Mr. Brian Goss reports

NOVARED CONFIRMS RESISTIVITY ANOMALY AND DEFINES 42-HECTARE CHARGEABILITY TARGET OPEN TO THE NORTH AT WILMAC

Novared Mining Inc. has released results from an expanded evaluation of three-dimensional induced polarization (3-D IP) and audio-magnetotelluric (AMT) data from the Lamont grid at its Wilmac copper-gold project in British Columbia's Quesnel porphyry belt, approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain mine.

The new evaluation has strengthened Novared's geological model at Lamont Ridge by identifying two key features:

• A buried resistive body with a median top depth of 293 metres, consistent with the interpretation of an underlying intrusive complex;
• A large chargeability target exceeding 25 milliseconds over approximately 42 hectares at 300 metres depth, which remains open to the north.

At shallower depths, the chargeability response occurs as several parallel, northwest-trending bodies. These bodies extend approximately 1.5 to two kilometres and appear to merge with depth into a larger chargeable mass positioned above the interpreted intrusive complex.

"The Lamont data give us two important components of a blind porphyry target: an independently supported intrusion top and a large chargeability system directly above it," said Brian Goss, chief executive officer of Novared Mining. "The target remains open to the north-northwest, and our proposed North Lamont geophysical program is designed to determine how much farther this system extends."

Lamont grid highlights

The Lamont grid covers approximately 2.9 by 2.2 kilometres on Lamont Ridge, approximately 2.4 kilometres north-northeast of the Wilmac grid. The company's initial evaluation of the Lamont survey was reported in its May 13, 2026, news release. Further analysis of the 3-D IP and AMT data sets has now provided additional detail on the geometry and depth of the interpreted system.

Intrusive complex supported at depth

AMT data show a significant increase in ground resistivity between approximately 200 and 400 metres depth. The median depth to strongly resistive rock exceeding 1,000 ohm-metres is approximately 293 metres across the grid. This is consistent with the interpretation that the top of a buried intrusive complex occurs approximately 250 to 300 metres below Lamont Ridge and provides an independent data set supporting the company's geological model.

42-hectare chargeability target

At approximately 100 metres depth, the 3-D IP model identifies three to four parallel northwest-trending chargeable bodies, each extending approximately 1.5 to two kilometres. With increasing depth, these responses appear to coalesce at depth and toward the northwest into a much larger chargeability anomaly. At approximately 300 metres depth, the model defines an area of approximately 42 hectares exceeding 25 milliseconds, compared with a grid background of approximately 11 milliseconds. The response is strongest within the northeastern portion of the grid and remains open at the northern survey boundary.

Blind geophysical target

The chargeability system has weak surface geochemical expression and no corresponding radiometric expression identified on the grid. The strongest geophysical response occurs beneath surface cover, reinforcing Novared's strategy of using deep-penetrating geophysical methods to identify potential buried porphyry targets across Lamont Ridge. Chargeability measures the ability of subsurface material to temporarily hold an electrical charge and can be associated with sulphide minerals. Importantly, IP chargeability cannot distinguish copper-bearing sulphides from barren sulphides such as pyrite.

Drilling will therefore be required to determine the geological source and metal content, if any, of the Lamont chargeability anomalies. The apparent strengthening of the anomaly at depth may also be influenced in part by effects inherent in IP inversion modelling and interpretations at the deepest model levels carry greater uncertainty. Novared's proposed North Lamont geophysical survey is designed to extend coverage beyond the existing northern boundary and determine the full extent of the open chargeability system.

Qualified person

The scientific and technical information in this news release, including the geological interpretations described herein, has been reviewed and approved by Rick Walker, PGeo, a qualified person as defined by National Instrument 43-101. Mr. Walker is not independent of the company within the meaning of NI 43-101. The interpretations described above are conceptual and rely in part on historical, third party data that the company has not independently verified. No mineral resources or mineral reserves have been identified on the project.

About Novared Mining Inc.

Novared Mining is a mineral exploration company focused on the identification, acquisition, exploration and development of copper-gold porphyry projects in British Columbia, leveraging an artificial-intelligence-enhanced geospatial technology platform that it developed to identify and evaluate prospective mineral properties. The company's optioned Wilmac copper-gold project comprises 16,078 hectares located within the Quesnel porphyry belt in the Similkameen mining division, southwest of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain mine.

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