Northwire Canada EditionTuesday, August 11, 2026
Northwire
OMI 0.270 −5.3% CUEX 0.090 +5.9% RAK 0.170 −2.9% TGOL 0.140 +12.0% DEC 0.085 +0.0% NWST 0.285 +0.0% CDA 0.900 +5.9% AVL 5.10 +1.0% FSY 0.570 +0.0% GTC 0.760 +7.0% FCI 0.460 +4.5% IDEX 0.370 +7.2% MERG 0.940 +13.2% CNL 19.94 +0.8% ALGR 0.620 −4.6% MEK 0.050 +0.0% OMI 0.270 −5.3% CUEX 0.090 +5.9% RAK 0.170 −2.9% TGOL 0.140 +12.0% DEC 0.085 +0.0% NWST 0.285 +0.0% CDA 0.900 +5.9% AVL 5.10 +1.0% FSY 0.570 +0.0% GTC 0.760 +7.0% FCI 0.460 +4.5% IDEX 0.370 +7.2% MERG 0.940 +13.2% CNL 19.94 +0.8% ALGR 0.620 −4.6% MEK 0.050 +0.0%

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Original News Release

Inventus Mining begins phase 2 drilling at Pardo

Mr. Wesley Whymark reports INVENTUS ACCELERATES GROWTH AT PARDO: PHASE 2 DRILLING COMMENCES AS BULK SAMPLE PROCESSING NEARS Inventus Mining Corp.'s phase 2 drill program has commenced at the 100-per-cent-owned Pardo gold project, located 65 kilometres northeast of Sudbury, Ont. The new program marks an exciting next step in advancing Pardo toward its first resource estimate and future production permitting. Highlights: Phase 2 drilling under way: 98 shallow holes planned totalling approximately 2,500 metres designed to expand and confirm continuity of the flat-lying gold mineralization at Pardo; Building toward a maiden resource: new drilling follows up on one of the thickest mineralized intersections to date (see Sept. 4, 2025, news release) and provides data for the project's first mineral resource estimate; Bulk sample processing imminent: 5,000-tonne 007 North bulk sample scheduled for processing at McEwen Inc.'s Stock mill on Nov. 1, 2025, providing a key milestone validating grade, recoveries and near-term cash flow potential. Phase 2 drilling under way The phase 2 program will consist of 98 shallow holes totalling approximately 2,500 metres designed to test the continuity of the shallow and flat-lying gold mineralization toward the northwest and southeast. The program will build on earlier drilling results, where hole PD-25-87 intersected the thickest mineralized zones identified to date that returned 6.47 metres of 2.16 grams per tonne gold, including 2.65 metres of 3.87 grams per tonne gold and a high-grade core returning 0.85 metre of 9.41 grams per tonne gold (see Sept. 4, 2025, news release). The objective of this drilling phase is to expand and demonstrate continuity of the near-surface gold mineralization, which will provide additional data for an initial mineral resource estimate (MRE) on the project. The MRE will serve as the foundation for the company's planned mine production permit, which Inventus aims to complete within the next 12 months to transition from bulk sampling to surface strip mine production. The flat-lying, near-surface gold mineralization at Pardo allows for rapid, low-cost and highly efficient drilling, enabling Inventus to quickly expand the mineralized footprint and fast-track the project. Bulk sample program update Inventus would like to report that it has received a revised date from McEwen for processing the 4,816-tonne 007 North bulk sample at the Stock mill, which is now scheduled for Nov. 1, 2025. Grade control drilling of the 007 North bulk sample returned a weighted average grade and thickness of 3.84 grams per tonne gold and 1.82 metres (see news June 4, 2025). The company views its bulk sampling program as a key milestone to confirm grade and recoveries of the Pardo gold mineralization and provide potential cash flow to support continuing exploration. Wesley Whymark, president and head of exploration, commented: "It's an exciting time for Inventus. Our phase 2 drill program is targeting the thickest gold intersections we've seen to date. These shallow holes are designed to continue expanding the footprint of mineralization and provide additional data for Pardo's first resource estimate. At the same time, the upcoming bulk sample processing will demonstrate the project's strong economics and mark a major milestone, establishing Pardo as a potential near-term, surface-mining operation." About Inventus Mining Corp. Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ont. Inventus has a 100-per-cent interest in its principal assets: the Pardo paleoplacer gold project and the Sudbury 2.0 critical mineral project, located northeast of Sudbury. The Pardo gold project is the first important paleoplacer gold discovery in North America. Inventus has approximately 205 million common shares outstanding. Qualified person The qualified person responsible for the technical content of this news release is Inventus's president and head of exploration, Wesley Whymark, PGeo, who has reviewed and approved the technical disclosure in this news release on behalf of the company. We seek Safe Harbor.
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