Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-in

Core Insights - Kenorland Minerals and Auranova Resources have reported significant assay results from the 2025 Winter drill program at the South Uchi Project in Ontario, confirming a new gold system with widespread mineralization [1][4] - Auranova has completed the initial earn-in under the South Uchi option agreement, acquiring a 51% ownership interest in the Project [1][14] Drill Results - A total of 27 diamond drill holes were completed, totaling 14,365 meters, with 25 of 27 holes (93%) intersecting gold intervals of at least 0.1 g/t Au [4][7] - 15 of 27 holes (56%) intersected intervals of at least 1.00 g/t Au, and 6 of 27 holes (22%) intersected intervals of at least 5.00 g/t Au, with the highest grade intercept recorded at 14.60 g/t Au over 1.00 meter [4][10] - The mineralized corridor remains open in all directions, indicating potential for further exploration [4][10] Project Background - The South Uchi Project was identified by Kenorland based on its prospectivity for significant gold mineralized systems, covering a portion of the Confederation Assemblage volcanic rocks [19] - Prior to Kenorland's exploration, the area had little to no systematic exploration or documented gold occurrences [7][19] Future Plans - A Phase 2 drill program is scheduled for late summer 2025, aiming to expand on the newly discovered gold-bearing structural corridor identified in the initial drill program [13][10] - The follow-up drilling will focus on areas around drill hole 25PADD023 and the east-west trending deformation zone between drill holes 25PADD016 and 25PADD023 [13][10] Financial Aspects - As part of the earn-in agreement, Kenorland has received $500,000 in cash and 9,242,267 common shares of Auranova [14][21] - Auranova may earn an additional 19% interest, totaling 70%, by incurring an additional $10,000,000 in qualifying expenditures [21]