Kenorland Minerals Provides Update on Upcoming Maiden Mineral Resource Estimate at the Frotet Project, Quebec

Core Viewpoint - Kenorland Minerals Ltd. is nearing the completion of its maiden Mineral Resource Estimate for the Regnault gold deposit within the Frotet Project in Quebec, which is expected to provide a significant valuation for the company's 4% NSR royalty on the project [1][3]. Group 1: Mineral Resource Estimate Details - The upcoming Mineral Resource Estimate will include data from 127,217 metres of drilling across 265 drill holes, marking the first formal quantification of high-grade gold mineralization discovered in 2020 [2]. - The MRE is being prepared by SLR Consulting (Canada) Ltd. and will comply with CIM Definition Standards as required under NI 43-101 [2]. Group 2: Project Overview - The Frotet Project spans 39,365 hectares in the Frotet-Evans greenstone belt and is adjacent to the Troilus Gold Corporation's past-producing Au-Cu mine, which has an indicated resource of 9.32 million ounces of gold [4]. - The Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo in 2020, has undergone extensive exploration totaling 131,713 metres of drilling across 271 drill holes [5]. Group 3: Company Strategy and Position - Kenorland Minerals is focused on project generation and early-stage exploration in North America, utilizing systematic exploration strategies financed through partnerships [9]. - The company holds a 4% net smelter return royalty on the Frotet Project, which is operated by Sumitomo Metal Mining Canada Ltd. [9].