15:22:08 EDT Wed 18 Mar 2026
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or Name
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Inventus Mining Corp (2)
Symbol IVS
Shares Issued 210,968,851
Close 2026-03-17 C$ 0.24
Market Cap C$ 50,632,524
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Inventus posts $1.16M gold sales from Trench 1 sample

2026-03-18 12:30 ET - News Release

Mr. Wesley Whymark reports

INVENTUS REPORTS $1.16 MILLION IN GOLD SALES AND 102 PER CENT RETURN ON BULK SAMPLE COST AT PARDO

Inventus Mining Corp. has released results for its Trench 1 bulk sample at its 100-per-cent-owned Pardo River of Gold project, located 65 kilometres northeast of Sudbury, Ont.

Highlights

  • 172 ounces of gold were recovered from 2,512 dry tonnes processed;
  • Gold sales totalled $1,166,596;
  • Gold sales exceeded direct bulk sample costs of $578,626 by 102 per cent;
  • Approximately 17,500 tonnes are stockpiled and ready for processing, with a further 20,000 tonnes permitted for extraction.

Why these results matter for investors

Wesley Whymark, chief executive officer, comments:

"Pardo continues to demonstrate the combination of repeatable economics and growing geological confidence that investors want to see in an advancing gold project. The value of the recovered gold continues to materially exceed direct mining and processing costs, while each bulk sample campaign generates real operating data that improves confidence in grade predictability, helps refine the company's upcoming resource estimate and reduces technical risk.

"With approximately 17,500 tonnes already stockpiled and ready for processing, and a further 20,000 tonnes permitted for extraction, Inventus has a clear runway to build on these results. We believe continued bulk sampling can generate additional non-dilutive cash flow that can be used to further advance the project."

Near-term catalysts

  • Assay results are pending from 96 drill holes completed to date, with drilling continuing;
  • Processing of approximately 17,500 tonnes of stockpiled bulk sample material;
  • A further 20,000 tonnes already permitted for extraction to support continued bulk sampling.

Processing results

A total of 2,512 dry tonnes were processed between Jan. 26 and Feb. 5, 2026. Reconciliation of the bulk sample was determined using pre- and postrun in-circuit inventories, and a total of 172 ounces of gold was recovered.

Based on the material processed to date, the Trench 1 bulk sample is estimated to have a head grade of 2.51 grams per tonne gold and a metallurgical recovery of 85 per cent. These figures are estimates because severe winter conditions affected the milling campaign. Material freezing within the milling circuit reduced throughput relative to the planned run and limited the reliability of tailings sampling. As only approximately 25 per cent of the total bulk sample has been processed to date, the company will provide a more complete metallurgical balance, including final reconciled head grade and recovery, once the remaining material has been processed under more representative operating conditions.

Direct bulk sample costs

Direct bulk sample costs totalled approximately $578,626, equivalent to $230 per dry tonne processed ($169 (U.S.)/tonne) and $3,364 per ounce recovered ($2,453 (U.S.)/ounce). These costs included grade-control drilling, extraction, crushing, hauling and processing. Corporate G&A (general and administrative) and Inventus personnel costs were excluded, as these overlapped with other company activities.

About Inventus Mining Corp.

Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ont. The company has a 100-per-cent interest in our principal assets, the Pardo Paleoplacer gold project and the Sudbury 2.0 critical mineral project, located northeast of Sudbury. The Pardo gold project is the first important paleoplacer gold discovery in North America. Inventus has approximately 209 million common shares outstanding.

Qualified person

The qualified person responsible for the technical content of this news release is Wesley Whymark, PGeo, who has reviewed and approved the technical disclosure in this news release on behalf of the company.

Technical information

The Trench 1 bulk sample was processed at McEwen Mining's stock mill, a fully permitted facility utilizing a conventional carbon-in-leach (CIL) flowsheet. The bulk sample material entered directly into the ball mill, where feed samples were collected for grade control. The material was milled to P95 (greater than 95 per cent passing 74 micrometres) through a two-stage cyclone overflow regrind ball mill circuit and then directed into the CIL tanks, where activated carbon adsorbed gold from solution. Tails were sampled after the final CIL tank discharge to determine metallurgical efficiency. The carbon load and circuit inventories were sampled, weighed, and assayed before and after the bulk sample was processed to provide Inventus with an in-circuit inventory for reconciliation of the bulk sample.

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