G Mining Ventures Corp. provide an update on progress made at GMIN's 100%-owned Tocantinzinho Gold Project ("TZ" or the "Project") currently under construction in the State of Pará, Brazil. With the spot gold price trading close to $2,400/oz, the Project is 93% complete and remains on track and on budget for commercial production in H2-2024.

Recent Highlights: Health & Safety ? Industry leading safety record of Lost Time Incident Frequency Rate ("LTIFR") of 0.04, and Total Recordable Incident Frequency Rate ("TRIFR") of 0.31 after a total of 5,174,356 person-hours worked. Schedule ?Total Project is currently 93% complete and trending on time for commercial production in H2-24.

Construction Progress ? Construction is 95% complete, with favourable project-to-date productivity factor of 1.14. Mill installation is imminently mechanically complete.

Pre-production Mining ? Pre-production mining continues to progress above budget, having excavated 12.4 million tonnes ("Mt") of material from the starter pit, including 1.5 Mt of ore to the stockpile. Powerline ?

193-km 138 kV transmission line from Novo Progresso to TZ and associated substations are complete and energized. Operational Readiness ? All operations personnel hired, training ongoing, consumables/inventory parts procured.