Tocvan Ventures receives permit OK for pilot mine plant

Mr. Brodie Sutherland reports TOCVAN SECURES FULL PERMIT APPROVAL FOR PILOT MINE FACILITY AT GRAN PILAR GOLD-SILVER PROJECT Tocvan Ventures Corp. has received permit approval for the development of a 50,000-tonne pilot mine facility at its flagship Gran Pilar gold-silver project in Sonora, Mexico. This milestone, combined with the previously announced drilling and trenching permits, marks a significant step forward in advancing the project toward production. Highlights: Permit for 10-year pilot mine facility approved; 50,000-tonne-capacity heap-leach pad; 4.5-hectare infrastructure layout with hydrometallurgical processing facility; Fully permitted for pilot mine development and exploration across 100-per-cent-controlled Gran Pilar; Operational goals for pilot: 50,000 tonnes; 1.2 grams per tonne gold; 70-per-cent recovery. The approved pilot mine facility will allow Tocvan to process up to 50,000 tonnes of material, enabling the company to test and optimize extraction methods while generating early cash flow potential. This permit complements the recently secured approvals for 45 drill pads and 67 trenches across the 100-per-cent-controlled, 21-square-kilometre expansion area, which support over 30,000 metres of drilling capacity to target high-grade gold and silver zones. Recent drilling successes, including 6.1 m of 5.4 g/t Au and 39 g/t silver within 41.2 m of 1.0 g/t Au and 10 g/t Ag (JES-25-114, announced May 7, 2025), and 3.1 m of 19.4 g/t Au within 106.6 m of 0.6 g/t Au near surface (announced Feb. 25, 2025), underscore the project's robust potential. "We are thrilled to receive this permit approval for the pilot mine facility, a critical component in our strategy to fast-track Gran Pilar toward production," said Brodie A. Sutherland, chief executive officer of Tocvan Ventures. "This approval, alongside our extensive drilling and trenching permits, positions us to aggressively advance exploration and development while leveraging record-high gold prices to maximize shareholder value. Sonora's mine-friendly environment and our team's commitment to operational excellence make this an exciting time for Tocvan." The pilot mine facility will focus on processing material from high-grade zones identified through continuing exploration. Metallurgical studies have already demonstrated strong recovery rates, with 62-per-cent gold recovery over a 46-day leaching period and up to 99-per-cent gold recovery in gravity recovery tests, further validating the project's economic potential. The approved trenching program will support systematic channel sampling and structural analysis to optimize material for the pilot mine, ensuring efficient operations. The company intends to focus exploration and pilot mine development exclusively on its 100-per-cent-controlled ground, maximizing shareholder value and showcasing the broader upside potential. Pilar drill highlights: 2024 reverse circulation 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 silver; 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.