ORONOVA ENERGY INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

                                                                                                                                              TSXV: ONV.H

VANCOUVER, BC, Aug. 28, 2025 /CNW/ - Oronova Energy Inc. ("Oronova" or the "Company") (TSX.V: ONV.H) announces that, further to its news release of August 5, 2025, it has closed the non-brokered private placement (the "Private Placement") of 20,000,000 units (each, a "Unit") at a price of $0.06 per Unit for gross proceeds of $1,200,000.  Each Unit consists of one common share (each, a "Share") of the Company, and one common share purchase warrant (each, a "Warrant").  Each whole Warrant entitles the holder to acquire an additional Share of the Company at a price of $0.08 per share until August 28, 2026.

The Company intends to use proceeds from the Private Placement to pay liabilities and for working capital purposes.

The Shares issued pursuant to this Private Placement are subject to a hold period expiring December 29, 2025, in accordance with applicable Canadian securities laws. The Private Placement remains subject to the final approval of the NEX Board of the TSX Venture Exchange.

On behalf of the Board of Oronova Energy Inc.

"Geir Liland"

Chief Executive Officer

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

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

SOURCE Oronova Energy Inc.

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