Kenorland Minerals Ltd. announced the commencement of the 2023 fall exploration program at the Frotet Project, located in northern Quebec and held under joint venture with Sumitomo Metal Mining Canada Ltd. ("SMMCL"). Third Quarter 2023 Fall Exploration Program. The Third Quarter 2023 program will include up to 11,300 meters of diamond drilling at the Regnault gold discovery.

This program follows the recently completed 13,360 meter drill program, which included reported highlights of 11.96 g/t Au over 4.45m and 55.70 g/t Au over 1.20m across newly discovered vein structures at approximately 1,000m below surface. The planned exploration will also include an infill soil geochemical survey covering an area directly to the east of the Regnault discovery, targeting extensions of the Regnault gold system. Regnault Drill Program.

Approximately 45% of the proposed drilling will be targeting step-outs along the R5, R6, R7 and R8 mineralised structures at depth, optimized to infill mineralisation of the R1 structure. Six drill holes are planned to infill the R1 vein system to 50m spacing, and significantly expand the R5, R6., R7 and R8 mineralized structures with 50-100m step-outs at depth down to 750m below surface. Along the R2 and R3 trends, up to 20% of the proposed program will be allocated towards infill drilling to approximately 50m drill spacing to refine geological modelling and determine grade continuity.

Three drill holes for 25% of the proposed program will focus on broad step-outs expanding the recent vein discoveries along the R9, R10 and R11 structures. These drill holes are planned to test shallower portions of the Regnault diorite up dip from the 2023 winter discovery drill holes that intersected mineralisation down to 1,000m depth below surface including 23RDD172 which returned 2.56 g/t Au over 41.85m including 11.96 g/t gold over 4.45m. The remaining 10% of planned drilling will target moderate step-outs along the R4 structures towards the east.

Regnault East Geochemical Survey. The survey follows up on gold anomalism, identified in glacial till, from one of the first geochemical surveys conducted at the Frotet Project by the Company. Structural interpretation from magnetics suggests the east-west structures controlling gold mineralisation in the main Regnault discovery area continue towards the east into this area of anomalism.

The Company anticipates that targets generated from this survey will be drill tested in the next phase of drilling in early 2024.