Kenorland Minerals Grants Stock Options

Rhea-AI Summary

Kenorland Minerals (OTCQX: KLDCF; TSXV: KLD) granted stock options to directors, officers, employees and consultants to purchase a total of 4,080,000 common shares at an exercise price of $3.31 per share. The options have a five-year term and vest one-third immediately, then one-third annually thereafter.

This action establishes new potential equity dilution if options are exercised and sets incentive alignment via staged vesting.

Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that it has granted stock options (the "Options") to its directors, officers, employees and consultants to acquire a total of 4,080,000 common shares of the Company at an exercise price of $3.31 per share for a period of five years. The Options vest one-third immediately, followed by one-third every year thereafter.

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/281347

FAQ

How many stock options did Kenorland Minerals (KLDCF) grant on January 23, 2026?

The company granted options to acquire 4,080,000 common shares.

What is the exercise price and term for the Kenorland (KLDCF) options?

The options have an exercise price of $3.31 per share and a five-year term.

What is the vesting schedule for the Kenorland Minerals (KLDCF) option grant?

Options vest one-third immediately and then one-third each year thereafter.

Who received the stock options from Kenorland Minerals (KLDCF)?

Options were granted to the company's directors, officers, employees and consultants.

How could the 4,080,000 options granted by Kenorland (KLDCF) affect shareholders?

If exercised, the options would create additional common shares and could increase dilution for existing shareholders depending on current outstanding shares.