TOC.CN · 2022-02-15 12:00:00

Tocvan Provides Update for its Pilar Au-Ag Project. Identifies Mineralized Breccia Host. Mobilizes Second Drill Rig.

Exploration Programs

PRESS RELEASE

Calgary, Alberta – February 1 5, 2022 Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is

pleased to provide an update on operations at its Pilar Au-Ag Project in Sonora, Mexico. A Phase III drill program is currently

underway following up on Main Zone expansion targets and new target areas identified in 2021. A second drill rig has been

mobilized to increase productivity, a diamond drill rig will accompany RC drilling and assist in understanding the key

geological and structural controls of mineralization.

Drilling Update

Core drilling (JES-22-59) has been successful in intersecting a heavily oxidized and fractured mineralized breccia in a twin

hole of RC drill hole JES-20 -32, completed in 2020 (94.6m at 1.6g/t Au). The strongest mineralization noted in JES-20- 32,

at 9.2m of 10.8 g/t Au and 38 g/t Ag correlates with a strongly oxidized, brecciated andesite bounded by a distinct fault

gauge. Mineralization appears to be primarily hosted in an intensely silicified breccia with pyrite and in select areas copper

sulphides (chalcopyrite and cuprite) (see Plates 1 & 2.). Assay results for JES -22-59 are pending. This information will be

integral to the planning and design of future drill programs and will provide a more accurate account of the distribution of

grade through the Main Zone, helping to define a reliable geological model and future resource estimate. At the Main Zone,

four drill holes have been completed to date totalling 684 meters.

“Although the results of JES-22-59 are visual at this stage, the direct correlation with assays results in the twin RC hole JES-

20-32, indicate our Main Zone is hosted within a mineralized breccia.”, commented CEO, Brodie Sutherland . “ This is

significant as it suggests that mineralization is not isolated to narrow veins but in places hosted in a broad breccia body

that is much more attractive as a development target. Historically Pilar has seen over 22,200 meters of RC drilling and only

1,307 meters of core drilling leaving a lot unknown about the true style and host of mineralization. What we have been able

to accomplish early on in this program will have a profound impact on how we explore Pilar moving forward. We are excited

to apply this knowledge across the property as we drill target beyond our Main Zone.”

Metallurgy Update

In addition, the Company would like to announce that it has entered a strategic arrangement with a local producer to assist

in th e advancement of metallurgical studies. A bulk sample from trench T-21 -3 (Figure 1.) has been submitted to SGS

(Durango) for column leach study. In tandem with the processing and evaluation of this material, the local producer has

agreed to process additional samples to aid in the advancement and optimization of metallurgical work. These studies have

the ultimate goal of preparing Pilar for a larger bulk test mine scenario.

Plate 1. Photos of Core from JES-22-59, twin of RC drillhole JES-20-32. 55m to 60m.

A. Major fault zone bounding mineralization.

B. Start of mineralized breccia zone.

Fault

Plate 2. Photo of Core from JES-22-59, twin of RC drillhole JES-20-32.

C. 102m to 105m, silicified mineralized breccia

Figure 1. Cross-Section of Drillhole JES-20-32

Table 1. Recap of results from RC drillhole JES-20-32

Collar Sample ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t)

JES-20-32 503989 56.43 57.95 1.53 0.10 0.80

JES-20-32 503991 57.95 59.48 1.53 3.64 14.20

JES-20-32 503992 59.48 61.00 1.53 16.50 29.20

JES-20-32 503993 61.00 62.53 1.53 10.25 70.10

JES-20-32 503994 62.53 64.05 1.53 25.00 61.90

JES-20-32 503995 64.05 65.58 1.53 7.04 42.00

JES-20-32 503996 65.58 67.10 1.52 2.18 9.60

JES-20-32 503997 67.10 68.63 1.53 0.81 6.80

JES-20-32 503998 68.63 70.15 1.53 1.11 4.90

JES-20-32 504000 70.15 71.68 1.53 0.31 7.40

JES-20-32 504001 71.68 73.20 1.53 1.21 13.30

JES-20-32 504002 73.20 74.73 1.53 0.91 10.60

JES-20-32 504003 74.73 76.25 1.53 0.65 6.30

JES-20-32 504004 76.25 77.78 1.53 0.56 11.10

JES-20-32 504005 77.78 79.30 1.52 0.85 6.20

JES-20-32 504006 79.30 80.83 1.53 0.19 2.10

JES-20-32 504008 80.83 82.35 1.52 0.16 1.00

JES-20-32 504009 82.35 83.88 1.53 0.23 1.20

JES-20-32 504010 83.88 85.40 1.53 0.25 3.10

JES-20-32 504011 85.40 86.93 1.53 0.36 6.20

JES-20-32 504012 86.93 88.45 1.53 0.48 3.20

JES-20-32 504013 88.45 89.98 1.53 0.67 2.80

JES-20-32 504014 89.98 91.50 1.53 1.14 9.40

JES-20-32 504015 91.50 93.03 1.53 1.13 5.80

JES-20-32 504016 93.03 94.55 1.52 0.44 4.30

JES-20-32 504018 94.55 96.08 1.53 0.90 4.00

JES-20-32 504019 96.08 97.60 1.52 0.78 5.00

JES-20-32 504020 97.60 99.13 1.53 0.58 6.70

JES-20-32 504021 99.13 100.65 1.53 0.64 5.20

JES-20-32 504022 100.65 102.18 1.53 0.53 2.60

JES-20-32 504024 102.18 103.70 1.53 0.96 3.90

JES-20-32 504025 103.70 105.23 1.53 0.50 3.80

JES-20-32 504026 105.23 106.75 1.53 0.32 2.80

JES-20-32 504027 106.75 108.28 1.53 0.39 2.50

JES-20-32 504028 108.28 109.80 1.52 0.19 2.10

JES-20-32 504030 109.80 111.33 1.53 1.44 2.30

JES-20-32 504031 111.33 112.85 1.52 1.60 4.20

JES-20-32 504032 112.85 114.38 1.53 0.58 2.20

JES-20-32 504033 114.38 115.90 1.53 0.47 1.80

JES-20-32 504034 115.90 117.43 1.53 0.61 4.30

JES-20-32 504036 117.43 118.95 1.53 1.24 5.10

JES-20-32 504037 118.95 120.48 1.53 3.06 4.50

JES-20-32 504038 120.48 122.00 1.53 0.33 4.80

JES-20-32 504039 122.00 123.53 1.53 0.31 4.00

JES-20-32 504040 123.53 125.05 1.52 0.07 7.90

JES-20-32 504041 125.05 126.58 1.53 0.26 21.90

JES-20-32 504043 126.58 128.10 1.52 0.18 19.00

JES-20-32 504044 128.10 129.63 1.53 0.07 1.50

JES-20-32 504045 129.63 131.15 1.53 0.13 0.70

JES-20-32 504046 131.15 132.68 1.53 0.31 1.10

JES-20-32 504047 132.68 134.20 1.52 0.19 5.10

JES-20-32 504049 134.20 135.73 1.53 5.81 8.30

JES-20-32 504050 135.73 137.25 1.53 0.36 3.10

JES-20-32 504051 137.25 138.78 1.53 0.15 3.90

JES-20-32 504052 138.78 140.30 1.53 0.08 5.20

JES-20-32 504054 140.30 141.83 1.53 0.13 7.30

JES-20-32 504055 141.83 143.35 1.53 0.10 6.90

JES-20-32 504056 143.35 144.88 1.53 0.03 9.80

JES-20-32 504057 144.88 146.40 1.53 0.02 3.50

JES-20-32 504058 146.40 147.93 1.53 0.04 3.70

JES-20-32 504060 147.93 149.45 1.52 0.13 4.30

JES-20-32 504061 149.45 150.98 1.53 0.13 5.00

JES-20-32 504062 150.98 152.50 1.53 0.90 5.70

JES-20-32 504063 152.50 154.03 1.53 0.11 1.90

About the Pilar Property

The Pilar Gold-Silver property is interpreted as a structurally controlled low -sulphidation epithermal project hosted in

andesite rocks. Three zones of mineralization have been identified in the north -west part of the property from historic

surface work and drilling and are referred to as the Main Zone, North Hill and 4 -Trench. Structural features and zones of

mineralization within the structures follow an overall NW -SE trend of mineralization. Over 22 ,700 m of drilling have been

completed to date. Significant results are highlighted below:

• 2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):

o 39.7m @ 0.96 g/t Au, including 1.5m @ 14. g/t Au

o 47.7m @ 0.70 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag

o 29m @ 0.71g/t Au

o 35.1m @ 0.66 g/t Au

• 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):

o 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;

o 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0g/t Au and 12 g/t Ag ;

o 24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag

• 17,700m of Historic Core & RC drilling. Highlights include:

o 61.0m @ 0.8 g/t Au

o 16.5m @ 53.5g/t Au and 53 g/t Ag

o 13.0m @ 9.6 g/t Au

o 9.0m @ 10.2 g/t Au and 46 g/t Ag

Soil and Rock sampling results from undrilled areas indicate mineralization extends towards the southeast from the

Main Zone and 4-Trench Zone. Recent Surface exploration has defined three new target areas: Triple Vein Zone, SE

Vein Zone and 4 Trench Extension.

Quality Assurance / Quality Control

RC chips and drill core were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis

at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC

17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish.

Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were

analyzed using a four -acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re -assayed using an

ore-grade four -acid digestion with ICP -AES finish. Control samples comprising certified reference samples and blank

samples were systematically inserted into the sample stream and analyzed as part of the Company’s robust quality

assurance / quality control protocol.

About Tocvan Ventures Corp.

Tocvan is a well -structured exploration development company. Tocvan was created in order to take advantage of the

prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where

management feels they can build upon previous success. Tocvan has approximately 3 2 million shares outstanding and is

earning 100% into two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver

project. Management feels both projects represent tremendous opportunity to create shareholder value.

Brodie A. Sutherland, P.Geo., CEO for Tocvan Ventures Corp. and a qualified person ("QP") as defined by Canadian National

Instrument 43-101, has reviewed and approved the technical information contained in this release.

Cautionary Statement Regarding Forward Looking Statements

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect

to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-

looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-

looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is

expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including

negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”,

“might” or “will” be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our

current judgment regarding the direction of our business. Management believes that these assumptions are reasonable .

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual

results, performance or achievements of the Company to be materially different from any future results, performance or

achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to

the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s

financial position. Forward-looking statements contained herein are made as of the date of this news release and the

Company disclaims any obligation to update any forward-looking statements, whether as a result of new information,

future events or results, except as may be required by applicable securities laws.

There can be no assurance that forward -looking information will prove to be accurate, as actual results and future events

could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on

forward-looking information.

FOR MORE INFORMATION, PLEASE CONTACT:

TOCVAN VENTURES CORP.

Brodie A. Sutherland, CEO

820-1130 West Pender St.

Vancouver, BC V6E 4A4

Telephone: 403-668-7855

Email: [email protected]

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