TOC.CN · 2025-01-22 12:00:00

Tocvan Surface Exploration Expands Targets at Gran Pilar Gold Silver Project

Corporate Updates

PRESS RELEASE

Highlights:

• Surface Sample Results Yield More Targets in Southern Expansion Block

• Four New Target Areas Identified

• Rock Chips Up to 3.1 g/t Au, 64 g/t Ag, 0.67% Cu and 0.92% Pb

• Core Drilling Ongoing at Pilar’s Main Zone, Four (4) Holes Completed to Date

Calgary, Alberta – January 22, 2025 – Tocvan Ventures Corp. (the “ Company”) (CSE: TOC; OTCQB: TCVNF ; WKN:

TV3/A2PE64), is pleased to announce new surface exploration results from its Gran Pilar Gold Silver Project in mine-friendly

Sonora, Mexico. A total of 188 rock samples and 9 infill soil samples were ana lyzed from the Southern Block of the 100%

controlled Expansion Area. Four new target areas have been identified spanning an area 1.8-kilometers long and 1.0-

kilometer wide. A summary of the top surface results is provided in Table 1 and Figure 1. An additional area 2.1-kilometers

by 1.4-kilometers remains unsampled to the east. Five kilometers to the north in an area referred to as the North Alteration

Zone, early geochemical sampling, alteration mapping and satellite data interpretation suggests a separate large scale (3.2-

kilometers long by 1.5-kilometers wide) epithermal target exists. The Company plans to continue the steady advancement

of these areas as they present significant exploration targets.

Core drilling continues at Pilar’s Main Zone where four drillholes have been completed so far totaling over 408-meters. As

drilling continues logging and sample preparation is underway to evaluate the core results for incorporation into a resource

model. The aim of the core program is to build out a more robust geological model across the area. Each hole completed

has successfully intersected lithologies and structures (vein zones, breccia zones and/or large fault gouges) known to host

and control gold – silver mineralization at Pilar that will aid in modelling. The Company cautions these are visual indications,

assay results are pending to verify the grade of mineralization. RC drilling will recommence shortly on the expansion area

to continue to test the northern extension of mineralization.

“The latest surface exploration results are adding to our list of targets across the Southern Block.” commented,

CEO Brodie Sutherland. “Given how early we are in development of this area, it has yielded encouraging results

across a large footprint that extends two kilometers east and 900-meters north of our Main Zone. What excites

us about these targets is the fact t hat back at our Main Zone historic sampling yielded similar results where

there is significant exposure across roadcuts and trenches. H ere in the Expansio n Area, we are only seeing

naturally exposed windows into the subsurface, we will look to advance these through trenching and drilling

this year. Much of the southern area now has road access, speeding up the advancement of the area . The

Southern Block has kept us occupied, we have not yet begun to detail sample and evaluate the potential of the

Northern Block. Early recon sampling has shown significant potential for a large-scale epithermal system, we

think is separate to what is observed to the south proximal to our Main Zone . Field observations lead us to

believe the two areas represent potential for two separate mineralized systems across the project area greatly

expanding our resource potential.”

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Figure 1. Surface Rock Sampling Results from Gran Pilar Southern Block.

Figure 2. Soil Sampling Results from Gran Pilar Southern Block.

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Table 1. Summary of Top Rock Sample Results from Latest Exploration Work across Gran Pilar.

Sample Easting Northing Elevation

(m)

Precious Metals Base Metals Pathfinders

(g/t)

Ag (g/t) Cu

(ppm)

6365 619394 3145418 433 3.11 17.6 45 5,050 1,130 1,705 2 15

6438 619016 3145167 473 2.74 17.2 762 6,570 437 306 10 50

6436 619015 3145171 473 2.71 17.3 513 6,770 1,370 201 3 65

6437 619012 3145170 475 2.29 23.9 140 9,170 298 4,960 1 33

6371 619029 3145498 447 2.13 1.2 932 19 1,310 272 6 16

6372 619027 3145499 446 1.45 1.0 886 15 1,735 954 12 22

6345 619056 3144025 524 1.12 63.6 41 5,950 74 3,920 1 98

6512 617334 3144767 391 1.09 10.2 3,960 57 131 46 312 6

6342 618607 3145284 463 0.88 1.8 7 48 111 499 <1 20

6366 619387 3145428 434 0.22 2.2 12 183 250 179 1 6

6457 619376 3144498 546 0.22 8.0 67 1,165 255 146 6 <5

6474 619383 3145505 430 0.22 0.6 7 32 90 78 1 <5

6421 619395 3145033 493 0.20 2.0 64 156 313 221 3 5

6298 617870 3145400 435 0.19 19.2 6,680 57 328 <5 1 9

6349 619315 3143954 576 0.19 4.9 14 108 283 1,055 <1 17

6356 619075 3144048 514 0.18 22.4 145 519 152 4,100 1 24

6344 619058 3144027 523 0.17 6.9 40 1,225 82 3,720 2 13

6378 617889 3145508 457 0.15 2.8 144 98 21 779 10 7

6464 619220 3144698 540 0.15 1.6 16 9 32 94 6 5

6359 619355 3145223 506 0.13 8.7 17 51 9 140 8 6

6420 619405 3145088 473 0.12 1.5 31 174 399 110 1 <5

6459 619346 3144458 535 0.12 0.7 14 83 164 57 3 <5

6462 619238 3144554 543 0.12 1.3 13 61 59 61 9 <5

6343 619058 3144027 523 0.11 8.0 33 293 115 522 2 6

6368 619383 3145431 435 0.10 1.8 8 149 167 225 <1 <5

Table 2. Summary of new infill soil sample results from Gran Pilar.

Sample Easting Northing Elevation

(m)

Precious Metals Base Metals Pathfinders

Au (g/t) Ag (g/t) Cu

(ppm)

6501 618801 3145064 444 0.451 7.78 36 671 147 463 2 3

6499 618899 3145015 473 0.103 1.93 44 109 82 91 1 1

6497 618898 3144916 487 0.093 4.39 110 108 68 313 2 3

6500 618899 3145066 461 0.037 0.78 47 44 44 35 1 1

6503 618799 3144966 443 0.025 0.48 35 47 69 66 3 1

6505 618499 3145017 426 0.024 0.45 38 30 99 36 0 1

6502 618799 3145016 440 0.022 0.25 10 25 33 43 1 1

6504 618799 3144916 438 0.019 0.19 19 21 51 48 3 1

6498 618898 3144966 486 0.009 0.30 15 20 38 19 0 1

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Figure 3. Gran Pilar Project Overview, > 22km2 of prospective ground.

Pilar Drill Highlights:

• 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

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• 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

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.

Based on management’s strong belief in the project’s potential, the Company is outlining a permitting and operations strategy for a

pilot facility at Pilar. The facility would underpin a robust test mine scenario with aims to process up to 50,000 tonnes of material.

Timelines and budget are being prepared with the aim of moving forward with the development early in 2025. With gold prices hitting

all-time highs, the Company believes the onsite test mine will provide key economic parameters and showcase the m ineral potential

of the area. In 2023, the Company completed an offsite bulk sample that produced important data showcasing the potential to recover

both gold and silver through a variety of methods including heap leach, gravity and agitated leach (see August 22, 2023, news release

for more details).

About Tocvan Ventures Corp.

Tocvan’s advancing gold-silver projects are located in the mine -friendly jurisdiction of Sonora, Mexico. Through ongoing exploration

programs, Company is unveiling the high-potential at its Gran Pilar Gold-Silver Project where it holds 100% interests in over 21 square

kilometers of prospective area and a majority ownership (51%) in a one square kilometer area shared with Colibri Resources. T he

Company also holds 100% interest in the Picacho Gold-Silver project in the Caborca Trend of northern Sonora, a trend host to some of

the major gold deposits of the region. Management feels both projects represent tremendous opportunity to create shareholder value.

Tocvan has approximately 56 million shares outstanding.

Quality Assurance / Quality Control

Rock 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 an alyzed

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 laborato ry

in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold and mult i-

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 for silver (>100

g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising blank samples and certified

reference materials were systematically inserted into the sample stream and analyzed as part of the Company’s robust quality

assurance / quality control protocol.

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Brodie A. Sutherland, CEO 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.

Cautionary Statement Regarding Forward Looking Statements

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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) of such words and phrases, or state that

certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur 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-loo king

information.

FOR MORE INFORMATION, PLEASE CONTACT:

TOCVAN VENTURES CORP.

Brodie A. Sutherland, CEO

820-1130 West Pender St.

Vancouver, BC V6E 4A4

Telephone: 1 888 772 2452

Email: [email protected]

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