• The receipt of the Operating Licenses marks the last remaining permitting milestone for commercial operation
• Tocantinzinho remains on track to commercial production in H2-24

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has received the Operational Licenses for GMIN’s 100%-owned Tocantinzinho Gold Project in the State of Pará, Brazil – the last remaining permitting milestone for commercial operation. The Project remains on time and budget for commercial production in the second half of 2024.

The Licences received from the Pará State Environmental Agency, Secretaria de Estado de Meio Ambiente e Sustentabilidade, include the Operating Licence for mining, processing plant, tailings facilities and the new airstrip. Receipt of these licenses marks the successful completion of all project construction activities and authorizes the mine to commence operations at full capacity.

Louis-Pierre Gignac, President & Chief Executive Officer, commented: “This final step in the regulatory approval process for TZ is a testament to Brazil’s mining-friendly business environment, its well-structured permitting process and our team’s commitment to excellence in everything we do. I am thrilled by the achievement of this major milestone and continue to be excited as I witness the steady progress being made in commissioning the plant allowing us to achieve commercial production in the very near term.”

Project Development Timeline

The Project remains on track and budget for commercial production in H2-2024.

Virtual Site Tour and Feasibility Study Presentation

Updated satellite imagery and 360 photography showing the site progress is available through the corporate presentation at: https://vrify.com/decks/14338. A 3D presentation of the Project Feasibility Study is available at: Feasibility Study 3D VRIFY Presentation. Both presentations can be accessed by visiting GMIN’s website at https://www.gminingventures.com.

Timetable and Next Steps

Upcoming key milestones include:

• Q3-24: Oko West Project’s Preliminary Economic Assessment
• Q4-24 Exploration results from both TZ and Oko West
• H2-24: Commercial production at TZ

Qualified Person

Louis-Pierre Gignac, President & Chief Executive Officer of GMIN, a QP as defined in NI 43-101, has reviewed the press release on behalf of the Corporation and has approved the technical disclosure contained in this press release.

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 the Tocantinzinho Gold Project in Brazil and Oko West Project in Guyana, both mining friendly and prospective jurisdictions

Project Schedule (CNW Group/G Mining Ventures Corp)