Kenorland Minerals Ltd. announced results from its 2023 large-scale geochemical and prospecting surveys targeting gold, nickel-copper, and lithium mineral systems at its 100% owned South Uchi Project (the "Project"), located 45 kilometers along strike to the east of Kinross Gold's Great Bear Project (formerly, Dixie Lake) in the Red Lake District of northwestern Ontario. South Uchi Highlights: W widespread (40km2) gold-in-till anomaly at the Papaonga target area; Strong multi-element signature associated with gold anomalism (Au-Ag-Te-W+-As-Sb); Located in the Confederation Assemblage volcanics within the Red Lake Mining District Complex structural and geologic setting, prospective for orogenic gold systems Limited historical exploration within the target area, including no historical drilling; Detailed follow-up exploration program planned in 2024 to generate drill targets. Since regaining 100% control of the South Uchi Project in January 2023), Kenorland has completed a large-scale geochemical sampling survey including approximately 2,800 fine fraction till samples, 700 heavy mineral concentrate ("HMC") till samples, and 630 rock samples.

The survey focused on a number of different mineral system targets (Au, Ni-Cu, Li) across the 83,385-hectare property. Results from the fine fraction till sampling identified the Papaonga target, defined by a large-scale, coherent gold-in-till anomalies and a strong multi-element signature of Au-Ag-Te-W +-As-Sb. The Papaonga gold-in-tillomaly covers approximately five kilometers striking eastwest and eight kilometers northeast-southwest following the prominent ice flow direction.

There has been very limited historical exploration, and no historical drilling has occurred within the geochemical source target area. The most exciting aspect of this anomaly is the location in the prolific Red Lake Mining District, within the Confederation Assemblage volcanicics, a geologic setting similar to that of the Great Bear Project (formerly,Dixie Lake). There has been minimal meaningful exploration in the area and believe the widespread gold-in-till anomalism could be related to an undiscovered gold system.

The Papaonga target is located within the eastern pressure shadow of an interpreted early (pre to syntectonic) quartz-diorite pluton bounded by regional 1st order, major east-west trending deformation zones to the north and south. Northeast to east-west trending 2nd order linking structures have intensely strained, folded and offset geologically complex stratigraphy comprised of tholeiitic mafic volcanics, calc-alkaline mafic volcanics, and clastic sedimentary rocks intercalated with iron formation. Previous mapping has noted strong penetrative fabric within all rock types (intrusive, volcanic and sedimentary rocks) following the east-west and northeast orientations.

To view an enhanced version of this graphic, Kenorland is planning a detailed mapping and prospecting campaign within the Papaonga target area for the 2024 summer field season, focusing on the identified 'head' (source) of the gold-in-till glacial dispersal plumes. In addition, 10kg HMC till samples will be collected across the target area for gold grain counts and analysis. The Company also recently completed a high resolution airborne magnetic survey covering the Papaonga target area.

The goal of the 2024 exploration campaign is to develop drill targets for testing in 2025.