Minnova Corp is a Canada based gold producing company. It engages in the exploration and production of mining assets. The company owns an interest in PL Gold Project and Nokomis Property.

Minnova

Toronto, Ontario--(Newsfile Corp. - July 9, 2020) - Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) ("Minnova" or the "Company"), a discovery-stage exploration and gold mine development company is pleased to announce that it has agreed to settle an aggregate of $600,000 of indebtedness owed to certain arm's length and non-arm's length creditors through the issuance of 3,000,000 common shares in the capital of the Company (the "Common Shares") at a price of $0.20 per Common Share (the "Debt Settlement"). All Common Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months and a day from the date of issuance in accordance with applicable securities laws. The Debt Settlement remains subject to the approval of the TSX Venture Exchange.The Debt Settlement constituted a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as insiders of the Company will be issued an aggregate of up to 2,500,000 Common Shares. The Company is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101, based on the fact that the fair market value of the transaction does not exceed 25% of the market capitalization of the Company. A material change report will be filed not less than 21 days before the closing date of the Debt Settlement. This shorter period was reasonable and necessary in the circumstances, as it was necessary for the Company to complete the Debt Settlement to immediately improve the financial position of the Company.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study (using a base case gold price of US$1,250 per ounce and a CAD:USD foreign exchange rate of 0.77) in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/bGXVhAk1">www.minnovacorp.ca</a>Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION INTO THE UNITED STATESTo view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/3YOjtWgE">https://www.newsfilecorp.com/release/59490</a><img src="https://www.newsfilecorp.com/newsinfo/59490/197" alt="" />

Press Releases

Minnova Corp. Announces Debt Settlement of up to $600,000

Toronto, Ontario--(Newsfile Corp. - July 16, 2020) - Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>), ("Minnova" or the "Company"), announces that further to its press release of June 19, 2020, the Company is pleased to announce the closing of a non-brokered private placement of flow-through units (each, a "FT Unit") through the issuance of 4,275,000 FT Units at a price of $0.20 per FT Unit for gross proceeds of $855,000 (the "Offering"). Each FT Unit consists of one common share of the Company issued on a flow-through basis (each, a "FT Common Share") and one-half of a common share purchase warrant (each whole warrant, a "FT Warrant"). Each FT Warrant entitles the holder to purchase one common share in the capital of the Company (each, a "Common Share") at an exercise price of $0.25 for until July 16, 2022 (the "FT Warrant Term"), provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (the "TSXV") (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed $0.375 for 20 consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the FT Warrant Term such that the FT Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the reduced warrant terms. The FT Common Shares will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and will be used by the Company to incur eligible "Canadian exploration expenses" on the Company's mineral properties that will qualify as "flow-through mining expenditures" (as defined in the Income Tax Act (Canada)).In connection with the Offering, the Company paid certain eligible persons (each, a "Finder"): (i) a cash commission in the aggregate of $34,250, being equal to 7% of the gross proceeds of the Offering for the purchasers introduced to the Company by such Finder; and (ii) an aggregate of 274,000 broker warrants (each, a "Broker Warrant"). Each Broker Warrant is exercisable into Common Shares at a price of $0.25 per Common Share upon the same terms as the FT Warrants. The Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the final approval of the TSX Venture Exchange. In addition, the Company is pleased to announce that it engaged Canaccord Genuity Corp. ("Canaccord Genuity") as financial advisor to the Company in connection with the Offering. In connection with their services provided, Canaccord Genuity received a cash commission in the amount of $10,000 and was issued 200,000 Broker Warrants. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/ZDR2FN0z">www.minnovacorp.ca</a>Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION INTO THE UNITED STATES<img src="https://orders.newsfilecorp.com/files/3654/59945_af225c1de4a399cc_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" />To view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/aJ72sy2D">https://www.newsfilecorp.com/release/59945</a><img src="https://www.newsfilecorp.com/newsinfo/59945/197" alt="" />

Minnova Corp. Announces Closing of Non-Brokered Private Placement

Corporate Update; PL Mine Drilling Program Underway, PL Mine Feasibility Study Gold Price Leverage and Option Grants

Minnova Corp. Wide Interval of High-Grade Gold Mineralization Confirmed in Hole M-20-01

Minnova Corp. Step-Out Drilling Expands High Grade at PL Mine

Toronto, Ontario--(Newsfile Corp. - November 2, 2020) - Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) ("Minnova" or the "Company"), a discovery-stage exploration and advanced development-stage gold company focused on the expansion and re-start of our 100% owned PL Gold Mine in central Manitoba is pleased to provide a corporate update on exploration and development strategy and corporate debt settlements originally announced July 9, 2020.Exploration Results and StrategyFollowing the conclusion of our PL Mine summer 2020 drill program where step out drilling confirmed the project's on-lease exploration potential with discovery of; a) new high grade mineralized structures outside of the limits of the current PL resource and reserve estimate, b) new high grade near surface mineralization and c) new Footwall Tonalite mineralized structures, we re-tasked our geological team to a property wide mapping, prospecting and sampling program.In summary the summer field program was the most extensive off lease exploration effort in over 35 years and significantly advanced our understanding of both structure and geology on the property. The mapped area covered over 4 square kilometers contiguous to the permitted mining lease extending mapping coverage a further 2km west and north west of the mining lease. The program confirmed the presence of several new structures in the footwall tonalite both in the immediate footwall to the current PL resource and reserve estimate (on lease) and along strike to the north west of the historical PL deposit and PL North structural trends (approximately N30&#176;W). These new structures will be targeted for follow-up geophysics and drilling.In addition, mapping has extended strike length of the footwall Tonalite intrusive body by over 1 kilometer (roughly a 30% increase in previous strike length) to the north and northwest. Importantly the northern contact of the footwall Tonalite appears to coincide with a northeast trending VTEM conductor. This contact is also associated with the J Showing originally identified in the summer of 2017 prospecting program (see August 14, 2017 Press Release) but no follow-up was completed at that time. The work completed this summer confirmed footwall tonalite is associated with this showing and the VTEM conductor making this a high priority target for follow-up drilling. Gorden Glenn, CEO commented, "The PL Mine Lease and surrounding property have exceptional exploration and resource expansion potential. Systematic prospecting and mapping have returned positive results to date and significantly enhanced our geologic model of the property. Future programs of drilling (resource expansion, in-fill and step-out/exploration) combined with ground geophysics will be designed to further de-risk our restart plans and expand our global resources." Development StrategyIn addition to the ongoing exploration programs we continue to review financing and development options for the restart of the PL Mine as per our positive 2017 Feasibility Study ("2017 FS", see November 1, 2017 Press Release). With current gold price well above that used in the base case 2017 FS of US$1,250/oz, we believe the PL Mine restart represents a very attractive investment opportunity, and we are reviewing our development plans with interested financial sponsors. As part of our financing discussions we are consulting with various contractors and service and equipment providers to review our 2017 FS development plans with a view to updating and optimizing our re-start plans for new equipment and innovative mining technology. Recent step out drilling results (See October 15 Press Release) could positively impact resource size and potentially the mine development schedule. For example, the current mine development schedule calls for partial dewatering of the existing portal at the south east end of the deposit followed by development of a new decline to reach high grade reserves targeted for initial stope development. Recent step out drilling results may support development of a new portal and decline at the north western end of the PL deposit, closer to the PL Mill and closer to the stopes targeted for initial development, thus reducing initial ramp and lateral development requirements. Our pre-development work program contemplates future bulk sample and underground exploration / test mining decline and portal to be initiated as early as the spring of 2021. The program is being designed to access shallow high-grade mineral reserves to extract a bulk sample to; i) update metallurgy to optimize our process flow sheet and enhance overall gold recoveries and ii) test various mechanized equipment options for safe and efficient stope development. It is anticipated that some free gold would be recovered from onsite gravity concentration, following crushing and grinding processes, and the process tails would be stock piled for future processing in the PL Mill once it is refurbished.In addition to the above pre-development planning we are also reviewing recent developments in specialized mechanized equipment/mining systems, specifically designed for steep development (e.g. ramps and stopes at 30-degree inclines). This new innovative equipment is rapidly being developed and we hope to report on its potential inclusion in an updated mine plan and its potential impact on capex and operating costs in early 2021.Gorden Glenn, CEO commented, "It is worth re-iterating to current shareholders and new investors that our 100% owned PL Mine is one of a very few "shovel ready", low capex, high-grade gold projects in an excellent jurisdiction. Furthermore, recent drilling results demonstrate the exceptional exploration and resource expansion potential AND high leverage to gold price. See our July 30, 2020 press release where we highlight the projects leverage to higher gold price versus the base. In parallel with planning for additional exploration and resource expansion programs we have initiated the process of assembling a Project Development team to oversee planning and initial development, as described above, as well as to prepare for the future full development and refurbishment plans as laid out in our 2017 FS."Debt Settlement Update The Company has received final approval from the TSXV to settle an aggregate of $123,975 in debt with arm's length and non-arm's length parties and has issued 619,875 common shares at a deemed price of $0.20 per common share. In addition the TSXV has conditionally approved the settlement of a further $476,025 in indebtedness related to the provision of management consulting services and fees for an aggregate of up to 2,380,125 common shares, also at a deemed price of $0.20 per common share, which will be issued to the Company's CEO in full or partial settlement, as the case may be, of the outstanding indebtedness. All securities issued pursuant to the Concurrent Debt Settlement will be subject to a four-month statutory hold period in accordance with applicable securities legislation. The issue of the common shares in connection with the debt settlement of management consulting services and fees remains subject to subject to receiving disinterested shareholder approval, which the Company will be seeking at the next annual and special meeting of the shareholders of the Company (scheduled from November 23rd 2020) and the approval of the TSX Venture Exchange.The Debt Settlement constitutes a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101") as various insiders of the Company received 981,112 common shares in connection with the Debt Settlement. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the common shares being issued to insiders in connection with the Debt Settlement does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Debt Settlement because the Company wanted to improve its financial position as expeditiously as possible.About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.Qualified PersonMr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/E77ZH00zN">www.minnovacorp.ca</a> and follow us on social media (twitter: <a href="https://www.newsfilecorp.com/redirect/x55ECJJB4">@MinnovaCEO</a> and Instagram: <a href="https://www.newsfilecorp.com/redirect/7OOnc77Rm">minnovacorp</a>)Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.NOT FOR DISSEMINATION INTO THE UNITED STATES.<img src="https://orders.newsfilecorp.com/files/3654/67323_4156c4bf84f16822_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" />To view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/eaajsOOKX">https://www.newsfilecorp.com/release/67323</a><img src="https://www.newsfilecorp.com/newsinfo/67323/197" alt="" />

Corporate Update on PL Mine Exploration Strategy and Pre-Development Activities

Toronto, Ontario--(Newsfile Corp. - December 29, 2020) - &#160;Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) ("Minnova" or the "Company"), is pleased to provide a year end update and outlook for 2021 as we advance the restart of the permitted, past producing PL Mine, expand current resources and continue to demonstrate exploration upside beyond the limits of the permitted mining lease. The Company made significant advances at the PL Mine in 2020 from a relatively modest work program that included a 13 hole step out drilling program and concurrent field mapping and prospecting. Highlights of the program were:<ul style="list-style-type: lower-latin;"><li>extended the strike length of the FW Tonalite, a major lithology that occurs in the footwall to the PL Deposit resource, which is currently defined over a strike length of 1.2 kilometers and is still open on strike.</li><li>identified a number of previously unmapped high angle structures in the FW Tonalite, some of which are associated with anomalous gold mineralization (surface showings).</li><li>the FW tonalite is now considered a prospective target for hosting gold mineralized structures.</li><li>the discovery of high-grade mineralization at surface on the permitted mining lease that will be targeted for infill drilling and possibly a surface bulk sample in 2021. </li><li>identified high priority targets, located along strike, off the mining lease that will be targeted for drilling in 2021.</li></ul>The culmination of this work is the development of a new geological model, that will improve our infill and step out drilling planned for current PL deposit mineralized trends and new high angle structures. 2020 program step out drilling and new drilling planned for early 2021 will be included in a resource update scheduled for mid-2021.We will continue our discussions with various contractors to optimize the 2017 Feasibility Study restart plan with updated capex and opex cost estimates. A number of contractors have already been to site or are scheduled to return to site in early 2021 as part of this initiative. With respect to project financing, we have received expressions of interest to provide requisite project finance (debt) for the restart of the PL Mine. Discussions, due diligence and financial analysis are ongoing and progress on this important initiative will be announced as it becomes material.Management and Advisory Board AdditionsAs we advance towards the restart of the PL Mine, we expect there will be changes to the management team to ensure we have the experience to execute on our restart plan. In addition, we have initiated discussions with a number of very experienced persons that could form an advisory board to assist management and board in the restart of the PL Mine. We will make announcements on these positive developments starting in early 2021.Gorden Glenn, President &#38; CEO commented, "We have been extremely busy over the past year planning and executing on various technical programs towards the restart of PL Mine but also demonstrating the resource expansion and exploration upside of the project. The project is now positioned to be shown in a different light than the historical perceptions in the marketplace. The response to our latest Crux Investor video interview (link: <a href="https://www.newsfilecorp.com/redirect/pX53CwRVP">Minnova Corp. (MCI) - Near-Term Gold Producer with Mill - YouTube</a>), which we hosted from the PL Mine site, has been extremely positive and served to highlight our significant infrastructure and distinguish Minnova and the PL Mine from our peer group. We have received positive feedback from existing shareholders, new investor's, mining contractors and experienced mining industry personnel that have expressed interest in being involved. With current gold price well above that used in the base case 2017 FS of US$1,250/oz, we believe the PL Mine restart represents a very attractive investment opportunity. Further, we strongly believe we can significantly enhance our value proposition by incorporating successful step out drilling into an updated resource estimate planned for mid 2021. This in addition to testing multiple new drill targets associated with the FW Tonalite that are extensions to known mineralized structures and/or the discovery of completely new mineralized structures. The 2021 field season PL Mine restart development initiative should be an exciting time for Minnova and our stakeholders."Debt SettlementFurther to its press release of November 2, 2020, the Company has received approval from its shareholders and the TSX Venture Exchange with respect to the settlement of debt with a non-arm's length creditor of the Company. The Company settled an aggregate of $476,025 of indebtedness through the issuance of 2,380,125 at a price of $0.20 per common share (the "Common Shares") in the capital of the Company (the "Debt Settlement"). The Common Shares issued pursuant to the Debt Settlement are subject to a four-month hold period, expiring on, April 30, 2021. The Debt Settlement constituted a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as the Creditor is an entity beneficially owned and controlled by an insider of the Company, which acquired the 2,380,125 Common Shares. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and surface exploration work programs have and will continue to target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.Qualified PersonMr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>.Visit our website at <a href="https://www.newsfilecorp.com/redirect/bYXpUr35g">www.minnovacorp.ca</a> and follow us on social media (twitter: <a href="https://www.newsfilecorp.com/redirect/3mODha3Rr">@MinnovaCEO</a> and Instagram: <a href="https://www.newsfilecorp.com/redirect/NrbDiqyGP">minnovacorp</a>).Forward-Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.NOT FOR DISSEMINATION INTO THE UNITED STATESTo view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/XkbmCeg3P">https://www.newsfilecorp.com/release/71131</a><img src="https://www.newsfilecorp.com/newsinfo/71131/197" alt="" />

Corporate Update 2021 Pl Mine Restart Outlook and Debt Settlement

Toronto, Ontario--(Newsfile Corp. - January 7, 2021) - Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) ("Minnova" or the "Company"), a discovery-stage exploration and gold mine development company, is pleased to announce today a non-brokered private placement financing to raise gross proceeds of up to $1,000,000 (the "Offering") through the issuance of up to 1,200,000 common share units (each, a "Unit") at a price of $0.25 per Unit for aggregate gross proceeds of up to $300,000 and up to 2,187,500 flow-through units (each, a "Flow-Through Unit") at a price of $0.32 per Flow-Through Unit for aggregate gross proceeds of up to $700,000. Each Unit will consist of one common share of the Company (each, a "Common Share") issued on a non flow-through basis and one Common Share purchase warrant (each, a "Warrant"). Each whole Warrant shall entitle the holder to purchase one Common Share at an exercise price of $0.35 for 24 months from the closing date of the Offering. The Warrants are callable at any time, following the customary hold period and prior to the expiry of the Warrants, if the daily volume weighted average trading price of the Company's common shares on the TSX Venture Exchange is greater than $0.55 for more than 20 consecutive trading days. Each Flow-Through Unit will consist of one common share of the Company (each, a "Common Share") issued on a flow-through basis and one-half of a Common Share purchase warrant (each, a "Warrant"). Each whole Warrant shall entitle the holder to purchase one Common Share at an exercise price of $0.35 for 24 months from the closing date of the Offering. The Warrants are callable at any time, following the customary hold period and prior to the expiry of the Warrants, if the daily volume weighted average trading price of the Company's common shares on the TSX Venture Exchange is greater than $0.55 for more than 20 consecutive trading days.The closing of the Offering is expected to occur on or about January 21, 2021 and is subject to the completion of formal documentation, including but not limited to receipt of regulatory approvals, including approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering.Gorden Glenn, CEO, commented, "Proceeds from this financing will enable the company to aggressively advance the project with additional step-out and in-fill drilling that will support an updated resource estimate targeted for late Q2 2021. Step out drilling will target the PL North mineralized structures (PLN). This target is located outside the limits of the current PL deposit resource. Recent drilling has identified a number of high-grade gold mineralized structures at relatively shallow depths. The PLN target area is located just 300 m west of the 1000 tpd mill. Considering the shallow depths and proximal location, relative to the mill, the PLN target will be prioritized for drilling as it could materially impact the resource and future mine development plan. We also plan to make our first hires for our development and operations team and initiate various optimization studies which will include test mining and bulk sampling programs. I would remind investors that the PL Mine has considerable gold price leverage based on the positive 2017 Feasibility Study ("2017 FS") which was completed at gold price of US$1,250 per ounce (see (see discussion on PL Mine Feasibility Financial Analysis and Sensitivities and Table 1 below). It also has a relatively low capex and is permitted to resume production under Environment Act License 1207E. While the current positive gold price outlook combined with potential for near term production are key elements of our value proposition, we believe we can add significant additional value by demonstrating the resource expansion and exploration potential of the property." PL Mine Feasibility Financial Analysis and SensitivitiesSince the beginning of 2020, the Gold price has increased steady, with a recent price over US$1,900/oz. This is well above the base case financial analysis from the 2017 FS, which used a gold price of US$1,250/oz, to yield a pre-tax NPV5% of $55.9 million and IRR of 65% and an after-tax NPV5% of $36.7 million with an IRR of 53%. The results of the sensitivity analysis for the Base Case indicate that the project is sensitive to changes in gold price. For example, in Table 1 below, one can see the impact of an increase in gold price, to US$1,875 per ounce (approximately 50% higher than the 2017 FS) on the project's after-tax NPV5%. In the case of the PL Mine re-start, a 50% increase in gold price could potentially increase the project NPV5% from the base case of $36.70 million to $185.62 million, a potential increase of over 400%.Table 1: Results of Gold Price Sensitivity Analysis of the Base Case (2017 Feasibility Study)<table style="border-collapse: collapse; border: 1px solid #000000; width: 100%;" cellspacing="0" cellpadding="3" border="0"><tbody><tr><td rowspan="3" style="border-top: 1px solid #000000; border-left: 1px solid #000000; border-image: none 100% / 1 / 0 stretch;"> </td><td colspan="8" style="border-top: 1px solid #000000; border-right: 1px solid #000000; border-image: none 100% / 1 / 0 stretch;" align="center">After-Tax NPV5%</td></tr><tr><td colspan="8" style="border-right: 1px solid #000000; border-image: none 100% / 1 / 0 stretch;" align="center">Variation of Parameter Relative to Feasibility Study Base Case </td></tr><tr><td colspan="8" style="border-right: 1px solid #000000; border-bottom: 1px solid #000000; border-image: none 100% / 1 / 0 stretch;" align="center">(Base Case Gold Price - US$1,250 per oz = 0%)</td></tr><tr><td style="border-right: 1px solid #000000; border-left: 1px solid #000000; border-image: none 100% / 1 / 0 stretch;">Gold Price (US$/oz)</td><td style="border: 1px solid #000000;" align="center">$1,125</td><td style="border: 1px solid #000000;" align="center">$1,250</td><td style="border: 1px solid #000000;" align="center">$1,375</td><td style="border: 1px solid #000000;" align="center">$1,500</td><td style="border: 1px solid #000000;" align="center">$1,625</td><td style="border: 1px solid #000000;" align="center">$1,750</td><td style="border: 1px solid #000000;" align="center">$1,875</td><td style="border: 1px solid #000000;" align="center">$2,000</td></tr><tr><td style="border-right: 1px solid #000000; border-left: 1px solid #000000; border-image: none 100% / 1 / 0 stretch;">% change</td><td style="border: 1px solid #000000;" align="center">-10%</td><td style="border: 1px solid #000000;" align="center">0%</td><td style="border: 1px solid #000000;" align="center">10%</td><td style="border: 1px solid #000000;" align="center">20%</td><td style="border: 1px solid #000000;" align="center">30%</td><td style="border: 1px solid #000000;" align="center">40%</td><td style="border: 1px solid #000000;" align="center">50%</td><td style="border: 1px solid #000000;" align="center">60%</td></tr><tr><td style="border-right: 1px solid #000000; border-left: 1px solid #000000; border-image: none 100% / 1 / 0 stretch;">ATNPV5% (C$M)</td><td style="border: 1px solid #000000;" align="center">$6.21</td><td style="border: 1px solid #000000;" align="center">$36.70</td><td style="border: 1px solid #000000;" align="center">$66.49</td><td style="border: 1px solid #000000;" align="center">$96.28</td><td style="border: 1px solid #000000;" align="center">$126.06</td><td style="border: 1px solid #000000;" align="center">$155.84</td><td style="border: 1px solid #000000;" align="center">$185.62</td><td style="border: 1px solid #000000;" align="center">$215.38</td></tr><tr><td style="border-right: 1px solid #000000; border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-image: none 100% / 1 / 0 stretch;">IRR %</td><td style="border: 1px solid #000000;" align="center">16%</td><td style="border: 1px solid #000000;" align="center">53%</td><td style="border: 1px solid #000000;" align="center">82%</td><td style="border: 1px solid #000000;" align="center">109%</td><td style="border: 1px solid #000000;" align="center">135%</td><td style="border: 1px solid #000000;" align="center">160%</td><td style="border: 1px solid #000000;" align="center">184%</td><td style="border: 1px solid #000000;" align="center">209%</td></tr></tbody></table>&#160;Readers are cautioned that the above sensitivity analysis only considers a single change in a variable (i.e. the change in price of gold) and does not consider any changes in other variables that may have occurred since the completion of the 2017 FS.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.Qualified PersonMr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/k7bnc50vo">www.minnovacorp.ca</a>Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION INTO THE UNITED STATESTo view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/BqraSMGOG">https://www.newsfilecorp.com/release/71611</a><img src="https://www.newsfilecorp.com/newsinfo/71611/197" alt="" />

Minnova Corp. Announces Non-Brokered Private Placement of up to $1,000,000

Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) ("Minnova" or the "Company"), is pleased to announce that the Company has commenced drilling at the PL Mine as one part of our 2021 restart programs'. The initial 2021 drill program contemplates 2,500 meters of drilling at the PL North target, located on the permitted mining lease, but outside of the current mineral resource and reserve estimates. The purpose of the program is to expand current resources, particularly at shallow depths (surface to &#60;150m) and continue to demonstrate exploration upside at the PL Mine site. This program follows on the success of the summer 2020 drilling program and will support an updated NI 43-101 resource estimate by June 2021.Results of the program will also be used to update and potentially modify or optimize The Company's mine development approach. If the Company can define a near surface resource, it may be considered for a future bulk sample for metallurgical test work. Test work that would include updated gravity, flotational and Merrill-Crowe recovery techniques. The Company is also considering ore sorting test work to confirm that the deposits mineralogy and other rock characteristics are amenable to this new technology. Gorden Glenn, President &#38; CEO commented, "We have been busy preparing for the winter program since last fall and I'm very pleased to report our initial results in real time from the PL Mine site. We have completed the first hole of the program (M-21-068) to a target depth of 152 meters. We encountered all mineralized structures at targeted depths. The core is being logged, RQD'd and sampled as I write this from the PL Mine site. I would encourage our shareholders and investors to watch our progress in future material press releases and onsite activities which are regularly uploaded to twitter (<a href="https://www.newsfilecorp.com/redirect/QB3MF8BWx">@minnovaCEO</a>) and Instagram (<a href="https://www.newsfilecorp.com/redirect/LJZ1cJwPX">https://www.instagram.com/minnovacorp/)</a>."About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and surface exploration work programs have and will continue to target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.Qualified PersonMr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="https://www.newsfilecorp.com/redirect/krons58oM">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/B1yasMryv">www.minnovacorp.ca</a> and follow us on social media (twitter: @MinnovaCEO and Instagram: minnovacorp)Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION INTO THE UNITED STATES<img src="https://orders.newsfilecorp.com/files/3654/72623_bd87c77254316adc_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" />To view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/5YyxfQeZj">https://www.newsfilecorp.com/release/72623</a><img src="https://www.newsfilecorp.com/newsinfo/72623/197" alt="" />

Minnova Announces Start of 2021 Drilling Program at PL Mine Site

Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - &#160;Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) "Minnova" or the "Company") announces that further to its press release of January 7, 2021, the Company has closed the hard dollar portion of its previously announced non-brokered private placement, through the issuance of 1,200,000 units (each, a "Unit") at a price of $0.25 per Unit for gross proceeds of $300,000 (the "Offering"). Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common at a price of CDN$0.35 per Common Share until January 25, 2023 (the "Warrant Term") provided, that in the event the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.55 for 20 consecutive trading days at any time following May 26, 2021, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.In connection with the Offering, the Company paid certain eligible persons (each, a "Finder"): (i) a cash commission in the aggregate of $8,232; and (ii) an aggregate of 32,928 broker warrants (each, a "Broker Warrant"). Each Broker Warrant is exercisable into Common Shares at a price of $0.35 per Common Share unit January 25, 2023. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and surface exploration work programs have and will continue to target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/MGgKSNvn1">www.minnovacorp.ca</a> and follow us on social media (twitter: @MinnovaCEO and Instagram: minnovacorp)Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION INTO THE UNITED STATESTo view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/bxL4irgjW">https://www.newsfilecorp.com/release/72787</a><img src="https://www.newsfilecorp.com/newsinfo/72787/197" alt="" />

Minnova Announces Closing of Non-Brokered Private Placement

Toronto, Ontario--(Newsfile Corp. - February 3, 2021) - Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) ("Minnova" or the "Company"), a discovery-stage exploration and advanced development-stage gold company focused on the expansion and restart of our 100% owned PL Gold Mine in central Manitoba is pleased to initial assay results from its 2021 PL Mine on-lease exploration and resource expansion drilling program.Highlighted intercepts include:9.10 g/t over 0.71 m 7.67 g/t over 0.78 m 27.44 g/t over 0.95 m 4.87 g/t over 1.00 m The 2021 drilling program follows on the success of the Summer 2020 program and continues to demonstrate the exploration and resource expansion potential of the PL Mine property. Hole M-21-069 is located outside the November 2017 mineral resource and reserve estimate resource wireframes (see news release dated November 1, 2017). Initial results from hole M-20-069 confirm high gold grades on new FW Tonalite mineralized trends initially identified in the Summer 2020 drill program. All mineralized structures in the FW Tonalite remain open on strike and down dip.Gorden Glenn, President and CEO, commented, "Initial results from the 2021 drilling continue to demonstrate the exploration upside and resource expansion potential at the PL Mine. These results confirm the lateral and down dip continuity of new mineralized structures in the PL North target area and specially highlight the developing continuity of mineralized structures in the FW Tonalite. Drilling is ongoing and all results will used to update our reserve and resource estimates in support of an updated mine development plan." Table 1: Selected Assay Results (&#62;2.00gpt) from the 2021 PL Mine Drill Program<table style="width: 100%; border-collapse: collapse; border: 1px solid #000000;" cellspacing="0" cellpadding="3" border="0"><tbody><tr><td style="border: 1px solid #000000;">Hole </td><td style="border: 1px solid #000000; width: 13%;">Location </td><td style="border: 1px solid #000000; width: 13%;">Sample Type</td><td style="border: 1px solid #000000; width: 13%;">From (m) </td><td style="border: 1px solid #000000; width: 13%;">To (m) </td><td style="border: 1px solid #000000; width: 13%;">Length(m) </td><td style="border: 1px solid #000000; width: 13%;">Au gpt </td></tr><tr><td style="border: 1px solid #000000;">M-21-069</td><td style="border: 1px solid #000000; width: 13%;">373006E/6100972N</td><td style="border: 1px solid #000000; width: 13%;" align="center">Half-split</td><td style="border: 1px solid #000000; width: 13%;">16.50</td><td style="border: 1px solid #000000; width: 13%;">17.00</td><td style="border: 1px solid #000000; width: 13%;">0.50</td><td style="border: 1px solid #000000; width: 13%;">2.33</td></tr><tr><td style="border: 1px solid #000000;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;" align="center">Half-split</td><td style="border: 1px solid #000000; width: 13%;">80.50</td><td style="border: 1px solid #000000; width: 13%;">81.26</td><td style="border: 1px solid #000000; width: 13%;">0.76</td><td style="border: 1px solid #000000; width: 13%;">2.59</td></tr><tr><td style="border: 1px solid #000000;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;" align="center">Half-split</td><td style="border: 1px solid #000000; width: 13%;">81.26</td><td style="border: 1px solid #000000; width: 13%;">81.97</td><td style="border: 1px solid #000000; width: 13%;">0.71</td><td style="border: 1px solid #000000; width: 13%;">9.10</td></tr><tr><td style="border: 1px solid #000000;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;" align="center">Half-split</td><td style="border: 1px solid #000000; width: 13%;">81.97</td><td style="border: 1px solid #000000; width: 13%;">82.75</td><td style="border: 1px solid #000000; width: 13%;">0.78</td><td style="border: 1px solid #000000; width: 13%;">7.67</td></tr><tr><td style="border: 1px solid #000000;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;" align="center">Half-split</td><td style="border: 1px solid #000000; width: 13%;">108.90</td><td style="border: 1px solid #000000; width: 13%;">109.85</td><td style="border: 1px solid #000000; width: 13%;">0.95</td><td style="border: 1px solid #000000; width: 13%;">27.44</td></tr><tr><td style="border: 1px solid #000000;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;" align="center">Half-split</td><td style="border: 1px solid #000000; width: 13%;">139.00</td><td style="border: 1px solid #000000; width: 13%;">140.00</td><td style="border: 1px solid #000000; width: 13%;">1.00</td><td style="border: 1px solid #000000; width: 13%;">4.87</td></tr><tr><td style="border: 1px solid #000000;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td><td style="border: 1px solid #000000; width: 13%;"> </td></tr></tbody></table>&#160;QA/QCAll samples were sawn and separated with one half being returned to the core box for reference and the other being bagged in a plastic sample bag which was labeled, tagged, documented and sealed. All core samples were placed in labelled rice sacks and sealed with a security zip-tie. Samples were delivered to TSL Laboratories Inc. in Saskatoon, Saskatchewan. Receipt of the samples was signed off at the preparation lab and was tracked by the Company. Pulps of each sample were prepared and followed by fire assay and gravimetric analysis, if required. A QA/QC program including the regular insertion by the Company of duplicates, blanks and standards was instituted.Sample lengths varied according to geology and mineralization with quartz veins regularly sampled.About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.Qualified PersonMr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/xX7YfJzGy">www.minnovacorp.ca</a>Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION INTO THE UNITED STATESTo view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/7mQpi70nj">https://www.newsfilecorp.com/release/73600</a><img src="https://www.newsfilecorp.com/newsinfo/73600/197" alt="" />

Minnova Corp. 2021 Step-out Drilling Confirms High-Grade Mineralization in FW Tonalite at PL Mine

Toronto, Ontario--(Newsfile Corp. - February 4, 2021) - &#160;Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) "Minnova" or the "Company") announces that further to its press release of January 7, 2021, the Company has closed the flow-through portion of its previously announced non-brokered private placement, through the issuance of 2,187,500 flow-through units (each, a "FT Unit") at a price of $0.32 per FT Unit for gross proceeds of $700,000 (the "Offering"). Each FT Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common at a price of CDN$0.35 per Common Share until February 4, 2023 (the "Warrant Term") provided, that in the event the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.55 for 20 consecutive trading days at any time following June 5, 2021, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.In connection with the Offering, the Company paid certain eligible persons (each, a "Finder"): (i) a cash commission in the aggregate of $1,200; and (ii) an aggregate of 3,750 broker warrants (each, a "Broker Warrant"). Each Broker Warrant is exercisable into Common Shares at a price of $0.35 per Common Share unit February 4, 2023. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.In connection with the Offering, a subscriber (the "Subscriber") entered into share loan and pledge agreements with a certain existing shareholder of the Company's (the "Lender"), pursuant to which the Lender loaned to the Subscriber an aggregate of 285,000 Common Shares without resale restriction. As collateral, the Subscriber pledged to the Lender an equal number of Common Shares purchased pursuant to the closing of the Offering.About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and surface exploration work programs have and will continue to target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/q7pEtQw85">www.minnovacorp.ca</a> and follow us on social media (twitter: @MinnovaCEO and Instagram: minnovacorp)Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION INTO THE UNITED STATESTo view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/nKoRf7kZ1">https://www.newsfilecorp.com/release/73710</a><img src="https://www.newsfilecorp.com/newsinfo/73710/197" alt="" />

Minnova Corp. - Corporate Update on Our PL Mine Restart Plan, Additional 2021 Assay Results, Issuance of Broker Warrants in Connection with Non-Brokered Offering and Option Grant

Toronto, Ontario--(Newsfile Corp. - April 20, 2021) - Minnova Corp. (TSXV:<a class="ticker" href="/stock/MCI#TSXV">MCI</a>) (OTC:<a class="ticker" href="/stock/AGRDF#OTC">AGRDF</a>) ("Minnova" or the "Company"), a discovery-stage exploration and advanced development-stage gold company focused on the expansion and restart of our 100% owned PL Gold Mine in central Manitoba is pleased to announce recent exploration developments, current and planned on site activities.Visible Gold Intersected in Step-Out DrillingTargeted deep drilling on the down dip/on strike extension to earlier positive drill results from the Company's Spring 2021 drill campaign have intersected visible gold in hole M-21-048x at a depth of 208 m. Visible gold mineralization is described as coarse, 1mm to 3mm grains at the margins of a 30.0 cm wide quartz vein (see Photo 1). The success of this intercept is a result of a detailed re-interpretation of historic drilling along with more recent shallow drilling on the PL North mineralized structures. From this work it was determined that a previous Minnova wildcat hole testing a shallow airborne EM conductor may have been shut down short of the projected down dip extension of the PL North mineralized structures. The successful re-entry of M-21-048x affirms a predictable model for gold mineralization based on continued structural analysis of the deposit. Iterations of this model are being used for deposit development and regional scale exploration.<a href="https://orders.newsfilecorp.com/files/3654/81026_img1.jpg"><img style="border-width: 0px;" src="https://orders.newsfilecorp.com/files/3654/81026_img1_550.jpg" alt="Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3654/81026_img1_550.jpg" /></a> Photo 1: Visible Gold in Quartz Vein To view an enhanced version of this graphic, please visit: <a href="https://orders.newsfilecorp.com/files/3654/81026_img1.jpg">https://orders.newsfilecorp.com/files/3654/81026_img1.jpg</a>Visible Gold was logged along the margins the quartz vein is located within a broader high-strain structure measuring 1.0 meters at the target depth. This structure is interpreted to be the down dip extension of the PL North Upper Zone. M-21-048x is located approximately 350 meters northwest of the PL mill and over 500 meters beyond the limits of the 2017 PL Deposit resource model. This mineralized intercept demonstrates that the deposit is open for expansion along strike and down-dip beneath the permitted 1,000 tpd PL mill (see Figure 1 Location Map).<a rel="nofollow" href="https://orders.newsfilecorp.com/files/3654/81026_b99e7d97f4414bf3_003full.jpg"><img src="https://orders.newsfilecorp.com/files/3654/81026_b99e7d97f4414bf3_003.jpg" style="border-width: 0px;" alt="Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3654/81026_b99e7d97f4414bf3_003.jpg" /></a> Figure 1: Location Map of DDH M-21-048xTo view an enhanced version of this graphic, please visit: <a rel="nofollow" href="https://orders.newsfilecorp.com/files/3654/81026_b99e7d97f4414bf3_003full.jpg">https://orders.newsfilecorp.com/files/3654/81026_b99e7d97f4414bf3_003full.jpg</a>Gorden Glenn, President &#38; CEO, commented: "We are very excited to announce this intercept of visible gold. It confirms our structural model that the mineralized PL North structures extend to significant depth along strike to the northwest. This intercept is the result of thorough structural analysis by our exploration team. This discovery is also significant as it is located well outside the currently defined PL Deposit reserves and resources (see Note 1) and demonstrates the significant potential for resource expansion and brown-fields exploration of the PL Project.In fact, it is the most significant and farthest step-out drill hole in the history of the property. It gives credence to the potential for additional gold deposits in the greater PL Project region. We intend to aggressively follow up these results with further diamond drilling at depth and along strike."PL Mine Phase-1 Restart UpdateIn addition to exploration upside evidenced by above noted discovery of visible gold in step-out drilling the Company is confident that the current development options being studied will also deliver significant shareholder value. The Company is actively planning for an optimized Phase-1 Restart of the PL Mine to capitalize on current high gold price and positive gold price outlook. Our efforts are focused on development strategies that minimize; both risk, and initial capital costs to optimize near term and long term mine developments and operational plans to maximize metallurgical recoveries.A key variance to the initial development strategy from the 2017 Feasibility Study is the development of a new northern portal and decline to access the PL deposit. Benefits to this development approach include:<ul style="list-style-type: disc;"><li>much earlier access to high grade reserves and resources potentially shorting time to first production</li><li>reduced initial underground development requirements </li><li>increased development options for initial test mining techniques that focus on selective mining to minimizing dilution without compromising overall resource extraction</li><li>optimal location for new underground access as resource appears to extend to the northwest</li><li>underground mine access closer to the mill to reduce ore haul travel distance on surface</li></ul>Included in our revised mine development plan is the opportunity to initiate an on-site bulk sample of mined material provided by the test mining program. On-site testing is envisioned to include basic crushing, milling, and processing via modern gravity recovery equipment. This testing will contribute to updated metallurgical recoveries using modern gravity concentration technology and potentially allow free gold to be recovered during the early test mining phase. Tailings from the gravity process test work will be a) stockpiled for future on-site flotation processing following the restart of PL mill and b) sent offsite for additional floatation circuit recovery testing. Previous metallurgical studies estimated over 50% of gold recovery by gravity concentration using spirals, jigs and a shaker table, technology prevalent at that time.The company is optimistic the revised mine development plan and onsite bulk sample test work will result in streamlined processes that lead to significant cost savings and improve overall gold recovery. The PL Mine is located in a mining friendly jurisdiction with access to a highly skilled local workforce. The Company believes the PL Mine can make a significant contribution to regional economic development and future investment in the historic Flin Flon, MB mining district. Minnova will provide further progress updates as internal studies and site work advances during the summer of 2021 and over the remainder of the year.Notes 1: Nokomis NI 43-101 mineral resource estimate was prepared by Leon McGarry, B.Sc., P.Geo., of CSA Global Pty Ltd., and is contained in the Technical Report entitled Feasibility Study, PL Gold Project, Manitoba, Canada filed on SEDAR on May 4, 2018.About Minnova Corp.Minnova Corp. is an emerging Canadian gold producer focused on restarting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of restarting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba.Qualified PersonMr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.For more information please contact:Minnova Corp. Gorden Glenn President &#38; Chief Executive OfficerFor further information, please contact Investor Relations at 647-985-2785 or <a href="mailto:info@minnovacorp.ca">info@minnovacorp.ca</a>Visit our website at <a href="https://www.newsfilecorp.com/redirect/x8LvIJpGa">www.minnovacorp.ca</a>Forward Looking StatementsThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.NOT FOR DISSEMINATION INTO THE UNITED STATES.<img src="https://orders.newsfilecorp.com/files/3654/81026_b99e7d97f4414bf3_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" />To view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/redirect/7GRyc7rnL">https://www.newsfilecorp.com/release/81026</a><img src="https://www.newsfilecorp.com/newsinfo/81026/197" alt="" />

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