Kenadyr Metals Corp. (TSX-V: KEN.H) (OTC: KNDYF) is pleased to announce the closing of the first tranche of a non-brokered private placement of 6,034,036 subscription receipts of Kenadyr at a price of $0.375 per Subscription Receipt for aggregate gross proceeds of $2,262,763.50. The Offering was announced on August 18, 2025 in connection with Kenadyr’s proposed reactivation on the TSX Venture Exchange and acquisition of the Adelita Project.

Each Subscription Receipt will convert into one common share in the capital of Kenadyr subject to the satisfaction of certain escrow release conditions, including the completion of the Proposed Transaction and approval of the TSXV. The proceeds of the Offering will be held in escrow pending satisfaction of the escrow release conditions. When released from escrow, proceeds from the Offering will be used to fund payment obligations and exploration expenditures relating to the Adelita Project, and for general working capital purposes.

In connection with the first tranche closing, Kenadyr paid cash finder’s fees of $102,865.09 and issued 274,307 finder’s warrants to certain eligible finders. Each Finder’s Warrant is exercisable to acquire an additional Common Share at an exercise price of $0.375 for a term ending 24 months after issuance.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Offering remains subject to the approval of the TSXV. Further information regarding the Proposed Transaction can be found in the Company’s news release filed on August 18, 2025.

About Kenadyr Metals Corp.

Kenadyr Metals Corp., to be renamed Algo Grande Copper Corp., is advancing a high-grade copper exploration strategy in the Sonora-Arizona Copper Belt, one of the world’s most productive copper regions, comparable in scale to Chile’s Andean Belt.

The company has entered into agreements to acquire the Adelita Project, which is anchored by the Cerro Grande skarn, a high-grade, near-surface Cu-Au-Ag system in Sonora, Mexico. With over 7,000 metres of historical drilling, extensive geophysical data (VTEM, IP, magnetics), and multiple untested targets, the project offers district-scale upside. Legacy datasets are being reprocessed using AI-assisted 3D geophysical modeling to refine drill targets and guide potential resource delineation.