MODIFIED OPTION ON FIVE GOLD PROJECTS CREATING A DISTRICT SCALE GOLD PORTFOLIO IN THE BAHIA GOLD BELT OF BRAZIL Vancouver, B.C.: Brasnova Energy Materials Inc. (“BEM'' or the “Company”) (TSXV: BEM) is pleased to announce that further to the Company’s News Release of
https://brasnovaem.com/
AUGUST 27, 2026 NEWS RELEASE TSXV: BEM
BRASNOVA ENERGY MATERIALS INC.
MODIFIED OPTION ON FIVE GOLD PROJECTS CREATING A DISTRICT SCALE GOLD PORTFOLIO
IN THE BAHIA GOLD BELT OF BRAZIL
Vancouver, B.C.: Brasnova Energy Materials Inc. (“BEM'' or the “Company”) (TSXV: BEM) is pleased to
announce that further to the Company’s News Release of January 19, 2026, that BEM has executed a
modified binding agreement (the “Modified Option Agreement”) with BGC Gold Inc. (BGC), dated August
27, 2026, to acquire, subject to the terms and conditions of the Modified Option Agreement, a 50%
interest in five Gold Projects though earned equity ownership in the Brazilian subsidiary of BGC.
In addition to the original Capela Gold Project, the four additional Gold Projects are also hosted in the
Bahia Gold Belt in Brazil as are both Pan American Silver’s Jacobina gold mining complex and Equinox
Gold’s Santa Luz complex. The updated portfolio now spans 17,457.20 hectares.
Under the terms, BGC grants to BEM the option to acquire a fifty percent (50%) equity interest in the five
Gold Projects by expending CA$1,000,000 over a period of twenty-four months from the execution date
of the Modified Option Agreement. This amount includes the amounts already expended on the Capela
Gold Project by BEM, and all work expenditures and the holding fees due on the Gold Projects. Upon BEM
having exercised the Option, BGC will transfer to BEM the fifty percent equity ownership of the Brazilian
subsidiary of BGC.
On behalf of the Board of Directors of
BRASNOVA ENERGY MATERIALS INC.
Joel Rovaris Ferari, CEO
BGC Gold Projects
Process number Area
(Hectares)
Material
871932/2023 1,952.82 GOLD
871883/2023 1,982.43 GOLD
870-474/2026 1,866.35 GOLD
870-475/2026 1,965.79 GOLD
870-477/2026 1,985.50 GOLD
871-773/2023 1,947.49 GOLD
871-774/2023 1,966.69 GOLD
871-775/2023 1,961.45 GOLD
871-777/2023 1,828.68 GOLD
Total 17,457.20 -
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