February 6, 2025, Vancouver, British Columbia – TheNewswire - Supernova Metals Corp. (the “Company”) (CSE:SUPR) (OTC:ABETF) (Frankfurt:A1S.F) is pleased to announce that it has engaged 05 Management Ltd. UK and Pioneer Oil and Gas Consulting Ltd. to prepare a NI51-101 technical report on its recently acquired 8.75% indirect ownership interest in Block 2712A located in the Orange Basin, offshore Namibia.  

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About the Orange Basin

Namibia is under-explored with less than 25 offshore wells drilled along a coastline of some 1,300 km. The Orange Basin, offshore Namibia, is rapidly emerging as one of the most promising oil and gas exploration frontiers, with significant hydrocarbon potential. Located along the Atlantic Ocean’s southwestern coast, the basin has attracted major international energy companies due to its vast untapped resources. Recent discoveries, particularly in deep-water areas, have revealed substantial oil and gas reserves, sparking a wave of investment in the region. In 2025, a remarkable capital influx is expected, with billions of dollars being deployed in exploration, development, and infrastructure. This surge in investment underscores Namibia's growing significance in the global energy landscape, making it a key player in the future of hydrocarbons. With its favorable geological conditions, modern exploration technologies, and supportive regulatory environment, the Orange Basin is poised to be a critical contributor to global energy supplies in the years to come.

On Behalf of the Board of Directors

Sean McGrath

Chief Executive Officer

T: 604.737.2303

E: info@supernovametals.com

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of mining exploration, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of PEL 107, and the availability of and the ability to retain and attract qualified personnel. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration industry, as well as the risks and uncertainties which are more fully described in the Company's annual and quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company's SEDAR+ profile. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.