Kenorland Minerals Ltd.

Kenorland Minerals is a Canada-based exploration and royalty company focused on generating new gold discoveries in North America. The company combines systematic project generation with strategic partnerships with major mining companies to advance exploration while limiting shareholder dilution. Kenorland’s flagship asset is a 4% NSR royalty on the Regnault gold discovery at the Frotet Project in Quebec, operated by Sumitomo Metal Mining. The company also maintains a large pipeline of early-stage exploration projects across North America.

Management Profile:

Zach Flood - President, CEO and Director

Mr. Flood is an experienced geologist with a broad international background in mineral exploration across Asia, Africa, and the Americas. He co-founded Kenorland Minerals Ltd. in 2016 and has since led the Company’s growth into a premier project-generation and royalty company. Mr. Flood is also Executive Chairman of Koulou Gold Corp., a private exploration company focused on early-stage exploration in Côte d’Ivoire.

Alex Muir, CFA - Corporate Development and Investor Relations Manager

Mr. Muir is a CFA charterholder and has 10+ years in capital markets experience with former roles as an Analyst in Listings at the Toronto Stock Exchange and Corporate Development & Investor Relations Manager at CopperCorp Resources Inc.

What are your key goals for the next 3, 6 and 12 months?

3 Months

Complete and report results from the Phase 3 drill program at the South Uchi Project (Red Lake District, Ontario), currently under option to Auranova Resources. Kenorland retains a 30% carried interest to PEA, an equity position in Auranova, and a 2% NSR.

Complete and report results from the maiden drill program at the West Wabigoon Project, under option to Centerra Gold, where Kenorland retains a 30% carried interest to PFS and a 2% NSR.

Execute regional-scale, first-pass systematic geochemical surveys across priority targets during the summer field season.

Advance partnership discussions and secure new agreements on select 100%-owned projects in eastern Canada.

6 Months

Execute the Phase 2 drill program at the Opinaca Project (James Bay, Quebec), where Kenorland holds an equity interest in Targa Exploration and a 3% NSR. The maiden 2025 drill program intersected broad gold mineralisation in 7 of 8 holes.

Conduct first-pass, regional-scale geochemical soil sampling programs across key projects in Ontario, Manitoba, and Saskatchewan.

Report results from the Winter 2026 drill program at the Frotet Project, operated by Sumitomo Metal Mining.

12 Months

Report on development progress at the Frotet Project, including permitting advancements for a potential underground exploration decline. Kenorland holds a 4% NSR royalty on the project, operated by Sumitomo Metal Mining, which continues to advance the Regnault gold deposit following the December 2025 maiden inferred resource of 2.55 Moz at 5.47 g/t Au.

Advance the Flora Project (under option to Centerra Gold) toward a maiden drill program, where Kenorland retains a 30% carried interest to PFS and a 2% NSR.

Continue to generate and evaluate new regional-scale project opportunities through strategic staking in underexplored greenstone belts across eastern Canada.

What do you think makes your company such a compelling investment?

Kenorland offers a differentiated investment proposition through its discovery-driven project generator model combined with meaningful long-term royalty exposure. Kenorland has demonstrated an ability to make new discoveries, most notably at the Regnault gold deposit, while maintaining capital discipline by partnering with well-funded operators. This approach provides multiple “shots on goal” across a large pipeline of early-stage projects in tier-one jurisdictions, alongside downside protection from partner-funded exploration. The 4% NSR royalty at Frotet, operated by Sumitomo Metal Mining, provides direct leverage to a rapidly advancing high-grade gold system, positioning Kenorland to benefit from both exploration success and potential future development.