2023 winter drill program at Regnault which will include up

to 2 5,000m of diamond drilling . This program will represent the second phase of the fiscal 2022

exploration budget (see press release dated May 3, 2022) and the largest single drill program undertaken

on the Regnault discovery to date. Drill targeting will be focussed on broad step-outs to extend the strike

length and depth of recently discovered vein sets to the south of the R1 vein system. Priority targets will

include stepping out on the R5 veins and testing the 475m gap zone between the R2 -R3 shear hosted

mineralised veins and the R6-R7-R8 mineralised structures. Drilling is expected to begin late January and

continue through March with four drill rigs.

Table 1. Table of results from the 2022 summer drill program

Target

Area Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Residual Au

(g/t)

Regnault

Deposit

22RDD136

102.00 103.50 1.50 13.00 3.30

And 176.00 178.85 2.85 1.82 1.15

And 290.20 290.60 0.40 13.00 8.10

And 341.55 348.40 6.85 1.78 1.15 0.93

Incl. 347.45 348.40 0.95 7.06 2.50

And 409.50 426.50 17.00 0.94 1.05

And 445.70 466.25 20.55 2.80 2.91 1.18

Incl. 457.95 461.45 3.50 10.72 12.11

And 655.75 660.00 4.25 4.38 1.88

22RDD137 342.82 351.65 8.83 1.20 1.05

And 427.00 440.50 13.50 1.12 0.69

22RDD138 351.80 355.10 3.30 2.22 1.25

And 467.70 472.02 4.32 1.79 1.30

22RDD139 NSV

22RDD140 NSV

22RDD141A 422.71 443.50 20.79 2.78 2.37 1.81

Incl. 434.00 435.50 1.50 15.28 8.87

22RDD142

233.50 253.10 19.60 0.89 1.09

And 396.96 398.47 1.51 8.43 2.21 2.96

Incl. 396.96 397.33 0.37 25.30 4.50

And 456.49 456.85 0.36 15.40 16.00

And 469.74 485.67 15.93 0.76 0.94

22RDD143

230.50 234.60 4.10 2.79 2.27 1.23

Incl. 234.00 234.60 0.60 11.90 11.50

And 305.60 311.00 5.40 4.16 2.20 1.69

Incl. 310.40 310.70 0.30 46.10 16.70

And 337.70 343.30 5.60 1.34 2.35 0.80

Incl. 337.70 338.25 0.55 6.24 7.40

And 364.95 366.00 1.05 33.37 52.57

And 420.00 427.00 7.00 0.75 1.04

And 465.10 466.93 1.83 18.09 12.20

And 501.43 503.74 2.31 8.97 3.72 3.45

Target

Area Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Residual Au

(g/t)

Incl. 503.00 503.44 0.44 32.40 13.60

And 576.10 579.20 3.10 2.69 4.33

And 633.70 635.20 1.50 4.16 2.59

22RDD144

367.96 370.87 2.91 31.52 38.09 2.16

Incl. 370.13 370.47 0.34 253.50 317.00

And 401.70 403.55 1.85 31.75 12.52 6.55

Incl. 402.17 402.50 0.33 147.80 53.50

And 441.89 446.57 4.68 2.30 2.44 1.61

Incl. 443.95 444.84 0.89 5.28 5.55

And 465.52 475.60 10.08 4.43 6.71 3.03

Incl. 465.52 466.11 0.59 27.10 44.10

22RDD145

340.62 345.85 5.23 1.50 1.25

And 399.30 401.26 1.96 3.10 3.35 1.07

Incl. 399.85 400.15 0.30 14.30 13.20

And 593.50 596.00 2.50 4.38 3.26 1.45

Incl. 593.50 594.50 1.00 8.79 6.00

And 625.00 625.80 0.80 41.25 58.05

22RDD146

214.60 218.79 4.19 3.72 2.46 1.83

Incl. 216.00 217.50 1.50 7.12 3.86

And 223.71 225.50 1.79 6.65 5.72 1.03

Incl. 224.14 224.58 0.44 23.90 20.20

And 228.50 229.00 0.50 10.20 11.60

22RDD147

368.50 371.20 2.70 2.81 0.96 1.32

Incl. 369.00 369.30 0.30 14.70 2.20

And 455.44 459.00 3.56 3.49 1.14

And 504.35 504.75 0.40 17.10 29.10

22RDD148 130.00 134.20 4.20 1.67 0.54

And 237.70 246.00 8.30 0.65 0.60

22RDD149

(Metallurgical Hole)

71.30 100.50 29.20 16.61 24.31 2.22

Incl. 87.45 97.30 9.85 44.89 64.94

And 105.20 110.00 4.80 1.58 3.37 0.89

Incl. 107.60 108.20 0.60 6.37 14.50

22RDD150 NSV

22RDD151 NSV

22RDD152 NSV

22RDD153 NSV

22RDD154 NSV

22RDD155 162.00 164.00 2.00 5.47 9.20

22RDD156 347.37 349.67 2.30 3.76 3.19

22RDD157 NSV

22RDD158 NSV

Cressida

Target

22CRDD001 NSV

22CRDD002 NSV

22CRDD003 188.00 196.00 8.00 0.69 0.15

22CRDD004 133.38 134.00 0.62 4.65 10.90

And 320.07 328.00 7.93 1.11 1.50

22CRDD005 NSV

22CRDD006 NSV

22CRDD007 247.95 256.00 8.05 0.94 22.09

22CRDD008 NSV

Table 2. Drill collar table of reported drill holes from the 2022 summer drill program

Target Area Hole ID Easting

(NAD 83)

Northing

(NAD 83) Elevation (m) Depth (m) Dip Azimuth

Regnault

Deposit

22RDD136 519852 5621035 377 672.00 -63 158

22RDD137 519717 5620662 379 615.00 -68 159

22RDD138 519583 5620654 376 672.00 -68 156

22RDD139 519583 5620654 376 531.00 -53 156

22RDD140 519717 5620662 379 600.00 -80 159

22RDD141 519583 5620654 376 21.00 -65 161

22RDD141A 519583 5620654 376 651.00 -80 156

22RDD142 519922 5621014 378 552.00 -55 160

22RDD143 519861 5621148 378 894.30 -62 159

22RDD144 519922 5621014 378 612.00 -63 160

22RDD145 519952 5621095 381 645.00 -62 159

22RDD146 519978 5621167 381 351.00 -51 322

22RDD147 520025 5621097 386 606.00 -68 159

22RDD148 519951 5621097 381 411.00 -57 317

22RDD149 519533 5620699 377 132.00 -45 299

22RDD150 518700 5619675 380 582.00 -50 149

22RDD151 518985 5620794 379 237.00 -50 172

22RDD152 518985 5620794 379 276.00 -61 172

22RDD153 518998 5620305 384 504.00 -49 149

22RDD154 518292 5619403 398 171.00 -50 151

22RDD155 518574 5619615 384 518.00 -50 149

22RDD156 518948 5620432 384 702.00 -52 156

22RDD157 517923 5618838 393 498.00 -48 179

22RDD158 518448 5620035 389 450.00 -45 159

Cressida

Target

22CRDD001 531683 5646148 436 249.00 -45 161

22CRDD002 531745 5646000 443 258.00 -45 161

22CRDD003 531425 5646050 411 399.00 -45 161

22CRDD004 531814 5645846 440 390.00 -50 161

22CRDD005 531491 5645808 418 300.00 -45 161

22CRDD006 531282 5645716 406 327.00 -45 161

22CRDD007 531542 5645618 406 303.00 -45 161

22CRDD008 532212 5645756 397 285.00 -45 161

About the Frotet Project

The Frotet Project was first identified by Kenorland in 2017 after completing a regional prospectivity study

over the Abitibi and Frotet-Evans Greenstone Belts of Quebec. The initial 55,921 ha property was acquired

through map staking in March, 2017 and optioned to Sumitomo Metal Mining Canada Ltd. (“SMMCL”), a

wholly owned subsidiary of Sumitomo Metal Mining Co., Ltd. in April, 2018. Two years of property -wide

systematic till sampling led to a maiden drill program in 2020 which resulted in a significant grassroots

discovery at the prospect now named Regnault. The project is currently under the Joint Venture

agreement between SMMCL and Kenorland Minerals Ltd., with interests being held at 80% and 20%,

respectively. Under the Joint Venture, exploration is funded pro -rata and Kenorland is presently the

operator of the project. Any party which does not contribute and is diluted below a 10% interest, converts

its interest to an 2% uncapped net smelter royalty.

Figure 5. Map of Frotet Project showing regional till sampling geochemical results

QA/QC and Core Sampling Protocols

All drill core samples were collected under the supervision of Kenorland employees. Drill core was

transported from the drill platform to the logging facility where it was logged, photographed, and split by

diamond saw prior to being sampled. Samples were then bagged, and blanks and certified reference

materials were inserted at regular intervals. Groups of samples were placed in large bags, sealed with

numbered tags in order to maintain a chain -of-custody, and transported from Chibougamau to BV

laboratory in Timmins, Ontario.

Sample preparation and analytical work for this drill program was carried out by Bureau Veritas

Commodities (“BV”), Timmins, Ontario. Samples were prepared for analysis according to BV method

PRP70-250: individual samples were crushed to 2mm (10 mesh) and a 250g split was pulverized to 75μm

(200 mesh) for analysis and then assayed for Gold. Gold in samples were analyzed using BV method FA430

where a 30g split is analyzed with fire assay by Pb collection and AAS finish. Over-limits gold samples were

re-analyzed using BV method FA530 where a 30g split is analyzed with fire assay by Pb collection and

gravimetric finish. Multi-element geochemical analysis (45 elements) was performed on all samples using

BV method MA200 where a 0.25g split is by multi-acid digest with ICP-MS/ES finish. All results passed the

QAQC screening at the lab, all company inserted standards and blanks returned results that were within

acceptable limits.

Qualified Person

Janek Wozniewski, B. Sc., P. Geo., OGQ (#2239) is the “Qualified Person” under National Instrument 43 -

101, has reviewed and approved the scientific and technical information in this press release.

About Kenorland Minerals