Kenorland Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra

Core Viewpoint - Kenorland Minerals Ltd. announces the exercise of 'top-up rights' by Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc. to maintain their respective ownership interests in the company through the issuance of common shares [1][2]. Group 1: Share Issuance Details - A total of 51,805 common shares will be issued at a price of $2.028 per share, amounting to an aggregate consideration of $105,060.54, pending approval from the TSX Venture Exchange [2]. - Sumitomo will receive 26,162 common shares to retain a 10.1% interest, while Centerra will receive 25,643 common shares to maintain a 9.9% interest in Kenorland [2]. Group 2: Company Overview - Kenorland Minerals Ltd. is a mineral exploration company focused on project generation and early-stage exploration in North America, primarily financed through exploration partnerships [3]. - The company holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. [3].