ENOVA MINING LIMITED(ENV)

The suspension of trading in the securities of Enova Mining Limited will be lifted immediately following the release by ENV of an announcement regarding an acquisition of a mineral project.

Enova has entered into a binding option agreement to acquire 100% of the CODA prospect with a combined area of 15,334 Ha or 153.3 sq.km. To date eleven shallow auger holes were drilled within the CODA prospect. Mineralisation remains open in all directions and at depth, with grades significantly increasing at depth. The Option Agreement is subject to a 30-day Due Diligence period, with acquisition subject to Shareholder Approval. The CODA tenements offer an immediate walkup drilling opportunity to commence an aggressive exploration campaign with a ready to mobilize on-ground team. The tenements are strategically located nearby to well-developed highways, infrastructure, water access, hydro-electric/wind power and proximity to regional centres, 300km north-west of Belo Horizonte in the mining friendly state of Minas Gerais. Enova has received firm commitments from investors requesting to exercise options, thus bolstering its cash balance and remains fully funded to carry out Phase 1 Exploration and Drilling at both POÇOS and its newly optioned CODA tenements. Option conversion will be conducted at end of each calendar month.

The securities of Enova Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ENV, pending the release of an announcement regarding a potential acquisition of an advanced mineral exploration project.

The suspension of trading in the securities of Enova Mining Limited will be lifted immediately following the release by ENV of an announcement regarding an acquisition of a mineral project and the outcome of an application to the Supreme Court of Western Australia by ENV seeking orders in relation to the appointment of the company's auditor

Enova has entered into a binding option agreement to acquire 100% of the POÇOS, JUQUIA, RESPLENDOR, CARAI, SANTO ANTÔNIO & SALINAS EAST prospects located in Brazil with a dominant strategic land holding of 67,579 Ha or 675.79km2. The majority of the tenements are strategically situated in Brazil's prolific Poços de Caldas / Caldeira Rare Earth Complex and Lithium Valley in the mining friendly state of Minas Gerais. The tenements are in proximity to several world class deposits, being Sigma Lithium's Grota do Cirilo Resource (77Mt @ 1.43% Li2O + 8.5Mt @1.43% Li2O Inf) and Latin Resources Salinas Project (45.2Mt @1.32% Li2O), along with other major explorers such as Lithium Ionic and Atlas Lithium. Discussions have begun with drilling contractors to conduct a "˜first pass' drilling program on the rare earth tenements as soon as feasible. Enova, subject to completion of Due Diligence, obtaining Shareholder Approval and the results of an initial report on mineral exploration as set out below, plans on an aggressive exploration campaign with a ready to mobilize on-ground team. The tenements are located nearby to well-established highways, infrastructure, water access, hydroelectric power and proximity to commercial ports.

The Company confirms the receipt of orders granted in the Supreme Court of Western Australia on Friday, 15 December 2023 confirming, among other things, the validity of the appointment of the Company's auditor, John Shute Chartered Accountants from 9 September 2020. The Company's securities will remain in voluntary suspension until the release of an announcement in relation to the potential acquisition. The Company expects to release an announcement with an update on the potential acquisition on Monday, 18 December 2023.

The Company will seek relevant court orders in relation to, amongst other things, the appointment of its auditor, John Shute Chartered Accountants, at a hearing in the Supreme Court of Western Australia, currently scheduled at 10:00am on Friday, 15 December 2023 (WST). In relation to the potential acquisition referred to in the Company's trading halt request dated 23 November 2023 and subsequent releases, the Company advises that the agreement governing the potential acquisition is still being finalised and this court matter does not preclude the Company from proceeding with the potential acquisition. The Company expects to have a further update on the potential acquisition in the coming days.

The Company's auditor, John Shute Charter Accountants (John Schute), were appointed as the Company's auditor following ASIC's approval of the resignation of the Company's previous auditor, RSM Australia Partners on 22 November 2020. John Schute has completed the Company's audits for the financial years ended 31 December 2021, 31 December 2022, and the half-year ended 30 June 2023. Due to an administrative oversight at the Company's Annual General Meeting held on 24 May 2021, the appointment of John Schute was not approved or ratified as required by shareholders until the Company's Annual General Meeting held on 31 May 2023.

The Company's securities are expected to remain in voluntary suspension until Monday, 4 December 2023 to enable the Company to make an announcement to the market regarding the potential acquisition of a mineral project, which is currently subject to the submissions of the Company made to the ASX under chapter 11 of the listing rules.

The securities of Enova Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ENV, pending the release of an announcement regarding a potential acquisition of a mineral project.

we understand that on or about this date the company consolidated its shares 1 for 5

name changed from Crossland Strategic Metals Limited