Kenorland Minerals Ltd. announced initial drill results from the 2022 winter 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 20 of 25 drill holes completed, including 8,040 meters of the 10,880 meter program, are reported herein. The company is also provided an update on the recently announced summer drill program and exploration activities currently underway at the Frotet Project.

Drill highlights include the following: 22RDD111: 2.00m at 20.43 g/t Au incl. 0.70m at 46.20 g/t Au at R4 22RDD113: 2.25m at 18.63 g/t Au incl. 0.35m at 72.90 g/t Au at R4 22RDD121: 5.70m at 8.10 g/t Au incl.

2.30m at 15.72 g/t Au at newly discovered vein 22RDD124: 4.00m at 10.17 g/t Au incl. 1.35m at 25.99 g/t Au at R5 22RDD130A: 3.85m at 44.95 g/t Au incl. 1.20m at 127.83 g/t Au at R1.

The reported 20 drillholes (8,040m) are the initial results from the 2022 winter drill program at Regnault. At the R2 and R4 trends, drilling was designed primarily to expand the strike extent of mineralised structures, while drilling at the R1 trend was testing the down dip extents and exploring for additional mineralised structures immediately to the south. Along the R4 trend, highlights include hole 22RDD111 which stepped 70m east from 21RDD031 (2.70m at 15.87 g/t Au) and intersected 2.00m at 20.43 g/t Au including 0.7m at 46.20 g/t Au.

Hole 22RDD113, also on the R4 trend, stepped 100m east from 20RDD004 (2.59m at 9.89 g/t Au) and intersected 2.25m at 18.63 g/t Au incl. 0.35m at 72.9 g/t Au. The R4 trend was extended to a total of 200m strike and 225m down dip remaining open along strike and to depth.

At the R1 trend, hole 22RDD130A stepped 100m down-dip of 21RDD098 (0.33m at 30.60 g/t Au) and intersected 3.85m at 44.95 g/t Au incl. 1.20m at 127.83 g/t Au. On the recently announced discovery and definition of the R5 structure, hole 22RDD124 stepped 125m down-dip of 21RDD110 (4.50 at 2.52 g/t Au) and intersected 4.00m at 10.17 g/t Au incl.

1.35m at 25.99 g/t Au. New vein intercepts interpreted to be sub-parallel to, and 100m below the R1/R5 structures were intersected by hole 22RDD121 returning 5.70m at 8.10 g/t Au incl. 2.30m at 15.72 g/t Au.

The discovery of these additional mineralised structures indicates the potential for further sub-parallel structures at depth in the Regnault system. These results along the R1 and R5 structures extend the known mineralisation to depths of 400m and 450m below surface respectively, and remain open at depth. Gold mineralisation along the R1 trend 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. Prior to the announcement of the company's summer 2022 drill campaign, a total of 45,086m had been drilled at Regnault including the initial discovery drill program in early 2020.

Drilling is currently underway from the recently announced fiscal 2022 exploration budget which will include up to 40,000 meters of drilling carried out over two phases: a summer campaign from April to July of 2022, and a winter campaign from January to April of 2023. The current ongoing Regnault summer 2022 drill program is planned for approximately 12,000 meters with the intention to systematically step-out out along known mineralised structures and explore for additional sub-parallel structures to the south of the Regnault discovery area. Drilling completed to date has targeted broad-spaced step-outs along the R1, R5 and newly discovered mineralised structures (22RDD129) towards the east and at depth.

Additional drillholes have tested the western extension along the R5 and newly discovered mineralised structures. Visual indications of shear-related mineralisation including quartz-sulphide veining, biotite-calcite alteration and disseminated pyrite, alon with locally visible gold and tellurides continue to be intercepted beyond the previous limits of drilling. Drilling has successfully extended R1 mineralisation towards the east by greater than 100m for a know strike length of 950m and to depths of 400m below surface, remaining open.

The R5 and recently discovered veins have been traced along strike for 450m and to depths of 500m below surface, also remaining open along strike and at depth. Drill targeting is currently in progress following the recently completed ground induced polarization (IP) survey at the Company's Cressida target. Approximately 2,500 meters of diamond drilling is planned for a first pass drill program at Cressida, located within the northwestern portion of the 39,365 hectare property.

The Cressida target is located directly along strike and within the main mineralized 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 (2.5km to the northeast) and their recently discovered Beyan Gold Zone (3km to the southwest). Drilling at Cressida is expected to start late June and be completed by mid-July.