Inventus Mining Commences 80-Hole Drill Program at Pardo Receives OJEP Funding Support and Grants Stock Options
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NEWS RELEASE
November 25, 2024 TSX-V Trading Symbol: IVS
Inventus Mining Commences 80-Hole Drill Program at Pardo
Receives OJEP Funding Support and Grants Stock Options
TORONTO, ONTARIO ( November 25, 2024) - Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the
“Company”) is pleased to announce that its 80-hole Phase 1 Drill Program is underway at the 100%-owned
Pardo gold project located 65 km east of Sudbury, Ontario . The program aims to provide adequate drill
data to support a future mineral resource estimate on the near surface mineralization that could potentially
be exploited by open cut mining.
The Company also reports it has been accepted into the Ontario Junior Exploration Program (“OJEP”) ,
which provides funding grants by the Ontario Ministry of Mines to assist exploration projects within the
province. The grant will provide funding for 50% of exploration expenditures to a maximum of $200,000,
incurred on the Pardo Gold Project.
Incentive stock options to acquire a total of 4,100,000 common shares of the Company have been granted
to officers, directors, and employees at the exercise price of $0.07 per share for a period of five years. The
options vest as to one-third after each of 6, 12, and 18 months from the grant date.
For further information visit www.inventusmining.com, or contact:
Mr. Wesley Whymark
President and Head of Exploration
Inventus Mining Corp.
E-mail: [email protected]
Phone: 705-822-3005
About Inventus Mining Corp.
Inventus is a mineral exploration and development company focused on the world -class mining district of
Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the
Sudbury 2.0 Critical Mineral Project located northeast of Sudbury. Pardo is the first important paleoplacer
gold discovery found in North America. Inventus has approximately 183 million common shares
outstanding.
Forward-Looking Statements
This News Release includes certain "forward -looking statements" which are not comprised of historical facts.
Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives
or goals, including words to the effect that the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”,
“may”, “could”, “would”, “if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”. Since forward-looking statements
are based on assumptions and address future events and conditions, by their very nature they involve inherent risks
and uncertainties. Although these statements are based on information curre ntly available to the Company, the
Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and
other factors involved with forward -looking information could cause actual events, results, performance, pros pects
and opportunities to differ materially from those expressed or implied by such forward -looking information. Forward
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looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future
plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and
mine development plan s, timing of the commencement of operations and estimates of market conditions. Factors
that could cause actual results to differ materially from such forward -looking information include, but are not limited
to the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to
complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test
results, delays in obtaining or failures to obtain required governm ental, environmental or other project approvals,
political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties
relating to the availability and costs of financing needed in the future, changes in eq uity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating
costs varying significantly from estimates and the other risks involved in the mineral exploration and develo pment
industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes
that the assumptions and factors used in preparing the forward -looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update o r revise any forward -looking information, whether as a
result of new information, future events or otherwise, other than as required by law.