Inventus Announces Early Warrant Exercise BY Mcewen Mining and Begins Grade Control Drilling at Pardo
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NEWS RELEASE
May 6, 2025 TSX-V Trading Symbol: IVS
INVENTUS ANNOUNCES EARLY WARRANT EXERCISE BY MCEWEN MINING
AND BEGINS GRADE CONTROL DRILLING AT PARDO
TORONTO, ONTARIO (May 6, 2025) – Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the
“Company”) is pleased to announce that McEwen Mining (“ MUX”) has exercised 9,200,000
common share purchase warrants as part of the early warrant exercise incentive program for
gross proceeds of $828,000. Proceeds from the warrant exercise will be used to advance the
Company’s 2025 bulk sampling program at its 100% -owned Pardo Gold Project, located 65 km
northeast of Sudbury, Ontario.
Highlights
• McEwen Mining exercises 9,200,000 common share purchase warrants for gross
proceeds of $828,000.
• Grade control drilling at Pardo is now underway in preparation for the company’s bulk
sample plans.
As part of the bulk sampling plan, Inventus has now commenced grade control drilling at Pardo
with the intent to better define zones of mineralization in preparation for extraction. The drilling
will consist of approximately 50 shallow holes targeting mineralization within 5 metres of surface
and is expected to be completed within four weeks. Previous bulk samples at Pardo have
demonstrated strong grades, including 3.4 gpt gold in 5,000 tonnes (see release Sept 27th, 2022)
and 4.2 gpt gold in 1,000 tonnes (see release Jan 3 rd, 2018), conducted in 2022 and 2017
respectively, validating the potential for low-cost surface mining.
Wesley Whymark, President and Head of Exploration comments: “We are extremely pleased
by McEwen Mining’s continued support through their participation in the early warrant exercise
program. This funding will directly support the execution of our 2025 bulk sampling plans. With
grade control drilling now underway, we are taking steps to better define the thickness and gold
grade of our bulk sample sites in preparation for extraction and processing.”
This development follows Inventus’ recently signed Memorandum of Understanding with McEwen
Mining to evaluate the feasibility of processing bulk sample material at McEwen’s Stock Mill
facility. If deemed viable, Inventus intends to process up to 45,000 tonnes of material from Pardo
over the next 12 months.
For further information visit www.inventusmining.com, or contact:
Mr. Wesley Whymark
President and Head of Exploration
Inventus Mining Corp.
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E-mail: [email protected]
Phone: 705-822-3005
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 Critical Mineral Project located northeast of Sudbury. Pardo is
the first important paleoplacer gold discovery found in North America. Inventus has approximately
192 million common shares outstanding.
Qualified Person
The Qualified Person responsible for the technical content of this news release is Inventus’
President and Head of Exploration, Wesley Whymark, P.Geo., who has reviewed and approved
the technical disclosure in this news release on behalf of the Company.
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”, “undeter mined”,
“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 curre ntly available to the Company, the Company provides no
assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual events, results, performance, pros pects and
opportunities to differ materially from those expressed or implied by such forward -looking information.
Forward-looking information in this news release includes, but is not limited to, the Company’s objectives,
goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral
resources, exploration and mine development plan s, timing of the commencement of operations and
estimates of market conditions. Factors that could cause actual results to differ mate rially from such
forward-looking information include, but are not limited to the failure to identify mineral resources, failure to
convert estimated mineral resources to reserves, the inability to complete a feasibility study which
recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining
or failures to obtain required governmental, environmental or other project approvals, political risks, inability
to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the
availability and costs of financing needed in the future, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of projects, capital a nd
operating costs varying significantly from estimates and the other risks involved in the mineral exploration
and development industry, and those risks set out in the Company’s public documents filed on SEDAR +.
Although the Company believes that the assu mptions 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.