An anonymous director reports

ADVENTUS AND SALAZAR HIGHLIGHT CORPORATE SOCIAL RESPONSIBILITIES IN ECUADOR

Adventus Mining Corp. and Salazar Resources Ltd. have provided an update on the continuing community and economic development activities in Ecuador at the Curipamba copper-gold project as well as similar plans for the earlier-stage Pijili and Santiago projects. Local community, exploration and project development activities at Curipamba are carried out by the Ecuadorian company Curimining SA, which employs an all in-country Ecuadorian team.

The partners and Curimining are committed to providing tangible benefits to the communities closest to the Curipamba project, which covers 21,537 hectares in central Ecuador. The local programs aim to encourage education and capacity building, environmental protection, economic development and diversification, and improved opportunities for employment either directly with Curimining or by other sectors and industries in the region. The Curimining staff are active members of the communities, with many who are local residents with their families. It is in this co-operative spirit that the partners and Curimining continue to work hand in hand with the communities to advance the Curipamba project and development in the region.

Adventus recognizes that the global investment community is increasingly focused on environmental, social and governance criteria for potential investments (ESG). The management and board of Adventus have pro-actively begun to reference the World Gold Council's responsible gold mining principles as ESG guidelines for the company's exploration and project development activities. Adventus has evaluated its various business activities and has begun to measure ESG progress by initiating an internal report card. Together with Salazar and Curimining, Adventus aims to continually advance the understanding and applications of ESG standards to its projects, teams and local stakeholders in Ecuador.

Included in this release are highlights of some of the continuing community development initiatives at Curipamba and in Ecuador.

Partnership with ESPOL University

In June, 2019, Curimining signed an interinstitutional agreement with Escuela Superior Politecnica del Litoral (ESPOL), a public university in Guayaquil, Ecuador. The agreement aims to strengthen research and development programs in mathematics, science and particularly geology, in conjunction with the development of the modern mining sector in Ecuador. The agreement also emphasizes the advancement of tools and systems to support innovation, training, collaboration between business and civil society, technology transfer, and skills development for Ecuadorians. Through the partnership, both Curimining and ESPOL will develop academic and field projects relating to the mining sector, which promote and contribute to sustainable economic development in Ecuador. For example, the feasibility level environmental and socioeconomic baseline work under way at Curipamba is being conducted with international best-practices standards and specialized consultants. These work programs are allowing Curimining and ESPOL to commence several projects that focus on environmental management and protection for the project communities and as positive case studies for future projects in Ecuador. The partners and Curimining are also exploring additional research and skills development opportunities with other Ecuadorian and international institutions.

Entrepreneurship co-operative for agricultural products

In collaboration with a local agro-industry producer, Caplat, and a local business with food production equipment, Agrosaturno SA, Curimining continues to support the development of a co-operative of young professionals and recent graduates focused on value-added production of local agricultural products. The objectives of the co-op are to promote local agribusiness and utilize competitive advantages of existing agricultural production in the Curipamba region. The co-op currently counts 17 members who are primarily local women and young entrepreneurs. Since 2018, the co-op has been manufacturing and selling products locally, including banana chips, banana flour and sauces under the brand El Navenito. For the future, the co-op aims to work with the Nobis Foundation (Fundacion Nobis) of the multisector Nobis Group (Consorcio Nobis) to strengthen its business models and expand the production and export capacities of the co-op.

Community plants nursery and greenhouse facility

As part of the existing environmental management plan for exploration activities at Curipamba, Curimining has built and maintained a local plant-life nursery and greenhouse facility over the last decade. The purpose of the facility is to preserve and grow local native species for reforestation as well as to produce some agricultural plants for harvest and local consumption. The facility houses approximately 12,000 native plants. The continuing program also provides an educational opportunity to improve knowledge about sustainability and how members of the project communities can help protect the local ecosystems. Greenhouse facility management is led by an agricultural engineer from the National Agricultural Research Institute of Ecuador (INIAP) and employs four local community members. With the purchase of a new property in 2017, Curimining has been upgrading the facility infrastructure with the intention of expanding the program to further support sustainability, education and local economic development in the region.

Local arts and sports training

The partners and Curimining are also strong supporters of the arts, culture and sports in the project communities through a variety of youth and adult programs. For over 10 years, Curimining has held an annual elementary school art competition and a quarterly bursary program, which provides economic support to local children. Curimining is also the proud sponsor of the Grupo de Danza in Las Naves, which actively promotes and supports local culture through performance arts. Youth teams have gone on to represent project communities in dance competitions across Ecuador and in Peru. In 2017, Curimining, in partnership with local professional football club Mineros Sporting Club SA, established a youth football program, which has grown substantially to seven communities in the Curipamba region. The community program includes both a competitive program for adults and a skills development program for youth, which involves more than 200 local boys and girls. The Curimining programs provide an important opportunity particularly to underprivileged youth and women in communities where support is otherwise limited.

Nobis Foundation and future plans

In 2019, Adventus and Salazar welcomed a new strategic investor and long-term supporter of the Curipamba project in the Nobis Group, one of Ecuador's largest business conglomerates with interests across agricultural, real estate, industrial, commercial, construction and tourism sectors. The partners and Curimining are actively working with the Nobis Foundation to explore new regional economic development and educational opportunities in conjunction with the development of the Curipamba project. Other strategic shareholders of Adventus have also expressed interest in providing ancillary financing contributions to further various initiatives, particularly alongside the Nobis Foundation. Curimining staff and local community members are excited for the opportunity to work with and learn from the Nobis Foundation and build on its successful development record in other communities across Ecuador.

About Adventus Mining Corp.

Adventus is a well-financed exploration and project development company, focused in Ecuador. Its strategic shareholders include Altius Minerals Corp., Greenstone Resources LP, Resource Capital Funds, Wheaton Precious Metals Corp. and the Nobis Group of Ecuador.

About Salazar Resources Ltd.

Salazar is a mineral resource company engaged in the exploration and development of mineral deposits in Ecuador. The company has a proven Ecuadorian discovery team led by ex-head of Newmont Ecuador, Fredy Salazar, a team of 40 people including 15 geologists, three drill rigs and an unrivalled Ecuadorian grassroots network.

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