G Mining Ventures Publishes 2024 ESG Report Highlighting Progress on Climate Action, Community Engagement, and Responsible Growth; Announces Management Update
Page | - 1 -
July 30, 2025
G Mining Ventures Publishes 2024 ESG Report Highlighting Progress on Climate
Action, Community Engagement, and Responsible Growth; Announces
Management Update
BROSSARD, QC, July 30, 2025 – G Mining Ventures Corp. (“GMIN” or the “Corporation ” or “we”) (TSX:
GMIN) (OTCQ X: GMINF) is pleased to announce the publication of its 2024 Environmental, Social, and
Governance ( “ESG”) Report , highlighting a pivotal year in which the Co rporation transitioned from mine
developer to operator and accelerated its evolution into a multi-asset, mid-tier gold producer. All figures are
in U.S. dollars unless otherwise noted.
Covering the period from January 1 to December 31, 2024, the report highlights GMIN’s progress in
environmental stewardship and responsible mining, inclusive economic growth, and governance excellence
— particularly at the Tocantinzinho Gold Mine (“TZ”) in Pará State, Brazil, and through early ESG integration
at the Oko West Project in Guyana (“Oko West”) and the Gurupi (“Gurupi”) Project in Brazil.
Prepared in alignment with globally recognized frameworks—including GRI, SASB, TCFD, TNFD, IFRS S1/S2,
and the UN Sustainable Development Goals 1—the report reflects GMIN’s commitment to transparency,
accountability, and sustainable value creation.
Link to Full ESG Report: GMIN’s 2024 Environmental, Social and Governance Report
“2024 marked a foundational year for GMIN as we successfully transitioned into a gold producer and laid the
groundwork to become a multi- asset gold producer ,” said Louis -Pierre Gignac, President & Chief Executive
Officer. “Our ESG strategy evolved from policy to action — integrated across teams, sites, and decision -making
processes. This report captures not only our progress, but also our intent to : grow responsibly, reduce our
environmental impact, and strengthen partnerships in the regions where we operate. As we grow , ESG remains
central to how we operate and how we create responsible, long-term value for all stakeholders.”
GMIN’s 2024 ESG Report Highlights:
Environmental Stewardship:
o Licensing Milestones: Obtained environmental operating licenses for energy infrastructure, tailings
structures, gold extraction, and beneficiation for TZ and initiated Environmental Permitting for Oko
West with an Environmental and Social Impact Assessment filing at the Guyana’s Environmental
Protection Agency in November of 2024.
o Tailings and Water Management : TZ operations aligned with the Global Industry Standard on
Tailings Management (GISTM), with independent oversight from the Tailings Review Committee.
1 GRI: Global Reporting Initiative; SASB: Sustainability Accounting Standards Board; TCFD: Task Force on
Climate-related Financial Disclosures; TNFD: Taskforce on Nature -related Financial Disclosures; IFRS
S1/S2: International Financial Reporting Standards Sustainability Disclosure Standards (developed by the
ISSB); UN SDGs: United Nations Sustainable Development Goals.
Page | - 2 -
o Recycling: 94% of the water at the mill and 74% of solid waste generated at TZ was recycled where
key recycling initiatives generated revenue.
o Biodiversity and Reforestation: 33 hectares were reforested; 449 wild animals rescued; 2,837 plant
specimens relocated; and over 10,000 individual fauna and flora monitored.
o Greenhouse gas (“GHG”) Reporting: Completed 2024 GHG emissions inventory on Scope 1 and 2;
emissions mitigation and reforestation projects are underway.
Social Responsibility:
o Health and Safety: Achieved a Total Recordable Incident Frequency Rate (TRIFR) of 0.08 over 2.49
million hours worked, maintaining GMIN’s “zero harm” priority.
o Local Economic Development: 98% of national workforce at TZ Mine, with 81% coming from Pará
State, including 67% from the Itaituba region. Over R$174 million (~USD 35 million) in local
procurement was recorded.
o Community Engagement: 2,309 students engaged in socio-environmental education programs; and
supported 15 community-led projects through a participatory committee.
o Diversity, Equity and Inclusion: Women represented 15.2% of the workforce in 2024, up from 11%
in 2023; targeted inclusion and training initiatives expanded.
Governance Excellence:
o Policy Development : Formalized new corporate policies: Human Rights, Climate Change, and
Tailings Management.
o Human Rights Training & Due Diligence: 100% of corporate and TZ leadership completed h uman
rights training. A Human Rights Impact Assessment is underway at TZ.
o Modern Slavery Compliance : Submitted the first report in compliance with requirements of the
Canadian Fighting Against Forced Labour and Child Labour in Supply Chain act, including the actions
to better understand and manage risks of modern slavery in our supply chain.
o Grievance Management: GMIN’s Relationship Portal addressed and resolved 100% of 2024 reports.
The system will be expanded to Oko West and Gurupi in 2025.
o Ethical Supply Chain: All suppliers were screened using the CIAL platform, a third -party software
system for supplier due diligence and risk monitoring ; zero incidents of child or forced labor were
identified in 2024.
ESG Integration at Growth Projects
In addition to reaching commercial production at T Z, GMIN made key strides at its development -stage
assets, aligning with international best practices.
o At Oko West, GMIN formed a Multi -Stakeholder Working Group, secured provisional
environmental and social licensing, and initiated early works construction.
o At Gurupi, GMIN began permitting and stakeholder engagement planning following the acquisition.
“As we advance our sustainability strategy, this report shows how ESG principles are now embedded across our
operations,” said Eduardo Leão, Vice President of Sustainability . “In 2024, we moved from design to delivery
Page | - 3 -
— formalizing policies, applying global frameworks, and engaging stakeholders across Brazil and Guyana. From
biodiversity and water reuse to human rights and governance, we’re building a resilient, responsible business
grounded in long-term value creation.”
Looking Ahead: 2025 ESG Commitments
These priorities reflect GMIN’s commitment to responsible mining, environmental leadership, and inclusive
growth across its operations.
In 2025, the Corporation will focus on the following ESG initiatives:
o Reforestation:
• Reforest an additional 36 hectares, building on 33 hectares restored to date .
o GHG Emissions:
• Expand Scope 3 emissions tracking and mitigation strategies.
• Increase offsetting efforts through reforestation.
o Renewable Energy and Efficiency:
• Launch solar and wind power generation studies.
• Optimize operational processes to reduce energy demand.
o Waste Management:
• Raise the recycling rate to 75% of total waste generated.
• Reduce average waste disposal costs by 10%.
• Introduce circular economy practices across key facilities.
o Human Rights and Inclusion:
• Continue due diligence assessments and expand leadership training.
• Conduct Human Rights Impact Assessments at TZ and Oko West.
o Responsible Mining Standards:
• Achieve 70% compliance with the International Cyanide Management Code.
• Conduct external assessments aligned with the TSM (Towards Sustainable Mining) protocol.
o Stakeholder Engagement:
• Launch new stakeholder engagement and social investment committees at Oko West
(Guyana) and Gurupi (Brazil).
Management Update
The Corporation announces the departure of Dušan Petković, Senior Vice President, Corporate Strategy,
effective July 28, 2025. Dušan played an integral role in GMIN’s early success, including the acquisition and
financing of the Tocantinzinho Gold Project. His responsibilities have been transitioned to existing senior
leaders, ensuring continuity as GMIN continues to execute its multi-asset growth strategy. The Corporation
thanks Dušan for his many contributions and wishes him continued success in his future endeavors. A formal
search for his replacement is underway, with a succession planning process in place to ensure a smooth
transition.
The Corporation is also pleased to announce the appointment of Jean-François Lemonde as Vice President,
Investor Relations, effective August 4, 2025. Mr. Lemonde brings a strong track record in capital markets,
with deep relationships across global institu tions and investors. His experience and insight into financial
communications will be instrumental in strengthening GMIN’s engagement with the investment community
to support its next phase of growth.
Page | - 4 -
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) 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 in to 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
Eduardo Leão
VP, Sustainability
+55 91 99116-6633
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 Corporation accelerating
its evolution into a multi-asset, mid-tier gold producer; (ii) the expansion of GMIN’s inclusion and training initiatives; (iii) the conduct of a human
rights assessment at TZ and company-wide; (iv) the expansion of grievance management to Oko West and Gurupi; and (v) more generally, the
quoted comments of GMIN’s President & Chief Executive Officer as well as GMIN’s Vice President of Sustainability, and the sections entitled
“Looking Ahead: 2025 ESG Commitments” 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 TZ operations aligning
with the GISTM, GMIN operating with a long-term mindset that prioritizes community voice, ecological protection and operational discipline,
GMIN’s operational processes being optimized to reduce energy demand; those relating to the ESG integration at the Oko West and Gurupi
projects; 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 lim itation, (i) GMIN will create
sustainable value for its stakeholders and will grow responsibly, will reduce its environmental impact and will strengthen partnerships where it
operates, or (ii) GMIN’s key recycling initiatives will continue to generate revenue, or (iii) the TRIFR will be maintained in the future, or (iv) levels
of local employment and procurement will be maintained, or (v) GMIN will achieve, in whole or in part, its ESG initiatives for 2025, or (vi) GMIN
will maintain compliance with applicable modern slavery legislation and reach full compliance with the International Cyanide Management
Code, or (vii) the succession planning process following Dušan Petković ’s departure will ensure a smooth transition and Jean -François
Lemonde’s appointment will prove instrumental in strengthening GMIN’s engagement with the investment community, or (viii) GMIN will use
TZ and Oko West to grow GMIN into the next multi-asset, 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.
Page | - 5 -
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 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.