#Brossard #Guyana #G Mining Ventures #Oko West Gold Project

G Mining Ventures Begins Early Works at Oko West Gold Project in Guyana

G Mining Ventures Corp. has officially launched the early works construction activities at its Oko West Gold Project located in Guyana. This strategic move signifies an important milestone in the overall development of the project. The commencement of the construction phasecame after the company secured a crucial Interim Environmental Permit (IEP) from the Guyana Environmental Protection Agency (EPA), paving the way for the initial site preparations.

The total capital expenditures (capex) anticipated for the Oko West project range from $200 million to $240 million for 2025. The early works primarily consist of essential site preparatory measures that are critical for future development efforts. Key infrastructure projects currently in progress include the barge landing facility on the Cuyuní River, the main access road, internal road networks, an airstrip, a permanent camp facility, water and sewage treatment plants, power generation installations, and a communications tower.

Louis-Pierre Gignac, the President and CEO of G Mining Ventures Corp., expressed enthusiasm over the commencement of construction, emphasizing the company’s commitment to delivering another world-class gold project. He stated, "With site preparation activities underway, we are applying our extensive development expertise to ensure seamless execution while upholding high safety, environmental, and social standards." This proactive approach aims to expedite decision-making associated with construction once financing is secured.

Ongoing efforts will also see G Mining Ventures advancing its permitting processes to acquire the full Environmental License necessary to continue the project. The feasibility study is anticipated for publication in the second quarter of 2025, complete with updated mineral resource and reserve estimates, which are pivotal for assessing the project’s viability.

In addition to the significant construction developments throughout the year, G Mining Ventures has outlined several key milestones, including:

• - Feasibility Study Publication (Q2-2025)
• - Project Financing secured in the second half of 2025
• - Formal Construction Decision anticipated later in 2025
• - Continued efforts in detailed engineering and ongoing exploration endeavors throughout the year.

G Mining Ventures Corp. continues to solidify its position as a promising player within the mining sector, with notable projects like Oko West positioned in mining-friendly jurisdictions. The company's overarching strategy focuses on acquiring, exploring, and developing precious metal projects to create significant value through successful mine development. Throughout 2025, attention will remain on advancements at Oko West, reinforcing G Mining's path towards becoming a leading mid-tier precious metals producer.

About G Mining Ventures Corp.

G Mining Ventures Corp. (TSX: GMIN) is dedicated to the acquisition and development of precious metal projects, enhancing its growth potential and market presence. The company is currently operational in Brazil with its Tocantinzinho Gold Mine and is set to leverage its various mining initiatives, including the Oko West and Gurupi Gold projects, to expand its footprint as a significant player in the mining industry. With financial backing and development expertise, G Mining is on track to deliver their anticipated growth objectives in the ever-evolving market landscape.

Forward-Looking Statements

While the announcement of early works construction represents strong progress for G Mining Ventures, the company cautions stakeholders regarding forward-looking statements included in this release. These statements reflect management expectations and are subject to risks and uncertainties that could cause actual results to differ materially from anticipated outcomes. Potential variations could stem from market conditions, environmental regulations, and operational challenges.

This announcement not only highlights G Mining Ventures' capability to navigate the complexities of the mining landscape but also underscores its ambition to drive growth, operational success, and meaningful contributions to the economy in Guyana and beyond.