Karnalyte Resources : Announces 2025 Year End Results and Provides Corporate Update

About this update from Karnalyte Resources Inc.

KARNALYTE RESOURCES INC. ANNOUNCES 2025 YEAR END RESULTS AND PROVIDES CORPORATE UPDATE Not for distribution to U.S. news wire services or dissemination in the United States. SASKATOON, SK (CNW- March 27, 2026) - Karnalyte Resources Inc. ("Karnalyte" or the "Company") (TSX: KRN) today announced its financial results and corporate highlights for the financial year ended December 31, 2025. 2025 HIGHLIGHTS Completion of updated feasibility study and National Instrument 43-101 ("NI 43-101") technical report entitled "NI 43-101 Technical Report on the Feasibility Study of the Wynyard Project, Saskatchewan, Canada" (the "Feasibility Study") confirming a 70-year projected mine life for the Wynyard Project After-tax NPV of $2.04 billion (8% discount rate) and IRR of 12.5% demonstrating strong project economics Planned production of 2.175 million tonnes per year of potash and 104,000 tonnes per year of hydromagnesite at full production NI 43-101 technical report filed on SEDAR+ on January 7, 2026 Sale of non-core farmland assets generating approximately $1.4 million in net proceeds Resolved outstanding legal matters, eliminating previously disclosed contingent liabilities. "In 2025, Karnalyte achieved a major milestone with the completion of the updated feasibility study for the Wynyard Project," said Danielle Favreau, Chief Executive Officer of Karnalyte Resources. "The study confirms the strength of our resource, the long life of the project and the positive economics supporting its development. With a strong technical foundation and our strategic partnership with GSFC, Karnalyte is well positioned to advance the project and pursue opportunities that create long-term value for our shareholders." COMPLETION OF THE FEASIBILITY STUDY In 2025, the Company completed its Feasibility Study, a major milestone in demonstrating the value of Karnalyte's mineral assets and advancing the project toward development. The Feasibility Study, effective November 26, 2025, was prepared by Wood Canada Limited, ERCOSPLAN Ingenieurgesellschaft, RESPEC Consulting Inc., and March Consulting Associates Inc. The Feasibility Study, effective November 26, 2025, and filed on SEDAR+ on January 7, 2026, confirmed a projected 70-year mine life and positive project economics, providing a strong foundation for the future development of the Wynyard Project. The study demonstrated an after-tax net p...

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