Mr. Sean McGrath reports

SUPERNOVA RETAINS DAHROUGE GEOLOGICAL CONSULTING LTD. FOR INITIAL EXPLORATION PROGRAM

Supernova Metals Corp. has engaged Dahrouge Geological Consulting Ltd. to plan and execute its initial exploration program on the TT claims located in central Labrador. The company anticipates exploration to commence in February, 2025.

About the TT claims

The company currently holds two licences, composed of 33 claims, in central Labrador, covering 825 hectares. The project is located in the Red Wine critical rare earth element district. These claims have been staked for REE and other rare metals, including beryllium and niobium. The district can be subdivided into two areas: the northern area that is thought to have the potential for light rare earth elements (neodymium and praseodymium), Be and Nb, and the southern area that is thought to have the potential for heavy rare earth elements (dysprosium and terbium), Nd and Pr.

The TT claims are contiguous to the north and west of the Two Tom REE project. The Two Tom REE project reports a historical National Instrument 43-101 mineral resource estimate, using a 0.6 per cent total rare earth oxide cut-off, with an inferred resource of 41 million tonnes at 1.18 per cent TREO, 0.26 per cent Nb205, 0.18 per cent BeO and 0.06 ThO2 per cent with 5 per cent of the TREO being made up of HREOs (NI 43-101 technical report by Tetra Tech Wardrop for Rare Earth Metals Inc., 2012).

The TT claims do not cover any portion of the historical resource area, so these results should not be relied upon as being indicative of the potential of the claims held by the company.

Qualified person

The technical information in this news release has been reviewed and approved by Roger March, PGeo, and a director of the company. Mr. March is the qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

The company also announces that it will issue 300,000 common shares to an arm's-length third party company as a bonus for providing advisory services to the company. The shares will be subject to a statutory hold period that expires on June 15, 2025.

We seek Safe Harbor.