Tocvan Strengthens Board with Appointment of Anna Ladd-Kruger

Executive Summary

• Tocvan Ventures appoints seasoned mining executive Anna Ladd‑Kruger as an independent director, accompanied by a grant of 300,000 stock options.
• The release furnishes extensive recent drilling highlights from the Gran Pilar Gold‑Silver Project, including multiple high‑grade Au and Ag intercepts from 2025 diamond and RC programs.
• Metallurgical bulk‑sample work demonstrates strong recoveries (up to 99% Au, 97% Ag) supporting near‑term production potential.

Key Details

• Board Appointment
• Anna Ladd‑Kruger appointed independent director, effective immediately.
• Background: former Chair & Audit Chair at Integra Resources, CFO roles at McEwen Mining, Excellon Resources, Trevali Mining; involved in > US$1 billion of financings and a US$1.7 billion acquisition (Coeur Mining, 2025).
• Option Allocation
• 300,000 stock options granted to Anna Ladd‑Kruger at $1.18 per share.
  • 150,000 vest immediately; 150,000 vest in 12 months.
  • Expiration: January 14 2031.

• Additional 200,000 options granted to consultants on identical terms.

• Gran Pilar Drilling Highlights – 2025 Diamond Drilling

• 83.5 m @ 1.3 g/t Au (incl. 9.7 m @ 10.3 g/t Au) – March 11, 2025.
• 97.4 m @ 0.7 g/t Au (incl. 36.3 m @ 1.6 g/t Au) – March 19, 2025.
• 64.9 m @ 1.2 g/t Au (incl. 3.0 m @ 21.6 g/t Au and 209 g/t Ag) – March 26, 2025.

• 46.9 m @ 0.5 g/t Au (incl. 2.6 m @ 7.2 g/t Au and 80 g/t Ag) – April 16, 2025.

• Gran Pilar RC Drilling Highlights – 2025

• 106.8 m @ 0.6 g/t Au (incl. 3.1 m @ 19.4 g/t Au) – Feb 25, 2025.

• 41.2 m @ 1.0 g/t Au (incl. 6.1 m @ 5.4 g/t Au) – May 7, 2025.

• Historical Drill & RC Highlights (2024‑2020)

• Multiple intercepts ranging from 0.5 g/t to >21 g/t Au and up to 209 g/t Ag across various depths and zones (South Block, North Block, historic core).

• Notable historic results: 61.0 m @ 0.8 g/t Au; 21.0 m @ 38.3 g/t Au & 38 g/t Ag; 13.0 m @ 9.6 g/t Au.

• Metallurgical Bulk Sample Results

• 62% gold recovery over a 46‑day leach (head grade 1.9 g/t Au, 7 g/t Ag; extracted grade 1.2 g/t Au, 3 g/t Ag).
• Agitated bottle‑roll test: 80% Au & 94% Ag recovery after 24 h.

• Gravity‑leach tests on five composites: 95–99% Au and 73–97% Ag recoveries; up to 99% Au & 73% Ag from drill core at 120 m depth.

• Project Overview

• Gran Pilar covers >22 km² with two primary target zones (South Block expansion, North Block alteration zone).

• Soil and rock sampling indicate high‑grade near‑surface anomalies (e.g., 21.2 g/t Au in soils; 7.3 g/t Au & 389 g/t Ag in rocks).

• Quotes

• “We are thrilled to welcome Anna to Tocvan's Board of Directors… her deep financial acumen … will be instrumental as we advance our flagship Gran Pilar and El Picacho gold projects toward resource definition and potential production.” – Brodie Sutherland, President & CEO.

Notable Quotes

• Brodie Sutherland (CEO): “Her deep financial acumen, experience in guiding junior miners through growth phases, and strong focus on governance and ESG will be instrumental as we advance our flagship Gran Pilar and El Picacho gold projects in Sonora, Mexico, toward resource definition and potential production.”