Inventus continues bulk sampling, drilling at Pardo

Executive Summary

• Inventus Mining Corp. provides an operational update on its Pardo "River of Gold" project, confirming that processing of the Trench 1 bulk sample is underway at McEwen Inc.'s Stock mill.
• The company has completed seven additional drill holes since its previous release, bringing the total to 47 holes with assay results pending, aimed at defining flat-lying gold mineralization for an initial resource estimate.
• Bulk sampling activities are advancing on time and within budget, with Trench 1 North waste removal complete and extraction expected to commence shortly, supporting grade validation and metallurgical performance.

Key Details

• Bulk Sampling (Trench 1): Processing of 5,000 tonnes of the 10,128-tonne Trench 1 bulk sample is currently underway at McEwen's Stock mill.
• Bulk Sampling Permit Status: The material is extracted under a 50,000-tonne bulk sample permit; only 10,000 tonnes have been processed to date.
• Bulk Sampling (Trench 1 North): The 10,000-tonne Trench 1 North bulk sample is advancing on time and within budget. Waste material has been blasted and removed, fully exposing gold mineralization for extraction.
• Next Bulk Sampling Steps: Drilling and blasting of the mineralized material at Trench 1 North are expected to commence shortly, followed by on-site crushing and transport for processing.
• Drilling Progress: Seven additional drill holes have been completed since the Jan. 22, 2026 release.
• Total Drill Holes: 47 drill holes have been completed in total, with assay results pending.
• Drilling Strategy: Phase 2 drilling follows a staged approach: wider-spaced stepout drilling to confirm mineralization, followed by infill drilling for grade estimation, and grade-control drilling for future extraction.
• Objective: Activities are intended to derisk development assumptions, support grade validation, generate operational cash flow, and prepare for an initial resource estimate.

Notable Quotes

• "With Trench 1 processing now under way and Trench 1 North advanced to the extraction phase, we are executing our bulk sampling strategy on time and in budget. At the same time, continued drilling is strengthening our understanding of grade continuity and will support an initial resource estimate for the property. These activities collectively represent an important step in advancing Pardo toward potential development and production." — Wesley Whymark, President and Head of Exploration