Kenorland Minerals Ltd. announced the commencement of the First Quarter 2022 winter exploration program at the Regnault gold discovery within the Frotet Project ("the Project"), located in northern Quebec and held under joint venture ("the Joint Venture") with Sumitomo Metal Mining Canada Ltd. ("SMMCL"). The First Quarter 2022 program will include up to 10,000 meters of diamond drilling at the Regnault gold discovery. This program follows the recently completed 17,792 meter drill program, of which 9,824m have been reported, including a highlight of 15.40m at 17.96 g/t Au.

The company expects assays for the remaining 7,968m to be announced in the coming weeks. Approximately 60% of the proposed drilling will be allocated to step-outs along the R1 structure, targeting down plunge extensions of higher-grade mineralisation along the vein corridor. Twelve drill holes are planned to significantly expand the R1 vein system at depth to approximately 500m below surface beyond the current known extent of approximately 275m vertical depth.

Along the R2 Trend, up to 25% of the proposed program will be allocated towards broad-spaced infill drilling to determine the structural framework linking R2 West and R2 East. The remaining 15% of the proposed drill program is designed to expand on known mineralisation and test additional gold-bearing structures north of the R1 corridor. To date a total of 34,206 meters have been drilled at Regnault including the initial discovery drill program in early 2020.

The program will conclude the fiscal 2021 budget approved by the Joint Venture in May 2021. The upcoming fiscal 2022 budget is expected to be announced later in the first quarter. Exploration at the Frotet Project is co-funded with Joint Venture partner, Sumitomo Metal Mining Canada Ltd. and Kenorland Minerals is currently the operator of the Joint Venture.

The Frotet Project was first identified by Kenorland in 2017 after completing a regional prospectivity study over the Abitibi and Frotet-Evans Greenstone Belts of Quebec. The initial 55,921 ha property was acquired through map staking in March, 2017 and optioned to Sumitomo Metal Mining Canada Ltd. ("SMMCL"), a wholly owned subsidiary of Sumitomo Metal Mining Co. Ltd. in April, 2018.

Two years of property-wide systematic till sampling led to a maiden drill program in 2020 which resulted in a significant grassroots discovery at the prospect now named Regnault. The project is currently under Joint Venture agreement between SMMCL and Kenorland Minerals Ltd., with interests being held at 80% and 20% respectively. Under the Joint Venture, exploration is funded pro-rata and Kenorland is presently the operator of the project.

Any party which does not contribute and is diluted below a 10% interest, converts its interest to an 2% uncapped net smelter royalty.