Kenadyr Metals Signs Definitive Agreement To Acquire North American Copper Project

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - June 21, 2025) - Kenadyr Metals Corp. (TSXV: KEN.H) (OTC: KNDYF) (FSE: KM0) (the " Corporation " or " Kenadyr ") announces it has entered into a definitive share purchase agreement dated June 13, 2025 with Infinitum Copper Corp. ("Infinitum"), an arm's length party to Kenadyr, to acquire 100% of Exploraciones Margarita S.A. de C.V., a private Mexican company that holds an 80% interest in the Cerro Grande copper-gold-silver skarn discovery, located in Sonora, Mexico.

• Acquisition supports Kenadyr's plan to build a North America-focused copper company advancing high-grade assets.
• Kenadyr to acquire 100% of Exploraciones Margarita S.A. de C.V., which holds an 80% interest in the Cerro Grande discovery and surrounding claims, known as "the Adelita Project," in Sonora, Mexico.
• Cerro Grande is a Cu-Au-Ag skarn system, with over US$8 million in historical exploration, including 7,000+ metres of drilling.

Timothy McCutcheon, CEO of Kenadyr Metals, commented: "We believe the Adelita Project offers a compelling copper development and exploration opportunity, anchored by the Cerro Grande discovery and a large land position in a globally significant copper-producing region. We look forward to working with local partners in Mexico and evaluating this opportunity further."

This acquisition marks a significant step in Kenadyr's strategy to assemble a portfolio of high-grade copper assets in North America, positioned to support the global energy transition and benefit from strong regional infrastructure, skilled workforce, and established permitting pathways.

Transaction Terms

Under the terms of the agreement, Kenadyr will acquire 100% of the shares of Exploraciones Margarita S.A. de C.V. from Infinitum, on an "as is, where is" basis, in exchange for:

• CAD $100,000 in cash (inclusive of a previously paid $25,000 deposit), and
• 1,842,719 Kenadyr common shares ("Common Shares"), which are subject to voluntary resale restrictions with releases occurring over a period of 18-months, at a deemed issue price of $0.32 per Common Share.

Total value of the consideration payable to Infinitum at closing would be $689,670 in cash and Common Shares.

As part of the transaction, for a period of 12 months following the Closing Date, upon Kenadyr closing any equity financing up to and totaling $3.5 million, Kenadyr will issue to Infinitum as a post-closing payment, and for no additional consideration, such number of Common Shares that will result in Infinitum continuing to hold 9.0% of the Common Shares, up to a maximum of 2,588,000 additional Common Shares. In the event that Kenadyr raises $3.5 million in the next 12 months, the maximum consideration payable as a post-closing payment will be approximately $350,000.

The transaction is subject to customary conditions, including approval by the NEX Board of the TSX Venture Exchange ("NEX") for Kenadyr and approval of the TSX Venture Exchange. The transaction will be a fundamental acquisition for Kenadyr, but Kenadyr will not be applying to reactivate from NEX to the TSX Venture Exchange at this time. Trading in Kenadyr's common shares will remain halted pending receipt and review of acceptable documentation pursuant to Section 5.6(d) of TSX Venture Exchange Policy 5.3.

MENAFN21062025004218003983ID1109704974