Business
Kenorland Minerals Announces Termination of Joint Venture Exploration Agreement at the O'Sullivan Project, Quebec; Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Sumitomo Metal Mining Canada Ltd. ("Sumitomo") has elected to withdraw from the Earn-in and Joint Venture Exploration Agreement dated December 14, 2022 ("JVEA"), for the O'Sullivan Project (the "Project"), located in Quebec. The termination of the JVEA is effective May 9, 2026 and Kenorland will retain 100% ownership in the.
About this update from Sumitomo Corporation
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Sumitomo Metal Mining Canada Ltd. ("Sumitomo") has elected to withdraw from the Earn-in and Joint Venture Exploration Agreement dated December 14, 2022 ("JVEA"), for the O'Sullivan Project (the "Project"), located in Quebec. The termination of the JVEA is effective May 9, 2026 and Kenorland will retain 100% ownership in the Project.","length":562,"tagName":"p"},{"type":"text","content":"Figure 1. Location Map of the O'Sullivan Project","length":52,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":334,"url":"https://media.zenfs.com/en/newsfile_64/8b2700cfdc2f98944acb3445f2c85a39"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/K2xxseO_GUXx1Vsj_.j_.g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU4Mw--/https://media.zenfs.com/en/newsfile_64/8b2700cfdc2f98944acb3445f2c85a39","width":550,"height":334}},"href":"https://images.newsfilecorp.com/files/6489/293415_570b3398845ac969_001full.jpg","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6489/293415_570b3398845ac969_001full.jpg","length":137,"tagName":"p","attribs":{}},{"type":"text","content":"*Effective May 9, 2026","length":22,"tagName":"p"},{"type":"text","content":"About the O'Sullivan Project","length":32,"tagName":"p"},{"type":"text","content":"The O'Sullivan Project covers 27,534 hectares of mineral tenure within the Abitibi greenstone belt along the Casa Berardi Deformation Zone ("CBDZ"). The CBDZ is one of the primary structures that controls orogenic gold mineralisation in the belt and hosts the active Casa Berardi mine that has produced over 2.0 million ounces of gold since 1988, with recent proven and probable reserves of 1.27 million ounces*. Other major deposits along the CBDZ include the Douay gold deposit (2.52 million oz Au inferred and 511,000 oz Au indicated)** as well as the Nelligan gold deposit, having a 5.16 million oz Au inferred and 3.12 million oz gold indicated resource***. The O'Sulli...