An anonymous director of Adventus Mining reports

ADVENTUS MINING AND SALAZAR RESOURCES RESPOND TO WRIT ISSUED BY THE CONSTITUTIONAL COURT OF ECUADOR

Adventus Mining Corp. and Salazar Resources Ltd. have provided an update on a writ issued by the Constitutional Court of Ecuador on Aug. 1, 2023.

On the afternoon of Aug. 1, 2023, the constitutional court admitted for processing an unconstitutionality claim filed by the indigenous group CONAIE (Confederation of Indigenous Nationalities of Ecuador) and other complainants against Presidential Decree 754, which was signed on May 31, 2023, that regulates environmental consultation for all public and private industries and sectors in Ecuador -- not limited to the metals and mining sector. The constitutional court also ordered the provisional suspension of the decree until the same constitutional court resolves, by sentence, the claim filed. The government of Ecuador must now present argumentation within 15 working days to evidence the constitutionality of the decree for the consideration of the constitutional court.

The immediate effect of the provisional suspension of the decree is that no medium- or high-impact projects, from any sector or industry in the country, including the El Domo-Curipamba project, shall be able to obtain an environmental licence until the constitutional court resolves this issue. The government of Ecuador has stated that it will employ all measures at its disposal to respond to the constitutional court.

The participants will provide further updates when additional information becomes available.

About Adventus Mining Corp.

Adventus Mining is an Ecuador-focused copper-gold exploration and development company. Adventus Mining is majority owner of the 215-square-kilometre Curipamba copper-gold project, which has a completed feasibility study on the shallow and high-grade El Domo deposit. In addition, Adventus Mining is engaged in a countrywide exploration alliance in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date. Outside of Ecuador, Adventus Mining owns an exploration project portfolio in Ireland with South32 Ltd. as the financing participant. Its strategic shareholders include Altius Minerals Corp., Greenstone Resources LP, Wheaton Precious Metals Corp. and Nobis Group. Adventus Mining is based in Toronto, Canada.

About Salazar Resources Ltd.

Salazar Resources is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled understanding of the geology in country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador, with a strategy to make another commercial discovery and farm out non-core assets. The company actively engages with Ecuadorian communities, and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25-per-cent stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the company has a 20-per-cent stake fully carried through to a construction decision.

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