Ms. Meredith Eades reports

ERANOVA PRODUCES 50 OZ SILVER BAR FROM SILVER SURPRISE MINI-BULK SAMPLE AT LOCAL ATLIN FACILITY

Eranova Metals Inc. has produced a 50-ounce refined silver bar from the remaining tailings generated during metallurgical testing of the company's previously announced 1,585-pound (719-kilogram) surface mini-bulk sample (press release dated Dec. 1, 2025) collected from the Silver Surprise zone at its 100-per-cent-owned Ruby Creek property near Atlin, B.C.

Highlights:

• 50-ounce refined silver bar recovered from remaining mini-bulk sample material at Silver Surprise;
• Builds upon the previously announced 95-per-cent silver recovery achieved through direct smelting;
• Demonstrates the continued metallurgical potential of the Silver Surprise mineralization;
• Silver processed locally in Atlin, B.C., demonstrating access to metallurgical expertise that supports efficient advancement of future exploration programs.

"Producing a 50-ounce refined silver bar is an exciting milestone for Eranova because it highlights just one of several value drivers we're advancing simultaneously," said Meredith Eades, president and chief executive officer of Eranova. "While the Adanac molybdenum project advances toward a preliminary economic assessment, we're also continuing to demonstrate the broader discovery potential of the Ruby Creek district. Advancing both a development-stage asset and a pipeline of exploration targets simultaneously reflects the unique opportunity we see within Eranova. The ability to process material locally in Atlin further demonstrates the existing infrastructure and accessibility surrounding the project. Taken together, we believe these advantages underscore the value within Eranova and the long-term opportunity for our shareholders."

Local processing supports future exploration

The silver bar was produced by Rino Mihoc of Ruby Gold Ltd. at his processing facility in Atlin, B.C., located approximately 20 kilometres from the Ruby Creek property. The bar was poured from the remaining tailings generated during the company's previously announced metallurgical program, which demonstrated 95-per-cent silver recovery through direct smelting.

The availability of local processing infrastructure allowed the company to further evaluate the original mini-bulk sample without transporting material over long distances. As Eranova continues to advance exploration across the Ruby Creek district, access to nearby metallurgical expertise can provide an efficient means of evaluating future bulk samples and supporting continuing exploration programs.

Building on strong metallurgical results

As announced on Dec. 1, 2025, metallurgical testing of the Silver Surprise mini-bulk sample demonstrated:

• 95-per-cent silver recovery through direct smelting;
• Recovery of native silver using simple gravity concentration techniques;
• Production of an initial 445-gram (14.3-ounce) refined silver bar from gravity concentrate; and
• Metallurgical characteristics consistent with simple processing of coarse native silver mineralization.

The production of the 50-ounce silver bar further validates the high-grade nature of the Silver Surprise mineralization while complementing the strong metallurgical results previously reported from the mini-bulk sample. The company continues to evaluate opportunities to further optimize the gravity concentration process as part of its continuing metallurgical assessment.

Silver Surprise zone

The Silver Surprise zone hosts the highest-grade silver mineralization identified to date on the Ruby Creek property. Previous surface sampling returned assays of up to 16,030 grams per tonne silver, including 28 samples exceeding 1,000 g/t silver and four samples exceeding 10,000 g/t silver. Mineralization occurs within multiple subparallel quartz-sulphide veins that remain open along strike and at depth.

Silver Surprise remains one of several high-priority exploration targets within the broader Ruby Creek district. While the company advances the Adanac molybdenum project toward a National Instrument 43-101-compliant preliminary economic assessment, exploration is currently in progress, advancing high-grade precious and base metal targets across the property.

Qualified person

Nicholas Clive Aspinall, MSc, PEng, is a consulting geologist to Eranova Metals and is a qualified person as defined by National Instrument 43-101. Mr. Aspinall has reviewed and approved the technical information contained in this news release.

About Eranova Metals Inc.

Eranova Metals is a Canadian mineral exploration company focused on advancing precious and base metal projects across Western Canada.

The company's flagship asset is the Ruby Creek property, a 29,700-hectare land package near Atlin, B.C., that hosts both the Adanac molybdenum project, a development-stage deposit with historic feasibility, and the Atlin discovery project, an emerging pipeline of high-grade gold, silver, copper and tungsten zones.

Eranova also holds two additional 100-per-cent-owned assets: the Big Ledge zinc-lead project, located 57 kilometres south of Revelstoke, B.C., and the South Thompson nickel project in west-central Manitoba.

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