Adventus Mining Corporation announced that it has entered into an investment agreement with new investor Silvercorp Metals Inc. to issue 67,441,217 common shares at a price of CAD 0.38 per share for the gross proceeds of CAD 25,627,662.46 on April 26, 2024. The completion of the Placement has been conditionally approved by the TSXV and remains subject to final acceptance by the TSXV on behalf of company for the listing of the shares to be issued to investor. The shares to be issued to investor will be subject to a statutory four-month hold period under applicable securities laws.

Completion of the Placement and the repayment of indebtedness does not provide a guarantee that the transaction will be completed. The transaction is expected to be completed in the third quarter of 2024. The investor does not currently own any company's shares.

Following completion of the Placement, the investor will own 67,441,217 shares representing approximately 15% of the issued and outstanding company's shares. Following the completion of the transaction, the investor will own 100% of the issued and outstanding company's shares.