Mr. Joel Ferari reports

BRASNOVA ENERGY MATERIALS INC. FIELD ACTIVITIES INITIATED AT CAPELA GOLD PROJECT, BAHIA, BRAZIL

Brasnova Energy Materials Inc.'s field activities officially commenced on April 28, 2026, at the Capela gold project, located in the municipality of Pintadas, state of Bahia, Brazil.

The current field program focuses on systematic rock sampling designed to validate the initial gold results previously identified during reconnaissance work, including rock samples returning up to 1.37 grams per tonne gold associated with pyrite-bearing granodiorite and oxidized hydrothermal zones.

Qualified person Carlos Henrique Lourenco Bastos commented: "The initiation of systematic field sampling at the Capela gold project represents an important step in validating the early gold indications previously identified in reconnaissance work. The current program is focused on improving the geological understanding of the mineralized system, confirming sulphide-associated alteration patterns and supporting the definition of future exploration targets under NI 43-101 standards."

About the Capela gold project

The Capela gold project is an early-stage gold exploration asset associated with a dome-shaped intrusive granodioritic system, structurally controlled by northwest-southeast and northeast-southwest corridors. Previous geological mapping identified hydrothermal alteration, sulphide-bearing outcrops, gossan zones and quartz-sulphide veinlets, features commonly associated with intrusion-related gold systems.

The project is currently undergoing technical advancement under the National Instrument 43-101 framework, with continuing activities supervised as part of the company's exploration and validation strategy.

Current field program

The initial campaign includes:

• Systematic rock and soil sampling;
• Geological verification of mineralized zones;
• Structural field validation;
• Outcrop documentation and mapping;
• Definition of priority follow-up targets.

The objective of this phase is to confirm the continuity and distribution of gold-bearing structures and support the next stages of exploration activities.

The Capela gold project is hosted in the same gold district as both Pan American Silver's Jacobina gold mining complex and Equinox Gold's Santa Luz Bahia complex, and spans 3,935.25 hectares.

Management commentary

Joel Rovaris Ferari, chief executive officer of Brasnova Energy Materials, stated: "The initiation of field activities at Capela represents another important milestone for Brasnova. This program is focused on validating the first gold results and advancing the technical understanding of the project through systematic exploration work."

Qualified person

Mr. Bastos is a senior geologist, MSc, and a qualified person registered with the Brazilian Commission for Resources and Reserves. He is a fellow of the Australasian Institute of Mining and Metallurgy and a member of the Society for Mining, Metallurgy and Exploration.

Mr. Bastos has over 30 years of experience in mineral exploration and mining projects in Brazil and abroad, including resource estimation, quality assurance/quality control implementation, mine planning, and supervision of drilling and exploration programs.

About Brasnova Energy Materials Inc.

Brasnova Energy Materials is focused on securing, developing and monetizing Brazilian critical material assets and related material technologies to build shareholder value.

We seek Safe Harbor.