Artificial IntelligenceMinerva Reports May Results for DRIVER Software and Announces Attendance at PDAC

Minerva Intelligence Inc. (TSXV: MVAI) (“Minerva” or “the Company”), an artificial intelligence software company focused on building decision support tools for climate risk, mineral exploration and mining, is pleased to announce the monthly sales results of its AI software DRIVER for the month of May 2022.

DRIVER software is licensed on an annual recurring basis, allowing Minerva to build and maintain customer relationships as well as a reliable revenue stream. Minerva offers three license levels for end-user clients of varying size, as well as an upgradable limited-term Proof-of-Concept license. The table below has been simplified from the last release based on investor feedback.

Minerva CEO Scott Tillman commented “I would like to thank our partnerships and business development team who are bringing in leads from around the world and are progressing deals through our sales pipeline. Our team is actively evolving our sales process to focus on direct to license sales rather than Proof-of-Concept to License. While this resulted in slightly lower sales in May, we expect increased activity for the rest of the year and we look forward to sharing these monthly updates as we continue to sell more Proof of Concepts and Licenses.”

DRIVER is Minerva’s proprietary AI product developed to service the mineral exploration and mining industry by helping them better evaluate drill data to pinpoint superior drill targets, understand geometallurgical domains, and conduct more thorough, rapid, accurate 3D modeling. DRIVER combines cloud processing capabilities with Minerva’s proprietary machine learning technology to automatically evaluate the spatial continuity present in geological numeric data. DRIVER automatically creates 3D models of all aspects of the dataset within a matter of minutes, and automatically identifies and catalogues the important zones of interest. These insights are incredibly valuable for exploration, metallurgy, environmental protection, and mining. Minerva’s partnership and business development team is targeting qualified leads at mining, mineral exploration and mineral streaming companies around the world.

Minerva is also pleased to announce that it will be attending the 2022 PDAC conference in Toronto, Ontario, Canada June 13^th to 15^th. The DRIVER team has booked over 50 demonstrations with interested parties at the conference. The demonstrations will be held at Minerva’s booth #601.