Keweenaw Land Association, Limited ("KEWL") shareholders Ron Gutstein & Scott Frisoli announced today that they are offering to host a virtual town hall meeting with Keweenaw management. The meeting would be an open forum where all shareholders could discuss current issues with the company and our slate prior to the June 23 annual meeting.

Mr. Gutstein stated, "We would like to change the tone of the current proxy contest. Our fellow shareholders deserve an open discussion of the issues facing our company, not useless distorted attacks. We would like management to give us several possible dates for this meeting so that we can accommodate as many people as possible."

Messrs. Gutstein and Frisoli have offered to bear the expense of the virtual meeting and look forward to a productive dialogue.

If you have questions or need assistance in voting your shares, please call:

THE ALTMAN GROUP, INC.

1200 WALL STREET WEST, THIRD FLOOR

LYNDHURST, NJ 07071

TOLL FREE: (866) 745-0270

BANKS AND BROKERAGE FIRMS PLEASE CALL: (201) 806-7300

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