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Kenorland Reports High-Grade Intercept of 30.41 g/t Au over 6.70m from 120m Step-Out on Deep R11 Vein Set at Frotet Project, Quebec

Drill Results

Kenorland Reports High-Grade Intercept of

30.41 g/t Au over 6.70m from 120m Step-Out on

Deep R11 Vein Set at Frotet Project, Quebec

Vancouver, British Columbia--(Newsfile Corp. - June 17, 2025) -

Kenorland Minerals Ltd.

(TSXV:

KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("

Kenorland

" or the "

Company

") is pleased to announce

partial results from the 2025 winter drill program at the Frotet Project (the "

Project

"), located in northern

Quebec. Assays from 21 of 34 drill holes completed, including 14,048 meters of the 22,913-meter

program, are reported herein. Kenorland currently holds a

4% NSR royalty

on the Project.

Drill highlights include the following:

25RDD252: 6.70m at 30.41 g/t Au incl. 2.75m at 72.56 g/t Au

at R11

25RDD252: 7.70m at 16.26 g/t Au incl. 0.70m at 121.70 g/t Au

at R11

25RDD239: 1.30m at 218.10 g/t Au incl. 0.40m at 705.40 g/t Au

at R2

25RDD232: 5.50m at 11.80 g/t Au incl. 2.20m at 26.88 g/t Au

at R2

25RDD248: 0.80m at 70.43 g/t Au incl. 0.30m at 183.80 g/t Au

at R1

25RDD252: 2.40m at 20.31 g/t Au incl. 0.30m at 155.10 g/t Au

at R2

25RDD241: 7.00m at 6.54 g/t Au incl. 1.75m at 21.15 g/t Au

at R7

High grade mineralisation from step-out drill holes within the deep portions of Regnault

continues to demonstrate the system remains open along strike and at depth

Figure 1. Plan map of Regnault drilling including highlights from this press release

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6489/255777_ab7b26bea4726b58_001full.jpg

Zach Flood, President and CEO, stated:

"The success of the deep drilling at Regnault continues to

underscore the immense untapped potential of the Frotet Project. These results not only confirm the

continuity of high-grade mineralisation on the R11 veins, but also highlight the increasing scale of the

system. Regnault remains open in multiple directions and we believe we are still in the early days of

what could be a much larger gold discovery."

Discussion of Results

The Winter 2025 drill program was completed in order to continue stepping out along known mineralised

structures while increasing confidence in vein system geometry and grade continuity through targeted

infill drilling. Drill holes were optimised to maintain 50-100m spacing within the known mineralised

footprint, while targeting modest step-outs at depth. Drill holes reported within this release focused on

infill and step-outs along the R2 and R9 mineralised structures including two drill holes that continued at

depth to step-out along the R10 and R11 vein sets, infill within R3, and infill and step-out targets along

the R1, R6 and R7 trends.

Drilling along the R2 trend has continued to return significant high grade mineralisation including

25RDD239 which returned

1.30m at 218.10 g/t Au including 0.40m at 705.40 g/t Au

, a 95m step-out

to the east from drill hole 24RDD195 (3.75m at 3.47 g/t Au including 0.45m at 11.70 g/t Au*), and

25RDD232 that returned

5.50m at 11.80 g/t Au including 2.20m at 26.88 g/t Au

, an 80m step-out to

the east from drill hole 24RDD220 (8.20m at 3.43 g/t Au including 0.70m at 29.40 g/t Au*). Infill along R2

has also demonstrated continuity of high grade, including drill hole 25RDD252 with

2.40m at 20.31 g/t

Au including 0.30m at 155.10 g/t Au

intersected 40m up dip from drill hole 24RDD197 (4.70m at

24.16 g/t Au incl. 0.40m at 261.20 g/t Au*). Assays remain pending from additional drill holes that tested

the R2 trend during the winter 2025 drill campaign, however drilling has shown mineralisation remains

open along strike to the east and at depth.

Figure 2. Cross section through the Regnault gold system including highlights from this press release

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6489/255777_ab7b26bea4726b58_002full.jpg

Two drill holes tested the deep, southern portions of the Regnault system, stepping out from known

mineralisation along the R10 and R11 mineralised trends. Drill hole 25RDD232 returned

3.00m at 10.09

g/t Au including 1.00m at 27.35 g/t Au

along the R10 vein, a 70m step-out up dip from drill hole

23RDD172 which returned 0.34m at 31.70 g/t Au**. Within the R11 step-out drilling, several significant

mineralised intercepts were returned including 25RDD252 which returned

6.70m at 30.41 g/t Au

including 2.75m at 72.56 g/t Au

, a 120m step-out to the west and at depth from 23RDD172 (41.85m at

2.56 g/t Au including 4.45m at 11.96 g/t Au**), and 25RDD232 which returned

18.70m at 1.83 g/t Au

including 1.40m at 6.02 g/t Au

, a 65m step-out above and up-dip from 23RDD172. Drill hole

25RDD252 also returned

7.70m at 16.26 g/t Au including 0.70m at 121.70 g/t Au

within the R11

mineralised structures, an 80m step-out at depth below 23RDD162 (6.25m at 2.29 g/t Au including

1.00m at 8.09 g/t Au***).

These two drill holes testing the deepest portions of the Regnault gold

system, down to 1,050m below surface, continue to demonstrate the growth potential of the

R10 and R11 mineralised structures which remain open along strike and at depth.

Figure 3. Long section of the Regnault gold system including highlights from this press release along

R11

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6489/255777_ab7b26bea4726b58_003full.jpg

Figure 4. Core photo of R11 vein in hole 25RDD252: 6.70m at 30.41 g/t Au including 2.75m at 72.56

g/t Au

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6489/255777_ab7b26bea4726b58_004full.jpg

Reported drill holes from the northern portion of the Regnault gold system also continue to confirm the

high grade nature of the R1 trend, with 25RDD248 which returned

0.80m at 70.73 g/t Au including

0.30m at 183.80 g/t Au

, a 70m step-out at depth below 22RDD124 (0.50m at 54.00 g/t Au****). Along

the R7 vein sets drill hole 25RDD241 returned

7.00m at 6.54 g/t Au including 1.75m at 21.15 g/t Au

,

stepping out 40m at depth below 23RDD192 which returned 1.50m at 9.41 g/t Au including 0.50m at

25.60 g/t Au*****.

(*See press release June 18, 2024)

(**See press release August 8, 2023)

(*** See press release May 31, 2023)

(**** See press release June 13, 2022)

(***** See press release February 20, 2024)

Table 1. Table of assay results from 2025 winter drill program

HOLE ID

From (m)

To (m)

Interval (m)

Au (g/t)

Ag (g/t)

Residual Au (g/t)

25RDD232

200.00

202.45

2.45

3.22

0.74

And

322.00

327.50

5.50

11.80

12.70

1.74

Incl.

325.30

327.50

2.20

26.88

29.59

And

428.00

430.90

2.90

2.38

2.22

And

566.00

566.40

0.40

28.50

32.90

And

573.00

574.00

1.00

5.78

4.60

And

725.60

728.60

3.00

10.09

12.89

1.46

Incl.

725.60

726.60

1.00

27.35

34.80

And

754.00

758.70

4.70

2.26

2.45

And

969.30

972.60

3.30

1.79

1.71

And

1133.30

1152.00

18.70

1.83

1.31

1.20

Incl.

1139.30

1140.70

1.40

6.02

2.05

And Incl.

1147.00

1148.00

1.00

6.12

4.50

25RDD233

155.35

159.35

4.00

2.08

2.12

1.41

Incl.

158.70

159.00

0.30

10.30

9.40

And

169.40

176.40

7.00

0.98

1.17

And

392.25

397.65

5.40

0.94

0.93

And

447.90

452.45

4.55

1.30

1.00

And

464.35

472.00

7.65

0.82

0.72

And

709.70

713.15

3.45

4.31

1.87

3.41

Incl.

709.70

711.00

1.30

5.80

2.65

And

864.00

874.15

10.15

0.54

1.49

25RDD234

129.85

132.15

2.30

2.63

2.31

1.19

Incl.

131.60

132.15

0.55

7.23

5.10

25RDD235

NSV

25RDD236

NSV

25RDD237

67.95

69.00

1.05

5.74

5.43

25RDD238

27.00

31.50

4.50

1.32

0.40

And

127.20

137.70

10.50

0.68

0.62

And

234.10

237.20

3.10

2.18

3.82

1.03

Incl.

236.55

236.90

0.35

11.20

22.30

And

282.60

289.95

7.35

1.65

1.26

1.00

Incl.

284.70

285.65

0.95

5.99

2.97

And

321.00

322.50

1.50

19.77

17.63

1.76

Incl.

321.55

322.00

0.45

61.80

53.90

25RDD239

648.70

650.00

1.30

218.10

NA

1.52

Incl.

648.70

649.10

0.40

705.40

NA

And

662.85

664.00

1.15

6.14

NA

1.56

Incl.

662.85

663.35

0.50

12.10

NA

And

715.30

725.80

10.50

0.76

0.69

25RDD240

48.50

51.60

3.10

3.97

4.88

1.31

Incl.

50.20

50.90

0.70

13.10

17.50

And

324.65

329.80

5.15

1.31

3.64

And

349.25

351.00

1.75

8.19

6.24

1.04

Incl.

350.40

351.00

0.60

21.90

15.80

And

353.95

354.30

0.35

21.00

37.20

And

614.10

615.30

1.20

13.83

12.57

0.90

Incl.

614.75

615.30

0.55

29.10

25.70

And

627.00

631.75

4.75

3.93

3.98

1.03

Incl.

627.00

628.25

1.25

12.03

11.09

25RDD241

38.30

39.20

0.90

22.40

3.00

And

316.00

317.65

1.65

4.95

2.06

1.54

Incl.

316.00

316.40

0.40

15.60

5.00

And

339.20

339.90

0.70

33.87

9.23

And

363.90

365.00

1.10

15.19

1.56

And

370.75

376.25

5.50

4.30

3.89

3.02

Incl.

373.00

373.55

0.55

15.90

11.40

And

433.85

441.00

7.15

1.92

2.01

1.09

Incl.

433.85

434.40

0.55

11.90

14.90

And

448.00

458.40

10.40

0.52

0.66

And

480.40

483.35

2.95

3.69

1.98

2.24

Incl.

481.20

481.75

0.55

10.00

5.70

And

499.75

501.10

1.35

22.06

18.34

10.25

Incl.

499.75

500.50

0.75

31.50

24.50

And

596.50

597.85

1.35

22.07

21.54

1.35

Incl.

597.35

597.85

0.50

57.30

55.60

And

681.00

681.60

0.60

10.70

9.20

And

695.25

702.25

7.00

6.54

7.57

1.67

Incl.

699.35

701.10

1.75

21.15

25.48

25RDD242

86.70

89.00

2.30

11.61

16.27

0.70

Incl.

88.70

89.00

0.30

84.30

117.50

And

229.20

231.50

2.30

6.51

10.11

2.18

Incl.

229.20

229.90

0.70

16.40

25.10

And

374.70

383.00

8.30

1.25

1.20

And

391.60

392.30

0.70

30.30

13.60

25RDD243

277.65

288.40

10.75

1.31

0.75

And

505.15

506.10

0.95

7.87

8.67

25RDD244

132.50

135.00

2.50

2.13

0.91

And

222.00

225.00

3.00

3.03

1.70

1.50

Incl.

224.00

225.00

1.00

6.08

3.40

And

254.40

260.80

6.40

1.78

0.96

0.94

Incl.

254.40

256.80

2.40

3.20

1.52

And

469.00

481.00

12.00

3.28

2.86

2.06

Incl.

469.70

470.50

0.80

7.16

3.45

And Incl.

474.00

477.50

3.50

5.08

5.45

25RDD245

434.00

443.55

9.55

1.33

1.91

And

625.00

629.70

4.70

1.29

1.38

And

713.55

721.50

7.95

0.77

0.55

And

727.35

735.00

7.65

0.67

0.65

25RDD246

85.80

86.40

0.60

24.30

10.50

355.45

357.80

2.35

3.40

1.98

And

384.00

389.00

5.00

2.85

1.95

2.36

25RDD246A

Incl.

386.90

388.35

1.45

4.05

4.16

And

405.00

409.00

4.00

1.83

1.50

And

536.00

546.00

10.00

1.42

1.60

25RDD247

100.40

104.20

3.80

1.46

1.38

And

416.30

421.00

4.70

1.49

0.99

25RDD248

256.20

257.00

0.80

70.43

56.16

2.41

Incl.

256.70

257.00

0.30

183.80

146.10

And

493.60

496.00

2.40

2.10

2.15

1.08

Incl.

495.60

496.00

0.40

7.21

7.40

25RDD249

138.25

140.80

2.55

2.14

1.37

And

386.40

394.60

8.20

2.02

3.35

1.19

Incl.

389.20

389.60

0.40

18.30

30.70

And

559.00

573.50

14.50

0.81

0.94

25RDD250

190.85

196.60

5.75

2.73

2.32

2.28

Incl.

190.85

192.00

1.15

4.55

2.70

And

400.10

400.50

0.40

22.20

17.70

And

422.05

424.15

2.10

3.67

2.09

1.62

Incl.

422.05

422.90

0.85

6.68

3.55

And

428.50

433.35

4.85

5.77

6.81

2.06

Incl.

428.85

429.55

0.70

27.80

32.60

And

439.50

444.00

4.50

7.15

10.71

1.89

Incl.

440.50

441.00

0.50

49.20

79.50

And

446.00

452.45

6.45

1.57

1.72

And

519.70

520.35

0.65

11.40

10.90

And

736.20

745.00

8.80

1.43

1.28

25RDD251

NSV

25RDD252

512.60

515.00

2.40

20.31

32.02

1.05

Incl.

513.25

513.55

0.30

155.10

248.00

And

559.90

560.20

0.30

34.60

39.50

And

641.40

645.25

3.85

2.94

2.30

1.54

Incl.

644.65

645.25

0.60

10.50

7.00

And

741.20

746.75

5.55

1.62

1.10

0.91

Incl.

743.65

744.50

0.85

5.59

3.61

And

797.55

807.00

9.45

1.54

2.23

1.16

Incl.

801.00

801.50

0.50

8.25

8.70

And

1059.30

1067.00

7.70

16.26

14.62

1.92

Incl.

1059.70

1060.40

0.70

39.80

13.50

And Incl.

1065.00

1065.70

0.70

121.70

130.70

And

1104.45

1107.00

2.55

11.76

16.18

And

1211.00

1217.70

6.70

30.41

42.16

1.07

Incl.

1211.75

1214.50

2.75

72.56

100.47

† Assay intervals reported are core lengths, true widths have not been determined

‡ Residual Au (g/t) represents the average grade of the drill hole interval excluding the highlighted

internal interval

Table 2. Drill collar table of reported drill holes from the 2025 winter drill program

Hole ID

Easting (NAD83)

Northing (NAD83)

Elevation (m)

Depth (m)

Dip

Azimuth

25RDD232

519526

5620517

375.2

1185.00

-55

157

25RDD233

519842

5621085

375.3

987.00

-60

160

25RDD234

518510

5619913

392.2

282.00

-46

159

25RDD235

518579

5619856

393.9

228.00

-48

160

25RDD236

518681

5619918

379.6

246.00

-47

169

25RDD237

518796

5619919

377.4

501.00

-48

157

25RDD238

519909

5620939

376.0

480.00

-62

331

25RDD239

519596

5620672

376.1

741.00

-58

158

25RDD240

518804

5620136

383.4

642.50

-47

163

25RDD241

519903

5621193

379.2

720.00

-63

163

25RDD242

519875

5620769

378.2

540.00

-55

354

25RDD243

519378

5620425

374.6

651.00

-51

151

25RDD244

519654

5620911

375.1

606.00

-60

161

25RDD245

519209

5620674

374.1

780.00

-51

150

25RDD246

519176

5620551

374.4

93.00

-56

155

25RDD246A

519176

5620551

374.4

561.00

-55

159

25RDD247

519636

5620795

374.2

942.00

-59

161

25RDD248

519541

5621025

375.4

519.00

-68

157

25RDD249

519374

5620627

374.8

747.00

-59

159

25RDD250

519721

5620886

374.5

852.00

-63

160

25RDD251

519194

5620328

373.9

457.50

-54

164

25RDD252

519390

5620525

375.0

1287.00

-58

151

About the Frotet Project

The Project covers 39,365 hectares of the Frotet-Evans greenstone belt within the Opatica geological

sub-province of Quebec. The property is adjacent to the past-producing Troilus Gold Corporation's Au-

Cu mine (9.32Moz Au indicated resource) and covers several major deformation zones associated with

known orogenic gold prospects, as well as stratigraphy hosting VMS deposits elsewhere in the belt.

Kenorland initially staked the Project in 2017 and then entered into a joint venture and earn-in agreement

with Sumitomo Metal Mining Canada Ltd. ("

Sumitomo

") in 2018.

The Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo

in 2020 following two years of systematic exploration. Since the initial discovery, Regnault has seen

extensive exploration, totaling 127,217 meters of drilling (265 drillholes).

On February 19, 2024, Kenorland closed a transaction to exchange its 20% participating interest in the

Frotet Joint Venture with Sumitomo to a 4% NSR Royalty.

The Project is located 100 kilometres to the north of Chibougamau, Quebec. Favorable infrastructure

exists in the Project area with an extensive forestry road network as well as the Route-du-Nord crossing

the southwestern portion of the property. A power transmission line also crosses through the property

which supplied power to the past producing Troilus mine.

Figure 5. Frotet Project, Quebec: 4% NSR Royalty

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6489/255777_ab7b26bea4726b58_005full.jpg

*Technical Report and Mineral Resource Estimate on the Troilus Gold-Copper Project, Mineral Resources Effective Date: 02 October 2023

** Mineral Resource Estimate on Moblan Lithium Project, Mineral Resources Effective Date: 21 March, 2023

***The Frotet Royalty is subject to the following buy down rights in favour of Sumitomo:

A 0.25% royalty interest may be purchased for a C$3,000,000 cash payment to Kenorland within five (5) years of the grant of the Frotet Royalty

A 0.50% royalty interest may be purchased for a C$10,000,000 cash payment to Kenorland within ten (10) years of the grant of the Frotet Royalty

In the event Sumitomo exercises the foregoing buy down rights, the Frotet Royalty would be reduced to an uncapped 3.25% net smelter return

royalty on all minerals extracted from the Project

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 Bureau

Veritas Commodities ("

BV

") laboratory in Timmins, Ontario.

Sample preparation and analytical work for this drill program were carried out by BV. 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 QA/QC screening at the

lab, all company inserted standards and blanks returned results that were within acceptable limits.

Qualified Person

Cédric Mayer, M.Sc., P.Geo. (OGQ #02385), "Qualified Person" under National Instrument 43-101, has

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

About Kenorland Minerals