G Mining Ventures Provides Tocantinzinho Project Development Update and Announces Appointment of Key Senior Personnel

• Initiation of early works activities at Tocantinzinho in preparation for full construction
• Deployment of "Self-Perform" execution model initiated with additions of key personnel
• Advancing procurement and commitments for long lead items, forecast to total $47 million by June
• Labor agreement with local union agreed to in principle
• Expanded Tapajos land package by 45% totaling 996km², providing additional exploration potential
• Preparing for construction decision in H2-22

BROSSARD, QC / ACCESSWIRE / May 26, 2022 / G Mining Ventures Corp. ("GMIN" or the "Corporation") is pleased to provide an update on key developments on its 100% owned Tocantinzinho Gold Project ("TZ" or the "Project"). Additionally, GMIN is pleased to announce the appointment of key staff members as the Corporation looks to execute on its objective of advancing the Project towards a construction decision in H2-22.

Louis-Pierre Gignac, President & Chief Executive Officer, commented: "GMIN is advancing the TZ project with a comprehensive early works program, including commencement of detailed engineering, the start of early-stage construction activities including upgrades to the camp and to the surrounding infrastructure, procurement of long lead items, establishment of a logistics base, and planning for access road improvements. We are very pleased to add a number of talented and experienced staff to the GMIN team, many of the individuals being familiar faces from past projects. We have assembled an exceptional team to continue the advancement of TZ into one of the biggest primary gold mines in Brazil, with commercial production targeted to commence in the second half of 2024."

Tocantinzinho Development Update

Since the release of the TZ Feasibility Study (as detailed in the press release dated February 9, 2022) the Corporation has advanced development of the TZ project on several fronts.

Health & Safety

Year to date, a total of 71,060 hours has been worked without any lost time incident. The health and safety of employees, contractors and other stakeholders is at the forefront of the Corporation's values and objectives.

Labor Agreement

GMIN has agreed in-principle to a new collective bargaining agreement with the local mining union, Sindicato dos Trabalhadores nas Indústrias de Extração e Beneficiamento de Minérios Ferrosos e não Ferrosos dos Estados do Amapá e Pará. The agreement will take effect on August 1^st, has a term of two years, and is intended to cover the construction phase as well as the initial phase of operation. The agreement will enable the implementation of a 2 week-on / 2 week-off roster schedule for the Project, and establishes the details of the benefits packages.