Kenorland Minerals Ltd. announced the commencement of drilling in addition to the 2022 exploration budget at the Frotet Project, located in northern Quebec and held under joint venture with Sumitomo Metal Mining Canada Ltd. Fiscal 2022 Exploration Budget: A total exploration budget of CAD 12.5 million has been approved by the Joint Venture for continued exploration over the next twelve months. Work 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. Summer 2022 Drill Campaign Has Commenced: The 2022 Summer drill program has commenced and will include up to 14,500 meters of diamond drilling, of which approximately 12,000 meters will be allocated towards the Regnault discovery, and up to 2,500 meters will be designated for regional exploration.

This program follows the recently completed 10,880 meter winter drill program. The Company expects assays from the Winter 2022 program to be announced during the second quarter. Regnault Summer 2022 Drill Program: Approximately 60% of the proposed drilling will be allocated for step-out drilling along the R1, R5, and newly discovered veins.

Six drill holes are planned to significantly expand these vein systems towards the east at depth targeting plunges within the interpreted east dipping Regnault diorite. An additional 6 drill holes are designed for broad-spaced step-outs towards the west along the R5 and recently discovered veins. Up to 25% of the proposed program will be assigned towards step-outs along the other known vein systems including the R2, R3 and R4 Trends.

The remaining 15% of the proposed drill program will be allocated for exploration of additional mineralised structures to the south of known vein systems within the Regnault discovery area. To date a total of 45,086 meters have been drilled at Regnault since the initial discovery drill program in early 2020. The project is currently operated by Kenorland Minerals Ltd. and exploration is co-funded with joint venture partner, Sumitomo Metal Mining Canada Ltd. Frotet Regional Summer 2022 Drill Program: Approximately 2,500 meters of diamond drilling is planned for a first pass drill program at the Company's Cressida target, located within the northwestern portion of the 39,365 hectare property.

The Cressida target is located directly along strike and within the main mineralised corridor hosting the former producing Troilus Gold Mine, currently being explored by Troilus Gold Corp. An ongoing ground induced polarization (IP) survey is expected to be completed mid-May to help refine drill targets. 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).

About the Frotet Project: The Frotet Project was first identified by Kenorland in 2017 after completing a regional prospectivity study over the Abitibi and Frotet-Evans Greenstone Belts of Quebec. The initial 55,921 ha property was acquired through map staking in March, 2017 and optioned to Sumitomo Metal Mining Canada Ltd. ("SMMCL"), a wholly owned subsidiary of Sumitomo Metal Mining Co. Ltd. in April, 2018.

Two years of property-wide systematic till sampling led to a maiden drill program in 2020 which resulted in a significant grassroots discovery at the prospect now named Regnault. The project is currently under the Joint Venture agreement between SMMCL and Kenorland Minerals Ltd., with interests being held at 80% and 20% respectively. Under the Joint Venture, exploration is funded pro-rata and Kenorland is presently the operator of the project.

Any party which does not contribute and is diluted below a 10% interest, converts its interest to an 2% uncapped net smelter royalty.