Ann: CODA North drilling results exceed initial expectations, page-6

CODA NORTH DRILLING RESULTS EXCEED INITIAL EXPECTATIONS


CDN-DD-0014 shows the highest concentration with 5,208 ppm TREO over a 10-meter intercept, starting at 23 meters depth.

CDN-RC-0012 has an intercept of 9 meters at 4,961 ppm TREO, starting at a shallower depth of 23 meters.

CDN-DD-0010 and CDN-DD-0012 Both holes also show high-grade results, with intercepts above 4,400 ppm over ~ 7 to 10 meters.

CDN-RC-0015 with 4,464 ppm TREO over 14 meters starting at 39 meters depth.

Over 20% NdPr/TREO ratio.

Extensive flat, accessible pasture and farmlands available for drilling,

Exploration commences in the CODA Central tenement, a new region and significant growth opportunity for Enova,

These intercepts indicate significant REE content at relatively shallow depths, which will be advantageous for potential extraction.