On Wednesday 04 01, 2026 at 7:00AM ET Inventus Expands Pardo With Strong Drill Results and Advances Multiple Gold Layers Toward a Maiden Resource
On Wednesday 04 01, 2026 at 7:00AM ET
Inventus Expands Pardo With Strong Drill Results and
Advances Multiple Gold Layers Toward a Maiden Resource
TORONTO, ON / ACCESS Newswire / April 1, 2026 / Inventus Mining Corp. (TSXV:IVS) ("Inventus" or the "Company")is
pleased to report new assay results from its ongoing Phase 2 drill program at its 100%-owned Pardo "River of Gold" Project,
located 65 km northeast of Sudbury, Ontario. These results continue to expand the footprint of near-surface gold mineralization
and support the development of a growing multi-layer gold system with the potential to significantly increase total tonnes and
ounces ahead of the Company's maiden resource estimate.
HIGHLIGHTS
Phase 2 drilling results have returned highlight intersections of:
3.44 g/t gold over 2.33 m, including 23.45 g/t gold over 0.30 m (PD-26-216)
5.87 g/t gold over 1.22 m, including 18.81 g/t gold over 0.36 m (PD-26-223)
5.16 g/t gold over 1.12 m, including 9.70 g/t gold over 0.50 m (PD-25-161)
2.95 g/t gold over 1.63 m, including 7.53 g/t gold over 0.50 m (PD-26-215)
2.66 g/t gold over 0.82 m, including 6.41 g/t gold over 0.32 m (PD-26-194)
2.37 g/t gold over 1.81 m, including 6.04 g/t gold over 0.43 m (PD-25-163)
2.28 g/t gold over 2.12 m, including 3.04 g/t gold over 1.10 m (PD-26-202)
The footprint of Phase 2 drilling has now been expanded by approximately 150% and represents 20% of the currently
outlined 2.5 km2 exploration target area (Figure 1 & 2).
Two additional stacked gold layers, which are not included in the exploration target, are now being evaluated to
potentially add significant tonnage prior to a maiden resource estimate (Figure 3 & 4).
Phase 2 drilling is ongoing with results pending from 42 holes.
Additional 28 grade control drill holes have been complete with assays pending.
Processing of the 7,500-tonne Trench 1 Bulk Sample is expected to commence in the second half of April.
Results continue to support the expansion of a stacked gold system with potential to significantly increase total tonnes and
ounces ahead of a maiden resource estimate.
RECENT DRILL RESULTS EXPANDING A GROWING GOLD SYSTEM
The ongoing Phase 2 drill program has demonstrated continuity of gold mineralization to the Southeast and Northwest. Drill
result highlights and drill hole details are presented in Figure 1 and Table 3 & 4. The footprint of drilling has now increased by
150% from 0.2 km2 to 0.5 km2, representing approximately 20% of the 2.5 km2 exploration target area that remains open for
expansion (Figure 2).
Importantly, drilling is not only expanding the Main Conglomerate Layer but is also improving the Company's understanding of
additional mineralized layers that were historically underexplored.
THREE STACKED GOLD LAYERS - A MAJOR INCREASE IN PROJECT SCALE
With strong gold prices and the potential for ore sorting and heap leach processing options, the Company is expanding its focus
beyond the single high-grade main layer and advancing Pardo as a larger, multi-layer gold system.
Drilling to date has primarily targeted the Main Conglomerate Layer, however, a review of previous drilling has highlighted two
additional gold-bearing layers, the Upper and Matinenda Conglomerates, that remain largely unsampled but have clear potential
to add significant tonnes and ounces (Figure 3).
Together, these three flat-lying, laterally continuous layers form a stacked sequence of gold mineralization that can be tested
within a single drill hole, significantly improving exploration efficiency (Figure 4). The Company is now systematically assaying
previously unsampled intervals from previous drilling to advance all three layers toward a maiden resource estimate, with the
potential to materially increase the total tonnes and ounces within a large-scale surface strip-mining operation. A detailed
description of each layer is provided below:
1. Main Conglomerate Layer (MiBC)
The Main Conglomerate layer remains the primary focus of ongoing Phase 2 drilling and forms the foundation of the Company's
exploration target of 12.5 million tonnes at 3.5 g/t gold (See Technical Report April 10, 2018), and remaining open for expansion.
This unit averages approximately 2 metres in thickness and hosts the highest-grade mineralization identified to date. Where the
layer occurs within 15 metres of surface, it has been the focus of the Company's bulk sampling program, which has demonstrated
strong and repeatable economics supporting its development potential. The Company is advancing the near-surface area of this
unit toward a production permit and near-term development pathway, including ore sorting to upgrade material for direct shipping
and processing. This strategy would minimize capital requirements and generating early cash flow to support the development of
a larger-scale operation.
2. Upper Conglomerate Layer (MiPC)
The Upper Conglomerate Layer is a laterally extensive unit that represents a compelling large-tonnage, lower-grade opportunity.
It sits above the Main Conglomerate layer and is typically present where the sedimentary sequence exceeds 20 metres in
thickness (Figure 3 & 4). Highlights of previous drill results for this unit are shown in Table 1, and its currently known extent of
approximately 3.68 km2, which remains open for expansion. The unit can occur as multiple mineralized zones or as a thicker >10
metre continuous interval with grades between 0.2 and 0.5 g/t gold. While historically not a primary focus, the current gold price
environment and potential ore sorting and heap leach processing have increased its importance. This unit remains largely
unsampled across the property; however, where it is present in completed Phase 1 and Phase 2 drill holes, it will be systematically
sampled as part of the Company's ongoing work program to better define its size, grade, and contribution to total tonnes and
ounces in the upcoming resource estimate.
Table 1. Previous drill result highlights of the Upper Conglomerate.
Drill Hole Year From
(Metres)
To
(Metres)
Interval1
(Metres)
Gold
Grade (g/t)
PD-15-01
2015
0.28 11.36 11.08 0.30
Including 6.20 7.00 0.80 1.38
Including 10.70 11.36 0.66 1.11
PD-12-10 2012 2.60 12.10 9.50 0.30
PD-10-102 2010 0 6.34 6.34 0.59
PD-08-29 2008 9.00 18.00 9.00 0.32
3. Matinenda Conglomerate Layer (MaC)
The Matinenda Conglomerate Layer occurs at the base of the sedimentary sequence on the west side of the property and in places
occurs at surface where erosion has exposed it (Figure 3 & 4). It is characterized by higher sulphide (pyrite) content associated
with gold and, while underexplored, has returned encouraging historical drill results (Table 2). The unit's currently known extent
is approximately 2.13 km2 and remains open for expansion. Given its sulphide-rich nature, the Company is evaluating its
metallurgy and ore sorting potential, with the objective of producing a higher-grade sulphide concentrate. This layer represents a
compelling opportunity to generate higher-grade material and could play an important role in enhancing project economics as part
of a multi-layer development strategy.
Table 2. Previous drill result highlights of the Matineda Conglomerate.
Drill Hole Year From
(Metres) To (Metres)
Interval1
(Metres)
Gold Grade
(g/t)
PD-12-55 2012 14.32 22.18 7.86 0.70
Including 19.84 21.71 1.87 1.59
PD-12-63 2012 8.72 10.72 2.00 1.30
Including 9.67 10.24 0.57 2.11
PD-12-51 2012 25.50 37.00 11.50 0.32
PD-12-50 2012 27.00 36.75 9.75 0.35
PD-09-05 2009 11.00 18.13 7.13 0.51
Including 16.00 18.13 2.13 1.22
PD-10-37 2010 0 2.26 2.26 1.29
PD-08-72 2008 32.28 39.20 6.92 0.51
Including 33.00 34.00 1.00 1.09
INTEGRATED DEVELOPMENT STRATEGY
The presence of three stacked gold-bearing layers at Pardo allows the Company to evaluate a scalable development approach that
maximizes total tonnes, ounces and value.
The Company is currently assessing:
Bulk surface mining potential across all three layers with low strip ratios
Grade-specific processing options, including ore sorting and direct shipping of higher-grade material (Main and Matinenda
Layer) and heap leaching of lower grade material (Upper Layer and lower grade sorted products).
Selective mining approaches to prioritize higher-grade zones where appropriate
Optimization of the overall development plan to reduce capital intensity and improve project economics
This work is aimed at defining the most efficient development pathway while supporting potential near-term cash flow and long-
term scalability of the Project.
BULK SAMPLE PROGRAM UPDATE
The Company is currently advancing two separate bulk samples at Pardo. The Trench 1 bulk sample (10,000 tonnes), of which
2,512 tonnes have already been processed (see news release March 18, 2026), with the remaining 7,500 tonnes currently at the
mill and expected to be processed in the second half of April.
The Trench 1 North bulk sample (10,000 tonnes), with extraction now complete. Approximately 2,500 tonnes have been
transported to the mill for processing, with the remaining 7,500 tonnes expected to be hauled in June once spring half-load road
restrictions have been lifted.
The Company has also completed an additional 28-grade control holes with assays pending. This recent grade control drilling
will support the final extraction of the remaining 20,000 tonnes of permitted bulk sample material.
NEXT STEPS
Continue drilling to expand the mineralized footprint, including targeted testing of the Upper and Matinenda Conglomerate
layers
Complete assaying of previously unsampled intervals in Phase 1 and Phase 2 drilling, particularly within the Upper
Conglomerate layer
Advance the maiden resource estimate incorporating all three mineralized layers
Complete the remaining bulk sample program, including processing existing material and extracting the final 20,000 tonnes
to support ongoing development and evaluation
Ongoing processing test work of all three layers
Advance the Company's planned production permit for near-surface portions of the Main Conglomerate layer in mid-2027
Continue evaluation of mining and development scenarios to optimize project scale, economics, and potential production
pathways
Wesley Whymark, CEO, comments: "These latest drill results continue to demonstrate that Pardo is evolving into a
significantly larger and more robust gold system. We are no longer looking at a single layer of gold mineralization, but a stacked
system of multiple gold-bearing layers, which represents a major step forward in increasing the overall scale of the project. As we
continue to advance and incorporate these additional layers, we see a clear path to growing both the total tonnes and ounces
ahead of our maiden resource."
For further information visit www.inventusmining.com, or contact:
Wesley Whymark
CEO
Inventus Mining Corp.
E-mail: [email protected]
Phone: 705-822-3005
Social Media Accounts
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YouTube
Figure 1. Plan map illustrating the gold grade (g/t Au) of the approximately 2-metre-thick gold-bearing Main Conglomerate
Layer with Lidar background. Holes with reported assays illustrated in red and pending results green.
Figure 2. Plan map illustrating the extent of drilling from March 24, 2025 to March 31, 2026 within the Exploration target Area
of the Main Conglomerate Layer with Lidar background.
Figure 3. Plan map illustrating outlines of the Upper and Matinenda Conglomerate layers and previous drill hole highlight
intersections.
Figure 4. Schematic Cross Section illustrating the stacked gold layers at Pardo.
Table 3. Recent Phase 2 Drilling Assay Highlights.
Drill Hole From
(Metres)
To
(Metres)
Interval1
(Metres)
Gold
Grade
(g/t)
PD-25-159 9.00 11.18 2.18 0.64
Including 10.52 11.18 0.66 1.38
PD-25-160 11.08 12.40 1.32 1.23
Including 11.40 11.90 0.50 2.22
PD-25-161 12.78 13.90 1.12 5.16
Including 13.08 13.58 0.50 9.70
PD-25-163 9.85 11.66 1.81 2.37
Including 9.85 10.28 0.43 6.04
PD-26-176 1.37 3.75 2.38 0.67
Including 2.35 2.85 0.50 1.48
PD-26-193 23.83 27.18 3.35 0.42
Including 26.14 26.66 0.52 1.13
PD-26-194 16.85 17.67 0.82 2.66
Including 16.85 17.17 0.32 6.41
PD-26-199 34.24 36.30 2.06 1.00
Including 34.50 35.00 0.50 2.10
PD-26-201 29.92 31.42 1.50 1.53
Including 30.92 31.42 0.50 2.14
PD-26-202 34.20 36.32 2.12 2.28
Including 34.75 35.85 1.10 3.04
PD-26-203 32.50 34.25 1.75 1.35
Including 32.50 33.00 0.50 3.39
PD-26-208 33.20 36.00 2.80 0.71
Including 34.00 35.00 1.00 1.64
PD-26-209 29.15 33.50 4.35 0.72
Including 33.00 33.50 0.50 2.25
PD-26-211 27.20 31.00 3.80 0.65
Including 28.50 29.00 0.50 1.25
PD-26-213 8.50 9.50 1.00 1.38
PD-26-215 26.79 28.42 1.63 2.95
Including 27.10 27.60 0.50 7.53
PD-26-216 29.90 32.23 2.33 3.44
Including 30.40 30.70 0.30 23.45
PD-26-217 28.80 30.80 2.00 0.69
Including 30.30 30.80 0.50 1.71
PD-26-218 32.50 34.00 1.50 1.10
Including 32.50 33.00 0.50 2.75
PD-26-219 30.00 35.00 5.00 0.69
Including 31.00 32.00 1.00 1.87
PD-26-220 25.50 30.00 4.50 0.68
Including 25.50 26.00 0.50 2.40
PD-26-221 25.50 31.50 6.00 0.80
Including 26.00 29.00 3.00 1.37
Including 26.00 26.50 0.50 2.29
PD-26-222 19.46 21.50 2.04 0.51
Including 21.00 21.50 0.50 1.38
And 24.00 26.50 2.50 0.69
Including 25.00 25.50 0.50 2.66
PD-26-223 19.03 20.25 1.22 5.87
Including 19.53 19.89 0.36 18.81
PD-26-225 18.04 20.41 2.37 0.60
Including 19.50 20.00 0.50 1.36
PD-26-232 33.50 36.00 2.50 0.66
Including 33.50 34.50 1.00 1.12
PD-26-233 34.50 40.50 6.00 0.50
Including 34.50 35.50 1.00 1.11
Table 4. Details of Phase 2 drill hole locations reported.
Drill Hole Inclination
(Degrees)
Length
(Metres)
Easting
(UTM)
Northing
(UTM)
PD-25-159 -90 14.50 556248 5183272
PD-25-160 -90 16.00 556220 5183314
PD-25-161 -90 16.00 556203 5183294
PD-25-162 -90 16.00 556200 5183267
PD-25-163 -90 40.00 556221 5183270
PD-25-164 -90 41.50 555967 5183532
PD-25-165 -90 37.00 556049 5183530
PD-25-166 -90 40.00 556048 5183493
PD-25-167 -90 14.50 555960 5183499
PD-25-168 -90 38.50 556072 5183390
PD-25-169 -90 46.00 556043 5183387
PD-25-170 -90 38.50 556045 5183363
PD-25-171 -90 46.00 556012 5183365
PD-25-172 -90 49.00 555981 5183364
PD-25-173 -90 50.50 555982 5183390
PD-25-174 -90 14.50 556044 5183889
PD-25-175 -90 35.50 555930 5183889
PD-25-176 -90 16.00 555984 5183885
PD-25-177 -90 8.50 556040 5183828
PD-25-178 -90 16.00 555988 5183827
PD-25-179 -90 35.50 555928 5183828
PD-25-180 -90 25.00 555928 5183774
PD-25-181 -90 13.00 555989 5183772
PD-25-182 -90 8.50 556049 5183772
PD-25-183 -90 11.50 556112 5183770
PD-25-184 -90 13.00 556109 5183704
PD-25-185 -90 28.00 556049 5183704
PD-25-186 -90 11.50 555988 5183708
PD-25-187 -90 23.50 555929 5183709
PD-25-188 -90 8.50 555955 5183644
PD-25-189 -90 28.00 556049 5183643
PD-25-190 -90 38.50 555820 5183564
PD-25-191 -90 37.00 555818 5183593
PD-25-192 -90 35.50 555818 5183621
PD-25-193 -90 31.00 555824 5183739
PD-25-194 -90 20.50 555825 5183800
PD-25-195 -90 16.00 555825 5183860
PD-25-196 -90 19.00 555825 5183931
PD-25-197 -90 25.00 555883 5183935
PD-25-198 -90 40.00 556278 5182952
PD-25-199 -90 41.50 556279 5182981
PD-25-200 -90 32.50 556247 5182894
PD-25-201 -90 37.10 556247 5182919
PD-25-202 -90 41.50 556247 5182982
PD-25-203 -90 38.50 556248 5182951
PD-25-204 -90 44.50 556279 5182919
PD-25-205 -90 43.00 556279 5182893
PD-25-206 -90 40.00 556279 5183011
PD-25-207 -90 38.50 556281 5183045
PD-25-208 -90 41.50 556313 5183044
PD-25-209 -90 38.50 556327 5183082
PD-25-210 -90 32.50 556373 5183042
PD-25-211 -90 37.00 556345 5183043
PD-25-212 -90 10.00 556167 5183130
PD-25-213 -90 13.00 556216 5183131
PD-25-214 -90 13.00 556219 5183151
PD-25-215 -90 31.00 556257 5183165
PD-25-216 -90 35.50 556259 5183114
PD-25-217 -90 32.50 556302 5183150
PD-25-218 -90 37.00 556294 5183117
PD-25-219 -90 37.00 556328 5183113
PD-25-220 -90 34.00 556364 5183112
PD-25-221 -90 35.50 556360 5183163
PD-25-222 -90 31.00 556356 5183209
PD-25-223 -90 23.50 556333 5183235
PD-25-224 -90 25.00 556314 5183213
PD-25-225 -90 22.00 556283 5183216
PD-25-226 -90 7.00 556231 5183237
PD-25-227 -90 10.00 556217 5183179
PD-25-228 -90 14.50 556248 5182863
PD-25-229 -90 35.50 556280 5182864
PD-25-230 -90 32.50 556281 5182832
PD-25-231 -90 41.50 556312 5182831
PD-25-232 -90 43.00 556311 5182862
PD-25-233 -90 45.50 556310 5182893
About Inventus Mining Corp.
Inventus is a mineral exploration and development Company focused on the world-class mining district of Sudbury, Ontario. We
have a 100% interest in our principal assets, the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project,