TORONTO - Inventus Mining Corp. (TSX VENTURE: IVS) ('Inventus' or the 'Company') is pleased to provide an update on its exploration program at its 100%-owned Pardo project near Sudbury, Ontario

Mini Bulk Sampling

The results from the six mini bulk samples from the 007 Zone collected in July 2021 ranged from 4.0 g/t gold to 17.1 g/t gold with an average grade of 9.2 g/t gold. The samples were extracted from one cubic metre pits and weighed approximately 3.4 tonnes each. The consistency of the gold grade from each sample indicates homogeneity of the gold and therefore is a reliable head grade for each sample. As anticipated, the mini bulk sampling program at 007 has further de-risked a key area in the planned 50,000-tonne bulk sample. Additional mini bulk samples are currently being taken from other areas where bulk sampling is permitted. This expanded mini bulk sampling program is expected to be complete this fall.

Bulk Sample Milling Agreement

Inventus has reached an agreement in principle and is working towards finalizing a term sheet with Northern Sun Mining Corp. for the use of their Redstone Mill in Timmins. The mill will be used to process the next large-scale bulk sample consisting of approximately 6,000 tonnes on material from the 007 Zone. A schedule for the commencement of the bulk sample will be provided following the receipt of customary regulatory approvals required by the mill operator. All permits for bulk sampling required by Inventus are in place

Advanced Exploration Agreement

Inventus announces the proposed issuance of 50,000 common shares and 50,000 common share purchase warrants (the 'Proposed Issuance') jointly to the Temagami First Nation and the Teme-Augama Anishnabai ('TFN/TAA'). The Proposed Issuance is pursuant to the terms of an Advanced Exploration Agreement relating to the Pardo Project entered into by the Company and TFN/TAA on June 29, 2021 (the 'Agreement'). Pursuant to the terms of the Agreement, the Company will also pay to TFN/TAA a portion of its annual expenditures or gross profit and make annual contributions to the Tom Saville memorial fund. The warrants are exercisable for a period of 5 years at $0.20. The shares and warrants are subject to a statutory four-month holding period. The issuances are subject to TSX Venture Exchange approval.

Pardo Channel Sampling

The channel samples were cut from top to bottom of the reef, emulating a diamond drill hole. The channels were located 100 m southeast of Trench 1 from a new exposed face of the mineralized conglomerate reef.

Contact:

Mr. Stefan Spears

Tel: (647) 258-0395 x280

Email: info@inventusmining.com

About Inventus Mining Corp.

Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 130,500,000 common shares outstanding.

Forward-Looking Statements

This News Release includes certain 'forward-looking statements' which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'if', 'yet', 'potential', 'undetermined', 'objective', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

(C) 2021 Electronic News Publishing, source ENP Newswire