Tocvan Discovers New GOLD-Silver Zone 1,600 Meters from Main Zone at South Block Gran Pilar; First Aggressive Step-Out Drilling Intersects Mineralization from Surface
TOCVAN DISCOVERS NEW GOLD-SILVER ZONE 1,600 METERS FROM
MAIN ZONE AT SOUTH BLOCK GRAN PILAR; FIRST AGGRESSIVE
STEP-OUT DRILLING INTERSECTS MINERALIZATION FROM
SURFACE
Hermosillo, Mexico – April 1, 2026 – Tocvan Ventures Corp. (the “Company” or “Tocvan”) (CSE: TOC) (OTCQB:
TCVNF) (WKN: TV3/ A2PE64) is pleased to announce a significant new drill discovery in the South Block of its
flagship Gran Pilar Gold- Silver Project in Sonora, Mexico. RC hole JES -26-135 intersected 22.9 m of 0.6 g/t Au
from surface (including 6.1 m of 1.6 g/t Au and 13 g/t Ag) and 10.69 m of 0.4 g/t Au at 122.0 m depth in the first-
ever aggressive step -out from the Main Zone, 1,600 meters to the northeast. The discovery occurs within the
northern portion of a 1,200-meter-long magnetic anomaly that is surrounded by strongly elevated gold values
in rock and soil samples. The anomaly itself hosts some of the highest-grade and highest-concentration gold
anomalies identified to date on the property.
RC Drilling is ongoing as part of the Company’s fully funded 20,000- meter program, with over 2, 400 meters
completed to date.
Highlights
• New discovery 1,600 m east of Main Zone — first aggressive step -out in South Block returns 22.9 m @
0.6 g/t Au from surface, including 6.1 m @ 1.6 g/t Au & 13 g/t Ag (JES-26-135)
• Additional deeper zone: 10.7 m @ 0.4 g/t Au (including 3.1 m @ 1.3 g/t Au & 13 g/t Ag) from 122 m
downhole
• Mineralization hosted in northern portion of 1,200 m long magnetic anomaly surrounded by strongly
anomalous gold-in-soil and rock samples; 2.4 g/t Au and 21.9 g/t Ag in soils (40m north of JES-26-135)
and 2.7 g/t Au with 17 g/t Ag and 2.3 g/t Au with 24 g/t Ag in rocks (15m south of JES-26-135)
• Part of fully funded 20,000 m program; >2,400 m completed to date
• First three exploration holes from South Block and six pilot-facility holes reported in this release
VIDEO
Tocvan Ventures - Significant Drill Discovery 1,600 Meters from Main Zone at Gran Pilar
CSE: TOC | OTCQB: TCVNF | FSE: TV3
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Why This Discovery Matters
• Proves district-scale potential: The 1,600 m step-out is the first aggressive test beyond the Main Zone
and immediately hits mineralization, significantly expanding the known footprint of the Gran Pilar
system.
• Validates targeting strategy: Discovery sits inside a 1,200 m magnetic anomaly that already hosts the
strongest gold-in-soil (1,200 m of >50ppb Au; incl., 260 m of 180 to 1,200 ppb Au) and rock geochemistry
on the entire property, confirming that geophysics combined with surface geochemistry in conjunction
with geological and structural mapping are effective tools for new discoveries.
• Opens a new mineralized corridor: The South Block now demonstrates its own independent
mineralized zone at surface, separate from the Main Zone, increasing the overall size and scale
potential of the project.
• De-risks future growth: Early success in the fully funded 20,000 m program shows that high- priority
targets identified by magnetics and geochemistry can deliver immediate results, accelerating
resource expansion and exploration momentum.
• Enhances project viability: A significantly larger mineralized system at surface supports the potential
for open-pit resources, strengthening the pathway toward near-term production and long-term value
creation.
“This is a landmark result for Tocvan,” commented Brodie Sutherland, CEO. “For the first time we have
aggressively tested well beyond the Main Zone in the South Block and immediately intersected
mineralization at surface. The location within a large magnet ic anomaly that already shows the strongest
surface gold geochemistry on the project underscores the scale potential we see at Gran Pilar. With over
2,400 meters already drilled in our fully funded 20,000-meter program, we are well positioned to continue
expanding this new discovery and testing additional high -priority targets. Currently drilling is active 300
meters east of this new discovery, testing the current eastern limit of known mineralization. Our programs
are fully funded for drilling and pilot mine operation. With a clear path to near -term pilot production,
these early South Block results significantly increase the scale and potential of Gran Pilar.”
A total of three exploration drill holes and six holes related to the pilot facility are included in this news release.
The Company will provide further updates as additional drill holes are completed and assays are received.
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Figure 1. Drone magnetic survey map showing tilt derivative of the Reduced to Pole (RTP) and priority target areas
identified to date by geological mapping and surface geochemistry. Location of the new El Mezquite target area.
Figure 2. Cross-section view west to east across the South Block. El Mezquite target is 1,600m east of the Main Zone . The area between
is just now being explored and drilled for the first time. Another 1,500m east is additional area just starting to be explored.
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Figure 3. Drone magnetic survey map showing tilt derivative of the Reduced to Pole (RTP) and priority target areas
identified to date by geological mapping, surface geochemistry and drilling. The majority of the project has seen no
modern exploration, first pass reconnaissance drilling is being completed for the first time across the South Block.
Figure 4. Long-section across the Gran Pilar project. First pass exploration drilling across the South Block has returned
promising results early. The North Block has returned encouraging silver results to date, with more follow-up planned.
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El Mezquite Target
Initial drill target was elevated gold and silver in soils and rock samples. Up to 2.4 g/t Au and 21.9 g/t Ag in soils,
within 350-meter-long soil anomaly. Rock samples including 2.7 g/t Au, 17 g/t Ag and 0.68% Pb and 2.3 g/t Au,
24 g/t Ag and 0.92% Pb. All hosted within andesite volcanic rocks, that make up the primary host across most
of the project area. The target coincides with magnetic linear feature (interpreted fault structure) that extends
north-south for over 1,200 meters. The target is open north and south along strike and further to the northwest
towards another elevated soil sample ( 247 ppb Au or 0.25 g/t Au ). Two zones (0.0 -22.9m and 122.0 -132.7m)
were intersected in drillhole JES -26-135 with anomalous mineralization in between . Since the drillhole started
in mineralization the full extent and potential width is unknown at this time. A drill will follow-up to further define
the extent of mineralization at the target.
Pilot Drilling
The Company is also pleased to announce successful completion of drilling in preparation for the Pilot Mine
Facility. A total of four condemnation holes were completed underneath the future mine facility and
infrastructure. No significant mineralization was intersected, confirming the area is suitable for long -term
infrastructure. A total of two water monitoring wells were drilled. The upper well, closest to existing drilling was
sampled and returned anomalous gold and silver (up to 0.13 g/t Au and 22.6 g/t Ag), which likely represents
the outer extent of mineralization extending from the North Hill prospect 100 meters to the southeast.
Summary of Other Exploration Drilling
JES-26-133 tested the southern extension of the same magnetic feature and intersected seven anomalous
zones with up to 0.3 g/t Au and 21.5 g/t Ag; the hole ended in mineralization.
JES-26-140 tested a southern target and returned 13.7 m of anomalous mineralization with up to 0.2 g/t Au, 17
g/t Ag and elevated pathfinder elements.
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Table 1. Summary of Drillhole results in this news release. As this is first pass reconnaissance drilling, true drill widths are
unknown at this time.
Hole ID From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
Cu
(ppm)
Pb
(ppm)
Zn
(ppm)
JES-26-129 NSV (Condemnation)
JES-26-130 NSV (Condemnation)
JES-26-131 NSV (Condemnation)
JES-26-132 NSV (Condemnation)
JES-26-133 12.20 13.73 1.53 0.14 2.1 31 160 134
and 25.93 27.45 1.53 0.24 4.5 49 466 1355
also 36.60 38.13 1.53 0.30 8.3 66 892 1385
also 83.88 85.40 1.53 0.12 1.8 12 117 266
also 102.18 103.70 1.53 0.14 1.0 74 47 158
also 134.20 135.73 1.53 0.03 21.5 77 233 618
also 186.05 187.58 1.52 0.13 1.5 180 499 485
also 198.25 199.78 1.53 0.32 3.5 162 172 174
JES-26-135 0.00 22.88 22.88 0.55 5.0 130 511 652
Incl. 0.00 15.25 15.25 0.80 7.2 174 726 899
Incl. 0.00 6.10 6.10 1.61 13.0 283 1186 1362
and 35.08 36.60 1.53 0.22 1.2 35 153 135
also 62.53 64.05 1.53 0.31 0.9 42 105 144
also 77.78 79.30 1.52 0.15 1.8 66 225 416
also 80.83 82.35 1.52 0.14 2.5 81 447 591
also 83.88 85.40 1.53 0.03 9.4 69 555 271
and 122.00 132.68 10.68 0.43 3.5 148 595 542
Incl. 126.58 129.63 3.05 1.33 12.6 533 2357 2111
JES-26-137 0.00 32.03 32.03 NSV (Water Monitoring Well)
JES-26-138 6.10 7.63 1.53 0.13 22.6 68 205 292
JES-26-138 19.825 21.35 1.53 0.13 1.4 54 17 143
JES-26-140 131.15 144.88 13.73 0.04 4.97 342 85 400
Collar Easting Northing Elevation
(m)
Azimuth Dip TD (m) Type
JES-26-129 617288 3145061 398 200 -45 50.33 Pilot
JES-26-130 617190 3145106 390 145 -45 74.73 Pilot
JES-26-131 617147 3145121 389 0 -90 30.50 Pilot
JES-26-132 617286 3145156 395 0 -90 30.50 Pilot
JES-26-133 619090 3144187 516 225 -45 199.78 Exploration
JES-26-135 619009 3145177 479 25 -45 213.50 Exploration
JES-26-137 617102 3145190 377 0 -90 32.03 Water Well
JES-26-138 617353 3144996 406 0 -90 65.58 Water Well
JES-26-140 618757 3143906 521 295 -45 204.35 Exploration
Table 2. Summary of Drillholes in this news release.
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The Gran Pilar Project, Sonora, Mexico
100% CONTROLLED PRIORITY TARGETS FOR TRENCHING & DRILLING
1. South Block Main Zone Expansion
a. Follow-up on 2025 Drill Success
i. 19.4 g/t Au over 3.1 meters within 106.6 meters of 0.6 g/t Au (February 25, 2025 News Release)
ii. 5.4 g/t Au over 6.1 meters within 41.2 meters of 1.0 g/t Au (May 7, 2025 News Release)
iii. 136 g/t Ag over 10.7 meters within 42.7 meters of 41 g/t Ag (June 25, 2025 News Release)
2. South Block (November 12, 2024 News Release)
a. Placer Corridor (900-meter strike length)
i. Soil samples up to 21.2 g/t Au and >2,000 g/t
b. Placer Source Area
i. Soil samples up to 2.4 g/t Au and 22 g/t Ag
ii. Rock samples up to 7.3 g/t Au and 389 g/t Ag
3. North Block
a. North Alteration Zone (3.2 km by 1.5 km area)
i. 2-meter chip sample, 5.6 g/t Au and 106 g/t Ag (October 19, 2023 News Release)
ii. Historic mine working sample, 3.2 g/t Au and 1,225 g/t Ag (March 8, 2024 News Release)
Gran Pilar Drill Highlights:
• 2025 Diamond Drilling Highlights include:
o 83.5m @ 1.3 g/t Au, including 9.7m @ 10.3 g/t Au (March 11, 2025 News Release)
o 97.4m @ 0.7 g/t Au, including 36.3m @ 1.6 g/t Au (March 19, 2025 News Release)
o 64.9m @ 1.2 g/t Au, including 3.0m @ 21.6 g/t Au and 209 g/t Ag (March 26, 2025 News Release)
o 46.9m @ 0.5 g/t Au, including 2.6m @ 7.2 g/t Au and 80 g/t Ag (April 16, 2025 News Release)
• 2025 RC Drilling Highlights include:
o 106.8m @ 0.6 g/t Au, including 3.1m @ 19.4 g/t Au (February 25, 2025 News Release)
o 41.2m @ 1.0 g/t Au, including 6.1m @ 5.4 g/t Au (May 7, 2025 News Release)
• 2024 RC Drilling Highlights include (all lengths are drilled thicknesses):
o 42.7m @ 1.0 g/t Au, including 3.1m @ 10.9 g/t Au
o 56.4m @ 1.0 g/t Au, including 3.1m @ 14.7 g/t Au
o 16.8m @ 0.8 g/t Au and 19 g/t Ag
• 2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
o 116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
o 108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
o 63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
• 2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
o 39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
o 47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
o 29m @ 0.7 g/t Au
o 35.1m @ 0.7 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 @ 6.0 g/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
• 15,000m of Historic Core & RC drilling. Highlights include:
o 61.0m @ 0.8 g/t Au
o 21.0m @ 38.3 g/t Au and 38 g/t Ag
o 13.0m @ 9.6 g/t Au
o 9.0m @ 10.2 g/t Au and 46 g/t Ag
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Pilar Bulk Sample Summary:
• 62% Recovery of Gold Achieved Over 46-day Leaching Period
• Head Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
• Bulk Sample Only Included Coarse Fraction of Material (+3/4” to +1/8”)
• Fine Fraction (-1/8”) Indicates Rapid Recovery with Agitated Leach
o Agitated Bottle Roll Test Returned Rapid and High Recovery Results: 80% Recovery of Gold and 94%
Recovery of Silver after Rapid 24-hour Retention Time
Additional Metallurgical Studies:
• Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
o 95 to 99% Recovery of Gold
o 73 to 97% Recovery of Silver
o Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth.
About Tocvan Ventures Corp.
Tocvan Ventures Corp. is a dynamic exploration and near- term producer advancing high -potential gold and silver
projects in the mine-friendly jurisdiction of Sonora, Mexico. At its flagship Gran Pilar Gold-Silver Project, Tocvan holds a 100%
interest in over 21 km² of prospective ground, bolstered by the pivotal 2023 land acquisition that provides ample space for
scalable mine infrastructure, including a planned 50,000 -tonne pilot production facility. The Company also maintains a
51% interest in a 1 km² joint venture area with Colibri Resources, further expanding its footprint. Recent exploration
successes, including near surface 3.1 meters at 19.4 g/t Au, underscore Gran Pilar’s potential as a premier gold-silver asset.
Additionally, Tocvan’s 100% owned Picacho Gold -Silver Project, located in the prolific Caborca Trend —home to some of
Mexico’s largest gold deposits—positions the Company for further growth. With robust metallurgical results (up to 99% gold
and 97% silver recovery) and a strategic capital to bolster growth, Tocvan is poised to deliver significant shareholder value
in a market buoyed by record-high gold prices. With approximately 78 million shares outstanding, Tocvan is committed to
unlocking the full potential of its assets through innovative exploration, strategic development, and investor- focused
initiatives.
Quality Assurance / Quality Control
Rock and Drill samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis
at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025
certified. Gold was analyz ed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over
limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed
using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade
four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were
systematically inserted into the sample stream and analyzed as part of the Company’s robust quality assurance / quality
control protocol.
Soil Samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS
laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified.
Gold and mu lti-element analysis of soils was completed by aqua regia digestion and ICP -MS finish using a 50 -gram
nominal weight. Over limit gold values greater than 1 g/t were re-assayed with a more robust aqua regia digestion ad ICP-
MS finish. Over limit analyses fo r silver (>100 g/t) were re -assayed using an ore -grade four-acid digestion with ICP -AES