Dr. Eyad Al-Saleh reports

ERYXION ANNOUNCES CLOSING OF PROPERTY ACQUISITION, NAME CHANGE, PRIVATE PLACEMENT AND REACTIVATION ON TSX VENTURE EXCHANGE

Further to its news release of May 29, 2026, Eryxion Resources Corp. (formerly Interconnect Ventures Corp.) has satisfied the requirements of the TSX Venture Exchange for reactivation as a Tier 2 mining issuer from the NEX. The reactivation was undertaken in connection with the acquisition by the company of an undivided 100-per-cent interest in four mineral claims located in northern Vancouver Island, British Columbia, from Mammoth Geological Ltd. and R. Timothy Henneberry (collectively, the vendors), pursuant to the terms of a mineral property purchase agreement dated May 29, 2026. The company closed the acquisition on Nov. 9, 2026, and paid $45,000 to the vendors in consideration for the property. An independent technical report dated Aug. 17, 2026, prepared by Warren Robb, PGeo, titled "Technical Report -- Ellen Property Located in the Sayward Area of Vancouver Island," has been filed on the company's SEDAR+ profile.

Name change

In connection with the reactivation, the company changed its name and ticker from Interconnect Ventures Corp. (IVC.H) to Eryxion Resources Corp. (ERXY), effective Nov. 11, 2026. The new ISIN (international securities identification number) and the Cusip number of the company were changed to CA29606E1060 and 29606E106, respectively.

Accordingly, the common shares of the company will resume trading at the market open on Nov. 11, 2026, and the company will transition from the NEX board to become a Tier 2 mining issuer on the exchange.

Private placement

The company also announces that it has closed its previously announced non-brokered private placement offering of 10 million units issued at a price of five cents per unit for gross proceeds of $500,000. Each unit comprises one common share and one share purchase warrant. Each warrant shall entitle the holder to acquire one additional common share in the capital of the company at a price of five cents per share for a period of five years from the date of issuance.

Net proceeds from the offering will be used to pay for exploration work on the property and general working capital purposes. A portion of the net proceeds was used to satisfy amounts payable under the purchase agreement and to pay for expenses associated with the approval of the reactivation and related transactions.

No finders' fees were paid in connection with the offering and no insiders participated in the offering. The securities issued pursuant to the offering will be subject to a hold period under applicable securities laws, which will expire four months plus one day from the date of closing of the offering.

We seek Safe Harbor.