{"success":true,"data":{"pressRelease":{"id":"155163","rtpr_id":"nNFC1h57kV-20260929","ticker":"KLD","exchange":"","all_tickers":["KLD"],"title":"Kenorland Reports High-Grade Intercepts from Recent Drilling at the Frotet Project, Quebec","author":"Newsfile Corp","published_at":"2026-09-29T11:30:18.778Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - September 29, 2026) - Kenorland\nMinerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) (\"Kenorland\" or the\n\"Company\") is pleased to announce complete assay results from the 2025 fall\nand 2026 winter drill programs at the Frotet Project (the \"Project\"), located\nin northern Quebec. Assays from 20 exploration drill holes completed,\nincluding 14,980 metres of drilling, are reported herein. These drill holes\nrepresent the first drilling completed since the cut-off date for the recently\nannounced maiden Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55\nmillion ounces (Moz) of gold for the Regnault deposit (see press release dated\nDecember 16, 2025). Kenorland holds a 4% NSR royalty (the \"Frotet Royalty\")\nacross the entirety of the Project, which is 100% owned and operated by\nSumitomo Metal Mining Canada Ltd. (\"Sumitomo\" or \"SMMCL\").\n\nDrill highlights include the following:\n* 25RDD269: 2.35m at 71.89 g/t Au incl. 0.65m at 252.00 g/t Au at R11\n(step-out, outside MRE)\n* 26RDD273: 73.42m at 2.24 g/t Au incl. 3.42m at 8.73 g/t Au at R11 (step-out,\noutside MRE)\n* 26RDD287: 14.25m at 9.72 g/t Au incl. 2.00m at 55.24 g/t Au at R6 (step-out,\noutside MRE)\n* 25RDD270A: 15.40m at 8.19 g/t Au incl. 4.40m at 26.43 g/t Au at R6\n(step-out, outside MRE)\n* 26RDD275: 0.65m at 175.00 g/t Au at R4 (within 100m crown pillar)\n* 26RDD284: 7.45m at 14.79 g/t Au incl. 2.30m at 45.17 g/t Au at R6 (infill\nwithin MRE)\n* 26RDD287: 4.85m at 17.34 g/t Au incl. 1.92m at 31.04 g/t Au at R6 (step-out,\noutside MRE)\n* 26RDD273: 1.62m at 49.43 g/t Au incl. 0.57m at 135.00 g/t Au at R10\n(step-out, outside MRE)\n* 26RDD278: 3.90m at 18.26 g/t Au incl. 0.90m at 74.40 g/t Au at R9 (step-out,\noutside MRE)\n(https://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_001full.jpg)\n\nFigure 1. Plan map of Regnault drilling including highlights from this press\nrelease\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_001full.jpg\n\nDiscussion of Results\n\nThe 2025 fall and 2026 winter drill programs focused on stepping out along\nknown mineralised structures as well as increasing confidence in vein system\ngeometry and grade continuity through targeted infill drilling. Drill holes\nwere optimised to maintain 50-100m spacing, aimed to follow parameters used\nfor inferred resource classification in the recently completed mineral\nresource estimate (MRE) (see press release dated December 16, 2025).\n\nStep-out drilling continued to return significant high-grade mineralisation.\nSix drill intercepts returned results of greater than 100 grade x width (g/t\nAu * m), of which four intercepts were step-out drill holes outside of the\ncurrent MRE, one intercept was located within the 100 m crown pillar, and one\nintercept targeted infill along the R6 mineralised trend. In addition, six\nintercepts returned between 50 - 100 grade x width (g/t Au * m), with four\nstep-out intercepts located outside of the current MRE, one intercept as\ninfill along the R5 veins, and one intercept as infill within the R4\nmineralised structures.\n\nWithin the southern deeper portions of the Regnault deposit, step-out\nhighlights include 25RDD269 intersecting 2.35m at 71.89 g/t Au including 0.65m\nat 252.00 g/t Au, a 105 m step-out towards the east along the R11 vein sets.\nAlso along R11 trend, drill hole 26RDD273 returned 73.42m at 2.24 g/t Au\nincluding higher grade intervals of 3.42m at 8.73 g/t Au, 3.48m at 4.14 g/t Au\nand 2.84m at 5.75 g/t Au, a 60 m step-out to the east from hole 23RDD172\n(41.85m at 2.56 g/t Au including 4.45m at 11.96 g/t Au*). Drill hole 26RDD273\nalso returned high-grade mineralisation along R10 with 1.62m at 49.43 g/t Au\nincluding 0.57m at 135.00 g/t Au, a 85 m step-out to the east. These results\ncontinue to demonstrate the significance of the R10 and R11 trends, which did\nnot meet the spacing criteria for Inferred classification and were therefore\nexcluded from the MRE (refer to Figure 2).\n\n(https://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_002full.jpg)\n\nFigure 2. Drill hole assays, MRE constrained model (grey), and modelled\nhigh-grade shells (red) highlighting significant drill intercepts outside of\ncurrent MRE\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_002full.jpg\n\nSignificant results from the drill programs also include multiple step-outs\nalong the R6 trend including 26RDD287 that returned 14.25m at 9.72 g/t Au\nincluding 2.00m at 55.24 g/t Au, and 4.85m at 17.34 g/t Au including 1.92m at\n31.04 g/t Au. These high-grade step-outs are located 115m to the west of\n25RDD261 (12.15m at 26.33 g/t Au including 1.80m at 99.64 g/t Au and including\n1.20m at 93.48 g/t Au**), and 100m to the north and at depth from 23RDD176\n(10.70m at 5.67 g/t Au including 2.00m at 14.99 g/t Au***). Drill Hole\n25RDD270A returned 15.40m at 8.19 g/t Au including 4.40m at 26.43 g/t Au, a\n65m step-out to the east along R6 from 22RDD144 (10.08m at 4.43 g/t Au\nincluding 0.59m at 27.10 g/t Au****). An infill intercept from 26RDD284\nreturned 7.45m at 14.79 g/t Au including 2.30m at 45.17 g/t Au, showed\ncontinuity of high-grade mineralisation located 20m to the north of 22RDD133\n(6.65m at 19.50 g/t Au including 1.06m at 98.34 g/t Au*****). Step-out and\ninfill drilling along the R6 trend has continued to confirm the scale,\ncontinuity, and high-grade nature of mineralisation.\n\nOther highlights from the recent drilling include the R4 trend where 25RDD271\nreturned 8.10m at 7.89 g/t Au including 1.95m at 12.56 g/t Au and including\n1.95m at 15.76 g/t Au (infill within MRE), and 0.90m at 67.90 g/t Au (70m\nstep-out to the west). Drill hole 25RDD275 also targeting R4, returned 0.65m\nat 175.00 g/t Au currently within the 100m crown pillar used for the MRE.\n\n(*See press release August 8, 2023)\n(**See press release August 25, 2025)\n(***See press release February 20, 2024)\n(****See press release November 14, 2022)\n(*****See press release July 11, 2022)\n\nTable 1. Table of assay results from 2025 fall and 2026 winter drill programs\n\n HOLE ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Residual Au (g/t) \n 25RDD266 285.10 287.40 2.30 2.55 0.91 0.35 \n Incl. 285.10 285.50 0.40 13.00 3.62 \n And 342.85 348.00 5.15 1.87 0.76 0.59 \n Incl. 342.85 343.25 0.40 17.05 2.81 \n And 353.50 356.00 2.50 2.62 2.68 1.02 \n Incl. 353.50 354.10 0.60 7.71 8.31 \n And 393.60 398.45 4.85 5.79 3.03 1.68 \n Incl. 397.10 398.45 1.35 16.43 8.43 \n And 418.40 438.00 19.60 0.50 0.66 \n And 461.40 471.00 9.60 0.76 1.21 \n And 495.25 497.00 1.75 2.95 4.63 \n And 505.60 507.15 1.55 3.45 3.25 \n And 566.50 576.80 10.30 1.38 2.30 0.77 \n Incl. 570.00 571.45 1.45 5.15 7.47 \n And 654.90 660.65 5.75 1.42 1.70 0.95 \n Incl. 657.00 657.40 0.40 7.66 11.20 \n And 697.50 704.00 6.50 1.24 1.32 \n And 723.30 724.20 0.90 6.75 6.53 \n And 731.10 732.80 1.70 19.00 15.90 \n And 744.60 745.50 0.90 11.41 3.28 \n And 748.45 755.10 6.65 0.82 0.83 \n And 757.40 761.85 4.45 1.38 1.08 \n And 765.00 769.10 4.10 2.59 1.80 0.86 \n Incl. 766.30 766.95 0.65 11.80 7.01 \n 25RDD267 368.35 371.30 2.95 1.93 0.76 \n And 383.40 392.65 9.25 3.17 1.46 1.47 \n Incl. 384.60 385.65 1.05 16.48 3.92 \n And 397.75 401.05 3.30 2.26 2.29 \n And 460.60 462.00 1.40 4.86 1.05 \n And 514.50 524.70 10.20 0.61 0.61 \n 25RDD268 152.65 156.00 3.35 3.73 5.25 1.64 \n Incl. 153.70 154.35 0.65 12.40 18.25 \n And 183.00 183.70 0.70 8.92 10.75 \n And 308.40 317.00 8.60 0.88 0.72 \n And 344.65 345.25 0.60 22.60 16.85 \n And 447.00 459.70 12.70 0.44 0.41 \n And 532.10 532.95 0.85 6.63 9.69 \n And 560.10 567.00 6.90 0.92 0.97 \n 25RDD269 840.70 841.30 0.60 44.20 40.00 \n And 879.00 893.40 14.40 1.29 1.57 1.12 \n Incl. 884.90 886.25 1.35 2.97 5.51 \n And 1035.15 1037.50 2.35 71.89 83.80 3.02 \n Incl. 1035.60 1036.25 0.65 252.00 297.00 \n And 1222.00 1225.70 3.70 1.37 0.60 \n And 1254.00 1276.00 22.00 1.67 1.96 1.49 \n Incl. 1255.70 1258.60 2.90 2.91 2.80 \n 25RDD270A 73.15 73.50 0.35 67.50 8.27 \n And 219.25 219.55 0.30 42.80 13.80 \n And 369.95 374.00 4.05 1.95 2.71 1.27 \n Incl. 371.55 372.00 0.45 7.41 8.11 \n And 404.65 414.00 9.35 1.71 1.16 1.21 \n Incl. 404.65 405.50 0.85 6.75 5.09 \n And 419.50 421.55 2.05 3.60 2.45 1.01 \n Incl. 419.50 419.90 0.40 14.25 8.23 \n And 457.60 473.00 15.40 8.19 13.70 0.90 \n Incl. 465.50 469.90 4.40 26.43 44.34 \n And 478.70 484.90 6.20 0.83 1.04 \n 25RDD271 99.60 101.70 2.10 2.86 1.81 1.12 \n Incl. 100.70 101.20 0.50 8.43 4.81 \n And 363.90 372.00 8.10 7.89 9.29 2.07 \n Incl. 365.90 367.85 1.95 12.56 13.77 \n And Incl. 370.05 372.00 1.95 15.76 20.65 \n And 427.95 428.85 0.90 67.90 69.98 \n And 500.45 501.80 1.35 7.53 1.45 2.18 \n Incl. 501.10 501.80 0.70 12.50 2.05 \n 26RDD272 155.50 176.00 20.50 0.41 0.36 \n And 262.65 273.85 11.20 0.80 0.80 \n And 398.20 402.55 4.35 2.39 1.85 0.72 \n Incl. 399.80 400.85 1.05 7.62 5.43 \n And 425.25 426.75 1.50 7.49 0.69 \n And 511.00 513.00 2.00 7.01 5.72 2.24 \n Incl. 511.50 511.80 0.30 34.00 28.30 \n And 516.60 524.50 7.90 0.63 1.32 \n And 538.30 541.80 3.50 3.59 6.09 2.12 \n Incl. 539.45 540.00 0.55 11.45 21.40 \n And 564.00 571.20 7.20 1.52 1.97 1.14 \n Incl. 567.30 567.65 0.35 8.91 7.38 \n And 665.65 668.10 2.45 3.73 4.38 2.33 \n Incl. 666.10 666.80 0.70 7.22 14.50 \n 26RDD273 758.82 762.47 3.65 5.53 6.83 4.26 \n Incl. 761.60 762.00 0.40 15.80 21.10 \n And 805.54 807.16 1.62 49.43 61.81 2.98 \n Incl. 806.59 807.16 0.57 135.00 169.00 \n And 1071.00 1080.00 9.00 1.28 0.95 \n And 1095.20 1168.62 73.42 2.24 2.79 1.63 \n Incl. 1102.63 1106.05 3.42 8.73 8.79 \n And Incl. 1117.62 1121.10 3.48 4.14 4.57 \n And Incl. 1153.66 1156.50 2.84 5.75 9.08 \n And 1194.60 1202.90 8.30 1.03 1.26 \n 26RDD275 68.45 69.10 0.65 175.00 243.00 \n And 132.00 132.90 0.90 37.44 34.07 1.11 \n Incl. 132.30 132.90 0.60 55.60 50.50 \n 26RDD276 10.10 12.85 2.75 10.10 12.43 4.62 \n Incl. 11.45 12.10 0.65 27.80 38.51 \n And 279.95 285.00 5.05 3.73 2.69 1.60 \n Incl. 279.95 282.05 2.10 6.71 4.11 \n 26RDD277 10.50 13.00 2.50 10.12 13.93 2.75 \n Incl. 11.00 11.75 0.75 27.33 39.50 \n And 102.00 102.45 0.45 26.10 14.35 \n And 303.75 306.70 2.95 2.62 2.27 0.79 \n Incl. 305.62 306.70 1.08 5.81 4.69 \n And 344.55 345.15 0.60 9.24 9.42 \n And 369.05 370.90 1.85 4.15 5.06 1.11 \n Incl. 369.96 370.50 0.54 11.50 13.95 \n And 402.90 410.88 7.98 0.66 0.67 \n And 426.20 432.50 6.30 1.34 1.70 \n And 438.20 442.35 4.15 1.69 2.19 0.68 \n Incl. 438.80 439.20 0.40 11.15 15.10 \n 26RDD278 216.00 220.00 4.00 1.58 0.84 0.87 \n Incl. 218.40 219.00 0.60 5.58 2.64 \n And 276.00 282.50 6.50 1.57 1.60 1.07 \n Incl. 278.00 278.75 0.75 5.37 4.16 \n And 498.65 501.20 2.55 3.02 2.72 \n And 575.50 579.40 3.90 18.26 23.33 1.42 \n Incl. 577.55 578.45 0.90 74.40 96.00 \n And 624.00 628.85 4.85 2.28 2.18 \n And 871.88 872.82 0.94 6.64 5.31 \n And 1035.00 1046.72 11.72 0.56 0.78 \n And 1100.09 1122.00 21.91 0.76 1.31 \n 26RDD279 64.85 65.30 0.45 19.15 4.00 \n And 375.34 380.30 4.96 3.96 6.66 2.59 \n Incl. 378.40 380.30 1.90 6.17 13.21 \n And 504.75 510.70 5.95 1.21 1.07 \n And 539.76 540.47 0.71 8.41 7.60 \n And 572.45 576.23 3.78 2.90 3.15 1.12 \n Incl. 572.45 573.50 1.05 7.53 7.01 \n And 615.55 623.63 8.08 1.37 1.38 0.70 \n Incl. 622.63 623.63 1.00 6.15 5.52 \n And 816.60 833.50 16.90 0.79 0.77 \n 26RDD281 248.25 264.70 16.45 0.70 0.77 \n And 501.75 503.55 1.80 7.55 10.10 1.34 \n Incl. 502.25 502.70 0.45 26.20 36.20 \n And 616.45 620.20 3.75 6.29 5.85 2.34 \n Incl. 619.80 620.20 0.40 39.40 28.60 \n And 639.45 640.50 1.05 5.00 9.90 1.11 \n Incl. 639.45 640.00 0.55 8.54 17.20 \n And 645.25 649.15 3.90 3.01 2.99 1.21 \n Incl. 648.20 648.75 0.55 14.00 15.15 \n And 652.95 664.65 11.70 2.33 3.41 1.25 \n Incl. 657.70 658.65 0.95 14.65 23.50 \n 26RDD283 315.50 317.10 1.60 5.06 8.30 \n And 333.30 355.02 21.72 0.65 0.57 \n And 474.60 483.65 9.05 0.59 0.74 \n And 1152.66 1163.66 11.00 1.34 1.72 0.92 \n Incl. 1161.25 1163.66 2.41 2.82 3.46 \n And 1314.78 1320.19 5.41 1.29 1.37 \n 26RDD284 295.25 296.15 0.90 32.86 53.15 1.71 \n Incl. 295.25 295.65 0.40 71.80 117.00 \n And 448.40 449.10 0.70 7.22 4.45 \n And 456.30 464.20 7.90 7.08 9.50 1.07 \n Incl. 456.30 457.70 1.40 34.98 48.40 \n And 518.30 525.75 7.45 14.79 16.46 1.23 \n Incl. 521.00 523.30 2.30 45.17 50.75 \n And 801.00 808.90 7.90 1.09 1.57 \n 26RDD285 368.65 377.65 9.00 1.41 1.59 1.05 \n Incl. 372.60 373.05 0.45 8.29 10.85 \n And 678.60 682.14 3.54 2.34 3.63 0.84 \n Incl. 681.64 682.14 0.50 11.50 17.70 \n And 700.05 712.50 12.45 0.76 1.17 \n And 761.45 765.40 3.95 2.28 1.99 1.70 \n Incl. 761.45 762.00 0.55 5.89 2.11 \n And 1040.15 1057.65 17.50 0.80 1.05 \n And 1173.45 1183.95 10.50 1.28 1.67 1.04 \n Incl. 1180.90 1181.75 0.85 3.98 4.37 \n And 1280.55 1284.10 3.55 1.89 2.63 \n 26RDD287 38.65 44.15 5.50 2.37 3.03 1.29 \n Incl. 38.65 39.40 0.75 9.21 16.65 \n And 58.50 58.95 0.45 14.00 12.80 \n And 318.50 320.00 1.50 4.54 2.64 \n And 337.50 348.70 11.20 1.80 1.14 1.40 \n Incl. 340.70 342.30 1.60 4.20 2.39 \n And 394.45 398.25 3.80 1.53 1.74 \n And 491.60 496.45 4.85 17.34 21.12 8.36 \n Incl. 494.53 496.45 1.92 31.04 36.20 \n And 509.00 523.25 14.25 9.72 14.96 2.29 \n Incl. 515.50 517.50 2.00 55.24 84.07 \n 26RDD288 232.45 236.70 4.25 1.18 1.50 0.69 \n Incl. 233.15 233.70 0.55 4.47 4.82 \n And 256.45 268.98 12.53 1.38 1.36 1.00 \n Incl. 268.59 268.98 0.39 13.25 12.30 \n 26RDD289 129.45 131.02 1.57 11.35 8.29 5.90 \n Incl. 130.02 130.35 0.33 31.80 25.40 \n\n \n\n† Assay intervals reported are core lengths, true widths have not been\ndetermined\n‡ Residual Au (g/t) represents the average grade of the drill hole interval\nexcluding the highlighted internal interval\n\nTable 2. Drill collar table of reported drill holes from the 2025 fall and\n2026 winter drill programs\n\n Hole ID Easting (NAD83) Northing (NAD83) Elevation (m) Depth (m) Dip Azimuth \n 25RDD266 519903 5621193 377.8 771.00 -68 158 \n 25RDD267 520051 5620887 379.9 570.00 -61 324 \n 25RDD268 519907 5620941 376.1 582.00 -78 323 \n 25RDD269 519717 5620658 377.5 1283.30 -52 165 \n 25RDD270 519950 5621096 379.7 48.00 -55 161 \n 25RDD270A 519951 5621096 379.5 702.00 -56 161 \n 25RDD271 520051 5620888 379.8 540.00 -50 332 \n 26RDD272 519890 5621195 377.9 801.00 -71 170 \n 26RDD273 519698 5620501 376.5 1260.00 -64 166 \n 26RDD275 519888 5621191 377.4 180.00 -46 350 \n 26RDD276 519950 5620986 378.3 330.00 -54 331 \n 26RDD277 519950 5620986 378.0 469.00 -61 327 \n 26RDD278 519281 5620390 374.5 1206.65 -56 151 \n 26RDD279 519377 5620629 373.9 957.00 -52 147 \n 26RDD281 519496 5620434 377.3 711.00 -57 157 \n 26RDD283 519174 5620456 374.4 1335.00 -61 160 \n 26RDD284 519531 5621046 374.1 876.00 -56 157 \n 26RDD285 519445 5620649 375.0 1335.00 -59 154 \n 26RDD287 519325 5620935 374.4 543.00 -70 155 \n 26RDD288 519145 5620381 374.8 321.00 -48 170 \n 26RDD289 519746 5620982 374.7 159.00 -49 120 \n\n \n\nAbout the Frotet Project\n\nThe Project covers 39,365 hectares of the Frotet-Evans greenstone belt within\nthe Opatica geological sub-province of Quebec. The property is adjacent to the\npast-producing Troilus Mining Corporation's Au-Cu mine (9.32Moz Au indicated\nresource) and covers several major deformation zones associated with known\norogenic gold prospects, as well as stratigraphy hosting VMS deposits\nelsewhere in the belt. Kenorland initially staked the Project in 2017 and then\nentered into a joint venture and earn-in agreement with Sumitomo in 2018.\n\nOn February 19, 2024, Kenorland closed a transaction to exchange its 20%\nparticipating interest in the Frotet Joint Venture with Sumitomo to a 4% NSR\nRoyalty.\n\nThe Project hosts the Regnault gold deposit, a greenfields discovery made by\nKenorland and Sumitomo in 2020 following two years of systematic exploration.\nA maiden inferred mineral resource of 14.5 Mt at 5.47 g/t Au for 2.55 million\nounces (Moz) of gold for the Regnault gold deposit was announced December 16,\n2025. The 2025 mineral resource estimate incorporated 289 drill holes\ntotalling 127,217 m of drilling. To date, 314 drill holes for 143,823 m of\ndrilling has been completed in the deposit area.\n\nThe Project is located 100 kilometres to the north of Chibougamau, Quebec.\nFavorable infrastructure exists in the project area with an extensive forestry\nroad network as well as the Route-du-Nord crossing the southwestern portion of\nthe property. A power transmission line also crosses through the property\nwhich supplied power to the past producing Troilus mine.\n\n(https://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_003full.jpg)\n\nFigure 3. Frotet Project, Quebec: 4% NSR Royalty\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_003full.jpg\n\n*Technical Report and Mineral Resource Estimate on the Troilus Gold-Copper\nProject, Mineral Resources Effective Date: 02 October 2023\n** Mineral Resource Estimate on Moblan Lithium Project, Mineral Resources\nEffective Date: 21 March 2023\n***The Frotet Royalty is subject to the following buy down rights in favour of\nSumitomo:\nA 0.25% royalty interest may be purchased for a C$3,000,000 cash payment to\nKenorland within five (5) years of the grant of the Frotet Royalty\nA 0.50% royalty interest may be purchased for a C$10,000,000 cash payment to\nKenorland within ten (10) years of the grant of the Frotet Royalty\nIn the event Sumitomo exercises the foregoing buy down rights, the Frotet\nRoyalty would be reduced to an uncapped 3.25% net smelter return royalty on\nall minerals extracted from the Project\n\nQA/QC and Core Sampling Protocols\n\nAll drill core samples were collected under the supervision of Equity\nExploration Consultants employees. Drill core was transported from the drill\nplatform to the logging facility where it was logged, photographed, and split\nby diamond saw prior to being sampled. Samples were then bagged, and blanks\nand certified reference materials were inserted at regular intervals. Groups\nof samples were placed in large bags, sealed with numbered tags in order to\nmaintain a chain-of-custody, and transported from Chibougamau to ALS Canada\nLtd. (\"ALS\") laboratory in Rouyn-Noranda, Quebec.\n\nSample preparation and analytical work for this drill program were carried out\nby ALS. Samples were prepared for analysis according to ALS methods CRU-31 and\nPUL-31: individual samples were crushed to 2mm (10 mesh) and a 250g split was\npulverized to 75μm (200 mesh) for analysis and then assayed for gold. Gold in\nsamples were analyzed using ALS method Au-AA23 where a 30g split is analyzed\nwith fire assay by Pb collection and AAS finish. Over-limits gold samples were\nre-analyzed using ALS method Au-GRA21 where a 30g split is analyzed with fire\nassay by Pb collection and gravimetric finish. Multi-element geochemical\nanalysis (48 elements) was performed on all samples using ALS method ME-MS61\nwhere a 0.25g split is analyzed by multi-acid digest with ICP-MS/ES finish.\nAll results passed the QA/QC screening at the lab, all company inserted\nstandards and blanks returned results that were within acceptable limits.\n\nQualified Person\n\nCédric Mayer, M.Sc., P.Geo. (OGQ #02385), Senior Project Geologist at\nKenorland Minerals Ltd. and a \"Qualified Person\" as defined by National\nInstrument 43-101, has reviewed and approved the scientific and technical\ninformation contained in this news release. Mr. Mayer conducted a site visit,\nreviewed the sampling procedures, analytical methods, and QA/QC results, and\nconsiders the data suitable for the purposes of this disclosure. The\nexploration program, including QA/QC implementation, control sample\nmonitoring, and laboratory re-assay decisions where required, was managed by\nEquity Exploration Consultants Ltd. in accordance with industry best\npractices.\n\nAbout Kenorland Minerals\n\nKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration\ncompany focused on project generation and early-stage exploration in North\nAmerica. Kenorland's exploration strategy is to advance greenfields projects\nthrough systematic, property-wide, phased exploration surveys financed\nprimarily through exploration partnerships including option to joint venture\nagreements. Kenorland holds a 4% net smelter return royalty on the Frotet\nProject in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The\nFrotet Project hosts the Regnault gold system, a greenfields discovery made by\nKenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an\nInferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold.\nKenorland is based in Vancouver, British Columbia, Canada.\n\nFurther information can be found on the Company's website\nwww.kenorlandminerals.com\n\nOn behalf of the Board of Directors,\n\nZach Flood\nPresident, CEO & Director\nTel +1 604 568 6005\ninfo@kenorlandminerals.com\n\nCautionary Statement Regarding Forward Looking Statements\n\nThis news release contains forward-looking statements and forward-looking\ninformation (together, \"forward-looking statements\") within the meaning of\napplicable securities laws. All statements, other than statements of\nhistorical facts, are forward-looking statements. Generally, forward-looking\nstatements can be identified by the use of terminology such as \"plans\",\n\"expects\", \"estimates\", \"intends\", \"anticipates\", \"believes\" or variations of\nsuch words, or statements that certain actions, events or results \"may\",\n\"could\", \"would\", \"might\", \"will be taken\", \"occur\" or \"be achieved\". Forward\nlooking statements involve risks, uncertainties and other factors disclosed\nunder the heading \"Risk Factors\" and elsewhere in the Company's filings with\nCanadian securities regulators, that could cause actual results, performance,\nprospects and opportunities to differ materially from those expressed or\nimplied by such forward-looking statements. Although the Company believes that\nthe assumptions and factors used in preparing these forward-looking statements\nare reasonable based upon the information currently available to management as\nof the date hereof, actual results and developments may differ materially from\nthose contemplated by these statements. Readers are therefore cautioned not to\nplace undue reliance on these statements, which only apply as of the date of\nthis news release, and no assurance can be given that such events will occur\nin the disclosed times frames or at all. Except where required by applicable\nlaw, the Company disclaims any intention or obligation to update or revise any\nforward-looking statement, whether as a result of new information, future\nevents or otherwise.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/316438","article_body_html":"","raw_payload":{"data":{"id":"nNFC1h57kV-20260929","title":"Kenorland Reports High-Grade Intercepts from Recent Drilling at the Frotet Project, Quebec","author":"Newsfile Corp","ticker":"KLD","created":"2026-09-29T11:30:18.778Z","tickers":["KLD"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - September 29, 2026) - Kenorland\nMinerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) (\"Kenorland\" or the\n\"Company\") is pleased to announce complete assay results from the 2025 fall\nand 2026 winter drill programs at the Frotet Project (the \"Project\"), located\nin northern Quebec. Assays from 20 exploration drill holes completed,\nincluding 14,980 metres of drilling, are reported herein. These drill holes\nrepresent the first drilling completed since the cut-off date for the recently\nannounced maiden Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55\nmillion ounces (Moz) of gold for the Regnault deposit (see press release dated\nDecember 16, 2025). Kenorland holds a 4% NSR royalty (the \"Frotet Royalty\")\nacross the entirety of the Project, which is 100% owned and operated by\nSumitomo Metal Mining Canada Ltd. (\"Sumitomo\" or \"SMMCL\").\n\nDrill highlights include the following:\n* 25RDD269: 2.35m at 71.89 g/t Au incl. 0.65m at 252.00 g/t Au at R11\n(step-out, outside MRE)\n* 26RDD273: 73.42m at 2.24 g/t Au incl. 3.42m at 8.73 g/t Au at R11 (step-out,\noutside MRE)\n* 26RDD287: 14.25m at 9.72 g/t Au incl. 2.00m at 55.24 g/t Au at R6 (step-out,\noutside MRE)\n* 25RDD270A: 15.40m at 8.19 g/t Au incl. 4.40m at 26.43 g/t Au at R6\n(step-out, outside MRE)\n* 26RDD275: 0.65m at 175.00 g/t Au at R4 (within 100m crown pillar)\n* 26RDD284: 7.45m at 14.79 g/t Au incl. 2.30m at 45.17 g/t Au at R6 (infill\nwithin MRE)\n* 26RDD287: 4.85m at 17.34 g/t Au incl. 1.92m at 31.04 g/t Au at R6 (step-out,\noutside MRE)\n* 26RDD273: 1.62m at 49.43 g/t Au incl. 0.57m at 135.00 g/t Au at R10\n(step-out, outside MRE)\n* 26RDD278: 3.90m at 18.26 g/t Au incl. 0.90m at 74.40 g/t Au at R9 (step-out,\noutside MRE)\n(https://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_001full.jpg)\n\nFigure 1. Plan map of Regnault drilling including highlights from this press\nrelease\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_001full.jpg\n\nDiscussion of Results\n\nThe 2025 fall and 2026 winter drill programs focused on stepping out along\nknown mineralised structures as well as increasing confidence in vein system\ngeometry and grade continuity through targeted infill drilling. Drill holes\nwere optimised to maintain 50-100m spacing, aimed to follow parameters used\nfor inferred resource classification in the recently completed mineral\nresource estimate (MRE) (see press release dated December 16, 2025).\n\nStep-out drilling continued to return significant high-grade mineralisation.\nSix drill intercepts returned results of greater than 100 grade x width (g/t\nAu * m), of which four intercepts were step-out drill holes outside of the\ncurrent MRE, one intercept was located within the 100 m crown pillar, and one\nintercept targeted infill along the R6 mineralised trend. In addition, six\nintercepts returned between 50 - 100 grade x width (g/t Au * m), with four\nstep-out intercepts located outside of the current MRE, one intercept as\ninfill along the R5 veins, and one intercept as infill within the R4\nmineralised structures.\n\nWithin the southern deeper portions of the Regnault deposit, step-out\nhighlights include 25RDD269 intersecting 2.35m at 71.89 g/t Au including 0.65m\nat 252.00 g/t Au, a 105 m step-out towards the east along the R11 vein sets.\nAlso along R11 trend, drill hole 26RDD273 returned 73.42m at 2.24 g/t Au\nincluding higher grade intervals of 3.42m at 8.73 g/t Au, 3.48m at 4.14 g/t Au\nand 2.84m at 5.75 g/t Au, a 60 m step-out to the east from hole 23RDD172\n(41.85m at 2.56 g/t Au including 4.45m at 11.96 g/t Au*). Drill hole 26RDD273\nalso returned high-grade mineralisation along R10 with 1.62m at 49.43 g/t Au\nincluding 0.57m at 135.00 g/t Au, a 85 m step-out to the east. These results\ncontinue to demonstrate the significance of the R10 and R11 trends, which did\nnot meet the spacing criteria for Inferred classification and were therefore\nexcluded from the MRE (refer to Figure 2).\n\n(https://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_002full.jpg)\n\nFigure 2. Drill hole assays, MRE constrained model (grey), and modelled\nhigh-grade shells (red) highlighting significant drill intercepts outside of\ncurrent MRE\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_002full.jpg\n\nSignificant results from the drill programs also include multiple step-outs\nalong the R6 trend including 26RDD287 that returned 14.25m at 9.72 g/t Au\nincluding 2.00m at 55.24 g/t Au, and 4.85m at 17.34 g/t Au including 1.92m at\n31.04 g/t Au. These high-grade step-outs are located 115m to the west of\n25RDD261 (12.15m at 26.33 g/t Au including 1.80m at 99.64 g/t Au and including\n1.20m at 93.48 g/t Au**), and 100m to the north and at depth from 23RDD176\n(10.70m at 5.67 g/t Au including 2.00m at 14.99 g/t Au***). Drill Hole\n25RDD270A returned 15.40m at 8.19 g/t Au including 4.40m at 26.43 g/t Au, a\n65m step-out to the east along R6 from 22RDD144 (10.08m at 4.43 g/t Au\nincluding 0.59m at 27.10 g/t Au****). An infill intercept from 26RDD284\nreturned 7.45m at 14.79 g/t Au including 2.30m at 45.17 g/t Au, showed\ncontinuity of high-grade mineralisation located 20m to the north of 22RDD133\n(6.65m at 19.50 g/t Au including 1.06m at 98.34 g/t Au*****). Step-out and\ninfill drilling along the R6 trend has continued to confirm the scale,\ncontinuity, and high-grade nature of mineralisation.\n\nOther highlights from the recent drilling include the R4 trend where 25RDD271\nreturned 8.10m at 7.89 g/t Au including 1.95m at 12.56 g/t Au and including\n1.95m at 15.76 g/t Au (infill within MRE), and 0.90m at 67.90 g/t Au (70m\nstep-out to the west). Drill hole 25RDD275 also targeting R4, returned 0.65m\nat 175.00 g/t Au currently within the 100m crown pillar used for the MRE.\n\n(*See press release August 8, 2023)\n(**See press release August 25, 2025)\n(***See press release February 20, 2024)\n(****See press release November 14, 2022)\n(*****See press release July 11, 2022)\n\nTable 1. Table of assay results from 2025 fall and 2026 winter drill programs\n\n HOLE ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Residual Au (g/t) \n 25RDD266 285.10 287.40 2.30 2.55 0.91 0.35 \n Incl. 285.10 285.50 0.40 13.00 3.62 \n And 342.85 348.00 5.15 1.87 0.76 0.59 \n Incl. 342.85 343.25 0.40 17.05 2.81 \n And 353.50 356.00 2.50 2.62 2.68 1.02 \n Incl. 353.50 354.10 0.60 7.71 8.31 \n And 393.60 398.45 4.85 5.79 3.03 1.68 \n Incl. 397.10 398.45 1.35 16.43 8.43 \n And 418.40 438.00 19.60 0.50 0.66 \n And 461.40 471.00 9.60 0.76 1.21 \n And 495.25 497.00 1.75 2.95 4.63 \n And 505.60 507.15 1.55 3.45 3.25 \n And 566.50 576.80 10.30 1.38 2.30 0.77 \n Incl. 570.00 571.45 1.45 5.15 7.47 \n And 654.90 660.65 5.75 1.42 1.70 0.95 \n Incl. 657.00 657.40 0.40 7.66 11.20 \n And 697.50 704.00 6.50 1.24 1.32 \n And 723.30 724.20 0.90 6.75 6.53 \n And 731.10 732.80 1.70 19.00 15.90 \n And 744.60 745.50 0.90 11.41 3.28 \n And 748.45 755.10 6.65 0.82 0.83 \n And 757.40 761.85 4.45 1.38 1.08 \n And 765.00 769.10 4.10 2.59 1.80 0.86 \n Incl. 766.30 766.95 0.65 11.80 7.01 \n 25RDD267 368.35 371.30 2.95 1.93 0.76 \n And 383.40 392.65 9.25 3.17 1.46 1.47 \n Incl. 384.60 385.65 1.05 16.48 3.92 \n And 397.75 401.05 3.30 2.26 2.29 \n And 460.60 462.00 1.40 4.86 1.05 \n And 514.50 524.70 10.20 0.61 0.61 \n 25RDD268 152.65 156.00 3.35 3.73 5.25 1.64 \n Incl. 153.70 154.35 0.65 12.40 18.25 \n And 183.00 183.70 0.70 8.92 10.75 \n And 308.40 317.00 8.60 0.88 0.72 \n And 344.65 345.25 0.60 22.60 16.85 \n And 447.00 459.70 12.70 0.44 0.41 \n And 532.10 532.95 0.85 6.63 9.69 \n And 560.10 567.00 6.90 0.92 0.97 \n 25RDD269 840.70 841.30 0.60 44.20 40.00 \n And 879.00 893.40 14.40 1.29 1.57 1.12 \n Incl. 884.90 886.25 1.35 2.97 5.51 \n And 1035.15 1037.50 2.35 71.89 83.80 3.02 \n Incl. 1035.60 1036.25 0.65 252.00 297.00 \n And 1222.00 1225.70 3.70 1.37 0.60 \n And 1254.00 1276.00 22.00 1.67 1.96 1.49 \n Incl. 1255.70 1258.60 2.90 2.91 2.80 \n 25RDD270A 73.15 73.50 0.35 67.50 8.27 \n And 219.25 219.55 0.30 42.80 13.80 \n And 369.95 374.00 4.05 1.95 2.71 1.27 \n Incl. 371.55 372.00 0.45 7.41 8.11 \n And 404.65 414.00 9.35 1.71 1.16 1.21 \n Incl. 404.65 405.50 0.85 6.75 5.09 \n And 419.50 421.55 2.05 3.60 2.45 1.01 \n Incl. 419.50 419.90 0.40 14.25 8.23 \n And 457.60 473.00 15.40 8.19 13.70 0.90 \n Incl. 465.50 469.90 4.40 26.43 44.34 \n And 478.70 484.90 6.20 0.83 1.04 \n 25RDD271 99.60 101.70 2.10 2.86 1.81 1.12 \n Incl. 100.70 101.20 0.50 8.43 4.81 \n And 363.90 372.00 8.10 7.89 9.29 2.07 \n Incl. 365.90 367.85 1.95 12.56 13.77 \n And Incl. 370.05 372.00 1.95 15.76 20.65 \n And 427.95 428.85 0.90 67.90 69.98 \n And 500.45 501.80 1.35 7.53 1.45 2.18 \n Incl. 501.10 501.80 0.70 12.50 2.05 \n 26RDD272 155.50 176.00 20.50 0.41 0.36 \n And 262.65 273.85 11.20 0.80 0.80 \n And 398.20 402.55 4.35 2.39 1.85 0.72 \n Incl. 399.80 400.85 1.05 7.62 5.43 \n And 425.25 426.75 1.50 7.49 0.69 \n And 511.00 513.00 2.00 7.01 5.72 2.24 \n Incl. 511.50 511.80 0.30 34.00 28.30 \n And 516.60 524.50 7.90 0.63 1.32 \n And 538.30 541.80 3.50 3.59 6.09 2.12 \n Incl. 539.45 540.00 0.55 11.45 21.40 \n And 564.00 571.20 7.20 1.52 1.97 1.14 \n Incl. 567.30 567.65 0.35 8.91 7.38 \n And 665.65 668.10 2.45 3.73 4.38 2.33 \n Incl. 666.10 666.80 0.70 7.22 14.50 \n 26RDD273 758.82 762.47 3.65 5.53 6.83 4.26 \n Incl. 761.60 762.00 0.40 15.80 21.10 \n And 805.54 807.16 1.62 49.43 61.81 2.98 \n Incl. 806.59 807.16 0.57 135.00 169.00 \n And 1071.00 1080.00 9.00 1.28 0.95 \n And 1095.20 1168.62 73.42 2.24 2.79 1.63 \n Incl. 1102.63 1106.05 3.42 8.73 8.79 \n And Incl. 1117.62 1121.10 3.48 4.14 4.57 \n And Incl. 1153.66 1156.50 2.84 5.75 9.08 \n And 1194.60 1202.90 8.30 1.03 1.26 \n 26RDD275 68.45 69.10 0.65 175.00 243.00 \n And 132.00 132.90 0.90 37.44 34.07 1.11 \n Incl. 132.30 132.90 0.60 55.60 50.50 \n 26RDD276 10.10 12.85 2.75 10.10 12.43 4.62 \n Incl. 11.45 12.10 0.65 27.80 38.51 \n And 279.95 285.00 5.05 3.73 2.69 1.60 \n Incl. 279.95 282.05 2.10 6.71 4.11 \n 26RDD277 10.50 13.00 2.50 10.12 13.93 2.75 \n Incl. 11.00 11.75 0.75 27.33 39.50 \n And 102.00 102.45 0.45 26.10 14.35 \n And 303.75 306.70 2.95 2.62 2.27 0.79 \n Incl. 305.62 306.70 1.08 5.81 4.69 \n And 344.55 345.15 0.60 9.24 9.42 \n And 369.05 370.90 1.85 4.15 5.06 1.11 \n Incl. 369.96 370.50 0.54 11.50 13.95 \n And 402.90 410.88 7.98 0.66 0.67 \n And 426.20 432.50 6.30 1.34 1.70 \n And 438.20 442.35 4.15 1.69 2.19 0.68 \n Incl. 438.80 439.20 0.40 11.15 15.10 \n 26RDD278 216.00 220.00 4.00 1.58 0.84 0.87 \n Incl. 218.40 219.00 0.60 5.58 2.64 \n And 276.00 282.50 6.50 1.57 1.60 1.07 \n Incl. 278.00 278.75 0.75 5.37 4.16 \n And 498.65 501.20 2.55 3.02 2.72 \n And 575.50 579.40 3.90 18.26 23.33 1.42 \n Incl. 577.55 578.45 0.90 74.40 96.00 \n And 624.00 628.85 4.85 2.28 2.18 \n And 871.88 872.82 0.94 6.64 5.31 \n And 1035.00 1046.72 11.72 0.56 0.78 \n And 1100.09 1122.00 21.91 0.76 1.31 \n 26RDD279 64.85 65.30 0.45 19.15 4.00 \n And 375.34 380.30 4.96 3.96 6.66 2.59 \n Incl. 378.40 380.30 1.90 6.17 13.21 \n And 504.75 510.70 5.95 1.21 1.07 \n And 539.76 540.47 0.71 8.41 7.60 \n And 572.45 576.23 3.78 2.90 3.15 1.12 \n Incl. 572.45 573.50 1.05 7.53 7.01 \n And 615.55 623.63 8.08 1.37 1.38 0.70 \n Incl. 622.63 623.63 1.00 6.15 5.52 \n And 816.60 833.50 16.90 0.79 0.77 \n 26RDD281 248.25 264.70 16.45 0.70 0.77 \n And 501.75 503.55 1.80 7.55 10.10 1.34 \n Incl. 502.25 502.70 0.45 26.20 36.20 \n And 616.45 620.20 3.75 6.29 5.85 2.34 \n Incl. 619.80 620.20 0.40 39.40 28.60 \n And 639.45 640.50 1.05 5.00 9.90 1.11 \n Incl. 639.45 640.00 0.55 8.54 17.20 \n And 645.25 649.15 3.90 3.01 2.99 1.21 \n Incl. 648.20 648.75 0.55 14.00 15.15 \n And 652.95 664.65 11.70 2.33 3.41 1.25 \n Incl. 657.70 658.65 0.95 14.65 23.50 \n 26RDD283 315.50 317.10 1.60 5.06 8.30 \n And 333.30 355.02 21.72 0.65 0.57 \n And 474.60 483.65 9.05 0.59 0.74 \n And 1152.66 1163.66 11.00 1.34 1.72 0.92 \n Incl. 1161.25 1163.66 2.41 2.82 3.46 \n And 1314.78 1320.19 5.41 1.29 1.37 \n 26RDD284 295.25 296.15 0.90 32.86 53.15 1.71 \n Incl. 295.25 295.65 0.40 71.80 117.00 \n And 448.40 449.10 0.70 7.22 4.45 \n And 456.30 464.20 7.90 7.08 9.50 1.07 \n Incl. 456.30 457.70 1.40 34.98 48.40 \n And 518.30 525.75 7.45 14.79 16.46 1.23 \n Incl. 521.00 523.30 2.30 45.17 50.75 \n And 801.00 808.90 7.90 1.09 1.57 \n 26RDD285 368.65 377.65 9.00 1.41 1.59 1.05 \n Incl. 372.60 373.05 0.45 8.29 10.85 \n And 678.60 682.14 3.54 2.34 3.63 0.84 \n Incl. 681.64 682.14 0.50 11.50 17.70 \n And 700.05 712.50 12.45 0.76 1.17 \n And 761.45 765.40 3.95 2.28 1.99 1.70 \n Incl. 761.45 762.00 0.55 5.89 2.11 \n And 1040.15 1057.65 17.50 0.80 1.05 \n And 1173.45 1183.95 10.50 1.28 1.67 1.04 \n Incl. 1180.90 1181.75 0.85 3.98 4.37 \n And 1280.55 1284.10 3.55 1.89 2.63 \n 26RDD287 38.65 44.15 5.50 2.37 3.03 1.29 \n Incl. 38.65 39.40 0.75 9.21 16.65 \n And 58.50 58.95 0.45 14.00 12.80 \n And 318.50 320.00 1.50 4.54 2.64 \n And 337.50 348.70 11.20 1.80 1.14 1.40 \n Incl. 340.70 342.30 1.60 4.20 2.39 \n And 394.45 398.25 3.80 1.53 1.74 \n And 491.60 496.45 4.85 17.34 21.12 8.36 \n Incl. 494.53 496.45 1.92 31.04 36.20 \n And 509.00 523.25 14.25 9.72 14.96 2.29 \n Incl. 515.50 517.50 2.00 55.24 84.07 \n 26RDD288 232.45 236.70 4.25 1.18 1.50 0.69 \n Incl. 233.15 233.70 0.55 4.47 4.82 \n And 256.45 268.98 12.53 1.38 1.36 1.00 \n Incl. 268.59 268.98 0.39 13.25 12.30 \n 26RDD289 129.45 131.02 1.57 11.35 8.29 5.90 \n Incl. 130.02 130.35 0.33 31.80 25.40 \n\n \n\n† Assay intervals reported are core lengths, true widths have not been\ndetermined\n‡ Residual Au (g/t) represents the average grade of the drill hole interval\nexcluding the highlighted internal interval\n\nTable 2. Drill collar table of reported drill holes from the 2025 fall and\n2026 winter drill programs\n\n Hole ID Easting (NAD83) Northing (NAD83) Elevation (m) Depth (m) Dip Azimuth \n 25RDD266 519903 5621193 377.8 771.00 -68 158 \n 25RDD267 520051 5620887 379.9 570.00 -61 324 \n 25RDD268 519907 5620941 376.1 582.00 -78 323 \n 25RDD269 519717 5620658 377.5 1283.30 -52 165 \n 25RDD270 519950 5621096 379.7 48.00 -55 161 \n 25RDD270A 519951 5621096 379.5 702.00 -56 161 \n 25RDD271 520051 5620888 379.8 540.00 -50 332 \n 26RDD272 519890 5621195 377.9 801.00 -71 170 \n 26RDD273 519698 5620501 376.5 1260.00 -64 166 \n 26RDD275 519888 5621191 377.4 180.00 -46 350 \n 26RDD276 519950 5620986 378.3 330.00 -54 331 \n 26RDD277 519950 5620986 378.0 469.00 -61 327 \n 26RDD278 519281 5620390 374.5 1206.65 -56 151 \n 26RDD279 519377 5620629 373.9 957.00 -52 147 \n 26RDD281 519496 5620434 377.3 711.00 -57 157 \n 26RDD283 519174 5620456 374.4 1335.00 -61 160 \n 26RDD284 519531 5621046 374.1 876.00 -56 157 \n 26RDD285 519445 5620649 375.0 1335.00 -59 154 \n 26RDD287 519325 5620935 374.4 543.00 -70 155 \n 26RDD288 519145 5620381 374.8 321.00 -48 170 \n 26RDD289 519746 5620982 374.7 159.00 -49 120 \n\n \n\nAbout the Frotet Project\n\nThe Project covers 39,365 hectares of the Frotet-Evans greenstone belt within\nthe Opatica geological sub-province of Quebec. The property is adjacent to the\npast-producing Troilus Mining Corporation's Au-Cu mine (9.32Moz Au indicated\nresource) and covers several major deformation zones associated with known\norogenic gold prospects, as well as stratigraphy hosting VMS deposits\nelsewhere in the belt. Kenorland initially staked the Project in 2017 and then\nentered into a joint venture and earn-in agreement with Sumitomo in 2018.\n\nOn February 19, 2024, Kenorland closed a transaction to exchange its 20%\nparticipating interest in the Frotet Joint Venture with Sumitomo to a 4% NSR\nRoyalty.\n\nThe Project hosts the Regnault gold deposit, a greenfields discovery made by\nKenorland and Sumitomo in 2020 following two years of systematic exploration.\nA maiden inferred mineral resource of 14.5 Mt at 5.47 g/t Au for 2.55 million\nounces (Moz) of gold for the Regnault gold deposit was announced December 16,\n2025. The 2025 mineral resource estimate incorporated 289 drill holes\ntotalling 127,217 m of drilling. To date, 314 drill holes for 143,823 m of\ndrilling has been completed in the deposit area.\n\nThe Project is located 100 kilometres to the north of Chibougamau, Quebec.\nFavorable infrastructure exists in the project area with an extensive forestry\nroad network as well as the Route-du-Nord crossing the southwestern portion of\nthe property. A power transmission line also crosses through the property\nwhich supplied power to the past producing Troilus mine.\n\n(https://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_003full.jpg)\n\nFigure 3. Frotet Project, Quebec: 4% NSR Royalty\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6489/316438_7a337aef947a48ff_003full.jpg\n\n*Technical Report and Mineral Resource Estimate on the Troilus Gold-Copper\nProject, Mineral Resources Effective Date: 02 October 2023\n** Mineral Resource Estimate on Moblan Lithium Project, Mineral Resources\nEffective Date: 21 March 2023\n***The Frotet Royalty is subject to the following buy down rights in favour of\nSumitomo:\nA 0.25% royalty interest may be purchased for a C$3,000,000 cash payment to\nKenorland within five (5) years of the grant of the Frotet Royalty\nA 0.50% royalty interest may be purchased for a C$10,000,000 cash payment to\nKenorland within ten (10) years of the grant of the Frotet Royalty\nIn the event Sumitomo exercises the foregoing buy down rights, the Frotet\nRoyalty would be reduced to an uncapped 3.25% net smelter return royalty on\nall minerals extracted from the Project\n\nQA/QC and Core Sampling Protocols\n\nAll drill core samples were collected under the supervision of Equity\nExploration Consultants employees. Drill core was transported from the drill\nplatform to the logging facility where it was logged, photographed, and split\nby diamond saw prior to being sampled. Samples were then bagged, and blanks\nand certified reference materials were inserted at regular intervals. Groups\nof samples were placed in large bags, sealed with numbered tags in order to\nmaintain a chain-of-custody, and transported from Chibougamau to ALS Canada\nLtd. (\"ALS\") laboratory in Rouyn-Noranda, Quebec.\n\nSample preparation and analytical work for this drill program were carried out\nby ALS. Samples were prepared for analysis according to ALS methods CRU-31 and\nPUL-31: individual samples were crushed to 2mm (10 mesh) and a 250g split was\npulverized to 75μm (200 mesh) for analysis and then assayed for gold. Gold in\nsamples were analyzed using ALS method Au-AA23 where a 30g split is analyzed\nwith fire assay by Pb collection and AAS finish. Over-limits gold samples were\nre-analyzed using ALS method Au-GRA21 where a 30g split is analyzed with fire\nassay by Pb collection and gravimetric finish. Multi-element geochemical\nanalysis (48 elements) was performed on all samples using ALS method ME-MS61\nwhere a 0.25g split is analyzed by multi-acid digest with ICP-MS/ES finish.\nAll results passed the QA/QC screening at the lab, all company inserted\nstandards and blanks returned results that were within acceptable limits.\n\nQualified Person\n\nCédric Mayer, M.Sc., P.Geo. (OGQ #02385), Senior Project Geologist at\nKenorland Minerals Ltd. and a \"Qualified Person\" as defined by National\nInstrument 43-101, has reviewed and approved the scientific and technical\ninformation contained in this news release. Mr. Mayer conducted a site visit,\nreviewed the sampling procedures, analytical methods, and QA/QC results, and\nconsiders the data suitable for the purposes of this disclosure. The\nexploration program, including QA/QC implementation, control sample\nmonitoring, and laboratory re-assay decisions where required, was managed by\nEquity Exploration Consultants Ltd. in accordance with industry best\npractices.\n\nAbout Kenorland Minerals\n\nKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration\ncompany focused on project generation and early-stage exploration in North\nAmerica. Kenorland's exploration strategy is to advance greenfields projects\nthrough systematic, property-wide, phased exploration surveys financed\nprimarily through exploration partnerships including option to joint venture\nagreements. Kenorland holds a 4% net smelter return royalty on the Frotet\nProject in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The\nFrotet Project hosts the Regnault gold system, a greenfields discovery made by\nKenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an\nInferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold.\nKenorland is based in Vancouver, British Columbia, Canada.\n\nFurther information can be found on the Company's website\nwww.kenorlandminerals.com\n\nOn behalf of the Board of Directors,\n\nZach Flood\nPresident, CEO & Director\nTel +1 604 568 6005\ninfo@kenorlandminerals.com\n\nCautionary Statement Regarding Forward Looking Statements\n\nThis news release contains forward-looking statements and forward-looking\ninformation (together, \"forward-looking statements\") within the meaning of\napplicable securities laws. All statements, other than statements of\nhistorical facts, are forward-looking statements. Generally, forward-looking\nstatements can be identified by the use of terminology such as \"plans\",\n\"expects\", \"estimates\", \"intends\", \"anticipates\", \"believes\" or variations of\nsuch words, or statements that certain actions, events or results \"may\",\n\"could\", \"would\", \"might\", \"will be taken\", \"occur\" or \"be achieved\". Forward\nlooking statements involve risks, uncertainties and other factors disclosed\nunder the heading \"Risk Factors\" and elsewhere in the Company's filings with\nCanadian securities regulators, that could cause actual results, performance,\nprospects and opportunities to differ materially from those expressed or\nimplied by such forward-looking statements. Although the Company believes that\nthe assumptions and factors used in preparing these forward-looking statements\nare reasonable based upon the information currently available to management as\nof the date hereof, actual results and developments may differ materially from\nthose contemplated by these statements. Readers are therefore cautioned not to\nplace undue reliance on these statements, which only apply as of the date of\nthis news release, and no assurance can be given that such events will occur\nin the disclosed times frames or at all. Except where required by applicable\nlaw, the Company disclaims any intention or obligation to update or revise any\nforward-looking statement, whether as a result of new information, future\nevents or otherwise.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/316438"},"type":"article","timestamp":"2026-09-29T11:30:19.938768069Z","server_sent_at_ms":1790681419938},"received_at":"2026-09-29T11:30:20.098Z","source_url":"https://www.newsfilecorp.com/release/316438"},"analysis":{"id":"143902","press_release_id":"155163","analysis_json":{"industry":{"label":"Gold","sector":"Materials"},"redFlags":["Intervals are core lengths; true widths not determined","Sumitomo holds royalty buy-down rights that could reduce Kenorland's royalty to 3.25%","R10/R11 trends excluded from MRE due to insufficient drill spacing"],"eventType":"operations_update","narrative":"Kenorland reported assays from 20 drill holes (14,980 m) at the Frotet Project in Quebec, including step-out intercepts such as 2.35m at 71.89 g/t Au and 73.42m at 2.24 g/t Au along the R11 trend at Regnault.\n\nThese are the first holes drilled since the December 2025 maiden Inferred Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz; four high-grade step-outs sit outside the current MRE, suggesting room for resource expansion.\n\nKenorland holds a 4% NSR royalty on the project, which is 100% owned and operated by Sumitomo Metal Mining Canada, so the results enhance royalty value without exploration spending by Kenorland.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"High-grade step-outs outside the maiden MRE point to resource growth at Regnault -- a direct value driver for Kenorland's 4% NSR royalty."},"keyFigures":{"customDimensions":{"drill_holes":20,"best_interval":"2.35m at 71.89 g/t Au (25RDD269, incl. 0.65m at 252.00 g/t Au)","drilling_metres":14980,"royalty_interest":"4% NSR on Frotet Project","maiden_mre_grade_gpt":5.47,"maiden_mre_ounces_moz":2.55,"maiden_mre_tonnage_mt":14.5}},"quotedText":"Step-out drilling continued to return significant high-grade mineralisation. Six drill intercepts returned results of greater than 100 grade x width (g/t Au * m), of which four intercepts were step-out drill holes outside of the current MRE","namedEntities":{"people":[{"name":"Zach Flood","role":"President, CEO & Director"},{"name":"Cédric Mayer","role":"Senior Project Geologist / Qualified Person"}],"products":["Regnault gold deposit","Frotet Project","Frotet Royalty (4% NSR)"],"companies":[{"name":"Kenorland Minerals Ltd.","ticker":"KLD","relationship":"filer / royalty holder"},{"name":"Sumitomo Metal Mining Canada Ltd.","relationship":"project owner and operator (100%)"},{"name":"Equity Exploration Consultants Ltd.","relationship":"exploration program manager"},{"name":"ALS Canada Ltd.","relationship":"assay laboratory"}],"dollarAmounts":[{"amount":"C$3,000,000","context":"Sumitomo buy-down price for 0.25% of the Frotet Royalty"},{"amount":"C$10,000,000","context":"Sumitomo buy-down price for 0.50% of the Frotet Royalty"}]},"materialImpact":{"score":3,"reasoning":"High-grade step-out and infill drill results at Regnault support potential MRE growth and validate the 4% NSR royalty asset, but no resource update or economic disclosure accompanies the release."},"tickerRelevance":{"others":[],"primary":"KLD"},"globalImportance":30,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap exploration","eventGravity":"exploration-drill-results","royaltyModelBoost":"results flow to royalty value without cost to filer"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Kenorland reported assays from 20 drill holes (14,980 m) at the Frotet Project in Quebec, including step-out intercepts such as 2.35m at 71.89 g/t Au and 73.42m at 2.24 g/t Au along the R11 trend at Regnault.\n\nThese are the first holes drilled since the December 2025 maiden Inferred Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz; four high-grade step-outs sit outside the current MRE, suggesting room for resource expansion.\n\nKenorland holds a 4% NSR royalty on the project, which is 100% owned and operated by Sumitomo Metal Mining Canada, so the results enhance royalty value without exploration spending by Kenorland.","key_figures":{"customDimensions":{"drill_holes":20,"best_interval":"2.35m at 71.89 g/t Au (25RDD269, incl. 0.65m at 252.00 g/t Au)","drilling_metres":14980,"royalty_interest":"4% NSR on Frotet Project","maiden_mre_grade_gpt":5.47,"maiden_mre_ounces_moz":2.55,"maiden_mre_tonnage_mt":14.5}},"named_entities":{"people":[{"name":"Zach Flood","role":"President, CEO & Director"},{"name":"Cédric Mayer","role":"Senior Project Geologist / Qualified Person"}],"products":["Regnault gold deposit","Frotet Project","Frotet Royalty (4% NSR)"],"companies":[{"name":"Kenorland Minerals Ltd.","ticker":"KLD","relationship":"filer / royalty holder"},{"name":"Sumitomo Metal Mining Canada Ltd.","relationship":"project owner and operator (100%)"},{"name":"Equity Exploration Consultants Ltd.","relationship":"exploration program manager"},{"name":"ALS Canada Ltd.","relationship":"assay laboratory"}],"dollarAmounts":[{"amount":"C$3,000,000","context":"Sumitomo buy-down price for 0.25% of the Frotet Royalty"},{"amount":"C$10,000,000","context":"Sumitomo buy-down price for 0.50% of the Frotet Royalty"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T11:30:27.630Z","global_importance":30,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap exploration","eventGravity":"exploration-drill-results","royaltyModelBoost":"results flow to royalty value without cost to filer"}},"durationMs":7616,"modelName":"glm-5.3-flashx"}}