CORRECTION – La Mancha Exercises Right to Subscribe for Additional Shares of G Mining Ventures

Core Viewpoint - G Mining Ventures Corp. announces that its largest shareholder, La Mancha Investments S.à r.l., will exercise its top-up right to increase ownership to 19.9%, marking the final opportunity for such an increase under the existing investor rights agreement [1][2]. Group 1: Shareholder Investment - La Mancha will acquire 9,311,745 common shares at a price of CAD45.89 per share, resulting in gross proceeds of approximately CAD427 million [2]. - The transaction is expected to close around March 11, 2026, pending customary closing conditions, including Toronto Stock Exchange approval [2]. Group 2: Company Growth and Strategy - The investment reflects La Mancha's confidence in G Mining's potential for value creation and its growth strategy, which includes a portfolio of high-quality gold assets in Latin America [3]. - The Oko West Gold Project is on-budget and on-schedule for its first gold pour in the second half of 2027, fully funded by the company's balance sheet and cash flow [3]. - Proceeds from the share issuance will be used to reduce debt related to the Oko West Project, increase exploration efforts, accelerate debt repayment, and for general corporate purposes [3]. Group 3: Related Party Transaction - The issuance of shares to La Mancha is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4].