Mr. Gorden Glenn reports

MINNOVA ANNOUNCES PRIVATE PLACEMENT OF UNITS

Minnova Corp. has arranged a non-brokered private placement financing for gross proceeds of up to $800,000 through the issuance of up to 16 million units at a price of five cents per unit.

Each unit comprises one common share of the company and one-half of one whole common share purchase warrant of the company. Each warrant entitling the holder thereof to purchase one common share at a price of 10 cents per common share for a period of two years from the date of issuance, provided, however, that, should the closing price at which the common shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the common shares may trade at the applicable time) exceed 20 cents for 20 consecutive trading days at any time following the date that is four months and one day after the date of issuance, the company may accelerate the warrant term such that the warrants shall expire on the date that is 30 business days following the date a press release is issued by the company announcing the reduced warrant term.

Gross proceeds raised from the offering will be used for the company's PL mine, including permitting, resource expansion and exploration drill program planning, as well as for general working capital purposes.

Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX-V. All securities issued in connection with the offering will be subject to a hold period of four months plus one day from the date of issuance and the resale rules of applicable securities legislation.

About Minnova Corp.

Minnova is focused on the restart of its PL gold mine, which included completion of a positive feasibility study in 2018. The study concluded the restart of the PL mine, at an average annual production rate of 46,493 ounces over a minimum five-year mine life, was economically robust. Importantly, the global resource remains open to expansion, as does the reserve. The PL gold mine benefits from a short preproduction timeline forecast at 15 months, a valid underground mining permit (Environment Act 1207E), an existing 1,000-tonne-per-day processing plant and over 7,000 metres of developed underground ramp to minus 135 metres depth. The project is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon greenstone belt of central Manitoba.

We seek Safe Harbor.