G Mining Ventures Provides Update on Gurupi Project Licensing Process in Brazil Following Court Ruling
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July 23, 2025
G Mining Ventures Provides Update on Gurupi Project Licensing Process in
Brazil Following Court Ruling
BROSSARD, QC, July 23, 2025 – G Mining Ventures Corp. (“GMIN” or the “Corporation ”) (TS X:GMIN)
(OTCQX:GMINF) is pleased to announce that a recent ruling by the 8th Federal Environmental and Agrarian
Court of the Judicial Section of Maranhão (the “Court”) has provided regulatory clarity for the advancement
of the Gurupi Gold Project (" Gurupi" or the " Project") in Brazil. This decision brings Public Civil Action No.
0047389-17.2013.4.01.3700—open since 2013 —to a close, resolving a longstanding permitting issu e tied
to legacy licenses issued in 2011.
The Court annulled the preliminary and installation licenses issued in 2011 to a prior operator and confirmed
GMIN’s ability to initiate a new environmental licensing process. This process requires the submission of a
full Environmental Impact Assessment and Report (“ EIA/RIMA”) and prior consent from the National
Institute for Colonization and Agrarian Reform (“ INCRA”) for areas overlapping agrarian settlements. The
ruling provides a clean regulatory path forward and positions Gurupi for long -term development and
strategic growth.
“This ruling marks a pivotal moment for Gurupi,” said Louis-Pierre Gignac, President & Chief Executive Officer.
“It removes a longstanding regulatory constraint and gives us the green light to advance the project with clarity —
an outcome made possible through close collaboration with multiple stakeholders since we acquired the Project.
With this legal certainty, we are now well positioned to unlock the full potential of this district-scale asset through
focused exploration and meaningful stakeholder engagement. This decision also reinforces GMIN’s track record of
navigating complex regulatory environments and creating value. It directly supports our broader vision of building
the next mid-tier gold producer in the Americas.”
Key Outcomes of the Court Decision
o Legacy Risks Removed: The ruling annuls the 2011 licenses (Preliminary License No. 043/2011 and
Installation License No. 280/2011) issued to the prior companies, eliminating historical legal and
permitting liabilities and removing a long-standing constraint on the asset.
o Permitting Path Reopened: GMIN is now authorized to proceed with a new licensing process based
on updated technical, environmental and social studies, enabling a clean and structured approach
to Gurupi’s development.
Strategic Path Forward for Gurupi
This outcome is a key step in positioning Gurupi as a long -term development asset. GMIN is now moving
forward with a disciplined, multi -year exploration program, complemented with environmental studies and
stakeholder engagement. This formal decision is a key step in unlocking the long -term optionality of the
Gurupi Project.
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With an extensive ~1,900 km² land package, Gurupi plays a key role in the Corporation’s multi -asset
portfolio, offering both greenfield and brownfield exploration targets to support long-term mineral resource
growth. The most recent mineral resource estimate (“MRE”) for Gurupi, announced on February 20, 2025,
includes:
o 1.83 million ounces (“Moz”) of indicated mineral resources (43.5 Mt @ 1.31 g/t Au)
o 0.77 Moz of inferred mineral resources (18.5 Mt @ 1.29 g/t Au)
These resources are hosted across three deposits: Blanket, Contact (Cipoeiro area), and Chega Tudo, all with
strong potential for expansion along strike and at depth.
An initial 2025 exploration budget of USD $2–4 million was designed for regional soil sampling, trenching
and mapping, as well as using machine learning core logging system to capture the value of historical
drillholes. Upon receipt of the necessary exploration permits, a larger budget will be mobilized to ramp up
exploration in the second half of 2025.
2025 Outlook Reaffirmed
For the remainder of 2025, the Corporation will focus on the following activities:
o Final environmental permit for Oko West (early Q3 2025)
o Oko West financing and construction decision (H2-2025)
o Greenfield and brownfield exploration (Tocantinzinho (“TZ”), Oko West and Gurupi) (2025)
Qualified Person (“QP”)
The technical content of this press release has been reviewed by Julie-Anaïs Debreil, Vice President Geology
& Resources of GMIN, a QP as defined in National Instrument NI 43-101 (“NI 43-101”), on behalf of the
Corporation and has approved the technical disclosure contained in this news release. The MRE is
summarized into a technical report that is filed on the Corporation’s website at www.gmin.gold and on
SEDAR+ at www.sedarplus.com in accordance with NI 43-101.
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 TZ Gold Mine in Brazil and Oko West
Gold Project in Guyana, both mining friendly and prospective jurisdictions.
Additional Information
For further information on GMIN, please visit the website at www.gmin.gold or contact:
Louis-Pierre Gignac
President & CEO
450.923.9176
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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 relat ing to (i) the recent ruling allowing
GMIN to move forward with disciplined exploration and strategic planning, (ii) GMIN being enabled to pursue a new, modern licensing process
that will enable a clean and structured approach to Gurupi’s development, (iii) Gurupi representing a significant long-term growth opportunity
for GMIN, (iv) Gurupi’s potential for continued resource growth with several zones remaining open at depth and along strike, and (v) more
generally, the sections entitled “Strategic Path Forward for Gurupi”, “2025 Outlook Reaffirmed” and “About G Mining Ventures Corp.”
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 the MRE and the conduct
of the 2025 exploration campaign, those relating to 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) GMIN will keep full
control over the Gurupi timeline, (ii) a larger exploration budget will be mobilized which will ramp up exploration and yield positive results, (iii)
greenfield and brownfield exploration targets will support long-term mineral resource growth, (iv) the application of the self-perform execution
model will deliver results for Gurupi as it did for TZ , (v) GMIN will be able to foster cooperation with stakeholders, (vi) more generally, GMIN
will achieve its stated objectives for Gurupi, (vii) GMIN will receive the final environmental permit for Oko West and will make a positive
construction decision, (viii) GMIN will continue to navigate successfully through complex regulatory environments, or (ix) GMIN will successfully
use TZ and Oko West to grow 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 not 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, expectations, 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 tha t the
foregoing list of factors 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 difference
between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.