Kenorland Minerals Files NI 43-101 Technical Report on the Frotet Project, Quebec

Rhea-AI Summary

Kenorland Minerals (OTCQX: KLDCF) filed an NI 43-101 Technical Report for the Frotet Project Regnault deposit on January 29, 2026, with an effective date of November 30, 2025. The report presents an initial inferred mineral resource of 14.5 Mt @ 5.47 g/t Au (2.55 Moz).

Kenorland holds a 4% net smelter return royalty on the project, which is 100% owned and operated by Sumitomo Metal Mining Canada. A Qualified Person from SLR Consulting prepared the report; it is available on SEDAR+ under Kenorland's profile.

Positive

• Inferred resource of 2.55 million ounces of gold
• High grade average of 5.47 g/t Au in the estimate
• 4% NSR royalty provides Kenorland with ongoing revenue potential

Negative

• Resource classified as inferred, indicating higher geological uncertainty
• Kenorland holds a royalty only and does not operate the project
• No development timeline or permitting status disclosed in the report

News Market Reaction – KLDCF

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+0.88% News Effect

On the day this news was published, KLDCF gained 0.88%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce that, further to its news release dated December 16, 2025, it has filed an NI 43-101 Technical Report for the Frotet Project (the "Project") on SEDAR+ (www.sedarplus.ca). The report, titled "NI 43-101 Technical Report, Frotet Project-Regnault Deposit, Chibougamau, Quebéc, Canada", presents an initial Mineral Resource Estimate at the Regnault gold deposit. The mineral resources estimate contains 14.5 Mt @ 5.47 g/t Au for 2.55 million ounces of gold in the inferred category. Kenorland Minerals hold a 4% net smelter return royalty on the Project, which is 100% owned and operated by Sumitomo Metal Mining Canada Ltd ("Sumitomo").

The Technical Report has an effective date of November 30, 2025, and a report date of January 29, 2026. Marie-Christine Gosselin, P.Geo., géo., a Qualified Person with SLR Consulting (Canada) Ltd. and a registered member of the Ordre des Géologues du Québec (OGQ #02060), acted as a Qualified Person as defined under NI 43-101. The report is available under Kenorland's profile on SEDAR+.

About Frotet Project

The Project covers 38,930 hectares of the Frotet-Evans greenstone belt within the Opatica geological sub-province of Quebec. The property is adjacent to the past-producing Troilus Mining Corporation's Au-Cu mine (9.32Moz Au Indicated Mineral 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 in 2018.

The Project includes the Regnault gold deposit, 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 131,713 metres of drilling (296 drill holes) to date and hosts an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold.

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.

About Kenorland Minerals

Kenorland Minerals Ltd. (TSXV: KLD) 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% 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, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.

Further information can be found on the Company's website www.kenorlandminerals.com

On behalf of the Board of Directors,

Zach Flood
President, CEO & Director

For further information, please contact:

Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
info@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 those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281998

FAQ

What does Kenorland's NI 43-101 filing for Frotet (KLDCF) report?

It reports an initial inferred resource of 14.5 Mt @ 5.47 g/t Au (2.55 Moz). According to the company, the Technical Report has an effective date of November 30, 2025 and a report date of January 29, 2026.

How much royalty does Kenorland (KLDCF) hold on the Frotet Project?

Kenorland holds a 4% net smelter return (NSR) on the Frotet Project. According to the company, the project itself is 100% owned and operated by Sumitomo Metal Mining Canada.

What is the significance of the resource being 'inferred' in the KLDCF report?

An inferred classification means higher geological uncertainty than measured or indicated categories. According to the company, further drilling and studies would be needed to upgrade confidence and support economic assessment.

Where can investors find the Frotet Project NI 43-101 Technical Report for KLDCF?

The Technical Report is available on SEDAR+ under Kenorland's profile. According to the company, the report was filed January 29, 2026 with an effective date of November 30, 2025.

Does Kenorland (KLDCF) operate the Frotet Project or receive production revenues?

Kenorland does not operate the project; it holds a 4% NSR royalty instead of ownership or operatorship. According to the company, Sumitomo Metal Mining Canada owns and operates the project.