Stuhini to change name to Eranova Jan. 19

Executive Summary

• Stuhini Exploration Ltd. officially changes its name to Eranova Metals Inc., effective January 19, 2026, to reflect a broader strategy focused on unlocking value from its multimetal asset base at the Ruby Creek project.
• The rebrand aligns with a dual-path strategy involving the development of a large molybdenum deposit and the discovery of high-grade silver and copper-gold targets.
• Shares will begin trading on the TSX Venture Exchange under the new ticker symbol "NOVA" with no change to share capital or shareholder rights.

Key Details

• Corporate Change: Name changed from Stuhini Exploration Ltd. to Eranova Metals Inc.
• Effective Date: January 19, 2026.
• Trading Details:
  • New Ticker Symbol: NOVA (TSX Venture Exchange).
  • New CUSIP: 29478G106.
  • New ISIN: CA29478G1063.
  • No consolidation or change in share capital; existing share certificates remain valid.
• Strategic Focus: Advancing exploration and development across the Ruby Creek project (29,734-hectare land package).
• Development Path (Molybdenum):
  • Progressing internal economic studies on a measured and indicated 433-million-pound molybdenum deposit.
  • Assumptions: $15 (U.S.) per pound molybdenum prices and a 0.02-per-cent cut-off grade.
  • Conceptual-level work conducted by Tetra Tech to evaluate development scenarios.
  • Based on over 74,000 metres of historical drilling and a 2006 feasibility study.
• Discovery Path (Silver & Copper-Gold):
  • Silver Surprise Zone: 2025 mini-bulk sample returned 4,200 grams per tonne silver with 95-per-cent silver recovery confirmed through direct smelting.
  • Ruffner Target: Newly identified copper-gold porphyry target near the historic Ruffner silver mine.
  • Assay Results: Outcrop and float samples up to 8.1 per cent copper and 36.8 grams per tonne gold.
  • Geophysical evidence indicates a large mineralized footprint.
• Management Quote: Meredith Eades, President and CEO, stated the name represents a "new era" embracing a "more expansive, multimetal growth trajectory."

Notable Quotes

• "The name Eranova Metals represents a new era for the company -- one that builds on our strong foundation while embracing a more expansive, multimetal growth trajectory," said Meredith Eades, president and chief executive officer.
• "With the molybdenum deposit advancing toward economic studies, high-grade silver with demonstrated recoveries and newly identified copper-gold targets, we're excited to move forward under a name that better reflects our vision and ambition."