Mr. Gorden Glenn reports

MINNOVA PROVIDES UPDATE ON PRIVATE PLACEMENT

Further to the press releases of May 7, 2025, June 19, 2025, and July 14, 2025, Minnova Corp. has applied to the TSX Venture Exchange for an extension of its price protection for an additional 10 days to complete the previously announced non-brokered private placement of up to 16 million units at a price of five cents per unit for aggregate gross proceeds of up to $800,000.

The company closed the initial tranche of the offering on July 14, 2025, through the issuance of 8.51 million units for gross proceeds of $425,000. For further details on the offering, please refer to the company's press release of May 7, 2025.

About Minnova Corp.

Minnova is focused on the restart of its PL gold mine, which included completion of a positive feasibility study in 2018 using a long-term gold price of $1,250 (U.S.) per ounce. 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-metre 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.