TOCVAN ANNOUNCES CLOSING OF BOUGHT DEAL FINANCING FOR $10 MILLION

Tocvan Ventures Corp. successfully closed a $10,005,000 bought deal private placement through sole underwriter Stifel Canada, representing a significant capital injection for the Calgary-based gold exploration company. The offering consisted of 10,005,000 units priced at $1.00 each, with each unit comprising one common share and one warrant exercisable at $1.40 for 36 months. The underwriter's over-allotment option was fully exercised, indicating strong investor demand.

The timing of this financing is strategically advantageous given the current record-high gold price environment. Tocvan will deploy the net proceeds to advance its flagship Gran Pilar Gold-Silver Project in Sonora, Mexico, where the company holds a 100% interest in over 21 square kilometers of prospective ground. Recent exploration success at Gran Pilar, including high-grade intersections of 3.1 meters at 19.4 g/t gold, validates the project's potential as a premier asset.

The successful completion of this financing strengthens Tocvan's balance sheet and provides the capital necessary to advance its planned 50,000-tonne pilot production facility at Gran Pilar. With robust metallurgical results showing up to 99% gold and 97% silver recovery, the company is well-positioned to transition from explorer to near-term producer. The company also maintains exposure to the prolific Caborca Trend through its 100% owned Picacho Gold-Silver Project, providing additional upside potential.

This financing positions Tocvan to capitalize on favorable gold market conditions while advancing its Mexican portfolio toward production. With approximately 78 million shares outstanding post-financing, the company maintains a relatively tight share structure while securing the capital needed to unlock shareholder value through systematic development of its high-potential gold-silver assets.