Lux Metals investor OVI Mining acquires 15.12M shares

Mr. Jean-Felix Lepage of OVI Mining reports OVI MINING CORP. FILES EARLY WARNING REPORT FOR LUX METALS CORP OVI Mining Corp. (formerly La Pulga Mining Corp.), on Feb. 6, 2026, acquired 15,125,477 common shares of Lux Metals Corp. at a deemed price of 20 cents per common share. The shares were acquired in the context of the exercised by Lux of its option to acquire a 100-per-cent interest in the La Grande project pursuant to the terms of an option agreement entered into between the company and Lux on Nov. 10, 2025. Immediately prior to the transaction, OVI did not own or control, directly or indirectly, any common shares or other securities of Lux. Immediately following completion of the transaction, OVI owns and controls 15,125,477 common shares of Lux, representing approximately 19.9 per cent of the issued and outstanding common shares of Lux on a non-diluted basis. An early warning report in respect of Lux will be filed by OVI with applicable Canadian securities regulatory authorities and will be available on SEDAR+ under Lux's issuer profile. To obtain a copy of the early warning report, please contact Jean-Felix Lepage by telephone at 438-454-5636 or by e-mail at [email protected]. The securities were acquired by OVI in the context of the business transaction contemplated by the option agreement and for investment purposes. OVI may, from time to time and at any time, acquire additional common shares, or other equity, debt, or other securities or instruments of Lux, in the open market or otherwise, or dispose of any such securities, depending on market conditions, the business and prospects of Lux, and other relevant factors. About OVI Mining Inc. OVI Mining is the new name for La Pulga Mining, a privately owned exploration-stage company principally engaged in the acquisition, exploration and development of mineral properties in North America. With 100-per-cent ownership of the Corvet Est and Plex properties, OVI combines modern exploration with a commitment to responsible development and strong local partnerships. The company is advancing its projects toward drill-ready status and plans to seek a listing on the TSX Venture Exchange. We seek Safe Harbor.