G Mining Ventures Receives Mining License for Oko West Gold Project Final regulatory approval de-risks development and positions Oko West as GMIN’s next cornerston e asset
G Mining Ventures Receives Mining License for Oko West Gold Project
Final regulatory approval de-risks development and positions Oko West as GMIN’s next cornerston e asset
BROSSARD, QC, December 8, 2025 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX:GMIN,
OTCQX:GMINF) is pleased to announce that the Guyana Geology and Mines Commission (“GGMC ”) has
granted a Mining License (the “License”) for the Corporation’s 100% -owned Oko West Gold Project (“ Oko
West” or the “Project”) located in Region 7, Guyana.
The License w as granted effective December 5, 2025, and is valid for twenty years , authorizing
development, operation, and commercial gold production at Oko West. This approval marks the final major
permitting milestone for the Project and completes the main regulatory requirements necessary for full
construction and long-term operations.
The License follows the receipt of the Final Environmental Permit on September 2, 2025 and the
Corporation’s formal construction decision on October 23, 2025. Early works began under the Interim
Environmental Permit earlier in the year and continue under the Final Environmental Permit, allowing these
activities to carry directly into full construction. With all major permits and approvals secured, GMIN is
advancing Oko West development and construction in a disciplined manner aligned with the Corporation’s
project timeline.
“Securing the Mining License reflects not only the technical robustness of Oko West but also the collaborative
relationships we have established with Guyanese authorities, communities, and partners, ” said Louis-Pierre
Gignac, President & Chief Executive Officer. “Our commitment to responsible development is unwavering, and
this milestone positions us to build Oko West into a world -class mining operation that delivers lasting economic
and social benefits to Guyana.”
Now that the License has been secured, the Project is poised to begin pre-production open-pit mining in the
first quarter of 2026, with assembly of the initial mining equipment fleet already underway. This milestone
will further advance the Project as construction efforts progress steadily into the coming year.
About G Mining Ventures Corp.
G Mining Ventures Corp. is a min ing 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
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) full construction being underway at Oko West; (ii) the
assembly of the initial mining equipment fleet being underway, allowing the beginning of pre -production open-pit
mining in the first quarter of 2026 ; (iii) Oko West advancing in a disciplined manner and within timeline ; (iv) the
progress on the tailings storage facility ; (v) the systematic advancement of Oko West’s development plan ; (vi)
GMIN’s unwavering commitment to responsible development; (vii) the quoted comments and expectations of
GMIN’s President & Chief Executive Officer; and ( viii) more generally, the section entitled “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 several 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 contingencies. These estimates and assumptions may prove
to be incorrect. Such assumptions include, without limitation, those relating to GMIN continuing to generate strong
free cash flow and strong profitability , those relating to GMIN’s self-perform construction model and ability to
deliver large-scale projects, those relating to the price of gold (in particular, the average realized gold price) and
currency exchange rates, those outlined in the feasibility study for Oko West (notably the Project’s technical
attributes and its economics), and those underlying the items listed on the above sections entitled “ Corporate
Timetable and Next Steps” and “About G Mining Ventures Corp.”.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to
differ materially from those expressed or implied in any forward -looking statements. There can be no assurance
that, notably but without limitation, (i ) Oko West’s upcoming key milestones will be achieved as contemplated or
at all; (ii) GMIN will evolve into a true multi -asset producer; (iii) there will be no additional important regulatory
requirements for Oko West; (iv) Oko West will prove one of the most important gold projects in the Americas ; (v)
pre-production open-pit mining will begin in the first quarter of 2026, or at all; (vi) GMIN’s exploration activities at
Oko West will lead to additional resources and eventually to reserves and additional gold production ; (vii) GMIN
has secured all funding required to advance Oko West in to commercial production ; (viii) GMIN will continue to
benefit from the support of the Government of Guyana and its above -named agencies and authorities ; (ix) the
aggregate plant will be installed on schedule at Oko West; (x) Oko West will be brought into commercial production
on time and within budget, or at all; (xi) Oko West will be a world-class mining operation delivering lasting economic
and social benefits to Guyana; or (x ii) GMIN will use TZ and Oko West to grow into the next mid -tier precious
metals 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 several 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, 202 4, and (iii) Management Discussion & Analysis. The
Corporation cautions that 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.