Auranova Resources Inc. (TSX-V: AURA) is pleased to announce that, further to its press release of September 23, 2026, the Company has closed its non-brokered private placement through the issuance of 2,804,334 common shares in the capital of the Company issued on a flow-through basis at a price of $0.30 per FT Share and 11,340,000 units of the Company issued on a hard-dollar basis at a price of $0.25 per Unit, for aggregate gross proceeds of $3,676,300.20.

Each Unit shall be comprised of one common share in the capital of the Company and one-half of one Common Share purchase warrant of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.50 per Common Share for a period of one (1) year from the closing of the Offering.

In connection with the closing of the Offering, the Company paid certain eligible persons a cash commission in the amount of $157,338.01.

All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of 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. The net proceeds from the sale of the Units will be used for general working capital purposes and the gross proceeds from the Offering will be used by the Company to incur eligible “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada), that qualify as “flow-through mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada) and as “eligible Ontario exploration expenditures” within the meaning of the Taxation Act (Ontario). The Qualifying Expenses will be renounced in favour of the subscribers with an effective date no later than December 31, 2026.

The Offering constituted a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions as insiders of the Company subscribed for an aggregate of 680,000 FT Shares and 2,000,000 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company 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 of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

This news release does not constitute an offer to sell or a solicitation of an offer to sell 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 or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Auranova Resources

Auranova Resources Inc. (TSX-V: AURA) is an explorer of precious metal projects in the highly prospective Red Lake region of Ontario. The Company is focused on the discovery of new gold systems in the Birch Uchi Belt in partnership with Kenorland Minerals Ltd., as well as expanding its presence in the greenstone belts of Ontario.