Tocvan Drills Biggest Intersect Outside of Main Zone to Date Returns 56.4 meters of 1.0 g/t Gold Near Surface, Including 9.2 meters of 5.3 g/t Gold

Highlights:

First Results for 2024 Drill Program Return Best Ever Intersect from 4-T Trend, 400 meters East of Main Zone

Drilling Intersects 56.4 meters of 1.0 g/t Au, 18.3 meters from Surface in Drillhole JES-24-77

Including 9.2 meters of 5.3 g/t Au, 27.5 meters from surface

Top 5 Drill Result from Tocvan Programs to Date

• JES-20-32, 94.6m of 1.6 g/t Au and 9 g/t Ag (RC)
• JES-22-59, 116.9m of 1.2 g/t Au and 7 g/t Ag (Core)
• JES-22-62, 108.6m of 0.8 g/t Au and 3 g/t Ag (Core)
• JES-20-36, 24.2m of 2.5 g/t Au and 73 g/t Ag (RC)
• NEW - JES-24-77, 56.4m of 1.0 g/t Au and 1 g/t Ag (RC)

Opens Up Resource Potential Along Eastern Corridor

Additional Results Pending

CALGARY, AB / ACCESSWIRE / May 14, 2024 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to announce first drill results from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project in mine-friendly Sonora, Mexico. A total of 1,825.4 meters has been drilled to date in 15 drillholes.

Results today are highlighted by drillhole JES-24-77 which returned 56.4 meters of 1.0 g/t Au from 18.3 meters vertical depth, including 9.2 meters of 5.3 g/t Au. The entire length of the hole returned anomalous gold values averaging 76.3 meters of 0.8 g/t Au. A high-grade center to the mineralized zone returned 5.3 g/t Au and 3 g/t Ag over 9.2 meters, including 1.5 meters of 26.7 g/t Au. Like the Main Zone, the 4-T trend is exposed at surface along a rounded ridge top, allowing the potential for a low strip ratio during early development. The hole tested near-surface mineralization and was stopped at 76.3 meters, mineralization at 4-T remains open at depth.

Results for eleven drill holes are currently pending analysis, including holes further northwest, along the 4-T trend.

"We are extremely excited with the results today highlighting the additional resource potential that exists along the several parallel trends to the Main Zone which we believe can be tied together into a sizable area." commented Brodie Sutherland, CEO. "Today's results are the best from the 4-T Trend to date and rank as a top five drill intersect in Tocvan's history of drilling at Pilar. Gold mineralization intersected in hole JES-24-77 is close to surface, projecting to workings exposed along a low rolling ridgeline much like the Main Zone. This allows for low-strip ratio potential in future mine development, reducing costs for extraction. We are confident the 4-T Trend will continue to develop into another key resource area for Pilar, being just 400 meters from the heart of our Main Zone. Part of our bulk sample was extracted from 4-T adding to that confidence of resource viability. More results from the trend are pending. As for our exploration drill targets, it is still early in testing these areas and the data available suggests more work is needed to fully evaluate and target mineralization. Surface mapping and geochemistry strongly suggests the known trends extend to the southeast and northwest, while new trends have yet to be tested. Recent sampling across the expansion area supports this thesis, indicating much more is to be uncovered."