Tocvan discovers new high-grade silver-gold zone near planned pilot mine

Disclaimer and Forward-Looking Information: Rockstone and Tocvan Ventures Corp. (“Tocvan”; “the Company”) expressly point out that all forward-looking information contained in this report does not represent a guarantee of future results or performance. Actual results may differ materially from those projected. Readers are referred to Tocvan’s public filings, available on SEDAR+ at www.sedarplus.ca, for a more detailed discussion of risk factors and their potential impact. All statements in this report, other than statements of historical fact, constitute forward-looking statements. This report includes expectations, interpretations, projections and assumptions based on information available at the time of writing, including public disclosures by the Company and statements made by its management. Forward-looking statements include, but are not limited to, statements, expectations and assumptions regarding: Tocvan’s planned advancement of the Gran Pilar Gold-Silver Project from exploration toward pilot-scale production; the implementation, sequencing, timing and successful completion of the Company’s development plans; the construction, commissioning and operation of the permitted pilot facility designed to process approximately 50,000 tonnes of mineralized material, including the heap-leach pad, containment ponds and associated processing infrastructure; ongoing site preparation, excavation, material movement, crushing, stacking, leaching and processing activities; the timing of first gold-silver doré production, currently targeted for the fourth quarter of 2026; the generation of initial revenue, operating cash flow and technical, metallurgical, operating and economic data from the pilot operation; and the potential use of such data to evaluate future project expansion or larger-scale development. Forward-looking statements also include expectations and interpretations regarding the newly identified near-surface silver-gold zone located approximately 900 m east of the planned pilot facility and about 1 km northeast of the Main Zone; the potential continuity, width, grade, geometry, strike extent, depth extent and metallurgical characteristics of that zone; the interpretation that mineralization may strengthen toward the north or continue along the associated soil geochemical anomaly; the significance of historical underground workings encountered in three of the four reported drill holes; the possible relationship between the near-surface mineralization and the deeper gold-bearing interval intersected in JES-26-152; the potential for follow-up drilling to extend, connect or define the reported mineralized intervals; and the possibility that the newly identified zone could provide additional near-surface mineralized material for the pilot facility or support later operating phases. Any such potential remains subject to additional drilling, geological modelling, sampling, metallurgical testwork, engineering studies and technical evaluation, and the Company has not disclosed that the newly identified zone will be included in the initial pilot campaign. Additional forward-looking statements include the interpretation and significance of reported drill results, soil geochemical anomalies, geophysically defined structures and historical workings; the possibility that Gran Pilar may comprise a broader epithermal gold-silver system extending beyond the Main Zone; the timing and significance of ongoing exploration activities, pending assay results and future drilling programs; the potential expansion of known mineralized zones; the Company’s ability to secure sufficient funding, retain contractors and technical personnel, obtain equipment and materials and execute its exploration and development plans; and the potential impact of gold and silver prices, operating and capital costs, exchange rates, capital-market conditions and investor sentiment on the Company’s future plans. Statements regarding mineralized continuity, resource growth, pilot-scale production, construction progress, metallurgical performance, haulage distances, development requirements, operating costs, cash flow generation, future expansion, commercial development, economic potential, scalability, financing, project value or similar matters are based on management’s current expectations, technical interpretations, publicly available information and the author’s interpretation as of the date of publication. Such statements are inherently uncertain and should not be interpreted as guarantees of additional discoveries, continuity of mineralization, successful construction or operation of the pilot facility, achievement of anticipated recoveries, inclusion of newly identified mineralized material in the pilot campaign, commencement of pilot production, commercial production, economic viability, project financing or any specific operational, financial or corporate outcome. There are currently no mineral reserves defined for the Gran Pilar Project and, unless otherwise disclosed by the Company, no completed maiden mineral resource estimate. Reported drill intervals represent downhole lengths and may not reflect true widths. Mineralization identified through drilling does not constitute a mineral resource or reserve, and there can be no assurance that further exploration will define mineral resources or that any mineralized material will ultimately be economically extracted or processed. Forward-looking statements are subject to numerous known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to: The speculative nature of mineral exploration and development; geological, structural and sampling uncertainties; the possibility that follow-up drilling may not confirm the continuity, width, grade, orientation or extent of the newly identified zone; the possibility that mineralization may be narrower, less continuous, lower grade or more structurally complex than currently interpreted; uncertainty regarding the relationship between surface anomalies, historical workings and subsurface mineralization; the possibility that historical underground workings may obstruct, complicate or limit drilling, modelling or future development; and the risk that the deeper intercept in JES-26-152 may not be connected to the near-surface zone. Further risks include the possibility that ongoing or future drilling, trenching, sampling, assaying, geological modelling or metallurgical work may not support current interpretations or expectations; risks relating to the construction, commissioning, operation and performance of the pilot facility and associated heap-leach and processing infrastructure; uncertainties regarding metallurgical recoveries, leach kinetics, reagent consumption, material characteristics, processing performance, operating costs, scalability and the ability of pilot-scale results to support future development; and the possibility that mineralized material from the newly identified zone may not be metallurgically suitable, technically accessible, permitted for processing or incorporated into the pilot operation. Additional risks include delays or cost increases relating to construction, equipment delivery, infrastructure, contractors, laboratories, permitting, environmental compliance, community relations, land access, water availability, power supply, weather, site conditions or regulatory approvals; reliance on contractors, consultants, laboratories and other third-party service providers; financing and liquidity risks; dilution from future financings; fluctuations in gold and silver prices, operating costs, exchange rates and broader economic or capital-market conditions; political, legal, regulatory, environmental, security and social risks associated with operating in Mexico; and other risks beyond the Company’s control. Any references in this report to the significance of the newly identified zone, proximity to infrastructure, potential sources of production material, support for near-term production plans, transition toward production, future expansion, commercial development, operating cash flow, project scalability, project value, investment profile, corporate milestones or similar expressions represent the opinions and interpretations of the author based on publicly available information. They should not be interpreted as confirmation of mineral resources or reserves, economic viability, commercial production, future financial performance, investment returns or the successful execution of the Company’s exploration and development plans. Forward-looking statements are inherently subject to significant risks and uncertainties and there can be no assurance that such statements will prove to be accurate. Actual results, developments and future events may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements. Neither Rockstone, the author nor Tocvan Ventures Corp. undertakes any obligation to update or revise forward-looking statements, except as required by applicable law.

Disclosure of Interests and Legal Notice: Nothing in this report should be construed as an invitation to buy or sell securities. Rockstone, its owners, and the author of this report are not registered broker-dealers or financial advisors. Before investing in securities, you should always consult your financial advisor and a registered broker-dealer. Never make an investment decision based solely on online or printed reports, including reports from Rockstone – particularly when it comes to small, thinly traded companies. The author of this report, Stephan Bogner, received compensation from Tocvan Ventures Corp. in the amount of 19,000 CAD for a period of 3 months. In addition, he holds securities of Tocvan and will therefore also benefit from increased trading volume and share price appreciation. This represents a significant conflict of interest that may affect the objectivity of this reporting. The author may buy or sell securities of Tocvan at any time without notice, which may give rise to additional conflicts of interest. This report should be understood as a promotional publication and does not replace individual investment advice. All information is current as of the date of publication and is subject to change without notice. Liability for financial losses resulting from investments made on the basis of this report is excluded. The views of Rockstone and the author regarding the companies presented in this report reflect solely their own assessments and are based on information from public sources deemed reliable. Rockstone and the author have not conducted independent due diligence. Neither Rockstone nor the author guarantees the accuracy, completeness, or usefulness of the content, nor its suitability for any particular purpose. There is likewise no guarantee that the companies mentioned will perform as expected, or that comparisons with other companies will prove valid. Please read the full disclaimer carefully. If you do not agree with it, do not use this website or report. By using the website or this report, you agree to the disclaimer, regardless of whether you have read it in full. The information provided is of a general and educational nature. Data, tables, figures, and images, unless otherwise indicated or linked, originate from Tradingview.com, Stockwatch.com, Tocvan Ventures Corp., and publicly available sources.