All amounts are in USD unless stated otherwise

• $50 million private placements with La Mancha and Franco-Nevada has closed on July 12^th, 2024
• Ontario Superior Court has granted the final order approving the Arrangement with Reunion Gold
• Arrangement is expected to close on or around July 15, 2024

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has closed its previously announced private placements with La Mancha Investments S.à r.l. and Franco-Nevada Corporation pursuant to which it has issued 15,114,250 common shares in the capital of GMIN to each of La Mancha and Franco-Nevada, at a price of C$2.279 per share, for aggregate proceeds of $50 million. These shares are subject to a hold period which will expire on November 13, 2024, in accordance with applicable Canadian securities laws.

GMIN is also pleased to announce that the Ontario Superior Court of Justice has granted a final order dated July 11, 2024 approving the plan of arrangement between, inter alia, GMIN and Reunion Gold Corporation that was previously announced on April 22, 2024. Under the Arrangement, a new entity was formed and will hold and manage the combined business of GMIN and Reunion Gold. The common shares of New GMIN will, subject to the approval of the Toronto Stock Exchange, be listed on the TSX in substitution of the Common Shares.

Completion of the Arrangement remains subject to, among other things, TSX approval and the satisfaction or waiver of certain other customary closing conditions. GMIN anticipates the Arrangement to close on or around July 15, 2024. It is expected that two or three business days after the closing of the Arrangement, the common shares of New GMIN will be listed and posted for trading on TSX, in substitution for the presently listed Common Shares.

Additional details about the Arrangement and the Private Placements can be found in the joint management information circular of GMIN dated June 7, 2024, a copy of which is available on SEDAR+ (www.sedarplus.ca) under GMIN’s issuer profile and on GMIN’s website at www.gmin.gold.

About G Mining Ventures Corp.

G Mining Ventures Corp. is a mining company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho Gold Project in mining friendly and prospective State of Pará, Brazil.