File: '\\swfile\EmailIn\20260812 085901 Attachment 12Aug2026Update.doc'

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OLIVIER VENTURES INC.

2nd Floor - 820 West Broadway

Vancouver, British Columbia V5Z 1J8

Telephone: 604-689-2646

PRESS RELEASE NEX: OVL.H

FOR IMMEDIATE DISTRIBUTION

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

OLIVIER ANNOUNCES AMENDMENTS TO TSXV REACTIVATION

Vancouver, BC - August 12, 2026 - Olivier Ventures Inc. (the "Company" or "Olivier") (NEX: OVL.H) announces the addition of a flow-through offering to the terms of its non-brokered private placement (the "Offering") set out in its news release dated July 17, 2026 (the "Prior Release") being carried out in connection with its reactivation plan.

The Offering will now include up to 2,222,222 units (the "FT Units") at a price of $0.09 per FT Unit for gross proceeds of $200,000. The FT Units will consist of one flow-through share and one-half of one (1/2) common share purchase warrant of the Company (an "FT Warrant"). Each whole FT Warrant will be exercisable to purchase one non-flow through common share of the Company at a price of $0.12 for a term of one (1) year from the Closing Date. The Offering will continue to include up to 3,750,000 non-flow through units (the "NFT Units") at a price of $0.08 for gross proceeds of $300,000. Each NFT Unit will consist of one common share and one whole share purchase warrant (an "NFT Warrant"), with each NFT Warrant exercisable for one additional common share of the Company at a price of $0.10 for a period of two years from the date of issue.

All common shares (flow-through or not) and all warrants issued in conjunction with the Offering will be subject to a hold period of four months and one day from their date of issuance. The Company may pay finders fees in connection with the issuance of the Shares which will be in accordance with any restrictions imposed by the TSX Venture Exchange (the "TSXV"). Closing of the Offering is subject to the approval of the TSXV.

ABOUT OLIVIER VENTURES INC.

Olivier Ventures Inc. was incorporated on March 25, 1981 under the laws of the province of British Columbia. On February 28, 2023, the Company changed its name from Pacific Paradym Energy Inc. to Olivier Ventures Inc.

The Company's registered address is at 2nd Floor, 820 West Broadway, Vancouver, BC, V5Z 1J8. The Company's shares trade on the TSX-V under the symbol "OVL". On closing of the proposed reactivation plan, the Company proposes to change its name to "Kichona Minerals Inc." to more accurately reflect its new business. The Company's new stock ticker symbol following closing will be "KIC".

For more information, please contact:

OLIVIER VENTURES INC.

Harry Chew, President, Director

Email: hchew@pacificparagon.com

Tel: (604) 689-2646

On behalf of the Board of Directors,

"Harry Chew"

Harry Chew

President & CFO

Olivier Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

*This News release contains information about other properties on which Olivier Ventures Inc. has no right to explore or mine. Readers are cautioned that mineral deposits on other properties are not indicative of mineral deposits on the Company's proposed Property.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation: the completion of the transaction announced and the Offering as well as the anticipated use of proceeds therefrom. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; performance of services required by the Company; future operating costs; and the receipt of regulatory approvals. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including regulatory risks; unanticipated costs and expenses; availability of funds; failure to receive required regulatory approvals; market prices;, and general market conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

File: Attachment 12Aug2026Update.pdf

OLIVIER VENTURES INC.

2nd Floor 820 West Broadway

Vancouver, British Columbia V5Z 1J8

Telephone: 604-689-2646

PRESS RELEASE NEX: OVL.H FOR IMMEDIATE DISTRIBUTION

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

OLIVIER ANNOUNCES AMENDMENTS TO TSXV REACTIVATION

Vancouver, BC August 12, 2026 Olivier Ventures Inc. (the "Company" or "Olivier") (NEX: OVL.H) announces the addition of a flow-through offering to the terms of its non-brokered private placement (the "Offering") set out in its news release dated July 17, 2026 (the "Prior Release") being carried out in connection with its reactivation plan.

The Offering will now include up to 2,222,222 units (the "FT Units") at a price of $0.09 per FT Unit for gross proceeds of $200,000. The FT Units will consist of one flow-through share and one-half of one (1/2) common share purchase warrant of the Company (an "FT Warrant"). Each whole FT Warrant will be exercisable to purchase one non-flow through common share of the Company at a price of $0.12 for a term of one (1) year from the Closing Date. The Offering will continue to include up to 3,750,000 non- flow through units (the "NFT Units") at a price of $0.08 for gross proceeds of $300,000. Each NFT Unit will consist of one common share and one whole share purchase warrant (an "NFT Warrant"), with each NFT Warrant exercisable for one additional common share of the Company at a price of $0.10 for a period of two years from the date of issue.

All common shares (flow-through or not) and all warrants issued in conjunction with the Offering will be subject to a hold period of four months and one day from their date of issuance. The Company may pay finders fees in connection with the issuance of the Shares which will be in accordance with any restrictions imposed by the TSX Venture Exchange (the "TSXV"). Closing of the Offering is subject to the approval of the TSXV.

ABOUT OLIVIER VENTURES INC.

Olivier Ventures Inc. was incorporated on March 25, 1981 under the laws of the province of British Columbia. On February 28, 2023, the Company changed its name from Pacific Paradym Energy Inc. to Olivier Ventures Inc.

The Company's registered address is at 2nd Floor, 820 West Broadway, Vancouver, BC, V5Z 1J8. The Company's shares trade on the TSX-V under the symbol "OVL". On closing of the proposed reactivation plan, the Company proposes to change its name to "Kichona Minerals Inc." to more accurately reflect its new business. The Company's new stock ticker symbol following closing will be "KIC".

59075-4\#5869810v1 For more information, please contact: OLIVIER VENTURES INC. Harry Chew, President, Director Email: hchew@pacificparagon.com Tel: (604) 689-2646 On behalf of the Board of Directors, "Harry Chew" Harry Chew President & CFO Olivier Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. *This News release contains information about other properties on which Olivier Ventures Inc. has no right to explore or mine. Readers are cautioned that mineral deposits on other properties are not indicative of mineral deposits on the Company's proposed Property.

Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation: the completion of the transaction announced and the Offering as well as the anticipated use of proceeds therefrom. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; performance of services required by the Company; future operating costs; and the receipt of regulatory approvals. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including regulatory risks; unanticipated costs and expenses; availability of funds; failure to receive required regulatory approvals; market prices;, and general market conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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