Supernova Metals to Commence Exploration at Gander South Property

Sean McGrath, CEO of Supernova, commented: "We are very excited to commence our inaugural exploration program on Gander South, which is located in the prolific Gander Gold Belt. The Gander South property is contiguous with several active junior explorers including Sassy Resources Corporation (SASY.C) and Metals Creek Resources Corp. (MEK.V)".

About Gander South

The Gander South Property, consisting of 97 claims and covering 2,425 hectares, is also located in the heart of the Central Newfoundland Gold Belt; approximately 45 kilometers southwest of the Queensway gold discovery. The claims are also located 1.5 kilometers directly along strike from Beaver Brook Antimony Mine and near numerous high priority gold occurrences and recent till discoveries held by New Found Gold Corp. Situated directly adjacent to the Mount Peyton Intrusive Suite, the claims are underlain by Botwood Group Sediments and located within a very prospective and complex geological environment.

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RSU Grant

The Company has granted an aggregate of 3,000,000 restricted stock units ("RSUs") to certain directors, officers and consultants of the Company as long-term incentive and performance awards, all in accordance with its RSU plan that was adopted in September 2020.

Qualified Person

The technical information in this news release has been reviewed and approved by Roger March, PGeo and a Director of Supernova. Mr. March is the qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

About Supernova

SUPERNOVA is a growth-oriented exploration company focused on acquiring and advancing natural resources opportunities within North America. Supernova has a growing and diversified portfolio of assets, including Gold, Silver, Lithium, and Vanadium assets.

ON BEHALF OF THE BOARD

Sean McGrath
CEO and Director
info@supernovametals.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements regarding Forward-Looking Information:

Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes "forward looking information", with respect to a performance expectation for Supernova Metals Corp. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Supernova Metals Corp. carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.

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