G Mining Ventures Corp. announced the early completion and commissioning of its power transmission line project, supplying renewably generated power to GMIN's 100% owned Tocantinzinho Gold Project currently under construction in the State of Pará, Brazil. The 193 km, 138 kilovolt powerline will be energized ahead of process plant commissioning, well in advance of commercial production in H2-2024.

The TZ Project is now connected to the Brazilian electrical grid and beginning to leverage numerous benefits as announced previously on June 1, 2023, including: Fixed energy pricing for 2024, 2025 and 2026 at ~25% lower than estimates used in the 2022 Feasibility Study; and Guaranteed supply of certified renewable hydroelectric power, with traceability, in line with GMIN's target of being a low CO2 emission gold producer. Leoncio Vieira Neto, Transmission Line Manager, has over 10 years of experience in the energy and transmission market. During his career, he has developed, built, and operated on more than 3.0 GW of power infrastructure, responsible for more than 600 km of transmission line up to 500 kV.

Leoncio is a Civil Engineer with an MBA, specializing in both grid-connected and isolated Photovoltaics. He is fluent in English, Spanish and Portuguese. With the completion of the powerline, Leoncio will now focus his attention on operational readiness initiatives.

The overall Project remains on track and on budget for commercial production in H2-2024.