Ms. Meredith Eades reports

ERANOVA METALS ADVANCES 2026 EXPLORATION PROGRAM AT RUBY CREEK

Eranova Metals Inc. has provided an update on its 2026 summer exploration program, which is now under way at its 100-per-cent-owned, 29,700-hectare Ruby Creek property near Atlin, B.C.

"Our objective this season is straightforward -- continue building a pipeline of high-quality drill targets across Ruby Creek," said Meredith Eades, president and chief executive officer of Eranova. "While the Adanac molybdenum project advances toward a NI 43-101-compliant preliminary economic assessment, our exploration team continues to demonstrate the broader district-scale potential of the property. Every field season adds to our understanding of this large, highly prospective mineral system."

2026 exploration program

• Geological mapping and prospecting across priority target areas;
• Soil geochemical surveys to expand and refine known mineralized trends;
• Ground geophysical surveys to better define subsurface targets;
• Continued evaluation and prioritization of multiple exploration targets across the property;
• Generation of new drill targets for future exploration programs.

The 2026 program is designed to advance and refine high-priority exploration targets across the property through a combination of geological mapping, prospecting, soil geochemistry and geophysical surveys. The work will focus on further defining existing mineralized trends and identifying new drill targets for future exploration programs.

The exploration program builds upon the company's recent discoveries at the Lakeview gold-silver system, Ruffner copper-gold porphyry and Silver Surprise zone, while continuing to evaluate numerous additional target areas identified across the Ruby Creek district.

The 2026 exploration program complements the advancement of the Adanac molybdenum project toward a National Instrument 43-101-compliant preliminary economic assessment (PEA). Together, these initiatives reflect Eranova's strategy of advancing both development-stage and exploration-stage opportunities across the Ruby Creek district.

Further updates will be provided as results from the 2026 exploration program become available.

Qualified person

Nicholas Clive Aspinall, MSc, PEng, is a consulting geologist to Eranova Metals and is a qualified person as defined by National Instrument 43-101. Mr. Aspinall has reviewed and approved the scientific and technical information contained in this news release.

About Eranova Metals Inc.

Eranova Metals is a Canadian mineral exploration company focused on advancing precious and base metal projects across Western Canada.

The company's flagship asset is the Ruby Creek property, a 29,700-hectare land package near Atlin, B.C., that hosts both the Adanac molybdenum project, a development-stage deposit with historic feasibility, and the Atlin Discovery project, an emerging pipeline of high-grade gold, silver, copper and tungsten zones.

Eranova also holds two additional 100-per-cent-owned assets: the Big Ledge zinc-lead project, located 57 kilometres south of Revelstoke, B.C., and the South Thompson nickel project in west-central Manitoba.

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