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Novared Mining Inc
Symbol NRED
Shares Issued 38,944,000
Close 2026-06-15 C$ 1.70
Market Cap C$ 66,204,800
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Novared expands MetalCore AI data set to 2.7M records

2026-06-15 18:26 ET - News Release

Mr. Brian Goss reports

NOVARED MINING EXPANDS METALCORE AI DATASET TO MORE THAN 2.7 MILLION RECORDS, INCLUDING 1.4 MILLION GEOCHEMICAL SAMPLES

Novared Mining Inc. has expanded the data set supporting MetalCore, the company's mineral exploration and prospectivity evaluation platform. MetalCore is being developed as a data analysis platform intended to assist in the review and prioritization of mineral exploration opportunities. The platform is designed to integrate multiple geological and exploration data sets, including geology, geochemistry, geophysics, remote sensing, historical exploration records, mineral occurrences, mining claims, land status information, infrastructure data and property-level information.

The company reports that MetalCore's expanded data set now includes more than 799,000 mineral occurrence and deposit records, more than 1.4 million geochemical sample records, more than 583,000 mining claim records, and information relating to more than 11,000 mineral properties. Based on previously reported platform metrics, MetalCore's core data set has expanded from approximately 305,669 records to more than 2.7 million records. The increase reflects the addition of mineral occurrence and deposit data, geochemical sample data, and mining claim information from multiple sources.

Novared continues to evaluate additional public and proprietary data sets for potential integration into the platform. The company is also conducting continuing data management, analytical and model development work intended to support data normalization, target screening, comparative analysis and prospectivity evaluation.

Brian Goss, chief executive officer of Novared, commented: "The continued expansion of MetalCore's data set represents an important development milestone for the platform. Our focus remains on improving the breadth and organization of the data available for mineral property evaluation and exploration screening. As additional data sets are incorporated and tested, we expect to continue refining the platform's analytical capabilities and decision support tools."

Stock option grant

The company further announces that it has granted incentive stock options to members of its advisory board whereby they can purchase up to an aggregate of 130,000 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 $1.70 per share. The options, and any underlying common shares issued upon exercise, will have a hold period expiring Oct. 16, 2026, in accordance with the policies of the Canadian Securities Exchange.

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 Minerals Inc.'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.

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