Kenorland Minerals Reports a Grassroots Discovery of Widespread Gold Mineralisation at the Opinaca Project, Quebec

About this update from Kenorland Minerals Ltd.

Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to report a grassroots gold discovery at the Opinaca Project (the "Project"), located in the James Bay region of Quebec. Kenorland is the current operator and holds a 3% net smelter return ("NSR") royalty on the Project, which is 100% owned by Targa Exploration Corp. ("Targa"). Assays from all 8 drill holes completed in the campaign, totaling in 3,665 metres of drilling, are reported herein. Drill Highlights: Figure 1. Plan map of Opinaca drilling with highlights from this press release To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6489/281017_73f31684540f2899_001full.jpg Discussion of Results The 2025 fall drill program represents the first-ever drilling at the Project, following two years of systematic exploration. Prior to this program, no historical drilling or documented gold occurrences had been reported within the target area. The maiden drill program comprised eight (8) diamond drillholes totaling 3,665 metres, designed to test a 4-km-wide area located at the head of an extensive gold-in-till and heavy mineral concentrate (HMC) gold grain anomaly, as well as anomalous rock samples returning up to 6.67 g/t Au identified through prospecting. Widespread gold mineralisation was intersected across the target area along three separate drill fences. Mineralisation is hosted within all lithologies including felsic tonalitic intrusives with moderate to strong albite alteration, moderately to strongly deformed meta-wacke, felsic pegmatite and fine-grained mafic intrusive units. Foliation-parallel quartz-feldspar-biotite ± arsenopyrite veins associated with gold cross-cut all lithologies. The spatial association of gold with albite-altered tonalites, quartz-feldspar veinlets, arsenopyrite, and pegmatites is similar to the Cheechoo gold deposit* (Sirios Resources), also located in the James Bay region, underscoring the potential for a significant intrusion-related gold system at the Opinaca Project. Figure 2. 166.14 g/t Au quartz-amphibole-arsenopyrite-gold vein from 25OPDD007, 459.85-460.15m To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6489/...

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