Mr. Christian Kargl-Simard reports

ADVENTUS MINING ANNOUNCES THE SIGNING OF AN INVESTMENT AGREEMENT WITH THE GOVERNMENT OF ECUADOR FOR THE DEVELOPMENT OF THE CONDOR PROJECT

Adventus Mining Corp. has signed an investment agreement (IA) with the government of Ecuador for the development of the Condor mining project located in southeastern Ecuador. This important milestone reached between the government of Ecuador and Adventus provides a foundation for the continuing advancement of the project toward development and for the negotiation of the investment protection agreement (IPA) that would be required for future mining construction and operations if the project reaches that stage of advancement. The IA is a statement of mutual interest between Adventus and the government of Ecuador, through the Ministry of Production, Foreign Trade, Investment and Fisheries, to negotiate the terms and conditions for a future IPA that is expected to outline the project's scope, investment commitments, timelines and responsibilities and to work together toward obtaining all necessary approvals, licences and permits under Ecuadorian law and international standards.

The IA explicitly covers an investment commitment by Adventus, totalling a minimum of $100-million (U.S.), which includes $52-million (U.S.) of historical spending made on the project from 2010 to 2023 and the future investment commitment of $48-million (U.S.) for the period between 2024 and 2038. The IA also extends to include any additional investments made by Adventus during the period, which would be included for investment protection in the future IPA.

About Adventus Mining Corp.

Adventus Mining is an Ecuador-focused copper-gold exploration and development company. Adventus is advancing the 215-square-kilometre majority-owned Curipamba copper-gold project, which has a completed feasibility study on the shallow and high-grade El Domo deposit. With the recent merger with Luminex Resources Corp., Adventus Mining owns the Condor gold project and a large exploration project portfolio that spans over 135,000 hectares -- one of the largest holdings in Ecuador. The company's strategic shareholders include Ross Beaty's Lumina Group, Altius Minerals Corp., Wheaton Precious Metals Corp. and significant Ecuadorian investors. Adventus Mining is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ADZN and trades on the OTCQX under the symbol ADVZF.

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