Mr. Zach Flood reports

KENORLAND MINERALS AND AURANOVA RESOURCES COMMENCE 2025 FALL DRILL PROGRAM AT THE SOUTH UCHI PROJECT, ONTARIO

Kenorland Minerals Ltd. has commenced the phase 2 diamond drill program at the South Uchi project, located in the Red Lake district of Ontario and held under an option agreement with Auranova Resources Inc.

2025 fall exploration program

The fall 2025 exploration program and budget have been approved by Auranova and will include up to 6,000 metres of drilling across 13 drill holes at the Papaonga target area. This second phase of drilling, a follow-up to the successful maiden drill program completed earlier in 2025 (see press release dated July 2, 2025), is designed to expand on the recently discovered gold-bearing structural corridors and test for additional structures concealed by deep overburden.

The current drill program includes a series of tighter stepouts surrounding hole 25PADD023, which intersected volcaniclastic and mafic volcanic rocks cut by strongly mineralized shear zones hosting quartz-carbonate stockwork with visible gold. These follow-up holes are designed to better define the geometry and continuity of mineralization within this structural corridor. In addition, broader-spaced stepouts are being completed along the interpreted east-west-trending deformation zone between holes 25PADD016 and 25PADD023, testing for lateral extensions of gold-bearing structures. The program also includes initial drill testing structures located to the northeast of 25PADD023, within areas of deeper overburden where no historical drilling has been completed and bedrock remains completely concealed. Collectively, these efforts aim to both constrain the geometries of the high-grade zone identified at 25PADD023 and expand the search space into previously untested portions of the deformation corridor.

Zach Flood, president and chief executive officer of Kenorland, stated: "We're excited to return to South Uchi following a very successful maiden drill program earlier this year. The initial campaign confirmed widespread gold mineralization in bedrock across multiple kilometres of strike. Among the most compelling results was along the eastern extent of the target area, where drilling intersected a strongly mineralized and altered shear zone hosting multiple generations of veining, sulphidation and visible gold-hallmarks of a robust orogenic gold system. The current drill program will step out from this discovery as well as test additional targets concealed beneath thick overburden."

About South Uchi project

The South Uchi project was first identified and staked by Kenorland based on the underexplored region's prospectivity to host significant gold mineralized systems. The project covers a portion of Confederation Assemblage volcanic rocks, as well as the boundary between the Uchi geological subprovince to the north and the English River geological subprovince to the south. Multiple major east-west-striking deformation zones associated with the subprovince boundary transect the project, resulting in zones of strong shearing and folding of the supracrustal stratigraphy, which are favourable settings for orogenic gold mineralization. Prior to Kenorland staking the project, records indicated little to no systematic exploration had been completed, and the land package remained underexplored. The majority of gold deposits in the Red Lake district (Red Lake, Madsen, Hasaga and others) are located on the northern margin of the Confederation Assemblage. However, recent discoveries such as the LP fault zone on the Dixie project by Great Bear Resources Ltd. (acquired by Kinross Gold and renamed Great Bear project) highlight the prospectivity of the entire Confederation Assemblage along the southern margin of the Uchi subprovince.

Kenorland announced on Dec. 2, 2024, that it had entered into a definitive agreement with Auranova, granting Auranova the right to earn up to a 70-per-cent interest in the project. Pursuant to the agreement, Auranova may earn an initial 51-per-cent interest in the project by making cash payments totalling $500,000 to Kenorland, completing a diamond drilling program with at least $8-million in qualifying expenditures or completing 15,000 metres of drilling within two years of receiving a drill permit, issuing Kenorland 19.9 per cent of Auranova's common shares and maintaining Kenorland's 19.9-per-cent share position until Auranova raises a minimum of $10-million through share issuances, after which Kenorland's stake will remain at 10 per cent on a pro rata basis through to the completion of a preliminary economic assessment (the PEA).

Kenorland has received the $500,000 in cash payments and currently holds 9,242,267 common shares of Auranova and confirms that Auranova has now earned a 51-per-cent ownership interest in the project (see press release dated July 2, 2025). Further, Auranova may earn an additional 19-per-cent interest, for a total of 70 per cent, by incurring an additional $10-million in qualifying expenditures on or before the third anniversary of Auranova's election to proceed with the second option. Kenorland will also retain a 30-per-cent carried interest in the project through to the completion of the PEA, at which point a joint venture will be formed.

Kenorland also holds a 2-per-cent net smelter return royalty on the project (see press release dated Sept. 16, 2024).

Qualified person

Janek Wozniewski, BSc, PGeo (EGBC No. 172781, APEGS No. 77522, EGMB No. 48045, PGO No. 3824, APEGNB No. 8348), vice-president of operations at Kenorland, a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Kenorland Minerals Ltd.

Kenorland Minerals is a well-financed mineral exploration company focused on project generation and early stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4-per-cent net smelter return royalty on the Frotet project in Quebec which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020. Kenorland is based in Vancouver, B.C., Canada.

We seek Safe Harbor.