Kenorland Minerals Ltd. announced that it has entered into two option agreements (collectively the "Agreements") to acquire a 100% interest in the Stormy Project and the Goldstorm Project (the "Optioned Projects") located within the Western Wabigoon geologic subprovince of Ontario, Canada, near the Company's Western Wabigoon Project (the "Project"). Pursuant to the Agreements, the Company is granted the option to acquire a 100% interest In the Optioned Projects by making a series of cash payments and issuances of common shares of the Company ("Shares") over a 3-year and 4-year period as follows: Stormy Project. $25,000 cash payment due upon the extension of the claim anniversary by 12 months; $50,000 (distributed as 50% cash and 50% Shares) on the 1st anniversary of the Stormy Agreement; $60,000 (distributed as50% cash and 50% shares) on the 2nd anniversary of the Stormy.

Agreement; $75,000 (distributed as 100% cash and 50% Shares") on the 3rd anniversary of the Stormy Agreement. Additionally, the Company will grant a 1.5% net smelter return royalty on the Goldstorm Project with a 0.5% buyback provision, exercisable by the one-time payment of $1,000,000 in cash. All common shares of Kenorland issuable pursuant to the Agreements will have a deemed issuance price equivalent to the market price of such Shares at the time of issuance.

The Shares will also be subject to a four-month and one day resale restriction from the date of their issuance. The Agreements and the issuance of the Shares thereunder are subject to the approval of the TSX Venture Exchange. The consolidated land package encompasses approximately 40km strike length of the Mosher Bay-Washeibemaga Deformation Zone (MBWDZ), a major, crustal scale east-trending deformation zone within the Western Wabigoo Subprovince.

The MBWDZ is marked by the syn-orogenic, Timiskaming-like polymictic conglomerate to coarse sedimentary and volcanic rocks of the Stormy Lake group, that juxtaposes older mafic volcanic rocks of the Boyer Lake group to the north and the Wapageisi group to the south. The newly optioned land package, covering 25,400 hectares of ground, compliments Kenorland's 100% owned projects located in Western Ontario, including the Flora Project (47,800 hectares), the Western Wabigoon Project ("58,900 hectares), and the Algoman Project (78,600 hectares), covering several regional scale structures within the Western Wabigons and Marmion Subprovinces. In addition to the prospective geology, Kenorland believes that these project areas, totaling 210,700 hectares, are under-explored and is planning a number of large-scale systematic regional geochemical surveys to be completed during the 2024 summer field season.

Qualified Person. Janek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824) and Cedric Mayer, M.Sc., P.GeO.

(OGQ #02385), each a "Qualified Person" under National Instrument 43- 101, has reviewed and approved the scientific and technical information in this press release.