NovaRed Mining Appoints Lee Evan Caplin to Advisory Board to Advance MetalCore AI Strategy

Vancouver, British Columbia--(Newsfile Corp. - July 21, 2026) - NovaRed Mining Inc. (CSE: NRED) (OTCQB: NREDF) ("NovaRed" or the "Company") is pleased to announce the appointment of Lee Evan Caplin to its Advisory Board, further strengthening the Company's leadership as it advances the commercialization of its proprietary MetalCore AI platform and expands its critical minerals exploration strategy.

Mr. Caplin is an entrepreneur, attorney, media executive, and educator with more than four decades of experience in intellectual property, technology commercialization, strategic partnerships, and emerging-media ventures. A longtime advocate for technology innovation and education, he has backed ventures ranging from secure telecommunications — as Chief Executive Officer of encryption technology startup Starium Inc. — to immersive and extended-reality technologies. His experience in building innovative enterprises and bringing emerging technologies to market will support NovaRed's strategy of integrating AI-driven solutions into mineral exploration and resource intelligence.

Mr. Caplin is the Founder and Chairman of Picture Entertainment Corporation and a co-founder of the predecessor to Penske Media Corporation, owner of brands including Variety and Rolling Stone. His credits include serving as executive producer of Sony Pictures' Academy Award-nominated feature film Ali and producer of HBO's multi-Emmy Award-winning series True Detective, and he is the author of the three-time international bestseller The Business of Art. He also serves as Chairman of iSTAR Enterprises, LLC, the venture behind Florida International University's Immersive Studio for Altered Reality (iSTAR), which is focused on immersive and emerging media technologies.

Mr. Caplin has been a longstanding advocate for media and technology education. His landmark $10 million philanthropic gift established the Lee Caplin School of Journalism & Media at Florida International University (FIU), representing one of the largest contributions to a journalism and media program within Florida's State University System. He also established the iSTAR initiative within FIU's College of Communication, Architecture & The Arts (CARTA), advancing education and hands-on training in immersive technologies, virtual and augmented reality, extended reality, and next-generation media. Mr. Caplin also served as a Founding Faculty member of California State University, Monterey Bay, where, together with playwright Luis Valdez, he helped establish the university's pioneering cinematic arts and technology program.

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