Mr. Christopher Gordon reports

TOCVAN DRILLS SIGNIFICANT DISCOVERY ON MEZQUITE TREND GRAN PILAR 215M OF 0.6 G/T AU, FROM 36.6M DOWNHOLE

Tocvan Ventures Corp. has made a significant new near-surface gold-silver discovery at its 100-per-cent-owned Gran Pilar project in Sonora, Mexico. Hole JES-26-155 returned 215 metres of 0.6 gram per tonne gold from 36.6 metres downhole, one of the best intercepts drilled on the project to date. Along the 1.2-kilometre El Mezquite trend, this new discovery is just 1,900 metres east of the planned pilot production facility along existing road infrastructure. The intersection can be broken into an upper zone (86.9 m of 0.6 g/t Au) and a lower zone (70.2 m of 0.9 g/t Au) separated by a continuous zone of anomalous mineralization. Three high-grade intervals were encountered, with values up to 16.0 g/t Au and 57 g/t Ag over 1.5 m. Results in this release are from five reverse circulation (RC) drill holes totalling 1,244.5 metres. A total of 10,098 metres has been drilled so far this year, results for 5,521 metres are pending.

Key highlights:

• New discovery along the 1.2-kilometre-long El Mezquite trend;
• Near surface mineralized zone returned 215 m of 0.6 g/t Au from 36.6 m downhole:
  • Upper zone of 86.9 m of 0.6 g/t Au:
    • With 1.5 m of 9.3 g/t Au and 1.5 m of 16.0 g/t Au and 57 g/t Ag;
  • Lower zone of 70.2 m of 0.9 g/t Au:
    • With 6.1 m of 4.9 g/t Au and 27 g/t Ag, including 1.5 m of 10.0 g/t Au and 74 g/t Ag;
  • Reported intervals are drilled widths; true widths are unknown but estimated to be within the range of 60 to 80 per cent of drilled widths;
• 600 metres south of initial discovery along the El Mezquite trend:
  • 22.9 m of 0.6 g/t Au from surface (news release dated April 1, 2026).

"This intersection starting near surface is one of the best holes drilled on the Gran Pilar project to date," said Chris Gordon, chief executive officer of Tocvan. "The discovery of a robust new gold-silver zone along the El Mezquite trend, only 1.9 kilometres from our planned pilot facility, significantly derisks and expands the development potential of Gran Pilar. With gold prices remaining strong and a clear path toward pilot production, these results reinforce Tocvan's position as an emerging near-term producer in one of Mexico's most prospective mining jurisdictions."

Brodie A. Sutherland, executive chair, added: "Hole JES-26-155 stands out as one of the strongest intercepts we have seen on the project. The combination of near-surface mineralization, substantial widths, and high-grade shoots within a broader envelope of consistent gold-silver values highlights the scale and continuity of the El Mezquite trend. This discovery, together with our expanding drill program now past 10,000 metres, continues to demonstrate the district-scale opportunity at Gran Pilar."

Summary of JES-26-155

JES-26-155 shows a vertically extensive, strongly silicified hydrothermal breccia system with continuous pyrite and increasing zinc-lead indicators (sphalerite plus galena) at depth, associated with tourmaline and magnetic andesite dikes. The strongest mineralization vectoring occurs below approximately 170 metres and strengthens toward the bottom of the hole, making the deeper portion of the system the most compelling follow-up target.

Key mineralization trends

Strong and persistent silicification that appears to intensify downward, with logs specifically noting increased silicification below approximately 172 m and again below 233 m depth.

Continuous sulphide presence, with disseminated pyrite reported throughout the entire hole from surface to end of hole.

Repeated occurrence of tourmaline is reported from the upper part of the hole and again in association with galena and pyrite near 184 m depth.

About Tocvan Ventures Corp.

Tocvan Ventures is a dynamic exploration and near-term producer advancing high-potential gold and silver projects in the mine-friendly jurisdiction of Sonora, Mexico. At its flagship Gran Pilar gold-silver project, Tocvan holds a 100-per-cent interest in over 21 square kilometres of prospective ground, bolstered by the pivotal 2023 land acquisition that provides ample space for scalable mine infrastructure, including a planned 50,000-tonne pilot production facility. Recent exploration successes, including near surface 3.1 m at 19.4 g/t Au, underscore Gran Pilar's potential as a premier gold-silver asset. Additionally, Tocvan's 100-per-cent-owned Picacho gold-silver project, located in the prolific Caborca trend -- home to some of Mexico's largest gold deposits -- positions the company for further growth. With robust metallurgical results (up to 99-per-cent gold recovery and 97-per-cent silver recovery) and a strategic capital to bolster growth, Tocvan is poised to deliver significant shareholder value in a market buoyed by record-high gold prices. With approximately 78.7 million shares outstanding, Tocvan is committed to unlocking the full potential of its assets through innovative exploration, strategic development and investor-focused initiatives.

Brodie A. Sutherland, executive chair for Tocvan Ventures and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release.

Quality assurance/quality control

Rock and drill samples were shipped for sample preparation to ALS Ltd. in Hermosillo, Sonora, Mexico, and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram-nominal-weight fire assay with atomic absorption spectroscopy finish. Overlimits for gold (greater than 10 g/t) were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Overlimit analyses for silver (greater than 100 g/t) were reassayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the company's robust quality assurance/quality control protocol.

Soil samples were shipped for sample preparation to ALS in Hermosillo, Sonora, Mexico, and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold and multielement analysis of soils was completed by aqua regia digestion and ICP-MS finish using a 50-gram nominal weight. Overlimit gold values greater than one g/t were reassayed with a more robust aqua regia digestion and ICP-MS finish. Overlimit analyses for silver (greater than 100 g/t) were reassayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising blank samples and certified reference materials were systematically inserted into the sample stream and analyzed as part of the company's robust quality assurance/quality control protocol.

We seek Safe Harbor.