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TORONTO, Oct. 13, 2020 /PRNewswire/ -Adventus Mining Corporation ("Adventus")(TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resource Limited ("Salazar")(TSXV: SRL)(collectively the "Partners") are pleased to provide an update on the restart of site activities at the Curipamba project in Republic of ecuador, including six drill rigs in support of the ongoing El Domo deposit feasibility study and regional drilling of exploration targets within the greater Curipamba minerals concessions.

Highlights:

• Three geotechnical drill rigs will focus on establishing groundwater monitoring wells for the Environs & Social Impact Assessment ("ESIA") and project permitting, and completion of geotechnical drilling for the proposed tailings impoundment area, waste matter stone pads, and process plant site;
• A v,000-metre infill drill plan with two drill rigs at the El Domo deposit which will provide additional information for the planned upgrade of mineral resource categories and the collection of additional textile for metallurgical studies;
• Using the aforementioned infill drilling equipment, a i,200-metre geomechanical drill  program volition provide boosted data to further study the stone mechanics of the proposed open pit environment;
• Outside of the El Domo deposit, i drill rig will be mobilized in the next few weeks to commence regional exploration drilling at the La Vaquera and Sesmo Sur targets;
• Continuation of drone-based LIDAR surveys for detailed topography information collection of the infrastructure locations, as discussed in the 2019 preliminary economic assessment ("PEA") filed on SEDAR; and
• An access road technology report and options analysis to ensure suitability of access routes to back up hereafter mine construction and operations.

Since March 2020, the Partners have delayed the recommencement of site activities at Curipamba due to COVID-19 public health measures set out by the Regime of Republic of ecuador and for the development of a detailed novel coronavirus health and safety protocol in anticipation of render to work scenarios. The new health and condom protocol for Curipamba leverages off the Partners' firsthand experience with ongoing drilling and exploration activities at the Pijili Projection, where two diamond drill rigs continue to operate. With work returning to Curipamba, the Partners volition go on to strictly enforce hygiene and biosecurity measures while ensuring that physical distancing safeguards are maintained by all employees, contractors, and interactions with local communities.

Curipamba – El Domo Feasibility Written report
The ongoing feasibility study led by DRA Americas Inc. is advancing the projection's mining, mineral processing, and infrastructure related engineering science designs from the 2019 PEA, and is further integrating the all-encompassing geotechnical and metallurgical examination piece of work programs that have been completed since 2019 (encounter National Instrument 43-101 Technical Report on Curipamba – El Domo, dated June 14, 2019 on SEDAR and subsequent news releases). The feasibility study is expected to be completed within the 4th quarter of 2021. With field work programs restarting subsequently an approximate six and half month shutdown due to COVID-19, the requirement deadline for Adventus to complete the Curipamba - El Domo feasibility study as part of the earn-in agreement with Salazar has been pushed to April 2022 past mutual agreement of the Partners. The Partners plan to provide a feasibility study progress update to the market during the fourth quarter of 2020.

Perforaciones Andesdrill S.A. of Quito, Ecuador, a wholly endemic subsidiary of Salazar, will exist commencing the infill drill program at the El Domo deposit within the Curipamba project within the next few weeks. 2 diamond drill rigs will be employed at El Domo to complete approximately 5,000 metres of definition drilling. In addition, 1,200 metres of geomechanical drilling is planned to supplement historical information and further study the proposed open up pit design outlined in the 2019 PEA. The definition drilling is focused on the drove of representative fabric from the mineral resource for the ongoing metallurgical testing programs and to maximize mineral resources conversion from the Indicated into the Measured category. The program is expected to be completed during the beginning quarter of 2021.

A&O Consultores Asociados CIA. LTDA. ("AOC") of Quito, Republic of ecuador, has been contracted to establish the groundwater monitoring wells for the ESIA and project permitting process for the El Domo deposit, and to complete a geotechnical engineering drilling program for the proposed tailings impoundment expanse, waste stone pads, and mill site location. AOC has restarted two geotechnical drill rigs that remained onsite through the COVID-19 shutdown menstruation and are mobilizing a third drill rig this week to accelerate the work plan. AOC has also commenced an technology study to examine five potential routes for the permanent site access road with a focus on condom, reliable access that minimizes touch on the project communities and the surround.

Curipamba Project – Regional Exploration
The Partners are also in final planning stages for commencement of regional exploration drilling at the Curipamba project, with a approaching ten,000-metre drilling program to evaluate 15 high priority targets that have been defined during the contempo target generation initiative. Of central importance is that well-nigh of these targets are new and have non seen meaning exploration or drilling historically.

Regional drilling at the La Vaquera and Sesmo Sur targets (run across June 22, 2020 news release) is expected to brainstorm over the next few weeks. Vii initial targets have been located and a total of 3,000 metres has been allocated to these prospective areas.

Qualified Person
The technical and scientific information of this news release has been reviewed and approved every bit accurate by Mr. Jason Dunning, G.Sc., P.Geo., Vice President Exploration for Adventus, a not-Independent Qualified Person, every bit divers by NI 43-101.

The technical information regarding the Curipamba – El Domo feasibility written report contained in this news release has been reviewed and canonical as authentic by Mr. Dustin Small, P.Eng., Managing director of Projects for Adventus, a Qualified Person, every bit divers past NI 43-101.

About Adventus
Adventus Mining Corporation is a unique copper-gold exploration and development company, focused primarily on Ecuador. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus is leading the exploration and engineering advancement of the Curipamba copper-gold project in Ecuador every bit function of an earn-in agreement to obtain a 75% ownership involvement. In addition, Adventus is engaged in a state-broad exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold projects to date. Adventus as well controls an exploration project portfolio in Ireland with South32 as funding partner as well as an investment portfolio of equities in several junior exploration companies. Adventus is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ADZN.

About Salazar
Salazar Resource (SRL.V) (CCG.F) is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled agreement of the geology in-country, and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resource has a wholly-endemic pipeline of copper-gold exploration projects across Republic of ecuador with a strategy to brand another commercial discovery and farm-out not-cadre assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization defended to sustainable progress through economic development.  The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% pale fully carried through to production. A feasibility written report is underway and a 2019 PEA generated a base case NPV(8%) of US$288 1000000. At two copper-gilded porphyry projects, Pijili and Santiago, the Company has a twenty% stake fully carried through to a construction conclusion.

This printing release contains "forward -looking data" inside the pregnant of applicable Canadian securities laws. Whatever statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or time to come events or functioning (often, merely non always, identified by words or phrases such equally "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forrad-looking statements.

Forward-looking data herein includes, merely is not limited to, statements that address activities, events or developments that Adventus and Salazar look or anticipate will or may occur in the future. Although Adventus and Salazar have attempted to identify of import factors that could cause actual actions, events or results to differ materially from those described in forrad-looking information, at that place may be other factors that cause actions, events or results not to be equally predictable, estimated or intended. There tin can be no assurance that such data will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not identify undue reliance on forward-looking data. Adventus and Salazar undertake to update any forward-looking information except in accord with applicable securities laws.

SOURCE Adventus Mining Corporation

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