G Mining Ventures Files NI 43-101 Technical Report for the Oko West Gold Project in Guyana

Rhea-AI Summary

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has filed a National Instrument 43-101 Preliminary Economic Assessment (PEA) technical report for its 100% owned Oko West gold project in Guyana, effective September 4, 2024. The report, previously announced on September 9, 2024, was coordinated by G Mining Services Inc. and covers various aspects of the project including mineral resources, mining methods, and economic analysis.

The report was prepared by Qualified Persons as defined under NI 43-101, including experts in engineering, metallurgy, geology, and environmental aspects. It is now available on SEDAR+ and GMIN's website. G Mining Ventures Corp. is focused on acquiring, exploring, and developing precious metal projects, with the Tocantinzinho Gold Mine in Brazil and Oko West Project in Guyana as its key assets.

Positive

• Filing of NI 43-101 Preliminary Economic Assessment for Oko West gold project
• 100% ownership of the Oko West gold project in Guyana
• Involvement of multiple Qualified Persons in report preparation, indicating comprehensive expertise

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• None.

BROSSARD, QC, Oct. 15, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) today announced that the Corporation has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment ("PEA") technical report for GMIN's 100% owned Oko West gold project in Guyana, with an effective date of September 4, 2024 (the "Report"). Report results were previously announced in GMIN's news release dated September 9, 2024.

G Mining Services Inc. was responsible for the overall Report and PEA coordination, property description and location, accessibility, history, mineral processing and metallurgical testing, mineral resource estimation, mining methods, recovery methods, project infrastructures, operating costs, capex, economic analysis and project execution plan.

The Qualified Persons ("QPs"), as defined under NI 43-101, are Paul Murphy, P. Eng. having overall responsibility for the Report including capital and operating costs; Neil Lincoln, P. Eng. having responsibility for metallurgy, recovery methods and process plant operating costs; Christian Beaulieu, MSc, P. Geo, of Minéralis Consulting Services is responsible for property description, geology, drilling, sampling and the mineral resource estimate; Alexandre Burelle, P. Eng. is responsible for the mining method and capital and operating costs related to the mine and the economic analysis; and Derek Chubb, P. Eng., of ERM Consultants Canada Ltd., is responsible for the environment and permitting aspects.

The Report is available on SEDAR+ (www.sedarplus.ca) and on GMIN's website (www.gmin.gold).

About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) 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 Mine ("TZ") in Brazil and Oko West Project in Guyana, both mining friendly and prospective jurisdictions.

Additional Information
For further information on GMIN, please visit the website at www.gmin.gold.

Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the conclusions of the PEA; and (ii) more generally, the section entitled "About G Mining Ventures Corp.".

Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the price of gold and currency exchange rates, those outlined in the PEA and those underlying the items listed in the above section entitled "About G Mining Ventures Corp.".

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will achieve its stated objectives for -TZ and Oko West, or (ii) use TZ and Oko West to grow GMIN into the next intermediate producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2024, for the financial year ended December 31, 2023, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

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SOURCE G Mining Ventures Corp

FAQ

What is the effective date of the NI 43-101 technical report for GMIN's Oko West gold project?

The effective date of the NI 43-101 Preliminary Economic Assessment technical report for G Mining Ventures Corp.'s Oko West gold project in Guyana is September 4, 2024.

Where can investors find the NI 43-101 technical report for GMINF's Oko West project?

The NI 43-101 technical report for G Mining Ventures Corp.'s (GMINF) Oko West project is available on SEDAR+ (www.sedarplus.ca) and on the company's website (www.gmin.gold).

Who was responsible for coordinating the PEA technical report for GMIN's Oko West project?

G Mining Services Inc. was responsible for the overall coordination of the Preliminary Economic Assessment (PEA) technical report for G Mining Ventures Corp.'s Oko West gold project.

What are the main assets of G Mining Ventures Corp. (GMINF) mentioned in the press release?

The main assets of G Mining Ventures Corp. (GMINF) mentioned in the press release are the Tocantinzinho Gold Mine in Brazil and the Oko West Project in Guyana.