Mr. Brian Goss reports

NOVARED MINING PROVIDES SUMMARY OF RESULTS FOR WILMAC COPPER-GOLD PROJECT

Novared Mining Inc. has provided a summary of recent reported results relating to the Wilmac copper-gold project. The project comprises 16,078 hectares of mineral tenures located within the Quesnel porphyry belt in the Similkameen mining division of British Columbia, southwest of Princeton, and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain mine. According to Hudbay, Copper Mountain hosts proven and probable mineral reserves of 345 million tonnes grading 0.26 per cent copper and 0.12 gram per tonne gold.

"The most important characteristic of Wilmac is what has not yet been tested. The interpreted intrusive complex sits down-dropped relative to Copper Mountain along the boundary fault -- largely blind, largely unexposed and with minimal systematic drilling at the depths where porphyry systems typically deliver," commented Brian Goss, chief executive officer of Novared. "Our soil geochemistry, rock sampling and core re-examination all point in the same direction: porphyry-style alteration and mineralization consistent with a buried system of potential scale. The 2026 geophysical program at the North Lamont target is our next step toward defining the geometry of that system and sequencing our drill program accordingly."

The project is situated in a well-documented copper-gold porphyry belt and is located proximal to an actively producing copper mine, with ore produced from multiple copper-gold alkalic porphyry deposits comprising the mine. The mine is located within the Copper Mountain camp, comprising multiple intrusions, ranging from barren to mineralized, within a composite intrusive complex. This is the geological setting interpreted for the project, down-dropped relative to the Copper Mountain camp by the boundary fault such that an interpreted intrusive complex is located at a deeper level and is, therefore, largely unexposed, comprising an essentially blind intrusive complex.

Evidence in support of a potential intrusive complex has been identified in outcrop (that is, the North Lamont grid), in drill core (that is, the Trojan Condor corridor) and in geophysical survey results (that is, the Lamont and Wilmac surveys). The interpreted intrusive complex includes, but is not limited to, ultramafic (that is, pyroxenite and hornblendite), mafic (that is, gabbro) and intermediate (that is, diorite) intrusive phases, and is, therefore, a multiphase intrusive complex.

Analytical results from multiple soil sampling programs across the property document anomalous to highly anomalous copper results (indicating potential for underlying copper-bearing mineralization), as well as elevated Sr/Y (indicating one or more favourable fertile or wet magmas) and V/Sc ratios (indicating magmas transitional between reduced and more favourable oxidized magmas). In particular, a spatial association between groups and clusters of anomalous copper-bearing soils and intense magnetic anomalies is interpreted to indicate targeting intense magnetic highs may present an optimal method for identifying potentially copper-bearing deposits.

Anomalous copper-in-soil anomalies are supported by a more limited set of analyses from rock samples, documenting several areas having anomalous copper values (that is, the Trojan and Wilmac Minfile occurrences). The best mineralization identified to date from the project was returned from the Wilmac Minfile area in 2023. Copper results are anomalous and very encouraging, ranging from a lower cut-off of 200 parts per million to two values in excess of 1 per cent (1.235 per cent and 1.670 per cent). The average of nine samples was 6,390 ppm, or 0.639 per cent, copper. Samples were taken from within, and immediately adjacent to, a series of three northwest-southeast-oriented trenches excavated in predominantly coarse-grained to pegmatitic hornblendite.

Piles of excavated material at the southeast end of the middle and western trenches have abundant epidote altered and chalcopyrite mineralized material. Epidote alteration is present as selective replacement of primary phenocrysts, patchy alteration of the matrix and epidote veins. Sulphides are present as both pyrite and, to a slightly lesser degree, chalcopyrite, predominantly hosted within quartz-carbonate veins and weakly to moderately developed stockworks. Several instances of possible AB porphyry-style veins (quartz-carbonate veins having sulphide cores) were noted.

To date, there are three high-priority areas for subsequent diamond drilling. In order of priority, they are the Wilmac, the Lamont/North Lamont and the Trojan-Condor corridor areas. A limited drill program was completed by a previous operator on the Trojan-Condor corridor claims in 2014. Four drill holes (labelled WS14-001 to WS14-004) totalling approximately 728 metres were completed. The relatively shallow holes (between 135 and 215 metres deep) targeted copper showings and induced polarization chargeability anomalies identified by the 2011 survey. Although results were modest, they are interpreted to document a classic copper-gold alkalic porphyry signature: epidote-carbonate-quartz veinlets, thin stockworks with pyrite plus or minus trace chalcopyrite, and patchy to locally pervasive epidote and sericite alteration. The holes are interpreted to have been collared above a large hydrothermal system associated with multiple copper-bearing porphyry centres. Driving the interpreted hydrothermal system is a buried intrusive complex having porphyry-style alteration, porphyry-style networks of sulphide veins and porphyry-style intervals of copper mineralization. In addition, evidence of faulting and the presence of younger Princeton group cover rocks are interpreted to have obscured deeper, potentially better-mineralized portions of the hydrothermal system to the east. Re-examination and further sampling of the 2014 drill core in 2024 returned additional valuable information and quantitative analytical results, as follows:

• Weakly to, very locally, moderately well-developed, vein stringers and stockworks (less than or equal to 0.5 metre), interpreted to be consistent with porphyry-style mineralization;
• Intervals consisting of porphyry-style mineralization (that is, thick, vein controlled to stockwork mineralization) rather than individual narrow, vein-style mineralization;
• Further analysis returned thicker, porphyry-style results for copper, confirming the high value of "... 953 ppm copper ... across 3.27 metres of diorite containing a weak quartz-carbonate-pyrite stockwork zone" with a weighted-average copper grade of 1,084 ppm over 3.13 metres between 97.87 and 101.00 metres; two additional intervals returned moderately anomalous values: (1) 262 ppm copper over 24.16 metres between 87.70 and 111.86 metres in WS14-001; and (2) 381 ppm copper over 26.83 metres between 83.00 and 111.86 metres in WS14-002; these broad, low-grade intervals are interpreted by the company's qualified person as consistent with the peripheral alteration halo of an alkalic porphyry system, where higher-grade mineralization is typically developed at depth within the causative intrusive complex; and
• More, and varied, alteration styles present throughout the core, dominated by sericite and epidote alteration; gabbro, pyroxenite and diorite exhibit rare to weak patchy, with more prevalent, but variable, selective replacement and pervasive epidote alteration with traces of chalcopyrite and are occasionally cut by narrow (less than one to two centimetres thick) carbonate, epidote and quartz veinlets with traces of chalcopyrite.

Summary

The project is interpreted to host potential for identification of one (or more) copper-gold porphyry deposits similar to those being actively mined at Copper Mountain, approximately 10 kilometres east. Favourable indicators for porphyry potential include, but are not limited to:

• Location within a well-established and well-documented porphyry belt;
• Proximity to an actively producing mine;
• Numerous anomalous to highly anomalous copper-in-soil results;
• Anomalous to highly anomalous copper results from analysis of rock samples;
• Porphyry-style alteration, including sericite and epidote alteration;
• Porphyry-style mineralization, from both trench exposures and in drill core;
• Evidence for a multiphase intrusive complex in outcrop, from geophysics and drilling;
• Spatial association of porphyry-style alteration and mineralization with high-intensity magnetic anomalies; and
• Spatial association with a large, high-intensity magnetic anomaly similar to that associated with the intrusive complex documented in the Copper Mountain camp and the Copper Mountain mine, separated by the regionally significant boundary fault.

Next steps

Building on the results summarized above, the company is advancing a planned 2026 field program on the Wilmac copper-gold project, with the objective of further defining and refining the three priority drill targets identified to date. Further details of the 2026 field program will be provided in a subsequent news release.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Rick Walker, PGeo, a qualified person as defined by National Instrument 43-101. Mr. Walker is not independent of the company within the meaning of NI 43-101.

About Novared Mining Inc.

Novared is a mineral exploration company focused on the identification, acquisition, exploration and development of copper-gold porphyry projects in British Columbia, leveraging an artificial-intelligence-enhanced 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's producing Copper Mountain mine.

Readers are cautioned that the discussion of mineralization on adjacent or similar properties, including the Copper Mountain mine, is not necessarily indicative of the mineralization or potential of the Wilmac project. The company has no interest in, or right to acquire any interest in, any such adjacent properties.

We seek Safe Harbor.