Ms. Christina McCarthy reports
NUVAU MINERALS ANNOUNCES GRANT OF OPTIONS AND PROVIDES UPDATE ON FINDER'S FEES AND COMMISSIONS
Nuvau Minerals Inc., on April 24, 2026, granted an aggregate of 2.09 million stock options of the company to certain directors, officers, employees and consultants of the company. Each option entitles the holder to acquire one common share at an exercise price of 79 cents per common share until April 23, 2031. The options vest immediately upon grant.
The company also wishes to provide the following update regarding finders' fees and commissions paid in connection with the company's previously announced brokered private placement, which closed in two tranches on Feb. 25, 2026, and March 6, 2026, for aggregate gross proceeds of $21,368,670.70. The company paid aggregate cash finders' fees of $974,611.33 to Accilent Capital Management Inc., Allan Barry, JSA Precious Metals Trading Corp., BT Global Growth Inc., Canaccord Genuity Corp. and Leede Financial Inc.
In addition, the company granted an aggregate of 971,043 non-transferable compensation options to Clarus Securities Inc., Canaccord Genuity Corp. and Integrity Capital Group Inc. Each compensation option entitles the holder thereof to purchase one unit of the company at a price of 80 cents per unit, with each unit comprising one common share and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $1.30 per common share. The compensation options granted in connection with the first tranche of the offering expire on Feb. 25, 2029, and the compensation options granted in connection with the second tranche of the offering expire on March 6, 2029.
The company also granted an aggregate of 71,666 non-transferable compensation warrants to BT Global Growth Inc. Each compensation warrant entitles the holder to purchase one common share of the company at a price of 90 cents per common share. The compensation warrants expire on March 6, 2029.
All securities issued as finders' fees and commissions in connection with the first tranche of the offering are subject to a hold period expiring on June 26, 2026, and all securities issued as finders' fees and commissions in connection with the second tranche of the offering are subject to a hold period expiring on July 7, 2026.
About Nuvau Minerals Inc.
Nuvau is a Canadian mining and exploration company advancing a historic mining camp toward a production restart while generating new critical metal and gold discoveries. Its flagship asset is the past-producing Matagami mining district in the Abitibi region of Quebec. Nuvau controls a 1,380-square-kilometre land package and benefits from access to permitted mining infrastructure, including an option on a 3,000-tonne-per-day concentrator. The company's strategy is to combine district-scale exploration targeting zinc-copper VMS (volcanogenic massive sulphide) deposits and newly recognized gold potential with resource growth and project development.
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