Mr. Thomas Obradovich reports

AURANOVA AND KENORLAND ANNOUNCE GEOPHYSICAL SURVEY OVER THE NORTH PAPA GOLD DISCOVERY AT SOUTH UCHI, ONTARIO

Auranova Resources Inc. will commence a 24-line-kilometre induced polarization survey at the South Uchi project located in the Red Lake district of Ontario. The survey covers the recently discovered North Papa gold trend (see press release dated June 17, 2026) within the larger Papaonga target area, designed to characterize the geophysical response of the mineralized corridor to support future drill targeting beneath glacial cover.

Survey overview

The IP survey is being undertaken by Abitibi Geophysics of Val d'Or, Que., and is expected to commence in late July following completion of line cutting. The survey is designed with a depth of investigation of approximately 760 metres to image the North Papa hydrothermal system, providing a 3-D view of chargeability and resistivity trends associated with alteration and sulphide mineralization within the felsic intrusive rocks that host gold mineralization. Results will be integrated with geological and drilling data to refine future drill targeting along the North Papa mineralized corridor.

The survey comprises eight parallel three-kilometre lines spaced 250 m apart and oriented perpendicular to the North Papa mineralized corridor, for a total of 24 line kilometres of coverage. The survey layout has been designed to provide comprehensive coverage of the discovery area, with the objective of further constraining the geometry and extent of the mineralized corridor ahead of the next phase of drilling.

About South Uchi project

The South Uchi project was first identified and staked by Kenorland based on the underexplored region's prospectivity to host significant gold mineralized systems. The project covers a portion of Confederation assemblage volcanic rocks, as well as the boundary between the Uchi geological subprovince to the north and the English River geological subprovince to the south.

Multiple major east-west-striking deformation zones associated with the subprovince boundary transect the project, resulting in zones of strong shearing and folding of the supracrustal stratigraphy, which are favourable settings for orogenic gold mineralization. Prior to Kenorland staking the project, records indicated little to no systematic exploration had been completed, and the land package remained underexplored. The majority of gold deposits in the Red Lake district (Red Lake, Madsen, Hasaga and others) is located on the northern margin of the Confederation assemblage. However, recent discoveries such as the LP Fault zone on the Dixie project by Great Bear Resources Ltd. (acquired by Kinross Gold and renamed Great Bear project) highlight the prospectivity of the entire Confederation assemblage along the southern margin of the Uchi subprovince.

Auranova to date has spent $14.7-million in qualifying expenditures and will earn a 70-per-cent interest in South Uchi by spending an additional $3.3-million.

Qualified person

William Yeomans, BSc, PGeo (EGBC No. 027187 and PGO No. 2177), an independent qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Auranova Resources Inc.

Auranova 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.

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