DGAP-News

Minnova Corp. Announces Closing of Second and Final Tranche of Previously Announced Private Placement For Gross Proceeds of $1,136,375 - Seite 2

The net proceeds of the Offering will be used for work programs related to
advancement and re-start of mining operations at the Company's PL Mine
including; 10,000 meter drill program for definition drilling, resource
expansion and property wide exploration and revised and updated NI 43-101
technical reports, debt reduction as well as for general working capital
purposes.

All securities issued pursuant to the Second Tranche will be subject to a
statutory hold period expiring on April 3, 2017 in accordance with
applicable securities legislation.

This news release does not constitute an offer to sell or a solicitation of
an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the 'U.S. Securities Act') or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons as defined under applicable securities laws unless registered under
the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.

About Minnova Corp.

Minnova Corp. is an emerging Canadian gold producer focused on re-starting
the PL Mine and expanding gold resources on its PL and Nokomis gold
deposits. The Company completed an Updated PEA which supports average
annual production of 48,100 ounces over a +10 year mine life. Work to date
supports advancing the project toward production with an initial program of
detailed definition drilling to be followed by a future underground test
mining and bulk sample program and completion of a Feasibility Study to
bring the PL Mine back into production. The PL Mine has a valid underground
mining license, an existing flotation mill, over 7,000 meters of developed
underground ramp to 135 metres depth, is fully road accessible and close to
existing mining infrastructure in the prolific Flin Flon - Snow Lake
Greenstone Belt of Central Manitoba.

Qualified Person

Mr. Brian Robertson, B. Sc., P. Eng., a Director of the Company and a
'Qualified Person' under National Instrument 43-101, has reviewed and
approved the scientific and technical information in this press release.

For more information please contact:

Minnova Corp.
Gorden Glenn
President & Chief Executive Officer

For further information, please contact Investor Relations at 647-985-2785
or [e-mail] [email: [e-mail]]

Visit our website at www.minnovacorp.ca

Forward Looking Statements

This news release contains 'forward-looking information' within the meaning
of applicable Canadian securities legislation. Forward-looking information