Start of exploration at Pilar and updates on financing
P R E S S R E L E A S E
TOCVAN ANNOUNCES START OF EXPLORATION AT PILAR AND UPDATES ON FINANCING
Calgary, Alberta – November 30, 2021. Tocvan Ventures Corp. (CSE: “TOC”) (OTC: TCVNF) (WKN:TV3/A2PE64)
(“Tocvan” or the “ Company”) is pleased to announce that it has closed a first tranche of its previously announced
non-brokered private placement of units (“ Units”) for gross proceeds of $ 471,225.00 (the “Offering”). The Offering
consisted of the issuance of an aggregate of 471,225 Units at a price of $ 1.00 per Unit. Each Unit consists of one
common share (“Common Share ”) in the capital of the Company and one -half common share purchase warrant
(“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $ 1.50, for a period
of 24 months from the closing of the Offering.
In connection with the Offering, the Company paid aggregate cash commissions to arm’s length finders who assisted
with the Offering of approximately $20,098 and issued 20,098 finder warrants (“ Finder Warrants”). Each Finder
Warrant is exercisable at a price of $1.50 per Common Share for a period of 24 months from the closing of the Offering.
The company currently has 31,312,701 Common Shares outstanding.
DISCUSSION ON USE OF PROCEEDS
Proceeds from the Offering will be used to advance the Pilar Gold -Silver Project in Sonora, Mexico. VP Exploration,
Brodie Sutherland is currently in Mexico to initiate the next phase of exploration. The company will be evaluating
surface mineralization with trenching and channel sampling followed by a series of column leach studies on
representative sites across the Main Zone. In addition, drilling is planned with between 5,000 to 8,000 meters estimated
between now and July of 2022. Drilling will focus on continued step-out drilling along the Main Zone and new 4-Trench
Trend, following up on Phase II st ep-outs highlighted by JES -21-50 which intersected 39.7m at 0.96 g/t Au including
1.5m at 14.6 g/t Au . Exploration drilling will continue to evaluate target areas along the Triple Vein Zone. Surface
exploration work will continue with trenching and sampling along the southeastern extension of the Main Zone.
In December, an exploration program of surface mapping and sampling will be conducted at the El Picacho Gold-Silver
Project in Sonora, Mexico. The program aims to advance key target areas towards tren ching and ultimately drill
targeting.
“We are now on the ground in Mexico with our exploration team and we are very much looking forward to this next
phase of exploration.”, commented VP Exploration, Brodie Sutherland. “I will updating on our progress ove r the next
few weeks as we begin trenching for detailed metallurgical analysis at our Main Zone and exploration of key target
areas. At the same time, we look to rapidly move towards our next phase of drilling. Despite recent market volatility the
Company’s exploration program will go forward as planned and I will be on site at Pilar to oversee the start.”
ANNUAL GENERAL MEETING OF SHARHOLDERS (“AGM”) – JANUARY 31, 2022
The Company is also pleased to announce the date for its AGM has been set for January 31, 2022. The Company
encourages all shareholders to take part as it will be voting on the spin-out of the 100% owned Rogers Creek Property
in British Columbia into a new company focused on copper assets, Cascade Copper.
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NO MATERIAL INFORMATION TO ANNOUNCE
The Company i s not aware of any material non -public information at this time. The Company would like to address
recent market volatility and confirm it is not correlated with any pending material information due for release. Recent
market activity is likely due to global uncertainty with the resurgence of a new COVID-19 variant.
ABOUT THE PILAR PROPERTY
The Pilar Gold-Silver property is interpreted as a structurally controlled low-sulphidation epithermal project hosted in
andesite rocks. Three zones of mineralization have been identified in the north-west part of the property from historic
surface work and drilling and are referred to as the Main Zone, North Hill and 4-Trench. Structural features and zones
of mineralization within the structures follow an overall NW-SE trend of mineralization. Over 22,700 m of drilling have
been completed to date. Significant results are highlighted below:
• 2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
o 39.7m @ 0.96 g/t Au, including 1.5m @ 14.6 g/t Au
o 47.7m @ 0.75 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
o 29m @ 0.71g/t Au
o 35.1m @ 0.66 g/t Au
• 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
o 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
o 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0g/t Au and 12 g/t Ag ;
o 24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
• 17,700m of Historic Core & RC drilling. Highlights include:
o 61.0m @ 0.8 g/t Au
o 16.5m @ 53.5g/t Au and 53 g/t Ag
o 13.0m @ 9.6 g/t Au
o 9.0m @ 10.2 g/t Au and 46 g/t Ag
Soil and Rock sampling results from undrilled areas indicate mineralization extends towards the southeast from
the Main Zone and 4 -Trench Zone. Recent Surface exploration has defined three new target areas: Triple Vein
Zone, SE Vein Zone and 4 Trench Extension.
Brodie A. Sutherland, P.Geo., VP Exploration for Tocvan Ventures Corp. and a qualified person ("QP") as defined by
Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
ABOUT TOCVAN VENTURES CORP.
Tocvan is a well-structured exploration development company. Tocvan was created in order to take advantage of the
prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities
where management feels they can build upon previous success. Tocvan has approximately 31 million shares
outstanding and is earning into two exciting opportunities in Sonora, Mexico: the Pilar Gold -Silver project and the
El Picacho Gold -Silver project. Management feels both projects represent tremendous opportunity to create
shareholder value.
FOR FURTHER INFORMATION, PLEASE CONTACT:
TOCVAN VENTURES CORP.
Brodie A. Sutherland, VP Exploration
950-736 6 Ave SW
Calgary, Alberta T2P 3T7
Telephone: 403-668-7855
Email: [email protected]
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CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
This news release contains “forward- looking information” which may include, but is not limited to, statements with respect to the
activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward- looking
information in this news release includes statements regarding the use of proceeds from the Offering. Such forward- looking
information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) o f such
words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occ ur or be
achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current
judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward -looking
information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future results, performance or achievements expressed or implied
by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s
business, the Company’s formative stage of development and the Company’s financial position. Forward -looking statements
contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward -
looking statements, whether as a result of new information, future events or results, except as may be required by applicable
securities laws.
There can be no assurance that forward- looking information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
information.