Makenita Resources Inc. to Acquire the District Sized 45,967 Acre "Cobequid-Chedabucto Hydrogen Project" in Nova Scotia via Option Agreement

• 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.

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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 year¹. 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.

(iv) Makenita must complete a minimum of $150,000 in work expenditures within the first year on signing the Option Agreement.

The Option Agreement is subject to all regulatory approvals. All shares and warrants issued will have a standard hold period of four months plus one day.

About Makenita Resources Inc.

Makenita currently has several district-sized land projects located in Canada, including the newly acquired 45,967 acre "Cobequid-Chedabucto Hydrogen Project" in Nova Scotia, directly bordering Koloma and Quebec Innovative Materials Corp. (QIMC), as well as the 102,110-contiguous-acre 'Serpentinization Iron-Magnetite Project' in Saskatchewan bordering Max Power Mining Corp. (MAXX). Makenita also has the 22,665-contiguous-acre 'Sisson West Tungsten Project', prospective for Tungsten in New Brunswick directly bordering Northcliff Resources Ltd.'s (NCF) Sisson Tungsten Mine. The Company also holds the ~9,000-acre 'NTX Rare Earth Project' in Quebec, prospective for rare earths, and the 5,542-acre 'Hector Project' in the vicinity of Cobalt, Ontario, prospective for cobalt, silver and diamonds. Management cautions that past results or discoveries on properties in proximity to Makenita may not necessarily be indicative of the presence of mineralization on the Company's properties.

¹ https://qimaterials.com/qimc-reports-record-clean-natural-hydrogen-at-bennett-hill-nova-scotia/