Announcement • Jul 17
EraNova Metals Produces 50 Oz Refined Silver Bar From Silver Surprise Mini-Bulk Sample At Atlin Facility EraNova Metals announced the successful production of a 50 oz refined silver bar from the remaining tailings generated during metallurgical testing of the Company's previously announced 1,585 lb (719 kg) surface mini-bulk sample collected from the Silver Surprise zone at its 100%-owned Ruby Creek Property near Atlin, British Columbia. 50 oz refined silver bar recovered from remaining mini-bulk sample material at Silver Surprise. Builds upon the previously announced 95% silver recovery achieved through direct smelting. Demonstrates the continued metallurgical potential of the Silver Surprise mineralization. Silver processed locally in Atlin, BC, demonstrating access to metallurgical expertise that supports efficient advancement of future exploration programs. The silver bar was produced by Rino Mihoc of Ruby Gold Ltd. at his processing facility in Atlin, British Columbia, 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% 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 ongoing exploration programs. Comparison of the 50 oz refined silver bar produced through subsequent processing of the remaining tailings with the initial 14.3 oz refined silver bar produced during the Company's previously announced metallurgical program. As announced on December 1, 2025, metallurgical testing of the Silver Surprise mini-bulk sample demonstrated: 95% silver recovery through direct smelting; Recovery of native silver using simple gravity concentration techniques; Production of an initial 445 g (14.3 oz) refined silver bar from gravity concentrate; and Metallurgical characteristics consistent with simple processing of coarse native silver mineralization. The production of the 50 oz 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 ongoing metallurgical assessment. 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 g/t silver, including 28 samples exceeding 1,000 g/t silver and four samples exceeding 10,000 g/t silver. Mineralization occurs within multiple sub-parallel 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 NI 43-101 compliant Preliminary Economic Assessment, exploration is currently in progress, advancing high-grade precious and base metal targets across the property. Surface exposure of the northeastern-most Silver Surprise vein, where the 2025 mini-bulk sample was collected from weathered quartz-sulphide mineralization using hand tools. Mr. Nicholas Clive Aspinall, M.Sc., P.Eng., 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. New Risk • Jun 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$8.92m market cap, or US$6.29m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Jun 09
EraNova Metals Inc. announced that it has received CAD 0.627525 million in funding On June 8, 2026, EraNova Metals Inc. closed the oversubscribed transaction. The company has issued 4,183,498 common shares at an issue price of CAD 0.15 per share for gross proceeds of CAD 627,524.7. The securities issued pursuant to the private placement are subject to a regulatory hold period expiring on October 6, 2026. The private placement is subject to the final approval of the TSX Venture Exchange. The company has paid finder's fees in the aggregate amount of CAD 39,726.75 (CAD 1,750 to Stephen Avenue Securities, CAD 2,625 to Research Capital Corporation, CAD 3,501.75 to Canaccord Genuity Corp., CAD 2,100 to Ventum Financial Corp. and CAD 29,750 to Haywood Securities Inc.) were paid in connection with the private placement representing 7% of the gross proceeds from the sale of common shares placed by the applicable finder. A certain director and officer of the Company participated in the private placement by acquiring an aggregate of 133,333 common shares under the private placement. 
