Kenadyr Announces Closing of Sale of Subsidiary

VANCOUVER, BC – January 2, 2024 - Kenadyr Metals Corp. (TSX-V: KEN; OTC-MKTS: KNDYF; FRA: KM0) (the “Company” or “Kenadyr”) is pleased to announce that it has completed the sale of its wholly-owned subsidiary, Kenadyr Mining Corporation, the indirect owner of the Borubai Property located in the Kyrgyz Republic. As described in more detail in the Company’s news releases dated October 19, 2023 and December 7, 2023, and in the Company’s information circular dated November 2, 2023, in consideration for all of the shares of Kenadyr Mining Corporation the Company received cash consideration of US$0.98 million (reflecting the US$1.0 million purchase price, after working capital adjustments).

ON BEHALF OF KENADYR METALS CORP.

“Tim McCutcheon”

Tim McCutcheon Chief Executive Officer and Director

For more information, please contact:

Tim McCutcheon or Kevin Ma

E-mail: [email protected] Phone: +1-604-569-2963 Ext 105

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.

Cautionary Statement on Forward-Looking Information

This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.

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