Kenadyr Mining Drilling Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2017) -

Hole EZ- 10-17 intersects 29 meters at 5.35 g/t Au (1 g/t Au cutoff) from 162m to 191m depth, including 22 meters at 6.62 g/t Au (2 g/t Au cutoff) from 162m to 184m depth, at the East Zone; East Zone interpreted as New Discovery

Kenadyr Mining (Holdings) Corp. (TSX VENTURE:KEN)(OTCQB:KNDYF)(FRANKFURT:KM0) (the "Corporation" or "Kenadyr") is pleased to announce that hole EZ-10-17, collared at the East Zone on Kenadyr's 100% owned Borubai License, Kyrgyz Republic, has intersected 29 meters at 5.35 g/t Au, from a downhole depth of 162 m to 191m. The intersection is approximately 25 meters west of a section previously detailed in Kenadyr's last press release which included hole EZ-1-17 (50 meters at 8.15 g/t Au).

The East Zone, as is the case with the previously drilled South Zone (40m @ 6.17 g/t Au in drill hole SZ-1-17), is directly adjacent to the Taldy Bulak Levoberejnyi (TBL) Mine, operated by Zijin Mining Group Co Ltd. ("Zijin") and currently in production.

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Kenadyr's initial drilling program, designed to intersect the various areas surrounding the TBL Mining Lease, which were previously drilled by the Soviet's between 1970 and 1990, has been successful in demonstrating that significant mineralization continues both to the east and south of the Zijin-KyrgyzAltyn Mining Lease in close proximity to the TBL Mine, and this drilling confirms the presence of widespread gold mineralization reported historically by the Soviets.

The East Zone is open in two directions and to depth. Detailed review of the mine sections, in relation to current drilling suggests that the main body of mineralization encountered in drill holes EZ-1-17 to EZ-10-17 is a separate en-echelon zone from the two main zones comprising the TBL Orebody, and can be considered a new discovery of significant gold mineralization. Core recovery for drill hole EZ-10-17 is > 99% and all intervals have been assayed using fire assay methods at an internationally accredited laboratory (ALS Global).