Kenadyr Provides Operational Update on the Adelita Copper-Gold-Silver Project and Status Update of Reactivation Transaction

Core Viewpoint - Kenadyr Metals Corp. is advancing its Adelita Copper-Gold-Silver Project and is in the final stages of a transaction to consolidate 100% ownership of the asset under its Mexican subsidiary, Exploraciones Margarita S.A. de C.V. [2][12] Operational Update - The Adelita Project is fully permitted for exploration, with field activities scheduled to commence in November 2025 [5][9] - The Phase 1 exploration program will include a drill program, detailed magnetic and geochemical surveys, and mapping at various targets [10][6] Transaction Status - Definitive agreements have been signed with Infinitum Copper (80% interest) and Minaurum Gold (20% interest), with shareholder approval obtained for the sale of the principal asset [6][13] - The transaction is awaiting final approval from the TSX Venture Exchange (TSXV) [15][14] Financing and Corporate Development - The company is fully financed to execute the first phase of exploration at Adelita, with funds in place and seller approvals complete [3][6] - An upsized reactivation financing is expected to close in the coming weeks, coinciding with the completion of the TSXV review process [14][6] Community Engagement and Permits - The company has obtained a social license for the Cerro Grande Skarn Zone and received approval for an Environmental Impact Assessment [7][8] - An underground mining permit has been issued for the high-grade Cerro Grande Skarn Discovery Zone, providing long-term flexibility for project development [8][7]