Makenita Resources acquires 45,967-acre Cobequid-Chedabucto Hydrogen Project in Nova Scotia

Makenita enters into an option agreement to acquire the district-sized, 45,967-acre Cobequid-Chedabucto Hydrogen Project in Nova Scotia

Project consists of 1,149 claim units directly bordering Koloma and QIMC, both active players in the region's hydrogen exploration

Adds to Makenita's growing multi-commodity portfolio, including the 102,110-acre Serpentinization Iron-Magnetite Project in Saskatchewan, bordering Max Power Mining Corp., and the 22,665-acre Sisson West Tungsten Project in New Brunswick, bordering Northcliff Resources Ltd.

Tight share structure and steady news flow position the Company for an active remainder of 2026

Vancouver, British Columbia--(Newsfile Corp. - September 21, 2026) - Makenita Resources Inc. (CSE: KENY) (OTCID: KENYF) (WKN: A40X6P) wishes to announce that it has entered into an option agreement (the "Option Agreement") with an arm's length vendor to acquire the district sized 45,967 acre "Cobequid-Chedabucto Hydrogen Project" in Nova Scotia. The project consists of 1,149 claim units for 45,967 acres prospective for hydrogen. Management cautions that past results or discoveries on properties near Makenita's may not necessarily indicate mineralization on the Company's property.

Jason Gigliotti, President of Makenita Resources Inc., stated, "This is a tremendous opportunity to acquire a district size project prospective for hydrogen. Nova Scotia has emerged as one of the hotbeds for hydrogen exploration recently, attracting such large players as Koloma, whom this new project directly borders, and Rio Tinto. QIMC, which also directly borders this new project, has had positive results for hydrogen this year 1 . When you couple this district sized hydrogen project with Makenita's 102,110-contiguous-acre 'Serpentinization Iron-Magnetite Project' in Saskatchewan bordering Max Power Mining Corp. and our newly expanded 22,665 contiguous acres, directly bordering Northcliff Resources Ltd.'s (NCF) Sisson Tungsten Mine, it is clear we are building our asset base and plan to be extremely active in the near and medium term. When you factor in our tight share structure with a steady news flow, management is very optimistic about the remainder of 2026."

Pursuant to the terms of the Option Agreement and in consideration for the interest, the parties have agreed to the following:

(i) to pay $11,490, issue 3,000,000 common shares in the capital of the Company, and issue 2,250,000 transferable share purchase warrants exercisable at a price of $0.30 per share for a period of three years from the issuance date to the vendor, within seven (7) business days on signing the Option Agreement;

(ii) to issue 500,000 common shares in the capital of the Company and issue 375,000 transferable share purchase warrants exercisable at a price of $0.30 per share for a period of three years from the issuance date to the vendor within four (4) months on signing the Option Agreement; and

(iii) to issue 500,000 common shares in the capital of the Company and issue 375,000 transferable share purchase warrants exercisable at a price of $0.30 per share for a period of three years from the issuance date to the vendor within eight (8) months on signing the Option Agreement.