G Mining Ventures Expands Portfolio with Reunion Gold Merger

• G Mining Ventures is merging with Reunion Gold to acquire the Oko West project in Guyana, while being 89% complete on construction of their Tocantinzinho mine in Brazil.
• Tocantinzinho is expected to produce 175,000 oz Au/year and generate over $200M in annual cash flow. This will help minimize dilution to develop Oko West.
• G Mining has done extensive due diligence on Oko West and is comfortable with the geopolitical situation between Guyana and Venezuela. The merger is expected to close in Q3 2024.
• Oko West has 5.9Moz Au across all categories. G Mining sees it as a 200,000 oz/year operation with concurrent open pit and underground mining.
• G Mining has built most major mines in the Guyana Shield and has an in-country network.

About G Mining Ventures

G Mining Ventures is a mining company focused on acquiring, exploring, and developing precious metal projects. The company aims to capitalize on the value uplift that comes with successfully developing a mine. With strong access to capital and a proven track record in mine development, G Mining Ventures Corp. is well-positioned to grow into a mid-tier precious metals producer. The company's flagship project, the Tocantinzinho Gold Project, is located in the mining-friendly and geologically prospective State of Pará, Brazil.

G Mining and Reunion Gold have announced a transformative combination that will create a leading intermediate gold producer in the Americas.

Interview with President & CEO, Louis-Pierre Gignac

Merger with Reunion Gold & Acquisition of Oko West

In a strategic move to expand its portfolio and achieve its goal of becoming an intermediate producer, G Mining Ventures has announced a merger with Reunion Gold.

The merger combines G Mining's strong portfolio of assets with Reunion Gold's Oko West project, considered one of the most significant gold discoveries in the Guiana Shield. This strategic move positions the combined entity to unlock Oko West's immense value potential and accelerate its development.

The combination will be led by G Mining's highly experienced management team, renowned for their impressive track record of successfully executing world-class projects in the Guiana Shield region. With a proven ability to generate industry-leading returns for stakeholders, the team is well-equipped to drive the growth and development of the combined company's assets. The merger also creates a de-risked growth profile, as the anticipated cash flow from the Tocantinzinho project is expected to support the rapid advancement of Oko West.

Furthermore, the combined entity is poised for a compelling re-rating, driven by multiple near-term catalysts and an enhanced capital markets profile. The transaction has received strong support from key stakeholders, with La Mancha and Franco-Nevada committing to a concurrent US$50 million equity financing. Additionally, La Mancha has expressed its intention to purchase up to US$10 million of G Mining shares in the open market, further demonstrating their confidence in the combined company's prospects.

The all-share deal is expected to close in the third quarter of 2024. Oko West boasts 5.9 million ounces of gold across all categories and has the potential to produce 200,000 ounces per year through a combination of open pit and underground mining.

Louis-Pierre Gignac expressed excitement about the merger, stating, "What we see in Oko West is a project that we can quickly get into construction, which is not the case in many jurisdictions. It can take a lot of time to get things permitted and get to that construction decision."

Tocantinzinho Mine Nears Completion

As G Mining Ventures looks to the future with Oko West, the company remains focused on its current project, the Tocantinzinho mine in Brazil. Construction at Tocantinzinho is 89% complete, with commissioning activities underway. The mine is expected to begin producing gold within three months and reach commercial production in the second half of 2024. Tocantinzinho is an open pit operation that will produce an average of 175,000 ounces of gold per year, generating over $200 million in annual cash flow.

Geopolitical Considerations & Due Diligence

G Mining Ventures has thoroughly assessed the geopolitical situation between Guyana and Venezuela, particularly in light of the ongoing boundary dispute that has resurfaced due to recent oil discoveries off the coast of Guyana. The company has conducted extensive due diligence and is comfortable with the situation, viewing it as a political ploy by Venezuela to garner support for free elections. With international support from Brazil, the United States, and European nations firmly behind Guyana, G Mining Ventures believes the dispute will be resolved through the courts and is unlikely to result in conflict.

Leveraging Expertise & Minimizing Dilution

The merger with Reunion Gold allows G Mining Ventures to redeploy its team, systems, and capabilities to develop Oko West. With a strong network of Guyanese expats already working for the company in Brazil, G Mining Ventures is well-equipped to navigate the local landscape and integrate the Reunion Gold team seamlessly. By utilizing the cash flow generated from Tocantinzinho, G Mining Ventures aims to minimize shareholder dilution while developing Oko West.

Gignac noted, "On a combined basis, this will really minimize shareholder dilution going forward to develop Oko West."

Positive Feedback & Market Timing

G Mining Ventures has received positive feedback from its institutional shareholders regarding the merger with Reunion Gold and the acquisition of Oko West. The timing of the merger is considered ideal, as it coincides with the company's ability to redeploy its team and resources following the completion of Tocantinzinho. Additionally, with gold prices approaching $2,400 per ounce, the market conditions are favorable for G Mining Ventures to generate significant cash flow from its operations.

The Investment Thesis for G Mining Ventures

• Strong track record of developing successful projects in the Guyana Shield
• Experienced management team with a proven ability to navigate local landscapes
• Supportive shareholders, including La Mancha and Franco-Nevada
• Near-term cash flow from Tocantinzinho mine, expected to produce 175,000 oz Au/year
• Strategic acquisition of Oko West project, with potential to produce 200,000 oz Au/year
• Concurrent open pit and underground mining at Oko West to optimize production
• Favorable market conditions with gold prices approaching $2,400 per ounce
• Minimal shareholder dilution expected due to cash flow from Tocantinzinho
• Positive feedback from institutional shareholders regarding merger and acquisition
• Seamless integration of Reunion Gold team and resources will lead to 500.000 oz pa gold production

G Mining Ventures' merger with Reunion Gold and the acquisition of the Oko West project represents a significant opportunity for the company to become an intermediate gold producer targeting 500,000oz gold production. By leveraging its expertise in developing projects in the Guyana Shield and utilizing the cash flow generated from the Tocantinzinho mine, G Mining Ventures is well-positioned to create value for its shareholders. The company's experienced management team, supportive shareholders, and favorable market conditions further contribute to its investment appeal.

As G Mining Ventures continues to execute its growth strategy, investors can expect the company to remain focused on minimizing dilution, optimizing production, and capitalizing on the potential of its assets. With the Tocantinzinho mine nearing completion and the Oko West project poised for development, G Mining Ventures is an attractive investment opportunity for those seeking exposure to the gold mining sector.