Tocvan adds mining equipment to Gran Pilar

• Operations Update: Tocvan Ventures has mobilized heavy mining equipment (dozer, excavator, haul truck) to the Gran Pilar project in Sonora, Mexico.
• Objective: The deployment supports expanded trenching, road construction, and material handling for pilot-scale development.
• Drilling Status: A 20,000-metre drill program is ongoing; results for nine exploration holes are currently pending.
• Exploration Results: Recent surface sampling at the Central Magnetic trend identified mineralization up to 1.2 g/t Au and 11 g/t Ag.
• Metallurgy: Testing continues to show high recovery potential, with gravity recovery reaching up to 99% for gold.
• Pilot Development: Bulk testing material has been sent to a processing plant constructor and local lab for pilot optimization.

• Incremental Progress: The mobilization of equipment is an expected operational step following the February 2026 financing and January 2026 pilot mine permitting announcements. It confirms execution but does not introduce new financial or resource data.
• Pending Catalysts: The core value driver remains the pending assay results for nine exploration holes. Until these are released, the news is speculative regarding grade continuity.
• Market Context: The stock has declined from a high of $1.25 in February 2026 to $0.79 in April 2026. This suggests the market may have already priced in the financing and pilot progress, or is awaiting definitive drill results before re-rating.
• Risk of Disappointment: With nine holes pending, there is a risk that results could miss expectations, potentially driving prices lower toward previous support levels.

• Company: Tocvan Ventures Corp., focused on gold-silver exploration in Sonora, Mexico.
• Flagship Project: Gran Pilar Gold-Silver Project (100% owned).
• Project Status: Transitioning from exploration to pilot mine development. Fully permitted for a 50,000-tonne heap-leach facility and >30,000m of drilling.
• Key Zones: South Block (Main Zone expansion) and North Block (new silver discovery).
• Metallurgy: Bulk sample testing shows 62% gold recovery over 46 days; gravity/agitated leach tests show up to 99% Au and 97% Ag recovery.