Tocvan Ventures begins drilling at Gran Pilar North block

Mr. Brodie Sutherland reports TOCVAN ANNOUNCES MAIDEN DRILL PROGRAM UNDERWAY AT NORTH BLOCK GRAN PILAR GOLD-SILVER PROJECT Tocvan Ventures Corp. has provided an update on its continuing maiden drill program at the North block of the Gran Pilar gold-silver project in Sonora, Mexico. The program, which commenced following the mobilization of equipment in October, marks the first-ever drilling in this underexplored expansion area and is designed to test a 3.2-kilometre-by-1.5-kilometre target zone exhibiting strong geochemical and geological indicators of mineralization. Highlights: Maiden drill program under way -- targeting a 3.2-kilometre-by-1.5-kilometre zone with strong mineralization indicators; Progress update -- site preparations complete, including road access and drill pads; initial 2,000 metres of drilling in progress and additional 3,000 metres proposed; Promising surface results -- high-grade samples from the North Alteration zone, including 5.6 grams per tonne gold and 106 grams per tonne silver over two metres, and historic workings yielding 3.2 g/t Au and 1,225 g/t Ag; New discoveries -- three additional mineralized targets identified with historic underground workings, featuring vein breccia, alteration and quartz veining; Strategic positioning -- fully permitted for over 30,000 metres of drilling; program integrates geophysical, mapping and geochemical data to expand resource potential and support near-term production goals. To date, the company has completed initial site preparations, including road access improvements and the establishment of the first drill pads. Drilling activities are progressing with an initial phase of 2,000 metres planned, focusing on high-priority targets within the North Alteration zone. These zones have already yielded promising surface samples, including a two-metre chip sample assaying 5.6 g/t Au and 106 g/t Ag, and a historic mine working sample returning 3.2 g/t Au and 1,225 g/t Ag. Recent discoveries of two new mineralized targets with historic underground workings further underscore the potential of the area, featuring exposed vein breccia, phyllic and argillic alteration, and quartz veining across sections up to 60 metres. "We are thrilled with the early progress of our maiden drill program at the North block, which represents a significant step in unlocking the full potential of the Greater Pilar system," stated Brodie A. Sutherland, chief executive officer of Tocvan Ventures. "The integration of geophysical surveys, surface mapping and these new target discoveries has refined our approach, and we anticipate meaningful results that could expand our resource potential. Combined with advancements on the South block, including trenching and pilot mine preparations, Gran Pilar is positioning Tocvan for near-term production and long-term growth." The North block forms part of the larger Gran Pilar project, spanning over 22 square kilometres and located in a highly prospective region known for porphyry/epithermal gold-silver systems. The company remains fully permitted for over 30,000 metres of drilling and is targeting completion of 3,000 to 5,000 metres by the end of Q4 2025 across both blocks. Continuing surface geochemical sampling, geological mapping and geophysical data interpretation continue to support drill targeting. Tocvan will provide further updates as assay results become available and drilling advances. 100-per-cent-controlled priority targets for trenching and drilling: South block main zone expansion: Follow-up on 2025 drill success: 19.4 g/t Au over 3.1 metres within 106.6 metres of 0.6 g/t Au (Feb. 25, 2025, news release); 5.4 g/t Au over 6.1 metres within 41.2 metres of 1.0 g/t Au (May 7, 2025, news release); 136 g/t Ag over 10.7 metres within 42.7 metres of 41 g/t Ag (June 25, 2025, news release); South block (Nov. 12, 2024, news release): Placer corridor (900-metre strike length): Soil samples up to 21.2 g/t Au and greater than 2,000 g/t Ag; Placer source area: Soil samples up to 2.4 g/t Au and 22 g/t Ag; Rock samples up to 7.3 g/t Au and 389 g/t Ag; North block: North alteration zone (3.2-kilometre-by-1.5-kilometre area): Two-metre chip sample -- 5.6 g/t Au and 106 g/t Ag (Oct. 19, 2023, news release); Historic mine working sample -- 3.2 g/t Au and 1,225 g/t Ag (March 8, 2024, news release). Gran Pilar drill highlights: 2025 diamond drilling highlights include: 83.5 m of 1.3 g/t Au, including 9.7 m of 10.3 g/t Au (March 11, 2025, news release); 97.4 m of 0.7 g/t Au, including 36.3 m of 1.6 g/t Au (March 19, 2025, news release); 64.9 m of 1.2 g/t Au, including 3.0 m of 21.6 g/t Au and 209 g/t Ag (March 26, 2025, news release); 46.9 m of 0.5 g/t Au, including 2.6 m of 7.2 g/t Au and 80 g/t Ag (April 16, 2025, news release); 2025 reverse circulation drilling highlights include: 106.8 m of 0.6 g/t Au, including 3.1 m of 19.4 g/t Au (Feb. 25, 2025, news release); 41.2 m of 1.0 g/t Au, including 6.1 m of 5.4 g/t Au (May 7, 2025, news release); 2024 RC drilling highlights (all lengths are drilled thicknesses): 42.7 m of 1.0 g/t Au, including 3.1 m of 10.9 g/t Au; 56.4 m of 1.0 g/t Au, including 3.1 m of 14.7 g/t Au; 16.8 m of 0.8 g/t Au and 19 g/t Ag; 2022 phase 3 diamond drilling highlights (all lengths are drilled thicknesses): 116.9 m of 1.2 g/t Au, including 10.2 m of 12 g/t Au and 23 g/t Ag; 108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and five g/t Ag; 63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag; 2021 phase 2 RC drilling highlights (all lengths are drilled thicknesses): 39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au; 47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag; 29 m of 0.7 g/t Au; 35.1 m of 0.7 g/t Au; 2020 phase 1 RC drilling highlights (all lengths are drilled thicknesses): 94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag; 41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag; 24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag; 15,000 m of historic core and RC drilling; highlights include: 61.0 m of 0.8 g/t Au; 21.0 m of 38.3 g/t Au and 38 g/t Ag; 13.0 m of 9.6 g/t Au; 9.0 m of 10.2 g/t Au and 46 g/t Ag. Pilar bulk sample summary: 62-per-cent recovery of gold achieved over 46-day leaching period; Head grade calculated at 1.9 grams per tonne Au and seven g/t Ag; extracted grade calculated at 1.2 g/t Au and three g/t Ag; Bulk sample only included coarse fraction of material (three-fourths of an inch to one-eighth of an inch); Fine fraction (minus one-eighth of an inch) indicates rapid recovery with agitated leach: Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent recovery of silver after rapid 24-hour retention time. Additional metallurgical studies: Gravity recovery with agitated leach results of five composite samples returned: 95- to 99-per-cent recovery of gold; 73- to 97-per-cent recovery of silver; Includes the recovery of 99 per cent gold and 73 per cent silver from drill core composite at 120-metre depth. About Tocvan Ventures Corp. Tocvan Ventures is a dynamic exploration and development company 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-per-cent interest in over 21 square kilometres 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. The company also maintains a 51-per-cent interest in a one-square-kilometre joint venture area with Colibri Resources, further expanding its footprint. 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-per-cent-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-per-cent gold recovery and 97-per-cent 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 59 million shares outstanding, Tocvan is committed to unlocking the full potential of its assets through innovative exploration, strategic development and investor-focused initiatives. Quality assurance/quality control Rock and drill samples were shipped for sample preparation to ALS Ltd. in Hermosillo, Sonora, Mexico, and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Overlimits for gold (greater than 10 g/t) were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Overlimit analyses for silver (greater than 100 g/t) were reassayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the company's robust quality assurance/quality control protocol. Soil samples were shipped for sample preparation to ALS in Hermosillo, Sonora, Mexico, and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold and multielement analysis of soils was completed by aqua regia digestion and ICP-MS finish using a 50-gram nominal weight. Overlimit gold values greater than one g/t were reassayed with a more robust aqua regia digestion and ICP-MS finish. Overlimit analyses for silver (greater than 100 g/t) were reassayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising blank samples and certified reference materials were systematically inserted into the sample stream and analyzed as part of the company's robust quality assurance/quality control protocol. Mr. Sutherland, chief executive officer for Tocvan and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release. We seek Safe Harbor.