G Mining Ventures Secures US$175 Million Financing, Fully Funds Oko West Gold Project to Production

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has announced a monumental stride forward for its Oko West Gold Project in Guyana, securing a comprehensive US$175 million financing package. This pivotal achievement not only solidifies the project's financial foundation but also ensures its progression towards first gold pour, targeted for Q3 2024.

The robust financing package comprises two key facilities: a US$125 million Senior Secured Term Loan Facility and a US$50 million Equipment Financing Facility.

The Senior Secured Term Loan was secured through a syndicate of prestigious lenders including BNP Paribas, ING Capital LLC, Société Générale, and The Bank of Nova Scotia, underscoring the strong confidence in the Oko West Project's potential. Concurrently, the Equipment Financing Facility was finalized with Caterpillar Financial Services Corporation, a testament to G Mining Ventures' strategic partnership and commitment to utilizing top-tier equipment for efficient operations.

This substantial financing, when combined with the previously announced US$75 million streaming agreement, effectively covers the entire estimated construction capital cost of US$224 million for the Oko West Gold Project.

This complete funding eliminates future capital calls and significantly de-risks the project, providing a clear path to production and long-term value creation.

Louis-Pierre Gignac, President & CEO of G Mining Ventures, expressed immense satisfaction, stating, "This is a transformative milestone for G Mining Ventures and our shareholders.

Securing this comprehensive financing package with such reputable financial institutions is a resounding endorsement of the Oko West Project's robust economics and our team's execution capabilities. We are now fully funded and strategically positioned to deliver the Oko West Gold Project on time and on budget, moving closer to becoming a mid-tier gold producer."

Patrick M.

Obara, Vice President, Project Finance for Cat Financial, also commented on the partnership: "We are pleased to extend our support to G Mining Ventures through this equipment financing for the Oko West project. This collaboration further strengthens our long-standing relationship and our commitment to supporting the development of high-quality mining projects globally."

The Oko West Gold Project is distinguished by its high-grade mineralization, favorable geology, and a clear path to low-cost production.

With this financing secured, G Mining Ventures is well-equipped to advance construction, procurement, and development activities, maintaining its aggressive schedule towards achieving commercial production. The project is poised to become a significant contributor to Guyana's burgeoning gold sector and a cornerstone asset for G Mining Ventures, driving substantial shareholder value in the years to come.