Innovation Mining Receives SR&ED Tax Credit for Research and Development of RZOLV™ Non-Cyanide Gold Leaching Technology

Vancouver, British Columbia – October 10, 2025  – Innovation Mining Inc. (“Innovation” or the “Company”) is pleased to announce that it has qualified for, and received proceeds under, Canada’s Scientific Research and Experimental Development (SR&ED) tax incentive program as reimbursement for prior laboratory-based research and development expenditures related to the Company’s RZOLV™ non-cyanide gold-leaching formula.

“This non-dilutive funding directly supports our innovation pathway,” said Duane Nelson, Chief Executive Officer of Innovation Mining. “It reflects the substantial R&D investment we’ve made to validate the performance, safety, and scalability of our RZOLV formula. We value the continued support of Canada’s SR&ED program as we advance toward commercial deployment.”

The reimbursement relates to research and development phases conducted at the Company’s North Vancouver laboratory, where ongoing work focuses on refining and optimizing RZOLV’s performance across multiple metals and mineral systems.

Innovation Mining is currently executing a 100-tonne, full-scale pilot program designed to evaluate leach kinetics, gold recoveries, reagent consumption, formula reusability, and overall commercial viability. The results of this program will form the basis for RZOLV’s industrial roll-out and global licensing strategy.

About the SR&ED Program

Canada’s Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive initiative administered by the Canada Revenue Agency (CRA). It is designed to encourage Canadian businesses to conduct research and development in Canada by providing refundable tax credits and investment incentives to support technological innovation and advancement.

About Innovation Mining Inc.

Innovation Mining Inc. is a clean-technology company with a mission to transform the global gold-mining industry through safer, sustainable, and high-performance extraction technologies. The Company has developed RZOLV™, a proprietary non-toxic, water-based hydrometallurgical formula that replaces cyanide in gold leaching.

While cyanide has been the industry standard for over a century, its toxicity has led to widespread environmental concerns, costly permitting, and outright bans in several jurisdictions. RZOLV™ offers equivalent recovery efficiency and cost performance with a non-toxic, reusable, and environmentally responsible profile.

Innovation is currently focused on validating its technology through industrial-scale pilot programs, after which full commercialization and licensing activities will begin. The Company has safeguarded RZOLV through an international patent filing and a comprehensive intellectual-property framework that includes protection for its chemical formulation, regeneration processes, and specific applications in heap leaching, vat leaching, and concentrate treatment.

Forward Looking Statements

This News Release contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continues,” “estimates,” “expects,” and “will” and words of similar import, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our Research and Development activities, the accuracy of our capital and operating cost estimates; production and processing estimates; the results, the adequacy of Innovation’s financial resources and timing of development of ongoing research and development projects, costs and timing of future revenues or profits and adequacy of financial resources. Wherever possible, words such as “plans”, “expects”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of Innovation’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. The TSXV or any other regulatory body has approved or disapproved of the information contained herein.

Duane Nelson

Innovation Mining Inc.

Email: duane@innovationmining.com

Phone: 604-512-8118