Mr. Christian Kargl-Simard reports

ADVENTUS ANNOUNCES C$10 MILLION BOUGHT DEAL PRIVATE PLACEMENT

Adventus Mining Corp. has entered into an agreement with a syndicate of underwriters led by Raymond James Ltd., pursuant to which the underwriters have agreed to purchase on a "bought deal" private placement basis 10 million common shares of the company at a price of $1 per share, representing total gross proceeds of $10-million.

In addition, the company has granted the underwriters an option, exercisable in whole or in part on the closing date, to purchase up to 1.5 million additional shares at the offering price. In the event that the underwriters' option is exercised in its entirety, the aggregate gross proceeds of the offering will be $11.5-million.

The net proceeds of the offering will be used by the company to finance exploration and development activities at the Curipamba project, exploration and development activities within the Ecuador Exploration Alliance, including the Pijili and Santiago projects, and general administration and corporate purposes.

The portion of the offering involving strategic shareholders constituted "related party transactions" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The company has relied on exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a).

The shares will be offered for sale on a private placement basis, pursuant to applicable exemptions from the prospectus and registration requirements in the following jurisdictions, in all of the provinces of Canada and elsewhere. The shares issued pursuant to the offering are subject to a statutory four-month-and-one-day hold period expiring on Nov. 17, 2019.

Closing is expected on or about Aug. 7, 2019, and is subject to regulatory approval, including that of the TSX-V and the securities regulatory authorities.

About Adventus Zinc Corp.

Adventus is a well-financed exploration and project development company that is focused primarily in Ecuador. Its strategic shareholders include Altius Minerals, Greenstone Resources, Resource Capital Funds and Wheaton Precious Metals. The focus of Adventus is the advancement of the Curipamba copper-gold-zinc project in Ecuador as part of an earn-in agreement to obtain a 75-per-cent ownership interest. In addition, Adventus is engaged in a countrywide exploration alliance with its partners in Ecuador, incorporating the Pijili and Santiago projects to date.

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