Building on exploration success at flagship Matagami project

Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) is pleased to provide a corporate update, highlighting the success of 2025 exploration programs and plans for 2026. Previous exploration has resulted in significant gold and base metal discoveries and has expanded the Company’s base metal mineralized inventory at its Matagami Project in the Abitibi region of Québec.

‘We went public in late 2024 with a mandate to increase base metal resources, initiate gold-focused exploration that has been overlooked on our large-scale property, and accelerate work toward restarting mining operations,’ said Peter van Alphen, Nuvau’s President and Chief Executive Officer. ‘With extensive existing processing and permitted mining operations, the Matagami Property truly represents a near-term production opportunity with limited start-up capital. We have made significant progress, developing two zones of volcanogenic massive sulphide (VMS) mineralization, discovering a new orogenic gold system at Bracemac, and expanding mineralization at the Bracemac-McLeod Mine. This work sets the groundwork for an updated mineral resource estimate on the property, updated economic studies, and advancing the completion of the earn-in from Glencore.’

Key achievements in 2025

Exploration continued across the property, while also progressing multiple initiatives aimed at advancing the planned restart of production:

• A sonic drilling program was completed to explore for mineralization in the glacial till, which delivered a significant gold grain anomaly with more than 2,000 gold grains per 10 kg of material, in an underexplored part of the property, supported by a near-contiguous sample with 295 gold grains, in hole PD-23-030s.
• Caber Complex Base Metal Project – The company completed a successful drilling program that returned numerous high-grade intercepts at the Caber Complex deposit. This work was completed to increase drill density in preparation for the completion of an updated Mineral Resource Estimate (MRE).
• Renaissance Zone – Following the 2023 new VMS discovery, from the first geophysical target tested by Nuvau to the north of the Caber deposits. Twenty-seven holes were drilled, with 16 holes containing semi-massive to massive sulphide mineralization. Additional VMS mineralization was discovered at the PD1-East target, a nearby geophysical anomaly tested in 2025.
• McLeod Extension – Seven new intersections from 5,526 metres of drilling in 2024 and 2025, following up on the 2023 program that discovered potential to expand mineralization proximal to existing mine workings, including an impressive intercept of 15.30 metres grading 2.92% copper, 15.32% zinc, 0.39 g/t gold, and 98.16 g/t silver.

A new prospective gold horizon was discovered in 2025, immediately east of the Bracemac Mine within a Tonalite intrusive, where the very first drill hole intersected visible gold in quartz veining that returned 8.87 g/t gold over 1.05 metres, including 16.02 g/t gold over 0.55 (BRCG-25-01). Follow-up drilling confirmed continuity of a broad, near-surface mineralized system within a large-scale target area, not tested in historic programs. Assay results are provided in Table 1 and 2 at the end of the document.

Strategic focus in 2026

The Matagami camp uniquely combines district-scale exploration potential with a near-term production restart opportunity, supported by a large land package, existing mineral endowment, and permitted infrastructure. Figure 1 highlights some of the priority exploration target areas.

Figure 1: Nuvau’s 2026 exploration focus areas for gold and base metals (volcanogenic massive sulfides)

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The company is preparing for a large-scale exploration program in 2026, continuing to test multiple high-quality gold targets and several promising base metal targets, including the Daniel 25 VMS area and untested geophysical anomalies in the central camp.

Gold exploration will focus on the underexplored area hosting the high-grade gold-in-till anomaly, advancing the Thunder Mine target where historic drilling intersected multiple high-grade zones that remain open, and evaluating the broader prospectivity of the footwall gold occurrence at the Bracemac Mine. All permits have been received for the expected exploration program for 2026.

Nuvau will continue to advance work aimed at updating its Mineral Resource Estimates for the multiple deposits located on the property, targeting upgrades to the Caber Complex, as well as initial mineral resource estimates for Bracemac-McLeod and Renaissance.

Following the resource updates, the company anticipates updating the previously completed PEA to include portions of those additional resources, as well as updating the associated economics and mine plans. Permitting initiatives will also continue to prepare the Matagami Property for the restart of mining operations.

Update on Matagami earn-in

Nuvau continues to advance its earn-in with respect to the Matagami Property. On January 28, 2026, Nuvau, Nuvau Minerals Corp. and Glencore Canada Corporation (‘Glencore’) entered into a second amended and restated earn-in agreement (the ‘Second A&R Earn-In Agreement’), which further amends and restates the terms of the earn-in agreement dated March 25, 2022, as previously amended and restated on June 28, 2024.

As Nuvau has satisfied all work requirements to earn the right to acquire a 100% interest in the Matagami Property, Nuvau has been working closely with Glencore to complete the transfer of Glencore’s interest in the Matagami Property to Nuvau. In order to facilitate such transfer, Nuvau and Glencore have agreed to certain technical amendments in the Second A&R Earn-In Agreement to address, among other things, certain regulatory considerations, the obligations of Nuvau with respect to the replacement of financial assurances, and the transfer of permits and authorizations to Nuvau. In addition, Nuvau also agreed to guarantee certain deferred obligations under the Second A&R Earn-In Agreement, updated to reflect status of Nuvau Minerals Inc. as guarantor of the obligations. Pursuant to the Second A&R Earn-In Agreement, Nuvau must complete the earn-in by no later than February 27, 2026.

For additional information, please refer to the Second A&R Earn-In Agreement, a copy of which will be available on SEDAR+ (www.sedarplus.ca) under Nuvau’s issuer profile.

Table 1: Bracemac gold showing assay intervals

* Intervals conveying more than 1 g/t of gold or more than 5 m of composites > 0.2 g/t gold.
* All lengths are core lengths; true width is unknown.

Table 2: Bracemac gold DDH collar position (NAD83/UTM zone18) and drilling direction

About Nuvau Minerals Inc.
Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

Qualified Person and Quality Assurance
Bastien Fresia P. Geo. (Qc), Technical Services Director of Nuvau and a ‘qualified person’ as is defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and has otherwise reviewed and approved the scientific and technical information in this news release.

Sonic Core has been quicklogged on drilling site and shipped by truck to IOS facilities in Saguenay for detailed logging and sampling by a qualitifed quartenary geologist. Hole core from selected intervals has been bagged and queued for processing in the same facility, where samples were sifted and gold grain concentrated with a proprietary fluidized bed. Concentrates were then dry sifted at 50 μm, the +50 μm being examined under an optical microscope, while the -50 μm was scanned by an automated electron microscope. Every suspected gold grain has been analyzed by Energy Dispersive X-Ray Spectrometer (EDS), and high magnification back-scattered images have been acquired in order to classify morphology. Quality control is ensured via various mass balance calculations and EDS analysis of all grains of interest, prior to results being cross-examined by experienced geologists. In the course of sifting, an aliquot of the sample has been saved and shipped for analysis to Activation Laboratories in Ancaster, Ontario, for ICP-MS-QQQ ultra-trace analyses after aqua-regia digestion. Quality control has been conducted by a certified chemist and includes approximately 15% blanks, certified reference materials and internal reference materials.

Diamond Drill core samples are sawn by staff technicians in Nuvau’s Matagami’s core shed to create half-core splits. One split is retained in the drill core box for archival purposes with a sample tag affixed at each sample interval, and the other split is placed in a labelled plastic bag along with a corresponding sample number tag and placed in the shipment queue. Quality control samples, including blind certified reference material (‘CRM’), blank material, and core duplicates, are inserted at a frequency of 1 in every 20 samples and sample batches of up to 60 samples were then shipped directly by Nuvau personnel to the ALS Canada Ltd. preparation laboratory in Rouyn-Noranda, Québec. All submitted core samples are crushed in full to 95 % passing less than 2 mm (ALS code CRU-32). A 1000-gram sample was then riffled, split from the crushed material and pulverized to 90 % passing 75 μm (SPL-22 and PUL-32a). Pulps are shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in North Vancouver, British Columbia, for assay. Lead, silver, copper and zinc analyses were determined by ore grade four acid digestion with an inductively coupled plasma atomic emission spectroscopy (‘ICP-AES’) or atomic absorption spectroscopy (‘AAS’) finish (ALS codes Pb-OG62, Ag-OG62, Cu-OG62 and ZnOG62), whereas gold was determined by 50 g fire assay analysis with an AAS finish (code Au-AA23).

PhotonAssay analysis (code Au-PA01) is used on the samples from Bracemac Gold. The samples are sent to Val d’Or MSALabs. Up to 1kg per sample is pulverized to 70% passing 2mm (CRU-CPA), encapsulated in 500g capacity separated plastic lids, adapted for the method and identified with barcodes and unique ID numbers. The Gamma Ray-based Photon Assay is directly processed in the MSALabs Val d’Or facilities. As the method is non-destructive, the assays can be reprocessed and are conserved for archive and future use in the plastic lids. For comparison, at the initiation of the drilling campaign, the method was tested against Fire Assays in ALSLabs, a 50 g fire assay analysis returned 15.75 g/t Au, compared to 16.02 g/t Au by PhotonAssay.

Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282093

(TheNewswire)

GRANDE PRAIRIE, ALBERTA TheNewswire – (January 30, 2026): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces the voting results from its Annual General Meeting of Shareholders (the ‘Meeting’), held on Thursday, January 29, 2026, including the appointment of Dr. David Johnson to the Board of Directors of the Company.

All resolutions presented to the Shareholders were approved. Each of the resolutions are explained in detail in the Management Information Circular published in connection with the Meeting. It is available for reference on the Company’s website https://angkorresources.com.

A total of 96,855,431 common shares, representing approximately 47.78 % of the Company’s outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of:

• Reappointing Davidson Company LLP, Chartered Professional Accountants auditors of the Company; 

• Setting the number of directors at six, with the following six nominees elected as directors: Russ Tynan, Mike Weeks, Terry Mereniuk, Ken Booth, Grant T. Smith and Dr. David Johnson; 

• Approving the Company’s Rolling stock option plan; and 

• Approving the sale of the Corporation’s 40% participating interest (the ‘Assets‘) in the Evesham Macklin oil and gas lands in Saskatchewan to an arm’s length party (the ‘Purchaser‘) at a fair market value sale price of $4,800,000 (the ‘Purchase Price‘) 

  The sale of the oil and gas assets was a strategic decision that removed a debt of $3,800,000 off the books and provided the Company with $1,000,000 in net proceeds. The original Letter of Intent and announcement is provided here:  Angkor Resources SIGNS LETTER OF INTENT TO SELL EVESHAM OIL PRODUCTION – Angkor Resources Corp.  Because it was a fundamental transaction, approval from shareholders was required at the AGM and over 99% of the voters were in favor of the transaction.  The Company wanted to push its resources into the Cambodian onshore Block VIII Project for potential growth of the Company.

Delayne Weeks, CEO, commented ‘On behalf of the Company, I would like to thank shareholders for their participation and continuing support. We welcome Dr. Johnson to the Board.’

Dr. David Johnson is a geoscientist with more than 40 years of Global, Canadian Frontier, and Western Canadian exploration and production (E&P) experience covering petroleum, natural gas and helium. In positions of progressive responsibility, David has worked for Shell, Exxon Production Research, ExxonMobil Exploration, Husky Energy, the Kuwait Oil Company, and KUFPEC. Dr. Johnson has executive, business development, operations, geoscience research, and technical E&P experience covering more than 40 petroleum jurisdictions in Europe, Africa, Asia, and the Americas. He has led bid-round acquisitions of more than 20 Production Sharing Agreements (PSA’s) and exploration licenses (EL’s); and made significant discoveries in the South China Sea, the Canadian Frontiers and Western Canada.

Dr. Johnson received a BSc in Geology from the University of Calgary, and a PhD in Geological Oceanography from Dalhousie University and joins the Board of Directors of the Company following the AGM Jan. 29 2026.

The Company also notes that Steve Cochrane, and Scott Smith, long-time directors of Angkor, retired effective today’s meeting.  We want to acknowledge their contributions and outstanding service to the Company.  Both expressed their ongoing support of Angkor’s success.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Cambodia.  

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.  Both licenses are in their first two-year renewal term.    

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.  Having completed seismic in 2025, the Company looks to identify drill targets and advance to drilling Cambodia’s first onshore oil & gas exploratory wells shortly thereafter.

CONTACT:   Delayne Weeks – CEO

Email:-   info@angkorresources.com   Website: angkorresources.com  

Telephone: +1 (780) 568-3801

Please follow @AngkorResources on , , , Instagram and .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

_____________________________________

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the anticipated benefits of new leadership expertise, and the Company’s plans to develop its resources and create shareholder value.

In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will successfully advance the development of its resources and that such efforts will result in creating shareholder value.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not advance the development of its resources and that the Company will not create shareholder value.

Copyright (c) 2026 TheNewswire – All rights reserved.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) (the ‘Company’ or ‘Nuvau’) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Integrity Capital Group Inc., as co-lead agents and co-lead bookrunners (collectively, the ‘Agents’), in connection with a proposed ‘best efforts’ brokered private placement for aggregate gross proceeds of up to $20,000,000, comprised of the offer and sale of up to (i) 18,750,000 units of the Company (each, a ‘Unit’), at a price of $0.80 per Unit, for gross proceeds of up to $15,000,000, and (ii) 5,000,000 flow-through shares of the Company (each, a ‘FT Share’), at a price of $1.00 per FT Share, for gross proceeds of up to $5,000,000 (together, the ‘Offering’). The Agents will have an option (the ‘Agent’s Option’), exercisable in whole or in part up to 48 hours prior to the Closing Date (as defined herein), to offer for sale up to any combination of additional Units, Common Shares andor Warrants to raise up to an additional $5,000,000 in gross proceeds.

Each Unit will consist of one common share of the Company (each, a ‘Common Share‘) and one-half of one transferrable common share purchase warrant of the Company (each whole warrant, a ‘Warrant‘), with each Warrant entitling the holder thereof to purchase one Common Share at a price of $1.30 per Common Share for a period of 36 months following the closing of the Offering. All FT Shares will be Common Shares that qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘ITA‘) [and section 359.1 of the Taxation Act (Québec)].

The Company intends to use the proceeds of the Offering for working capital and general corporate purposes and for the completion of exploration and development activities at its Matagami property. The gross proceeds from the offering of FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’, some portion of which may qualify as ‘flow-through critical mineral mining expenditures’, (as both terms are defined in the ITA) (the ‘Qualifying Expenditures‘) on or before December 31, 2027, which Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares with an effective date on or before December 31, 2026.

The Units and FT Shares are to be offered for sale by way of private placement in all the provinces of Canada, pursuant to applicable prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions. The Agents will also be entitled to offer the Units for sale to eligible purchasers resident in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), and in those other jurisdictions outside of Canada and the United States provided that such offer and sale does not require the filing of a prospectus or registration statements, or comparable obligation arises in such other jurisdiction.

In consideration for the Agents’ services, the Company will pay to the Agents on the Closing Date a cash commission equal to 6.0% of the gross proceeds of the Offering (including any gross proceeds raised pursuant to the exercise of the Agents’ Option) (the ‘Cash Fee‘); provided that such Cash Fee shall be reduced to 3.0% in respect of the gross proceeds raised from sales to purchasers included on a president’s list to be formed by the Company in consultation with the Agents (the ‘President’s List Purchasers‘). In addition, the Company shall issue to the Agents on the Closing Date, such number of non-transferable compensation options of the Company (the ‘Compensation Options‘) as is equal to 6.0% of the aggregate number of Units and FT Shares sold under the Offering (including pursuant to exercise of the Agents’ Option); provided that such number of Compensation Options shall be reduced to 3.0% of Units and FT Shares sold to subscribers of the President’s List. Each Compensation Option will entitle the holder thereof to purchase one Unit at the Offering Price, at any time and from time to time for a period of 36 months following the Closing Date.

Closing of the Offering is expected to take place on or about February 19, 2026 (the ‘Closing Date‘), and is subject to certain conditions including, but not limited to, the conditional approval of the TSX Venture Exchange. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the Closing Date.

The securities offered have not been registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Nuvau

Nuvau is a Canadian mining company, incorporated under the OBCA, currently in the exploration and development phase. Nuvau’s principal asset is its right to earn-in a 100% undivided interest from Glencore in the Matagami property located in Abitibi region of central Québec, Canada pursuant to an amended and restated earn-in agreement dated January 28, 2026 among Nuvau, Nuvau Minerals Corp. and Glencore.

Cautionary Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements‘) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the timing and ability of the Company to close the Offering on the terms announced, the proposed use of proceeds of the Offering, the Company’s ability to incur Qualifying Expenditures and renounce the Qualifying Expenditures to subscribers, and the Company’s ability to obtain exchange approval for the Offering. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Further Information

All information contained in this news release with respect to the Company was supplied by the respective party for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

For further information please contact:

Nuvau Minerals Inc.
Peter Van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.