Mr. Brian Goss reports

NOVARED AMENDS TROJAN-CONDOR CORRIDOR OPTION AGREEMENT

Further to its news release dated May 1, 2026, Novared Mining Inc. has entered into a property option amending agreement dated July 17, 2026, and executed July 20, 2026, whereby it may acquire a 70-per-cent interest in an additional five mineral tenures comprising approximately 4,573.82 hectares, known collectively as the Trojan-Condor corridor. These additional claims are adjacent to the nine claims that comprise Novared's existing Wilmac copper-gold project and expand the project size to a total of 16,077.76 hectares.

Under the amended terms of the option agreement, to acquire a 70-per-cent interest in the Trojan-Condor corridor claims, the company must issue three million units in its capital to the optionor upon Canadian Securities Exchange acceptance for filing of the amending agreement. Each unit will consist of one common share and a two-year transferable share purchase warrant entitling the optionor to acquire an additional common share of the company for $1.80. The units, when issued, will be subject to a hold period of four months and one day from issuance.

The company must also pay $100,000 to the optionor by Aug. 31, 2026, and an additional $150,000 by March 31, 2027, as well as finance $8.5-million in exploration expenditures on the claims, including $400,000 by Oct. 1, 2026, and $2-million in 2027, in order to exercise the option. The 70-per-cent interest in the claims that Novared may acquire pursuant to the option is subject to a 2-per-cent net smelter return (NSR) royalty. The company may purchase one-half of the NSR (a 1-per-cent NSR) for a one-time payment of $2-million. Upon the exercise of the option, the company must pay the optionor an annual advance royalty payment of $100,000 per year so long as the company retains its interest in the property.

Stock option grant

The company further announces that it has granted incentive stock options to consultants, whereby they can purchase up to an aggregate of 80,000 common shares of the company pursuant to its incentive share option plan. The options are exercisable for a period of two years at a price of 60 cents per share. The options, and any underlying common shares issued upon exercise, will have a hold period expiring Nov. 21, 2026, in accordance with the policies of the Canadian Securities Exchange.

About Novared Mining Inc.

Novared Mining is a mineral exploration company focused on the identification, acquisition, exploration and development of copper-gold porphyry projects in British Columbia, leveraging an AI-enhanced (artificial intelligence) geospatial technology platform that it developed to identify and evaluate prospective mineral properties. The company's optioned Wilmac copper-gold project comprises 16,078 hectares located within the Quesnel porphyry belt in the Similkameen mining division, southwest of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain mine.

We seek Safe Harbor.