Minnova Corp. provided and updated on restart plan, latest assay results and positive implications for resource expansion potential. PL Mine Restart Work Programs: Planning has been comprehensive and is ongoing in parallel to finance discussions in support of the restart of the PL Gold Mine. The PL Mine is permitted for quick restart and are advancing discussions with qualified contractors and service providers including: Mine restart upcoming/planned work programs: Surface bulk sample, Ore sorting characterization study and follow-on test work, Updated metallurgical test work with focus on gravity concentration recovery, Completion of grid power connection, Water treatment design and implementation, Paste back fill design and implementation, New northern portal and decline plan, design and implementation, Camp expansion and upgrades, Detailed engineering, Equipment considerations and selection, Contract mining, and Personnel/labour additions. As the company move forward with above programs it is important for shareholders to understand and appreciate that the 2017 Feasibility Study ("2017 FS") outlined what management and board view as the Phase 1 ("P-1") restart plan was completed using a base case gold price of USD 1,250 per ounce in support of an initial 5 year mine life, processing up to 600 t/d, producing an average of 46,000 ounces of gold annually at all-in sustaining costs of USD 948 per oz. Initial mine restart and site refurbishment capital cost was estimated at CAD 35.4 million. The P-1 mine restart plan has considerable leverage to current higher gold price, in support of efforts to restart mining operations. Free cash flow generated by the P-1 restart plan will enable the company to internally fund Phase 2 ("P-2") program to extend the mine life through an aggressive resource expansion, production expansion and exploration programs. In advance of the P-2 program the Company plans to initiate the permitting process for the satellite Nokomis deposit. Initial work would include an archaeological study and environmental data collection. Nokomis hosts a shallow open pit Indicated resource of 371,000 tonnes at a grade of 3.41 g/t gold (40,700 ounces contained gold) and an open pit Inferred resource of 247,000 tonnes at a grade of 2.41 g/t gold (19,100 ounces contained gold). The potential to development of Nokomis as a satellite mining operation offers additional near-term resource and production expansion if it can be successfully permitted and developed. The PL Mine site is permitted under Environment Act 1207E, which allows for relatively quick restart of mining operations via the exiting portal and decline located at the southern end of the deposit. Processing would be caried out on site at the existing permitted 1000 tpd mill. Project Finance Update: Minnova continues to advance project finance discussions with various groups in preparation for the restart of the PL Gold Mine. Discussions include project debt and equity financing alternatives. At current gold price the project is robust and fully supports a go it alone funding strategy with attractive payback and loan repayment characteristics. Management and board are fully aware of the challenges faced by smaller, single mine operators and are considering all options in support of maximizing the value proposition that the PL Mine represents to shareholders. As such it is also considering M&A or other alternative financing structures that would provide the funding requirements to fully fund the P-1 restart plan as detailed in the 2017 Feasibility Study, subject to alterations based on recent positive drill results. Additional Assay Results: In addition to positive initiatives with respect to project development and funding the company announced latest assay results from the ongoing 2021 drilling program. All results are from the PL North Target area, which lies outside the existing 2017 resource and reserve estimate and is the northwest extension of the main PL deposit trend. Upper and Lower Zone structures were intersected in all holes and returned positive results including high grade, near surface and deeper gold mineralization.