Inventus Mining Completes Private Placement Financing - Seite 2

Early Warning Report

Evanachan Limited, a company owned and controlled by Rob McEwen has acquired 2,381,000 Units for gross proceeds of $250,005. Immediately prior to the closing of the Offering, Mr. McEwen beneficially owned 23,035,833 Common Shares and 1,200,000 Common Share purchase warrants of the Company (representing approximately 20.9% of the total issued and outstanding Common Shares on a non-diluted basis, or approximately 21.7% of the total issued and outstanding Common Shares on a partially diluted basis) and, accordingly, is an “insider” of the Company. The acquisition of 2,381,000 Units by Evanachan Limited in connection with the Offering will be considered a "related party transaction" pursuant to MI 61-101. The Company is relying on an exemption from the formal valuation requirements of MI 61-101 available on the basis of the Company not being listed on a specified stock exchange, including the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ and certain overseas exchanges. The Company is also relying on the exemption from minority shareholder approval requirements under MI 61-101, as the fair market value of the participation in the Offering by Evanachan Limited does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

Following the acquisition of Units pursuant to the Offering, Mr. McEwen beneficially owns 25,416,833 Common Shares and 3,581,000 Common Share purchase warrants of the Company (representing approximately 20.7% of the total issued and outstanding Common Shares on a non-diluted basis, or approximately 23.0% of the total issued and outstanding Common Shares on a partially diluted basis). The Units were acquired by Mr. McEwen for investment purposes, and depending on market and other conditions, he may from time to time in the future increase or decrease his ownership, control or direction over securities of the Company through market transactions, private agreements, or otherwise. For the purposes of this notice, the address of Mr. McEwen is 150 King St. West, Suite 2800, Toronto, ON M5H 1J9. In satisfaction of the requirements of the National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an early warning report respecting the acquisition of Units by Rob McEwen will be filed under the Company’s SEDAR Profile at www.sedar.com.