KARNALYTE RESOURCES INC. ANNOUNCES ANNUAL MEETING VOTING RESULTS

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SASKATOON, SK, June 26, 2024 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Company") (TSX: KRN) announced today that all nominee directors listed in the management information circular dated May 16, 2024, were elected as directors of the Company at the annual meeting of the Company's shareholders held on June 25, 2024 (the "Meeting") in Saskatoon, Saskatchewan.

At the meeting, 27,419,071 shares were voted, representing 51.46% of the Company's issued and outstanding common shares. The voting results for all matters brought forth at the Meeting are set out below.

Election of Directors

NOMINEES	NUMBER OF SHARES VOTED IN FAVOR	% IN FAVOR	NUMBER OF SHARES WITHHELD	% WITHHELD
D.C. Anjaria	25,892,966	95.04	1,350,341	4.96
Derek Hoffman	26,619,267	97.71	624,040	2.29
Ritu Malhotra	26,233,274	96.29	1,010,033	3.71
Dilip V. Pathakjee	26,010,618	95.48	1,232,689	4.52
Sanjeev Varma	26,012,277	95.48	1,231,030	4.52

Appointment of Auditors

	NUMBER OF SHARES VOTED IN FAVOR	% IN FAVOR	NUMBER OF SHARES WITHHELD	% WITHHELD
KPMG	26,256,069	97.80	590,369	2.20

About Karnalyte Resources Inc.

Karnalyte Resources Inc. is a development stage company focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. Karnalyte owns the construction ready Wynyard Potash Project, with planned phase 1 production of 625,000 tonnes per year ("TPY") of high grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. Karnalyte is also exploring the development of the Proteos Nitrogen Project, which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day ("MTPD") of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.

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SOURCE Karnalyte Resources Inc.

For further information, please contact: Karnalyte Resources Inc., 1(639) 398-6478, [email protected], www.karnalyte.com