Tocvan Provides Corporate Update

Rhea-AI Summary

Tocvan Ventures (OTCQB:TCVNF) granted 2,750,000 stock options to directors, officers and consultants under its equity incentive plan, exercisable at $0.79 per share for five years. Of these, 2,400,000 options to directors and officers vest 50% on grant and 50% after one year, while 350,000 consultant options vest immediately.

The company also granted 900,000 restricted share units (RSUs) vesting 12 months from grant. All awards remain subject to Canadian Securities Exchange approval. Tocvan highlights 100% ownership of its Gran Pilar and Picacho gold-silver projects in Sonora, Mexico, recent drill intercepts of 3.1 m at 19.4 g/t Au, metallurgical recoveries up to 99% gold and 97% silver, and approximately 78.7 million shares outstanding.

Positive

• 2,750,000 stock options granted at $0.79 with five-year term
• Structured vesting for 2,400,000 options to directors and officers over one year
• Additional 900,000 RSUs granted with 12‑month vesting horizon
• Exploration result of 3.1 m at 19.4 g/t Au at Gran Pilar
• Metallurgical recoveries reported up to 99% gold and 97% silver
• Company reports approximately 78.7 million shares outstanding, giving context for equity awards

Negative

• Equity awards total 3.65 million securities, implying potential future dilution if fully settled in shares
• Stock option and RSU grants remain subject to Canadian Securities Exchange approval, adding a regulatory step before completion

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HERMOSILLO, MX / ACCESS Newswire / September 1, 2026 / Tocvan Ventures Corp. (the "Company" or "Tocvan") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64) is pleased to announce the grant of 2,750,000 stock options (the "Stock Options") to directors, officers, and certain consultants pursuant to the terms and conditions of the Company's equity incentive plan (the "Equity Plan"). The Stock Options are exercisable at a price $0.79 per common share and expire five years from the date of grant. A total of 2,400,000 of these Stock Option issued to directors and officers vest 50% on the date of grant and 50% on the first anniversary of the date of grant. The other 350,000 Stock Options issued to consultant's vest immediately. In addition, the Company hereby grants 900,000 restricted share units ("RSU's") to certain directors, officers and consultants pursuant to the terms and conditions of the Equity Plan, which shall vest on the date that is 12 months from the date of grant. The Stock Options and RSU grant remain subject to approval by the Canadian Securities Exchange.

About Tocvan Ventures Corp.

Tocvan Ventures Corp. is a dynamic exploration and near-term producer advancing high-potential gold and silver projects in the mine-friendly jurisdiction of Sonora, Mexico. At its flagship Gran Pilar Gold-Silver Project, Tocvan holds a 100% interest in over 22 km² of prospective ground, bolstered by the pivotal 2023 land acquisition that provides ample space for scalable mine infrastructure, including a planned 50,000-tonne pilot production facility. Recent exploration successes, including near surface 3.1 m at 19.4 g/t Au, underscore Gran Pilar's potential as a premier gold-silver asset. Additionally, Tocvan's 100% owned Picacho Gold-Silver Project, located in the prolific Caborca Trend-home to some of Mexico's largest gold deposits-positions the Company for further growth. With robust metallurgical results (up to 99% gold and 97% silver recovery) and a strategic capital to bolster growth, Tocvan is poised to deliver significant shareholder value in a market buoyed by record-high gold prices. With approximately 78.7 million shares outstanding, Tocvan is committed to unlocking the full potential of its assets through innovative exploration, strategic development, and investor-focused initiatives.

Cautionary Statement Regarding Forward Looking Statements

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the equity grant. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

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

For more information, please contact:

TOCVAN VENTURES CORP.

Christopher Gordon, CEO
1150, 707 - 7 Ave SW
Calgary, Alberta T2P 3H6
Email: chris@tocvan.ca

Tyler Muir, Corporate Communications
Telephone: 1 306 690 8886
Email: ir@tocvan.ca

STAY CONNECTED:

LinkedIn: TOC LinkedIn
X: TOC X
Facebook: TOC Facebook
YouTube: TOC YouTube
Web: tocvan.com

SOURCE: Tocvan Ventures Corp.

View the original press release on ACCESS Newswire

FAQ

What equity incentives did Tocvan Ventures (OTCQB:TCVNF) announce on September 1, 2026?

Tocvan announced 2,750,000 stock options and 900,000 RSUs for directors, officers and consultants. According to Tocvan, the options are part of its equity incentive plan, complementing RSUs that vest 12 months from grant to support long-term alignment.

What are the terms of Tocvan Ventures’ 2,750,000 stock options (TCVNF) granted in September 2026?

The 2,750,000 stock options are exercisable at $0.79 per share and expire in five years. According to Tocvan, 2,400,000 options to directors and officers vest 50% on grant and 50% after one year; 350,000 consultant options vest immediately.

When do Tocvan Ventures’ 900,000 RSUs granted in 2026 vest for TCVNF insiders and consultants?

The 900,000 RSUs vest 12 months from the date of grant. According to Tocvan, these RSUs are issued under its equity incentive plan to certain directors, officers and consultants, and are subject to Canadian Securities Exchange approval.

How could Tocvan Ventures’ new stock options and RSUs affect TCVNF shareholders?

If exercised or settled in shares, 2,750,000 options and 900,000 RSUs could increase the share count. According to Tocvan, these awards are designed to incentivize key personnel alongside its approximately 78.7 million shares outstanding.

What exploration results did Tocvan Ventures report for its Gran Pilar gold-silver project (TCVNF)?

Tocvan reported a near-surface intercept of 3.1 meters at 19.4 grams per tonne gold. According to Tocvan, this result supports Gran Pilar’s potential as a significant gold-silver asset within its 100% owned Sonora, Mexico land package.

What metallurgical recovery rates has Tocvan Ventures reported for its gold and silver projects (TCVNF)?

Tocvan reported metallurgical recoveries of up to 99% for gold and 97% for silver. According to Tocvan, these recovery figures, combined with its Sonora projects, underpin its strategy as a near‑term gold-silver producer.

How many shares does Tocvan Ventures (OTCQB:TCVNF) report as outstanding after its 2026 equity grants?

Tocvan reports approximately 78.7 million shares outstanding. According to Tocvan, this share count provides context for the 2,750,000 stock options and 900,000 RSUs granted under its equity incentive plan to directors, officers and consultants.