Mr. Gorden Glenn reports

MINNOVA ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Minnova Corp. has released the results of its annual and special meeting of shareholders held on Feb. 9, 2026. At the meeting, shareholders voted in favour of all resolutions brought before the meeting. Details of all resolutions that were voted upon are set out in the management information circular dated Jan. 2, 2026. The management information circular is available on the company's profile on SEDAR+.

Election of directors

At the meeting, based on proxies received, shareholders elected all of the board of director nominees, except for Jamie White, who was unable to stand for re-election. Carly Burk was elected in his stead. Results of the votes were as shown in the attached table.

Ms. Burk practices securities law and works with both public and private issuers. Ms. Burk holds a bachelor of laws from the University of Southampton, a certificate of qualification from the Federation of Law Societies and a bachelor of arts (honours) from Carleton University. Ms. Burk serves as an officer and/or director of several public and private entities.

Appointment of auditor

At the meeting, based on proxies received, shareholders approved the appointment of the company's auditor, McGovern Hurley LLP. The results of the votes were as shown in the attached table.

Other item of business

At the meeting, based on proxies received and votes calculated by ballot, shareholders approved and confirmed the company's omnibus long-term incentive plan. The results of the votes were as shown in the attached table.

About Minnova Corp.

Minnova is a near-term gold producer focused on the restart and expansion of its 100-per-cent-owned PL gold mine in the prolific Flin Flon greenstone belt of central Manitoba. The project is situated on a past-producing mine site and benefits from significant existing infrastructure, including a 1,000-tonne-per-day processing plant and valid underground mining permit (Environment Act licence 1207E).

A positive 2018 feasibility study, based on an underground development plan and a gold price of $1,250 (U.S.) per ounce, outlined a robust five-year mine life with an annual production rate of 46,493 ounces. Considering current high gold price Minnova is revising the mine development plan to prioritize lower-cost open pit mining methods for the initial years of production before transitioning to underground methods.

A revised mine development plan that leverages the full 1,000 tpd process plant capacity and targets reduced operating costs compared to the previous underground-only model is under way and will be the subject of a preliminary economic assessment and feasibility study to be completed in 2026. The current global gold resource remains open to expansion, as does the reserve. The mineral resource estimate will be revised in 2026, using current consensus gold price assumption and will incorporate all drilling conducted after the 2018 feasibility study, including a 15,000-metre drill program currently in progress.

We seek Safe Harbor.