Inventus Reports Final Phase 2 Drilling Results at Pardo Ahead of Maiden Resource Estimate

Inventus Mining Corp. (IVS) has reported the final 89 holes of its Phase 2 drill program at the 100%-owned Pardo “River of Gold” paleoplacer gold project in Ontario. These results add to the 100 holes reported on September 23, 2026, completing the Phase 2 assay dataset ahead of a maiden mineral resource estimate targeted for mid-November 2026.

Key shallow Main Layer (MiBC) intervals reported include: - PD-26-404: 10.81–13.00 m, 2.19 m @ 4.47 g/t Au, including 11.23–11.73 m, 0.50 m @ 12.41 g/t Au. - PD-26-406: 14.98–17.17 m, 2.19 m @ 3.39 g/t Au, including 15.65–15.95 m, 0.30 m @ 16.01 g/t Au. - PD-26-422: 9.41–11.07 m, 1.66 m @ 3.31 g/t Au, including 10.15–10.77 m, 0.62 m @ 7.25 g/t Au. - PD-26-424: 12.98–15.31 m, 2.33 m @ 2.37 g/t Au, including 13.48–13.88 m, 0.40 m @ 8.63 g/t Au. - PD-26-463: 8.86–12.96 m, 4.10 m @ 1.79 g/t Au, including 11.04–12.46 m, 1.42 m @ 4.84 g/t Au. - PD-26-480: 9.50–11.89 m, 2.39 m @ 1.65 g/t Au, including 10.50–11.43 m, 0.93 m @ 3.71 g/t Au.

Additional Main Layer intervals include PD-26-418 with 1.06 m @ 2.56 g/t Au, PD-26-419 with 2.45 m @ 1.54 g/t Au, and PD-26-459 with 2.78 m @ 1.33 g/t Au.

Broader stacked-layer intervals reported are: - PD-26-486: 30.20–35.35 m, 5.15 m @ 0.97 g/t Au, including 31.64–32.00 m, 0.36 m @ 8.54 g/t Au. - PD-26-487: 26.90–37.16 m, 10.26 m @ 0.51 g/t Au, including 30.52–30.94 m, 0.42 m @ 4.73 g/t Au. - PD-26-485: 28.84–38.61 m, 9.77 m @ 0.45 g/t Au, including 29.19–29.55 m, 0.36 m @ 3.63 g/t Au. - MiPC: PD-26-482 with 3.93 m @ 0.24 g/t Au. - MiBS: PD-26-487 with 3.66 m @ 0.34 g/t Au.

Phase 3 drilling has commenced, consisting of approximately 6,000 m in 155 holes. This program is designed to expand the drilled area from 1.2 km² to 3.55 km². The company also cites approximately 10,000 t of stockpiled material and a further 20,000 t permitted for bulk sampling.

Inventus Mining Corp. (IVS) is a pre-resource gold explorer and developer that generates small-scale cash flow from bulk sampling but does not yet hold producing reserves. With a market capitalization of approximately C$53 million, the company’s equity is sensitive to resource-scale developments. This recent release marks the completion of Phase 2 assays rather than a new discovery.

The latest results are comparable to the prior highlight from the September 23 release, which identified hole PD-26-348 in the Main Layer with an intercept of 4.96 g/t Au over 2.09 m, or approximately 10.4 g-m, from a depth of 2.72 m. The new best hole, PD-26-404, returned approximately 9.8 g-m at 4.47 g/t Au over 2.19 m, representing a slightly lower grade but similar width to the previous anchor.

Following the September 23 announcement, the stock closed at C$0.28 on that date and C$0.24 on October 27, 2026, near its 52-week low of C$0.22. The current release does not expand the system with new assays, establish a new zone, or alter the scale case beyond what Phase 2 already indicated. The next significant event is the maiden mineral resource estimate (MRE) scheduled for mid-November, which will include tonnage, grade, cutoff, strip ratio, and confidence classification.

Inventus Mining Corp. (TSXV: IVS) is a Sudbury-area gold exploration and development company. Its principal asset is the 100%-owned Pardo paleoplacer gold project, located 65 km northeast of Sudbury, Ontario, with year-round road access. Pardo is described as the first important paleoplacer gold discovery in North America. The company is pursuing a shallow Main Layer direct-ship-ore concept, supplemented by bulk sampling and evaluation of heap leaching and ore sorting for lower-grade material.

The company also holds the Golden Rose property, acquired from Conquest Resources via 8,000,000 shares at a deemed C$0.295/share plus a 2.0% NSR, with a 0.5% buyback for C$1,000,000. It is a past-producing high-grade BIF-hosted gold mine 14 km from Pardo, featuring a shaft, decline, seven underground levels, and a previously permitted tailings facility. The historical estimate of 2.25 Mt @ 8.3 g/t Au for ~600,900 oz is non-43-101 and not treated as a current resource.

Sudbury 2.0 is a critical-minerals project in the same region. The presentation cites a 681 km² regional land position after the Golden Rose acquisition.

Prior-period financial context, not disclosed in today’s release, indicates that Q1-2026 net income was C$398,803, driven by C$2.54 million in bulk sample sales and a C$200,000 grant. Cash was C$2.27 million and working capital was ~C$0.9 million. FY2025 net loss was C$2.93 million. The presentation cites ~221 million shares outstanding, ~241 million fully diluted, and 51% strategic ownership by Rob McEwen/Eric Sprott/McEwen Inc./insiders. No formal PEA/NPV is provided; the presentation targets a PEA in Q4 2027.