Minnova Corp. announced recent exploration results that have identified potential for Lithium-Cesium-Tantalum (LCT) pegmatites at the PL Mine. The increasing demand for lithium and other critical minerals prompted a review of all technical records at the PL mine (drill logs, core, maps and other technical survey data accumulated since the PL Mine was developed since 1980).

First pass query of the PL Mine project development database returned over 200 pegmatite intercepts ranging in width from 0.1 meters to over 19.0 meters. Pegmatite dykes have also been reported during surface geological mapping programs well beyond the limits of the PL deposit drill hole database. Despite a very high concentration of pegmatite dykes near the gold bearing shear zones that host the PL Mine gold resource there is no record of sampling or studies by the company or government to assess lithium or other rare element potential at the PL mine site or surrounding area.

All previous exploration, development and operations have focused on delineating and expanding the gold mineralized structures that host the PL Mine resource and exploration for additional gold mineralized structures. The Company conducted a literature review on LCT pegmatite depositional models which supported an initial program of relogging and sampling of a selection of pegmatite intercepts from the drillhole database. A total of 15 lithogeochem samples were collected and submitted to SRC Geoanalytical Laboratories.

Geochemical results were encouraging returning up to 24 ppm Lithium in core samples while relogging identified two distinct pegmatite mineral assemblages; 1) coarse grained, white grey, albite dominant with quartz and well-defined mineral and grain size zonation, and; 2) coarse grained, pink potassium feldspar dominant with little to no zonation. The white-grey, albite rich pegmatites consistently reported higher lithium content. Manitoba is well known for its lithium potential and hosts the world class Tanco LCT pegmatite deposit in southeast Manitoba and the Wekusko Lake pegmatite field located less than 100km southeast of the PL Mine near Snow Lake, Manitoba.

The Wekusko Lake pegmatite field is hosted in mixed Missi Group clastic sedimentary and Missi Group mafic volcanic rocks, the same stratigraphic assemblages that host the PL Mine pegmatites. Both project areas exhibit complex polyphase structural histories (i.e., folding, faulting, and metamorphism) and occur in the Paleoproterozoic Trans-Hudson orogen. LCT pegmatites are typically associated with specific rock formations, so identifying favourable host rocks is an important aspect of selecting high- priority exploration targets around the PL mine.