IVS.V · 2023-10-18 12:00:00

Inventus Provides Exploration Results from the Dorland Co-Au-Cu-Ni Prospect

Exploration Programs

NEWS RELEASE

Oct. 18, 2023 TSX-V Trading Symbol: IVS

Inventus Provides Exploration Results from the

Dorland Co-Au-Cu-Ni Prospect

TORONTO, ONTARIO (October 18, 2023) - Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the

“Company”) is pleased to announce assay results from its drill program at the 100%-owned Dorland Co-Au-Cu-Ni

Prospect, located 36 km northeast of Sudbury, Ontario.

The Company followed up on encouraging cobalt and gold values in surface prospecting with ten shallow diamond

drill holes totalling 1,000 metres (m). The Dorland program is approximately 50% government-funded with the support

of the Ontario Junior Exploration Program (OJEP). Drill holes intersected alteration and sulphide breccia hosted

polymetallic mineralization within a steep south-dipping structural zone. Assays returned grades up to 1,700 ppm

Cobalt, 1.15 g/t Gold, 3,360 ppm Copper, 3,510 ppm Nickel and 0.34 % TREO (6) (total rare earth oxides). A

summary of select assay intervals and hole location details are provided in Tables 1 and 2.

The mineralized sulphide breccia was intersected over a 100-m east-west strike length with widths ranging from 3 to

15 m and was tested to a depth of 80 m. Significant zonation of Co-Au-Cu-Ni mineralization was observed in the

drilling with thicker intercepts of the breccia containing high values of Co-Au-Ni. An alteration halo was also observed

surrounding the Co-Au-Ni sulphide breccia, which is composed of albite, magnetite, and quartz veins with magnetite,

chalcopyrite and bornite. The mineralized sulphide breccia remains open at depth and to the West (Figure 1).

Inventus believes the structurally controlled mineralization observed in the drilling is likely a splay structure coming

from the much larger (800 m East-West by 1,300 m North-South) area of alteration and sulphide breccia 200 m to

the South.

The identification of polymetallic mineralization including the presence of rare earth elements associated with

hydrothermal iron enrichment (hematite and magnetite alteration, see Figure 2) has indicated a strong analog to Iron

oxide copper gold (IOCG) type mineral systems. The Dorland Prospect appears to be analogous to Inventus’ Cobalt

Hill Au-Co-Ni prospect located 14 km to the North; however, the presence of iron alteration and the full suite of Au-

Co-Cu-Ni-REE mineralization, more typical of IOCG deposits has indicated a closer proximity to the source. This

initial drill program tested a very limited area with a large prospective trend to the South which remains undrilled and

an excellent IOCG-type exploration target with significant potential for discovery.

Work on an initial Sudbury 2.0 NI 43-101 Technical Report is currently advancing and regional prospecting of the

area is ongoing.

Table 1. Summary of Select Assay Intervals

DDH From

(m)

Thickness (1)

(m)

Au (2)

(g/t)

Co (3)

(ppm)

Ni (4)

(ppm)

Cu (5)

(ppm)

TREO (6) (%)

DP-23-01 No Significant Assays

Not

assayed

DP-23-02 29.12 30.00 0.88 - 587 - -

DP-23-03 No Significant Assays

DP-23-04 28.08 29.02 0.94 0.13 1700 2840 562

and 29.76 30.26 0.50 - - - 3360

and 35.91 36.54 0.63 0.24 1040 1320 500

and 45.93 52.06 6.13 - 585 640 257

DP-23-05 34.56 35.47 0.91 1.15 - 139 -

DP-23-06 15.05 15.69 0.64 - - - 1430

and 45.83 61.34 15.51 0.21 445 248 -

including 48.36 49.38 1.02 0.36 1360 416 -

and

including 55.52 56.55 1.03 0.64 1610 453 -

DP-23-07 23.68 24.84 1.16 0.79 561 1290 145

and 71.20 71.91 0.71 0.06 1590 265 -

and 90.65 91.20 0.55 0.21 281 186 -

DP-23-08 96.61 97.65 1.04 0.22 1230 3510 213

and 108.02 109.26 1.24 0.24 521 193 - 0.34

DP-23-09 87.07 87.90 0.83 - - - 2990

Not

Assayed

and 89.86 90.90 1.04 - - - 1430

and 96.61 97.31 0.70 - - - 2170

DP-23-10 79.20 79.68 0.48 - 669 138 -

(1) Thicknesses are core lengths; true widths are not known. (2) Assay values less than <0.1 g/t Au are not shown. (3),

(4), (5) Co, Ni, Cu Assay values less than <100 ppm are not shown. (6) TREO is the sum of Ce2O3 + La2O3 + Pr2O3 +

Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3.

Table 2. Details of drill holes reported in this press release.

Drill Hole Azimuth

(degrees)

Dip

(degrees)

Length

(metres)

Easting

(UTM)

Northing

(UTM)

DP-23-01 143 -48.50 91 530836 5176622

DP-23-02 038 -50.00 99 530874 5176610

DP-23-03 149 -63.89 81 530883 5176657

DP-23-04 210 -45.00 78 530880 5176655

DP-23-05 010 -43.63 81 530854 5176609

DP-23-06 216 -43.69 102 530852 5176648

DP-23-07 058 -87.87 108 530830 5176613

DP-23-08 229 -48.63 150 530902 5176658

DP-23-09 186 -45.00 105 530910 5176669

DP-23-10 175 -55.00 120 530826 5176644

Click here for Figures 1 and 2: http://www.inventusmining.com/s/IVS_PR_Figures_2023-10-18.pdf

For further information, please contact:

Mr. Stefan Spears

Chairman and CEO

Inventus Mining Corp.

E-mail: [email protected]

Tel: +1(647)4O8-1849

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 164.8 million common shares outstanding.

Visit http://www.inventusmining.com for more information.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility

for the adequacy or accuracy of this release. No stock exchange, regulation services provider, securities commission or other

regulatory authority has approved or disapproved the information contained in this news release.

Qualified Person

The Qualified Person responsible for the technical content of this news release is Inventus’ Vice -President

Exploration, Wesley Whymark, P.Geo., who has reviewed and approved the technical disclosure in this news release

on behalf of the Company.

Technical Information

The drill core samples collected by Inventus described in this release were transported in secure sealed bags for

preparation and assay by Agat Laboratories. The samples reported were crushed in their entirety to 75% passing -

10 mesh, with one 500 g subsample split and pulverized to 85% passing 200 mesh. One 50 g aliquot was taken from

the subsample for fire assay (FA) with an ICP-MS/ICP-OES/AAS finish. Multi-element assays were done by ICP-

OES/ICP-MS finish.

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 currently available to the Company, the

Company provides no assurance that the actual results will meet management’s expectations.

Figure 1. Dorland Drilling Cross Section looking North

75metres

Figure 2

OPENOPEN

OPEN

-23-07

-23-10

-23-01

-23-06

-23-05

-23-02

-23-04

-23-03 DP

-23-08

-23-09

Gold Assays

Cobalt Assays

Figure 2. Dorland drill hole DP-23-08 –Co-Au-Ni-REE Sulphide breccia with iron alteration

(hematite)

October 18, 2023

Hematite alteration

1.24 m of 0.24 g/t Au, 521 ppm Co, 193 ppm Ni and 0.34% TREO

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