Kenorland Minerals Reports Maiden Inferred Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Million Ounces at the Frotet Project, Quebec, Where It Holds a 4% NSR Royalty

Core Viewpoint - Kenorland Minerals Ltd. has announced a maiden Inferred Mineral Resource of 14.5 million tonnes (Mt) at an average grade of 5.47 grams per tonne (g/t), equating to 2.55 million ounces (Moz) of gold for the Regnault gold deposit at the Frotet Project in northern Quebec, highlighting the project's significant potential and the value of Kenorland's 4% NSR royalty [1][2][17]. Summary by Sections Mineral Resource Estimate - The maiden Mineral Resource Estimate (MRE) includes data from 289 diamond drill holes totaling 127,217 meters, with 92 high-grade veins defined at a 2.50 g/t Au cut-off and a broader low-grade envelope encompassing 91 veins at a 0.30 g/t Au cut-off [3][4]. - Inferred Mineral Resources are classified based on a minimum of three drill holes with a nominal spacing of up to approximately 80 meters, with certain areas excluded due to not meeting the spacing criteria [4][10]. Exploration and Growth Potential - The resource remains open in multiple directions, indicating substantial upside potential for further resource expansion, with high-grade mineralization extending beyond the current Inferred Mineral Resource Estimate [9][11]. - Notable high-grade mineralization examples include intersections such as 3.00 meters at 10.09 g/t Au and 6.70 meters at 30.41 g/t Au, which are outside the current resource footprint [22]. Project Overview - The Frotet Project covers 38,930 hectares within the Frotet-Evans greenstone belt and is adjacent to the past-producing Troilus Gold Corporation's mine, which had an indicated mineral resource of 9.32 Moz Au [16][19]. - Kenorland initially staked the project in 2017 and entered into a joint venture with Sumitomo in 2018, leading to the discovery of the Regnault gold deposit in 2020 [17][26]. Royalty Structure - Kenorland holds a 4% NSR royalty on the Frotet Project, which is now backed by a formal high-grade multi-million ounce gold resource, enhancing its value in the junior sector [2][18].