Mr. Brad Kitchen reports

SECOVA ENGAGES BBA ENGINEERING TO CONDUCT A PRELIMINARY ECONOMIC ASSESSMENT AT MONTAUBAN

Secova Metals Corp. has engaged BBA Engineering Ltd. to generate a National Instrument 43-101 technical report with a mineral resource estimate on the company's Montauban project. In addition to the technical report, BBA will advance the project through to the completion of a preliminary economic assessment (PEA).

"Management made the decision to engage BBA, with the support of Longford Exploration and John Langton, to compile a PEA on the tailings resource at Montauban to improve the logistics of the processing of the gold and silver resource on the project," explained Brad Kitchen, chief executive officer of Secova. "The PEA will consolidate all historic data and new exploration drilling on the site that was originally mined in 1919. The report will help to optimize the extraction of the minerals already identified in the tailings."

Close of the company's increased Quebec flow-through private placement

In conjunction with the PEA, management of the company has planned to increase the scope of the exploration planned for 2022 and, as a result, has increased and closed its previously announced non-brokered Quebec flow-through private placement. The company raised gross proceeds of $2,356,922.88 by the issuance of 12,740,125 flow-through common shares at a purchase price of 18.5 cents per flow-through share. All securities issued in connection with the offering are subjected to a restricted hold period of four months and a day from the date of closing of the offering, under applicable securities legislation.

In connection with the closing of the offering, the company paid an aggregate finder's fees of $141,590.11 in cash and issued 765,351 share purchase warrants to certain arm's-length finders. Each finder's warrant entitles the holder thereof to purchase one common share of the company at a price of 18.5 cents and expires nine months from the date of closing.

The company will use the proceeds from the sale of the flow-through shares to incur flow-through expenditures in the province of Quebec which qualify as 100-per-cent Canadian exploration expense and will renounce said flow-through expenditures to the investors for the taxation year ending Dec. 31, 2021.

About Secova Metals Corp.

Secova Metals is a Canadian, environmentally aware, resource exploration and processing company. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova's principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometres west of Quebec City. The company is proposing to commence operations by the middle of 2022. In addition, the company's main exploration focus is its 100-per-cent ownership of the Eagle River project, which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec. Secova will use its expertise in early-stage exploration to create shareholder value by attempting to prove out and process the resource in these assets.

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