All amounts are in USD unless stated otherwise

BROSSARD, QC, March 28, 2025 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation" or "we") (TSX: GMIN) (OTCQX: GMINF) is pleased to report its production and financial results1 for the fourth quarter and full year ended December 31, 2024.

Fourth Quarter 2024 Highlights First Full Quarter of Commercial Production

Production: 40,147 ounces ("oz") of gold ("Au") in Doré

Gold sold totaled 39,938 oz Operating Costs: All-in sustaining costs2 ("AISC") of $862 per oz Au sold Net Income: $47.6 million, or $0.21 per share – basic Adjusted Net Income2:$58.0 million or $0.26 per share – basic Adjusted EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization)2: $77.9 million Cash Flow from Operating Activities: $73.2 million before the net change in non-cash working capital items Free Cash Flow2: $53.0 million, or $0.24 per share – basic Cash and Cash Equivalents: $141.2 million

"2024 marked a transformational year for GMIN as we executed all phases of our 'Buy. Build. Operate.' Strategy," commented Louis-Pierre Gignac, President & Chief Executive Officer. "With just four months of commercial production, TZ is already generating significant free cash flow, giving us the financial flexibility to fund our next phase of growth. The acquisition of Oko West, recognized as one of the top undeveloped gold projects globally, positions us to surpass 500,000 ounces of annual production. Combined with the high-potential Gurupi project acquired from BHP, GMIN is firmly established as a low-cost, high-growth gold producer with a clear path to long-term value creation."

Louis-Pierre Gignac continued, "With a full year of production coming out of TZ in 2025, we expect strong cash flow to support disciplined investment in Oko West and strategic exploration across our portfolio. Key milestones—Oko West's Feasibility Study, permitting, and funding—are on track to unlock our next phase of growth. GMIN remains focused on low-cost production, project execution, and advancing our multi-asset platform."

_________________________________ 1 Additional details are available in the Corporation's Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A"), filed on SEDAR+ at www.sedarplus.com under the Corporation's profile. 2 These measures are non-IFRS financial measures. Refer to section "Non-IFRS Financial Performance Measures" in the associated MD&A for further information and a detailed reconciliation to comparable IFRS measures.

Operational Results1,3:

Q4 2024  FY 2024  In thousands of $, except as otherwise noted  Mining Activities  Ore Tonnes Mined kt 2,164 6,406 Waste Tonnes Mined kt 2,105 7,887 Total Tonnes Mined kt 4,269 14,293 Strip Ratio Waste/ore 0.97 1.23 Processing Activities  Total Tonnes Processed kt 968 1,713 Average Plant Throughput tpd 10,523 8,697 Average Gold Recovery % 89.2 % 87.2 % Average Gold Processed g/t Au 1.45 1.32 Gold Produced oz 40,147 63,566 Gold Sold oz 39,938 57,082 Per Ounce Metrics  Average Realized Gold Price2,4 $/oz 2,560 2,545 Average Gold Price Received2,4 $/oz 2,380 2,385 Total Cash Costs2 $/oz 577 668 Site-Level AISC2 $/oz 765 857 AISC2 $/oz 862 972

Financial Results:

Q4 2024  FY 2024  In thousands of $, except as otherwise noted  Revenue $ 102,254 145,251 Cost of Goods Sold $ (39,470) (57,820) Income from Mining Operations $ 62,784 87,431 Net Income (Loss)  $ 47,597 62,005 Per Share – Basic $/share 0.21 0.38 Adjusted Net Income (Loss)2 $ 57,976 71,084 Per share – Basic $/share 0.26 0.44 EBITDA2 $ 77,932 93,993 Adjusted EBITDA2 $ 77,910 99,645 Cash Flow from Operating Activities

before the Net Change in Working Capital Items  $ 73,181 91,313 Cash Flow from Operating Activities  $ 43,401 28,492 Free Cash Flows2 $ 52,986 34,949 Per share – Basic $/share 0.24 0.22  Financial Position FY 2024  FY 2023  In thousands of $, except as otherwise noted  Cash and Cash Equivalents $ 141,215 52,398

__________________________________ 3 Full-year 2024 production numbers are based on the third and fourth quarters of 2024, including the two months of commissioning (July and August) and four months of commercial production (through December). 4 The Average Gold Price Received excludes the non-cash portion of the Average Realized Gold Price.

Liquidity and Capital Resources

The Corporation ended 2024 with a cash and cash equivalents balance of $141.2 million.

Story Continues

The $36.6 million increase quarter over quarter is attributed to the following:

Free Cash Flow generated in Q4 totals $53.0 million Investments in Long Term Inventories total $17.0 million and $18.8 million in Non-Sustaining Capital Net financing inflows total $13.3 million, driven largely by $15.5 million of warrant proceeds Positive foreign exchange adjustment $6.1 millionFigure 1: Cash Position Bridge for 3 months ended December 31, 2024 (CNW Group/G Mining Ventures Corp)

Free Cash Flow generated by TZ will be the primary source of capital to fund future disciplined growth at GMIN's development projects and is defined by the Corporation as:

Cash Flow from Operating Activities; adjusted for  Investments in Long Term Inventories, which represents ore mined and stockpiled that will not be processed in the following 12-month period5; less Changes in Non-Cash Working Capital: less Sustaining Capital Expenditures, inclusive of Capitalized Stripping

__________________________________ 5 Exclusion adjustment is done due to its long-term nature (expected towards the end of mine life).

Tocantinzinho Mine Highlights

After two months of successful commissioning, GMIN declared commercial production at TZ on September 1st, 2024, delivered on schedule and within budget. Q4 marked TZ's first full quarter of commercial production, contributing 40,147 ounces to an annual production total of 63,566 ounces.

Mining operations performed ahead of expectations, with a total of 14.3 Mt mined in 2024, including 6.4 Mt of ore, resulting in a low annual strip ratio of 1.23x. Plant throughput in Q4 averaged 10,523 t/d (82% of nameplate capacity) despite unplanned downtime related to SAG mill liner replacements. Recoveries remained strong at over 89.2%, in line with Feasibility Study estimates, supporting the processing of higher-grade ore averaging 1.45 g/t Au in Q4. A full metallic liner system, scheduled for installation in early Q2 2025, is expected to improve plant availability and allow the process plant to reach nameplate capacity.

In its first full quarter of commercial production in Q4, cash costs at TZ were $577/oz and AISC was $862/oz. For the full year, cash costs were $668/oz and AISC was $972/oz.

Annual owner-operated mining costs averaged $2.31/t mined ($2.85/t in Q4), while processing costs were $10.02/t milled ($10.14/t in Q4). General and administrative ("G&A") expenses averaged $7.29/t milled for the year, and lowered to $6.62/t in Q4. As the operation continues to ramp up toward nameplate capacity, unit G&A costs are expected to decline due to the fixed nature of a significant portion of these expenses.

Q4 2024  FY 2024  In thousands of $, except as otherwise noted  Operating Expenses $ 19,327 33,698 Royalties $ 3,732 4,439 Total Cash Costs  $ 23,059 38,137 Plus: Sustaining Capital and ARO (8) $ 7,517 10,768 Site Level AISC $ 30,576 48,905 Plus: General and Administrative Costs  $ 3,865 6,561 Total AISC2 $ 34,441 55,466  Total Cash Costs $/oz sold 577 668 Site Level AISC $/oz sold  765 857 Total AISC2  $/oz sold 862 972 Mining Costs $/t mined 2.85 2.31 Processing Costs $/t milled 10.14 10.02 G&A Costs $/t milled 6.62 7.29

TZ is a major employer of local workforce, with 67% of the ~1,000 employees and contractors coming from local communities, and 97% Brazilians.

Oko West Project Highlights

In July 2024, GMIN completed the business combination with Reunion Gold to acquire the high-quality Oko West gold project located in Guyana. In September 2024, GMIN reported results from a positive Preliminary Economic Assessment ("PEA") on Oko West, demonstrating after-tax Net Present Value (5%) of $1.4 billion, Internal Rate of Return of 21% and a payback period of 3.8 years using a $1,950/oz base case gold price. The average annual gold production is estimated to be 353,000 ounces at an AISC of $986/oz over a 12.7-year mine life. The initial capital cost is estimated to be $936 million, with sustaining capital costs of $537 million over the life of mine (see news release dated September 9, 2024).

During 2024, a 49,000m definition drilling program was completed at Oko West in support of the upcoming Feasibility Study ("FS"). Additionally, a new regional exploration drilling program began at Oko West to investigate structures identified through geophysics and geochemical soil anomalies.

The Environmental Impact Assessment and Environmental Impact Statement submissions (jointly, "ESIA") for Oko West were made to the Guyana Environmental Protection Agency ("EPA") in November 2024.

After receiving an Interim Environmental Permit on Oko West from EPA in January 2025, GMIN announced the commencement of early works construction in March 2025. Site preparation activities are in progress for the barge landing on the Cuyuní River and the permanent camp area, which are key initial infrastructures to support future development.

Gurupi Project Highlights

GMIN closed the acquisition of tenements in the Gurupi Gold Belt from a wholly owned subsidiaries of BHP in December 2024. In February 2025, GMIN announced an updated National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate, totaling 1.83 Moz of indicated resources grading 1.31 g/t Au and 0.77 Moz of inferred resources grading 1.29 g/t Au (see news release dated February 20, 2025).

2025 Outlook

GMIN released 2025 guidance on January 21, 2025, including production, total cash costs, AISC, as well as sustaining and non-sustaining capital expenditures. The following table summarizes 2025 guidance:

Operational & Cost Guidance  2025 TZ Mine  Gold Production k oz 175 to 200 Total Cash Costs $/oz Au sold $590 to $655 AISC2 $/oz Au sold $995 to $1,125 Sustaining Capital Expenditures  Sustaining M$ $35 to $45 Near-mine exploration M$ $2 Capitalized Waste Stripping M$ $23 Total Sustaining M$ $60 to $70  Non-Sustaining Capital Expenditures  TZ Regional Exploration M$ $9 Oko West Exploration M$ $8 Oko West Project M$ $200 to $240 Gurupi  M$ $2 to $4 Total Non-Sustaining  M$ $219 to $261

Note: Guidance assumes a realized gold price of $2,350 and BRL/USD of 5.25

2025 Catalysts

Over 2025, the Corporation will focus on the following activities:

Oko West FS publication (April 2025) Oko West financing (H2-2025) Construction decision on Oko West (H2-2025) Continuation of detailed engineering at Oko West (2025) Greenfield and brownfield exploration (2025)

Fourth Quarter and Full Year 2024 Results Conference Call and Webcast

A conference call to discuss details of GMIN's fourth quarter and full year 2024 results will be held by executive management on Friday, March 28, 2025, at 9:00 AM (E.S.T.). Participants may join the conference call using the following call-in details:

Participant Toll-Free Dial-In Number: 1-800-715-9871 Participant International Dial-In Number: 1-646-307-1963 Conference ID: 9990034

A live webcast of the conference call will be available at https://edge.media-server.com/mmc/p/txa37kh5

A replay of this conference call – via phone and webcast – will be available until April 28, 2025. Replay details will be provided on the GMIN website after the call at: https://gmin.gold/investors/presentations-and-events/.

Qualified Person

Louis-Pierre Gignac, President & Chief Executive Officer of GMIN, a QP as defined in NI 43-101, has reviewed the press release on behalf of the Corporation and has approved the technical disclosure contained in this press release.

About G Mining Ventures Corp.

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant exploration upside and located in mining-friendly jurisdictions.

Additional Information

For further information on GMIN, please visit the website at www.gmin.gold

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the free cash flow generated by TZ to be the primary source of capital funding GMIN's development projects and future growth; (ii) the installation of a full metallic liner system at the TZ plant to improve its availability and allow it to reach nameplate capacity and meet targets; (iii) the G&A costs at TZ being expected to decline; (iv) the expectations pertaining to the Oko West Project's annual gold production and AISC for the life-of-mine, as well as the expected initial capital cost and sustaining capital costs over the life of mine; (v) the Oko West feasibility study to be completed in April 2025, or at all; (vi) the progress of site preparation leading to installation of key infrastructure supporting future developments at Oko West; (vii) the full table setting forth the Corporation's guidance; (viii) the Oko West gold production profile for 2025, with 56% of output to be realized in the second half of the year; (ix) the TZ cash costs and AISC profile as well as the sustaining cost for 2025; * GMIN's plans to update Gurupi tenements' existing resource to NI 43-101 standards; (xi) GMIN's priorities to ramp up the TZ plant to nameplate capacity and to advance Oko West through the feasibility study; (xii) the quoted comments and expectations of GMIN's President & Chief Executive Officer; and (xiii) more generally, the section entitled "About G Mining Ventures Corp.".

Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the price of gold and currency exchange rates, those outlined in the feasibility and other technical studies (e.g., the PEA) relating to the TZ mine and GMIN's other projects, and those underlying the items listed on the above sections entitled "Corporate Update and Outlook" and "About G Mining Ventures Corp.".

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN's positive safety record will continue over time, (ii) any of GMIN's exploration targets at TZ, Oko West and Gurupi will lead to additional resources and eventually to gold production, (iii) the TZ plant will reach nameplate capacity, (iv) the feasibility study for Oko West, anticipated for April 2025, will be positive, (v) a construction decision will be made in respect of Oko West in 2025, or at all, (vi) Oko West will be brought into commercial production, (vii) exploration in the Tapajos region (TZ) will generate positive results (notably from its 23 targets), (viii) GMIN will finalize and submit the Oko feasibility study in a timely manner, or at all, (ix) GMIN will receive the full environmental license for Oko West by the end of Q2 2025, or at all, * GMIN will receive the mining license for Oko West in Q3 2025, or at all, (xi) GMIN will be able to restart exploration activities, expand mineral resources and strengthen stakeholder relationships at Gurupi in 2025, or at all, or (xii) GMIN's ESG initiatives and objectives (notably its environmental and community programs) will be achieved, (xiii) GMIN will comply with international standards such as TSM, GISTM and the Cyanide Code, or (xiv) GMIN will use TZ and Oko West to grow into the next intermediate producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the (i) Annual Information Form of G Mining TZ Corp. (then known as G Mining Ventures Corp.) dated March 27, 2024, for the financial year ended December 31, 2023, (ii) Annual Information Form of Reunion Gold dated April 25, 2024, for the financial year ended December 31, 2023, and (iii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Consolidated Statements of Financial Position
(Tabular amounts expressed in Thousands of United States Dollars)

December 31, 2024  December 31, 2023 Assets $  $ Current  Cash and Cash Equivalents 141,215  52,398 Receivables and Other Current Assets 5,155  1,788 Inventories 37,588  7,967 Prepaid Expenses and Deposits 2,640  1,270 186,598  63,423 Non-current  Deferred Financing Fees 743  3,359 Inventories 21,183  - Long Term Deposits on Equipment 876  10,402 Property, Plant & Equipment and Mineral Property 498,105  503,663 Intangible Assets 31,146  - Exploration and Evaluation Assets 702,336  4,537 Investment in Associate 3,546  - Other Non-current Assets 28,976  - 1,473,509  587,705  Liabilities  Current  Accounts Payable and Accrued Liabilities 25,065  27,030 Deferred Consideration Payable 60,000  - Current Portion of Contract Liability 36,197  14,549 Current Portion of Lease Liability  104  74 Current Portion of Long-term Debt  24,572  7,515 Derivative Warrant Liability -  4,235 145,938  53,403 Non-current  Long-term Contract Liability 220,426  240,783 Long-term Debt  89,182  24,828 Long-term Liability -  1,298 Long-term Lease Liability  902  241 Deferred Tax Liability 3,407  - Rehabilitation Provision  2,976  4,113 316,893  271,263 Shareholders' Equity  Share Capital 1,082,691  247,870 Share-based Payments Reserve 19,433  4,143 Accumulated Other Comprehensive Income (Loss) (140,275)  24,083 Retained Earnings (Deficit) 48,829  (13,057) 1,010,678  263,039 1,473,509  587,705

Refers to Q4 2024 Financial Statements for accompanying notes

Consolidated Statements of Income (Loss) 
(Tabular amounts expressed in Thousands of United States Dollars, except for number of shares)

Years Ended December 31,  2024  2023  $  $ Revenue  145,251  -  Cost of Goods Sold  (57,820)  - Income From Mining Operations  87,431  -  Other Expenses  General & Administration Expenses  11,346  7,554 Finance Expense  8,379  - Change in Fair Value of Financial Instruments  6,026  2,387 Other Income  (3,752)  (2,761) 21,999  7,180 Income (Loss) Before Income Tax  65,432  (7,180) Deferred Income Tax Expense  (3,427)  -  Net Income (Loss) for the Year  62,005  (7,180) Net Income (Loss) per Share  Basic  0.38  (0.06) Diluted  0.37  (0.06) Weighted Average Number of Common Share  Basic  162,476,725  111,888,901 Diluted  165,527,040  111,888,901

Refers to Q4 2024 Financial Statements for accompanying notes

Consolidated Statements of Cash Flows
(Tabular amounts expressed in Thousands of United States Dollars)

Years Ended December 31, 2024 2023 Operating Activities    $ $ Net Income (Loss) for the Year   62,005  (7,180) Items Not Involving Cash  Depreciation   20,182  90 Share-based Compensation   1,665  1,714 Unrealized Foreign Exchange Loss (Gain)   (374)  140 Deferred Income Tax Expense   3,427  - Standby Fees   26  937 Gain on Ownership Dilution   (1,462)  - Share of Loss of Investment in Associate   161  - Cumulative Catch-up Adjustment on Gold Streaming Agreement   436  - Depletion of Gold Streaming Agreement Deposit    (9,524)  - Finance Expense   8,219  - Change in Fair Value of Financial Instruments   6,033  2,403 Accretion Expense of Rehabilitation Provision   519  260 91,313  (1,636) Proceeds from the Gold Streaming Agreement   -  250,000 Change in Non-Cash Working Capital  Receivables and Other Current Assets   (1,966)  (406) Inventories   (57,874)  (7,179) Prepaid Expenses and Deposits   (1,519)  (837) Accounts Payable and Accrued Liabilities   (1,864)  (923) Lease liability   402  - Cash Provided by Operating Activities    28,492  239,019 Investing Activities  Acquisition of Reunion Gold, net of Cash Acquired    21,067  - Acquisition of Gurupi, net of Cash Acquired    366  - Other Non-Current Assets    (1,298)  - Additions of PP&E and Mineral Property, net of Long-term Deposit    (110,561)  (300,515) Proceeds on Disposal of PP&E and Mineral Property    -  14 Exploration and Evaluation Expenditures    (29,400)  (4,148) Cash Used in Investing Activities    (119,826)  (304,649) Financing Activities  Shares Issued for Cash   50,000  - Share Issue Cost   (249)  - Replacement Options Exercised   2,435  - Repayment of Lease Liability   (77)  (32) Repayment of Long-term Debt   (12,464)  (3,920) Deferred Financing Fees   163  (210) Net Proceeds from the Drawdowns of Long-term Debt   84,111  35,191 Proceeds From the Exercise of Warrants   66,311  20 Proceeds From the Exercise of Options   78  - Cash Provided by Financing Activities    190,308  31,049 Effect on Foreign Exchange Rate Differences on Cash and Cash Equivalents   (10,157)  5,087 Increase (Decrease) in Cash and Cash Equivalents    88,817  (29,494) Cash and Cash Equivalents,Beginning of the Year   52,398  81,892 Cash and Cash Equivalents, End of the Year    141,215  52,398

Refers to Q4 2024 Financial Statements for accompanying notesG Mining Ventures logo (CNW Group/G Mining Ventures Corp)Cision

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