Mr. Gorden Glenn reports

MINNOVA CORP. ANNOUNCES REINSTATEMENT OF TRADING AND CORPORATE UPDATE

Minnova Corp.'s common shares will be reinstated on the TSX Venture Exchange. This follows the successful resolution of the cease trade order issued by the Ontario Securities Commission on Aug. 5, 2025, which was revoked by the OSC on Aug. 6, 2025.

Pursuant to the TSX-V trading reinstatement review, the company is providing the following disclosure. As of July 31, 2025, the company has a working capital deficiency of $544,611. The company plans to complete a private placement to address the deficiency and finance continuing work programs at the PL gold mine, including up to 10,000 metres of drilling, ore sorting testwork and updated National Instrument 43-101-compliant technoeconomic studies. Once the company determines the details of the offering, the company will issue a press release disclosing same.

PL gold mine development update

The company engaged A&B Global Mining (see press release of Aug. 21, 2025) and is advancing on plans for an updated mineral resource estimate and preliminary open-pit and underground mine design and layout. Work is well under way on a new mine development plan that considers the current gold price, restarting mining operations from open pits that can provide 1,000 tonnes per day of run-of-mine ore to the mill before transitioning to underground mining operations.

About Minnova Corp.

Minnova is focused on the restart of its PL gold mine, which included completion of a positive feasibility study in 2018, based on a 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.