G Mining Ventures On Track to Begin Production at Flagship Brazil Gold Mine Next Year

• Louis-Pierre Gignac, the CEO of G Mining Ventures, discusses the work on the Tocantinzinho mine in Brazil.
• On the one-year anniversary of the construction decision, the project over 50% complete. Major procurement and detailed engineering for the project are also finished.
• The capex budget aligns well with their feasibility study of $458 million. They've noted inflationary effects, but overall, financial projections seem stable.
• G Mining focuses on buying early-stage development assets and bringing them to fruition. They're open to tackling projects in the Americas with potential technical issues and see themselves potentially embarking on a new construction project by 2025.
• Many projects face challenges, such as inadequate feasibility studies, staffing, and increasing costs. Despite these, G Mining maintains an entrepreneurial spirit, with a team committed to the project's success.

About G Mining Ventures

G Mining Ventures is a Canada-based precious metals development company focused on the development of its flagship Tocantinzinho Gold Project located in Para State, Brazil. The company is led by President and CEO Louis-Pierre Gignac, who has over 20 years of experience in mine engineering, construction and operations.

G Mining acquired the Tocantinzinho project in 2019. Since acquiring the asset, the company has completed a feasibility study, redesigned the mine plan, secured project financing and commenced construction. The project is now over 50% complete and remains on track to commence production in the second half of 2023.

Once in production, Tocantinzinho is expected to produce over 175,000 ounces of gold per year on average over the first five years of its 10.5 year mine life. The project has an after-tax NPV of $590 million and IRR of 24% at a $1,600 per ounce gold price based on the feasibility study.

Interview with Louis-Pierre Gignac, President & CEO of G Mining Ventures

Rapid Progress Highlighted at Recent Conference

At the Precious Metals Summit conference in Beaver Creek, Colorado, G Mining President and CEO Louis-Pierre Gignac provided an update on the Tocantinzinho project. September 12, 2022 marked the one year anniversary of the company's construction decision at the same conference in 2022.

In the past year, the company has made tremendous progress in advancing the project towards production. Tocantinzinho is now over 50% complete with over 2.8 million work hours completed and remains on schedule for commissioning in the second half of 2023.

Major accomplishments in the past year include:

• Completing detailed engineering
• Securing major equipment purchases
• Amending permits to account for design changes
• Advancing construction to over 50% completion

The company has also locked in favorable power pricing that is below original feasibility study assumptions, which will help offset inflationary pressures on other cost inputs.

Attractive Value Proposition for Investors

Despite the significant derisking and construction progress made to date, G Mining shares continue to trade at a discount to development peers. As the company approaches production, Louis-Pierre Gignac sees potential for significant share price re-rating.

The company’s relatively low-risk organic growth plan focused solely on Tocantinzinho reduces development and execution risk relative to other developers attempting to simultaneously advance multiple projects.

G Mining also has a strong balance sheet with no debt and $100 million in cash, providing a robust position to see the project through to production. Insider ownership is significant at over 20%, ensuring management incentives are aligned with shareholders.

The company expects costs to be competitive, with AISC estimated at $750-800 per ounce. At current gold prices near $1,700, Tocantinzinho should generate strong cash flows to reward shareholders.

Targeting Further Growth through M&A

Beyond the flagship project, G Mining management aims to leverage the team's development capabilities by acquiring another development project that could be fast-tracked to production by 2025. Target jurisdictions include the Americas, where the team has extensive experience.

Potential M&A targets include undervalued development projects with expansion potential that could benefit from G Mining's technical expertise and access to growth capital. This growth-through-acquisition strategy offers significant upside potential beyond the company's organic growth plan.

Conclusion

For investors, G Mining Ventures offers an attractive value proposition as a near-term gold producer with significant upcoming catalysts. The Tocantinzinho project is rapidly advancing through construction on time and on budget, derisking execution. Meanwhile, shares continue to trade at a discount, offering the potential for significant re-rating as the company transitions to production. The project is expected to generate robust cash flows to fund both shareholder returns and future growth. With a clean balance sheet and proven technical team, G Mining is well-positioned to create value for shareholders in the years ahead.