Ms. Maryse Belanger reports

ADVENTUS MINING ANNOUNCES APPOINTMENT OF MARYSE BELANGER AS BOARD CHAIR

Adventus Mining Corp. has appointed Maryse Belanger as a non-executive director and the new chair of the board of directors, effective as of today. Ms. Belanger succeeds Mark Wellings, current director and chair of the board, who is retiring after over seven years of dedicated service to the company.

Ms. Belanger brings over 35 years of experience with development and production stage mining companies globally with proven strengths in operational excellence and efficiency, technical studies, and services. She has provided oversight and project management support through some of the mining industry's key strategic acquisitions. Ms. Belanger was appointed board chair at Iamgold in February, 2022. She was interim president and chief executive officer of Iamgold from May, 2022, to the end of March, 2023, and retired as a director in September, 2023. From July, 2016, to July, 2019, Ms. Belanger was president, chief operating officer and director of Atlantic Gold Corp., where she successfully guided the company in taking its Touquoy mine in Nova Scotia from construction to commissioning, ramp-up and full production, through its eventual acquisition by St. Barbara for $722-million. Ms. Belanger is currently a director of Equinox Gold Corp. She was recognized twice by the Women in Mining UK 100 Global Inspirational Women in Mining project as one the most inspirational Global Women in Mining and named one of the 10 most influential women in the mining industry. She holds a bachelor of science degree in geology, a graduate certificate in geostatistics and an ICDD designation, and she is fluent in English, French, Spanish and Portuguese.

Christian Kargl-Simard, president and chief executive officer of Adventus, commented: "The company wishes to thank Mark for his unwavering commitment as we have grown the company since its founding in 2016. His experience and mentorship have been invaluable, and I speak on behalf of the whole board and management team when I say it has been a pleasure working with him. Adventus is at an exciting and important juncture in its growth, and Ms. Belanger's extensive experience across the mining industry at the highest levels is very relevant for the company. Her insights will strengthen our position as we continue to pursue growth opportunities and we look forward to her contribution as a director and chair of the board."

Mr. Wellings commented: "I am very proud of what Adventus has achieved since its founding, and so it is bittersweet to be moving on, but it is the right juncture to step back, acknowledging the capable leadership Maryse will bring to the company. I look forward to watching the company's continued growth under her guidance."

Ms. Belanger commented: "After visiting the company's El Domo-Curipamba project and meeting the locally based team, I know Adventus today presents a significant opportunity for a wide range of stakeholders. I am focused on the challenges ahead and committed to help navigate a successful path forward. I am excited to work with the teams in Canada and Ecuador."

Grant of stock options and restricted share units

The company also announces that it has granted an aggregate of 1.04 million incentive stock options under the company's share compensation plan to directors, employees and consultants, with an exercise price of 32 cents per stock option, exercisable for a period of five years from the date of grant and vesting over three years.

The company has also awarded an aggregate of 70,000 restricted share units (RSUs) under the company's share compensation plan to employees. Each RSU represents a right to receive one common share of the company, following the vesting of such RSUs over a two-year period.

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 also 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 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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