"dtc"

Kenorland Minerals Obtains DTC Eligibility in the US

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) (" Kenorland " or " the Company ") today announced that its common shares received approval from The Depository Trust Company (" DTC ") of New York, NY and are now DTC eligible.

DTC eligibility allows the Company's shares to be more easily and economically transferred between brokerage accounts electronically within the United States . DTC is the largest securities depository in the world, providing clearing and settlement efficiencies for brokers, as well as various other services.

With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds. This also opens the door to new investors that may have been previously restricted from the Company's common shares and simplifies the process of trading the common shares in the United States .

About Depository Trust Company (DTC)

Depository Trust Company (DTC) was founded in 1973 and is a New York corporation that performs the functions of a Central Securities Depository as part of the US National Market System. DTC manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible." DTC annually settles transactions worth hundreds of trillions of dollars, processes hundreds of millions of book-entry deliveries, and custodies millions of securities issues worth tens of trillions of dollars issued in the United States and over 100 other countries. Since 1999 it has been a subsidiary of the Depository Trust & Clearing Corporation, a securities holding company.

About Kenorland Minerals

Kenorland Minerals Ltd. (TSX.V KLD) is a mineral exploration Company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia , Canada. Kenorland's focus is early to advanced stage exploration in North America.  The Company currently holds three projects in Quebec where work is being completed under joint venture and earn-in agreement from third parties. The Frotet Project is held under joint venture with Sumitomo Metal Mining Canada Ltd. (SMMCL), the Chicobi Project is optioned to SMMCL, and the Chebistuan Project is optioned to Newmont Corporation. The Company also owns 100% of the advanced stage Tanacross porphyry Cu-Au project as well as an option to earn up to 70% from Newmont Corporation on the Healy Project, both located in Alaska, USA .

Further information can be found on the Company's website www.kenorlandminerals.com

Kenorland Minerals Ltd.
Zach Flood
President and CEO
Tel: +1 604 363 1779
zach@kenorlandminerals.com

Kenorland Minerals Ltd.
Francis MacDonald
Executive Vice President
Tel: +1 778 322 8705
francis@kenorlandminerals.com

Cautionary Statement Regarding Forward Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Kenorland Minerals Ltd.

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Kenorland Minerals

Kenorland Minerals


Overview

Many exploration companies focus on making discoveries by acquiring and drilling properties where historical mines had previously operated, or where other occurrences have been known about. However, one company suggests that a significant opportunity exists to make completely new greenfields discoveries through large-scale systematic exploration in otherwise under-explored regions of world-class mining districts.

Kenorland Minerals Ltd. (TSXV:KLD,OTCQX: NWRCF,FSE: 3WQ0) is a Canada-based mineral exploration company that is focused on making new discoveries through large-scale early-stage exploration within Quebec and Alaska, two of the world's most geologically prospective mining jurisdictions. The company is led by an experienced team of geoscientists with a deep understanding of mineral systems and exploration methodology. Kenorland's approach to exploration is simple: Identify under-explored areas within proven mineral districts, acquire large land positions covering prospective geology, and carry out large-scale, systematic exploration to screen these areas for new mineral deposits. The approach is not novel but the scale at which the company is exploring sets them apart from their peers. The company currently holds and is exploring over 400,000 hectares of ground in these world renowned jurisdictions.

Kenorland Minerals' Company Highlights

  • Well-funded with over $9,500,000 cash in the treasury.
  • Tight share structure with large insider ownership and strong long term shareholders including Quebec-based institutional funds and well-known financiers including John Tognetti and Paul Stephens.
  • Exposure to a vast portfolio of exploration ground with over 400,000 hectares of mineral tenure within Alaska, Quebec and Manitoba.
  • Earn-in agreements with Sumitomo Metal Mining and Newmont Corporation funding exploration on greenfields projects in Quebec.
  • The company recently made a major gold discovery in Quebec in an area with no known previous exploration. Initial scout drilling in early 2020 intersected 29.08 meters at 8.47 g/t gold and 11.13 meters at 18.43 g/t gold. Drilling continuing in Q1 2021.
  • Significant discovery potential on the Healy property which covers a newly recognized large-scale gold system in the Goodpaster district of Alaska. Initial diamond drill testing in Summer 2021.
  • Further significant discovery potential on Kenorland's 100 percent owned Tanacross Project, located in eastern Alaska, which covers a significant cluster of porphyry copper-gold systems. Drilling planned for Summer 2021.
  • A total of three projects being drill tested in 2021 as well as a pipeline of additional projects being advanced through systematic exploration. Continual project generation and evaluation of new opportunities.
  • Kenorland acquired district-scale land package in Ontario's Birch-Uchi Greenstone Belt by staking, 65,657 hectares of mineral claims.
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