Mr. Thomas Obradovich reports

AURANOVA ANNOUNCES PRIVATE PLACEMENT OF UNITS AND FLOW-THROUGH SHARES

Auranova Resources Inc. has arranged a non-brokered private placement of up to 3,333,333 common shares in the capital of the company, issued on a flow-through (FT) basis at a price of 30 cents per FT share, and up to 12 million units of the company, issued on a hard-dollar (HD) basis at a price of 25 cents per unit, for aggregate gross proceeds of up to $4-million.

Each unit shall comprise one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to acquire one common share at a price of 50 cents per common share for a period of one year from the closing of the offering.

The company may pay certain eligible persons a cash commission equal to 6 per cent of the gross proceeds of the offering.

All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The net proceeds from the sale of the units will be used for general working capital purposes and the gross proceeds from the offering will be used by the company to incur eligible Canadian exploration expenses, as defined in Subsection 66.1(6) of the Income Tax Act (Canada), which qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), and as eligible Ontario exploration expenditures within the meaning of the Taxation Act (Ontario). The qualifying expenses will be renounced in favour of the subscribers with an effective date no later than Dec. 31, 2026.

About Auranova Resources Inc.

Auranova Resources is an explorer of precious metal projects in the highly prospective Red Lake region of Ontario. The company is focused on the discovery of new gold systems in the Birch Uchi belt in partnership with Kenorland Minerals Ltd., as well as expanding its presence in the greenstone belts of Ontario.

We seek Safe Harbor.