Tocvan Ventures drills 5,300 m to date at Gran Pilar

• Tocvan Ventures provided an operations update on its Gran Pilar Gold-Silver Project in Sonora, Mexico as of May 11, 2026.
• The company reports over 5,300 metres drilled to date within a fully funded 20,000-metre drill program.
• Results are pending for 21 drill holes totaling over 4,400 metres, representing a significant portion of the current campaign.
• Historic underground mine workings have been identified on the South block along the El Mezquite trend.
• A long-term community agreement has been signed granting surface access and permission for exploration and pilot production.
• Processing plant equipment for a 50,000-tonne pilot mine facility has been ordered.
• Metallurgical results indicate high recovery potential: 62% gold recovery in bulk sample leaching, up to 99% gold recovery via gravity methods.

• The news confirms execution of the previously announced 20,000-metre drill program and pilot mine infrastructure plans.
• Key milestones such as the community agreement and equipment ordering were disclosed in prior updates (April 15, 2026), reducing the novelty factor of this release.
• The identification of historic underground workings is positive but aligns with previous exploration targets rather than representing a new discovery zone.
• Pending assay results for 4,400 metres represent the primary variable; while potential upside exists, the lack of immediate data limits material impact on valuation today.
• The market has already priced in the financing and drilling program progress, evidenced by the stock price correction from January/February highs despite positive operational news flow.

• Company: Tocvan Ventures Corp., focused on gold-silver exploration in Sonora, Mexico.
• Flagship Project: Gran Pilar Gold-Silver Project, covering over 22 km² with South Block and North Block target zones.
• Development Stage: Transitioning from exploration to pilot mine development; fully permitted for a 50,000-tonne heap-leach facility.
• Jurisdiction: Mexico (Sonora), known for mining activity but carries jurisdictional risks regarding permitting and community relations.
• Management: Led by CEO Brodie Sutherland, with recent appointments including Darin Wagner as special adviser and Anna Ladd-Kruger to the Board.