Minnova Provides Update on Private Placement

Core Viewpoint - Minnova Corp. is seeking an extension for price protection to complete a non-brokered private placement of up to 16,000,000 units at a price of $0.05 per unit, aiming for total gross proceeds of up to $800,000 [1] Group 1: Private Placement Details - The company closed the initial tranche of the offering on July 14, 2025, issuing 8,510,000 units for gross proceeds of $425,000 [2] - The extension request for price protection is for an additional ten days to finalize the offering [1] Group 2: Company Overview - Minnova Corp. is focused on restarting its PL Gold Mine, which has a positive feasibility study completed in 2018, projecting an average annual production rate of 46,493 ounces over a minimum five-year mine life [4] - The project benefits from a short pre-production timeline of 15 months, a valid underground mining permit, and an existing processing plant with a capacity of 1,000 tons per day [4] - The PL Gold Mine is located in the Flin Flon Greenstone Belt of Central Manitoba, with significant existing mining infrastructure nearby [4]