G MINING VENTURES CRP NEW - GMINF STOCK NEWS

G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) announced it has drawn approximately $91 million from its $250 million gold stream with Franco-Nevada. This funding is aimed at the development of the Tocantinzinho Gold Project in Brazil, which is on schedule for commercial production in H2-2024. GMIN also initiated a $40 million Equipment Financing Facility with Caterpillar Financial Services. CEO Louis-Pierre Gignac remarked on the progress and funding satisfaction, reinforcing stakeholder confidence in the project's development.

G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) reported progress at its Tocantinzinho Gold Project, announcing that it remains on track for commercial production in H2-2024. As of January 31, 2023, detailed engineering is 62% complete, and procurement is 88% complete with total project commitments of $235 million. The project has employed 1,100 workers, predominantly from Brazil, with a strong safety record of over 856,000 man-hours without Lost Time Incidents. Significant milestones include infrastructure upgrades and procurement of major equipment. A virtual site tour is available for stakeholders.

On February 6, 2023, G Mining Ventures Corp. (GMIN) granted 41,292 Restricted Share Units (RSUs) and 91,752 Stock Options to its Vice President, Investor Relations & Communications, as part of its omnibus equity incentive plan. Each RSU allows the holder to receive one Common Share or cash equivalent at market value. The Stock Options are exercisable for five years at C$0.89, with vesting occurring in thirds over three years. G Mining Ventures focuses on acquiring, exploring, and developing precious metal projects, aiming to grow into a mid-tier producer, anchored by its Tocantinzinho Gold Project in Brazil.

G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) has announced the promotion of Mr. Dušan Petković to Senior Vice President, Corporate Strategy, effective immediately. Petković co-founded GMIN in October 2020 and previously served as Vice President, Corporate Development & Investor Relations. He has been instrumental in securing a US$481 million financing package for the company's flagship Tocantinzinho Gold Project. This promotion reflects Petković's impactful contributions to the company, and CEO Louis-Pierre Gignac expressed confidence in his ability to continue creating value in his new role.

G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) announced on January 30, 2023, that it has secured conditional approval from the TSX Venture Exchange for a new omnibus equity incentive plan, replacing the existing 2019 stock option plan. The new plan permits the issuance of various equity awards, limited to 7.5% of outstanding shares. Currently, there are 8,822,888 options outstanding under the 2019 Plan. The Corporation granted 3,151,199 stock options with an exercise price of C$0.80, and directors and officers received 900,000 deferred share units and 752,188 restricted share units, respectively, each with specific vesting terms.