Auranova and Kenorland hit intrusion-related gold at South Uchi, Ontario

Vancouver, British Columbia--(Newsfile Corp. - June 17, 2026) - Auranova Resources Inc. (TSXV: AURA) ("Auranova" or the "Company") and Kenorland Minerals Ltd. ( "Kenorland" ) are pleased to announce complete assay results from the 2026 spring (phase 3) diamond drill program at the South Uchi Project (the " Project "), located in the Red Lake District of Ontario. The program comprised six drill holes totalling 3,187 metres, successfully extending the Papaonga gold target to the east along the mineralised structural corridor recently identified in the Phase 2 diamond drill program (see press release dated January 28, 2026). Phase 3 drilling has identified a large new mineralised target.

Drill Highlights: Discovery of a large new intrusion-related gold system , the "North Papa" , at Papaonga. The North Papa is defined by gold-mineralised quartz feldspar porphyry with intense silica-sericite-albite flooding and up to 15% accessory sulphides dominated by pyrite, hosted by a large regional east-west shear zone. Discovery drill hole 26PADD046 was drilled approximately orthogonal to the large east-west structural corridor, in order to characterise gold mineralisation across its entire width .

Based on available data, all reported mineralised zones are expected to extend to bedrock surface under an average 10-20 m of till cover. 26PADD046 intersected more than 122.80 m of mineralisation grading more than 0.28 g/t gold across 220.15 m of downhole core length (See Figure 1 and Table 1). Lower-grade mineralised intervals in 26PADD046 include 0.58 g/t gold over 21.00 m, within a broader interval of 0.34 g/t Au over 65.45 m, 0.31 g/t Au over 35.65 m, and 0.28 g/t Au over 14.00 m. First indications of high-grade gold mineralisation were also intersected, with 7.07 g/t gold over 1.00 m in 26PADD046, and 9.09 g/t gold over 1.45 m in 500 m step-out drill hole 26PADD043.

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