Ms. Meredith Eades reports

STUHINI EXPLORATION ANNOUNCES CORPORATE NAME CHANGE TO ERANOVA METALS INC.

Stuhini Exploration Ltd. will officially change its name to Eranova Metals Inc., effective Jan. 19, 2026, marking a new chapter in the company's evolution and reflecting a broader strategy focused on unlocking value from its multimetal asset base at the flagship Ruby Creek project in Northern British Columbia.

"The name Eranova Metals represents a new era for the company -- one that builds on our strong foundation while embracing a more expansive, multimetal growth trajectory," said Meredith Eades, president and chief executive officer. "With the molybdenum deposit advancing toward economic studies, high-grade silver with demonstrated recoveries and newly identified copper-gold targets, we're excited to move forward under a name that better reflects our vision and ambition."

The name change was approved by directors on Jan. 5, 2026, and aligns with Eranova's forward-looking strategy to advance exploration and development across the Ruby Creek project -- which hosts a large molybdenum resource alongside high-grade silver, gold and emerging copper-gold porphyry targets.

A dual-path strategy: development and discovery

The rebrand reflects Eranova's strategic focus on one property, two paths to value creation.

Development

The company is progressing internal economic studies on its measured and indicated 433-million-pound molybdenum deposit (using $15 (U.S.) per pound molybdenum prices and a 0.02-per-cent cut-off grade), including conceptual-level work by Tetra Tech to evaluate development scenarios and updated assumptions. This builds on over 74,000 metres of historical drilling and a 2006 feasibility study, and will inform potential next steps in derisking and advancing the asset.

Discovery

In parallel, Eranova is unlocking a pipeline of high-impact multimetal targets across its 29,734-hectare land package, including:

• High-grade silver at the Silver Surprise zone, where a 2025 mini-bulk sample returned 4,200 grams per tonne silver and confirmed 95-per-cent silver recovery through direct smelting -- a rare outcome in the silver sector (see Dec. 1, 2025, news release);
• A newly identified copper-gold porphyry target at Ruffner, near the historic Ruffner silver mine, with outcrop and float samples up to 8.1 per cent copper and 36.8 grams per tonne gold, and geophysical evidence of a large mineralized footprint (see Nov. 4, 2025, news release).

Trading details

Effective at the opening of markets on Monday, Jan. 19, 2026, the company's common shares will begin trading on the TSX Venture Exchange under the new name Eranova Metals Inc. and the new ticker symbol NOVA. The Cusip and ISIN for the common shares have also been changed to 29478G106 and CA29478G1063, respectively.

There is no consolidation or change in share capital in connection with the name change, and shareholders are not required to take any action. Existing share certificates remain valid.

The company's updated website, branding and social media channels will roll out in the coming weeks to reflect the new corporate identity.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Clive Aspinall, PGeo, a qualified person under National Instrument 43-101.

About Eranova Metals Inc.

Eranova Metals is a mineral exploration company focused on exploration and development of precious and base metal properties in Western Canada. The company's portfolio of exploration properties includes the flagship Ruby Creek property, 16 kilometres east of Atlin, B.C.; the South Thompson nickel project, 35 kilometres northwest of Grand Rapids, Man.; and the Big Ledge property, 57 kilometres south of Revelstoke, B.C.

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