G Mining Ventures Completes First Drawdown on US$350 Million Revolving Credit Facility
Page | - 1 -
G Mining Ventures Completes First Drawdown on US$350 Million Revolving
Credit Facility
BROSSARD, QC, November 10, 2025 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX:GMIN,
OTCQX:GMINF) is pleased to announce it has completed the first scheduled drawdown of US$ 80 million
under its US$350 million revolving credit facility previously announced on October 6, 2025, related to
development and construction of it’s 100% owned Oko Gold Project in Guyana.
Proceeds from the drawdown were used to repay in full th e outstanding se nior secured term loan in the
aggregate amount of US$80 million previously provided by Franco-Nevada GLW Holdings Corp.
At current effective rates, the refinancing will generate annual interest savings of approximately US$1.5
million, further strengthening GMIN’s balance sheet supporting continued disciplined growth across its
portfolio.
“Executing this refinancing marks another step in optimizing our capital structure and improving capital
efficiency,” said Julie Lafleur, Vice President, Finance & Chief Financial Officer . “By lowering our cost of
debt, we’re realizing meaningful savings while maintaining the financial strength to support Tocantinzinho’s
operations and the advancement of Oko West. These results reflect the disciplined financial management
that underpins GMIN’s strategy and ongoing value creation for shareholders.”
About the Revolving Credit Facility
The US$350 million revolving credit facility was arranged with a syndicate of leading international lenders
and provides enhanced liquidity and flexibility to support GMIN’s operations and development pipeline. The
facility has a term of four years, with a potential one-year extension at GMIN’s option and is secured by the
Corporation’s assets on standard market terms.
About G Mining Ventures Corp.
G Mining Ventures Corp. is a mining company engaged in the acquisition, exploration and development of
precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well -
positioned to grow into the next mid -tier precious metals producer by leveraging strong access to capital
and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil,
supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant
exploration upside and located in mining -friendly jurisdictions. GMIN trades on the TSX under the symbol
“GMIN”.
Additional Information
For further information on GMIN, please visit the website at www.gmin.gold or contact:
Jean-François Lemonde
Vice President, Investor Relations
Page | - 2 -
514.299.4926
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-
looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press
release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the decrease of the weighted
average cost of debt generating annual interest savings of US$1.5 million; (ii) the strengthening of GMIN’s balance sheet, expected to support
continued disciplined growth; and (iii) in general, the section entitled “About G Mining Ventures Corp.” ; as well as the quoted comments of
GMIN’s Vice President, Finance & Chief Financial Officer.
Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward -looking
statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the
time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingen cies. These
estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to GMIN’s financial strength
as well as its enhanced liquidity and flexibility to support operations and development, the price of gold and currency exchange rates, and those
underlying the items listed in the above section entitled “About G Mining Ventures Corp.”.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ ma terially from those
expressed or implied in any forward -looking statements. There can be no assurance that, notably but without limitation, (i) the potential for
exploration upside at Tocantinzinho, Oko West and Gurupi will lead to additional mineral reserves and resources; (ii) GMIN will continue to be
successful in mine development; (iii) Guyana’s regulatory environment will ensure timely decision -making allowing GMIN to achieve project
milestones; (iv) Guyana will remain attractive for mining investment; (v) Oko West will advance responsibly and on schedule; (vi) GMIN will
achieve its stated objectives for Oko West; or (vii) TZ and Oko West will grow GMIN into the next intermediate producer, as future events could
differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will
remain mining friendly and prospective jurisdictions.
By their very nature, forward -looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that
estimates, forecasts, projections and other forward -looking statements will not be achieved or that assumptions do no t reflect future
experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans
relating to the future. Readers are cautioned not to place undue reliance on these forward -looking statements as a number of important risk
factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectati ons, anticipations,
estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press
release are qualified by these cautionary statements and those made in the Corporation’s other filings with the securities regulators of Canada
including, but not limited to, the cautionary statements made in the relevant sections of the Corporation’s (i) Annual Information Form dated
March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that
the foregoing list of f actors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The
Corporation disclaims any intention or obligation to update or revise any forward -looking statements or to explain any material differenc e
between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.