TORONTO - Adventus Mining Corporation ('Adventus') (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ('Salazar') (TSXV: SRL) (OTCQB: SRLZF) are pleased to provide an update on exploration activities in Ecuador for the Curipamba, Pijili and Santiago projects.

The Partners are currently finalizing drilling plans for 2022.

Highlights

Curipamba - at the newly identified Agua Santa volcanogenic massive sulphide system (VMS) within the Curipamba district, CREG-011 intersected 3.35 metres of 0.76% copper, 1.39 g/t gold, 4.29% zinc, 12.5 g/t silver, and 0.17% lead - including 1.40 metres of 1.58% copper, 2.67 g/t gold, 31.20% zinc, 55.0 g/t silver, and 1.01% lead

Drilling on the Agua Santa target completed 11 drill holes totaling 2,818 metres

Pijili - the Partners are drill ready on a new porphyry target called El Pato

Santiago - target generation ahead of the initial minimum 2,500 m drill program is complete, with drilling planned for Q1 2022. The first hole is expected to twin historical Newmont drill hole FUD-001 that intersected 323.09 metres, grading 0.23% copper and 0.40 g/t gold and deepen to test the MobileMT geophysical anomaly

Curipamba Project Update

Regional drilling on the Agua Santa target started mid-June 2021 and completed on October 3, 2021 with 11 drill holes having been successfully completed totaling 2,818 metres. VMS mineralization was identified in the first drill hole of the work program (CREG-008) designed to test the edge of a Mobile MT ('MMT') airborne geophysical anomaly that coincided with both favourable geology and surface geochemistry results from prospecting in nearby creek beds.

CREG-011 was a step-out drill hole, collared from the same drilling platform as CREG-008 designed to undercut the massive sulphide mineralization on the same drill section. It intersected faulted, but fragmental looking massive sulphide mineralization from 40.35 to 43.70 metres grading, 0.76% copper, 1.39 g/t gold, 4.29% zinc, 12.5 g/t silver and 0.17% lead. The intercept had a copper-rich top from 40.35 to 40.70 metres grading, 4.76% copper, 0.51 g/t gold, 0.91% zinc, 28.0 g/t silver, and 0.03% lead, and a zinc-rich base from 41.62 to 42.30 metres grading, 0.37% copper, 5.67 g/t gold, 19.92% zinc, 39.3 g/t silver and 0.77% lead

An interesting feature of CREG-011 is a wide, low-grade, sulphidized section of the host strata in the hanging wall of the faulted massive sulphide mineralization from 29.75 to 40.35 metres grading, 0.10% copper, 0.68 g/t gold, 0.26% zinc, 2.2 g/t silver, and 0.04% lead. This low-grade intercept suggests the hydrothermal system continued to exhaust mineralized fluids after the deposition of the massive sulphide mineralization. Further review is being undertaken to assess possible vectoring using data from adjacent drill holes.

CREG-009 was a step-out drill hole, collared 82 metres to the north-northeast of CREG-008 and although it intersected similar volcanic stratigraphy to CREG-008, it appears to have pierced the favourable VMS horizon hosting the massive sulphide mineralization, CREG-009 only intersected highly sulphidized, geochemically anomalous mafic volcaniclastic rocks. The best mineralization intersected in CREG-009 is related to a fault zone from 170.18 to 171.26 metres, grading 1.16% copper, 0.05 g/t gold, 0.01% zinc, and 1.14 g/t silver.

CREG-010 was a step-out drill hole, collared 47 metres to the southwest of CREG-008 and although it intersected similar volcanic stratigraphy to CREG-008 and CREG-009, like CREG-009, it appears to have pierced the favourable VMS horizon hosting the massive sulphide mineralization but only intersected wide, highly sulphidized, geochemically anomalous section of mafic volcaniclastic rocks. Mineralization was intersected from 41.00 to 52.04 metres, grading 0.09% copper, 0.20 g/t gold, 0.25% zinc, and 1.7 g/t silver. A narrow section of higher-grade material occurs from 44.50 to 45.12 metres, grading 0.88% copper, 1.32 g/t gold, 2.26% zinc, 14.8 g/t silver and 0.01% lead.

The Partners continue to wait for analytical results to be completed and released from the laboratory for regional drill holes CREG-012 to CREG-018. It is understood that BV laboratory is experiencing a significant increase in through volume that is resulting in longer than expected delays for its clients to receive geochemical results. These delays are unfortunately hampering assessment and the interpretation of exploration programs including the relationship of any drill hole results to two prospecting showings of bedrock, fault-controlled VMS mineralization at Agua Santa. The laboratory delays are creating a major challenge for consistent exploration news flow. Once data from drilling and surficial geochemical sampling has been returned from the laboratory and passed the Partners' internal QAQC protocols, the results will be disclosed.

Regional drill holes at El Panecillo, east of El Domo (CREG-003, CREG-005, and CREG-006), and at Selva Alegre (CREG-007) did not yield any significant results, although they intersected known strata in the volcanic edifice known to host the El Domo VMS deposit. Further assessment of the geochemistry is ongoing to determine if there are possible exploration vectors present that can be used for follow-up exploration work.

About Adventus

Adventus Mining Corporation is an Ecuador focused copper-gold exploration and development company. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus is advancing the Curipamba copper-gold project through a feasibility study, while continuing to explore the broader 215 square kilometre district. In addition, Adventus is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date. Adventus also controls an exploration project portfolio in Ireland with South32 Limited as funding partner. Adventus is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ADZN and trades on the OTCQX under the symbol ADVZF.

About Salazar

Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding 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 Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core 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 dedicated 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% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

This press release contains 'forward -looking information' within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as '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 forward-looking statements.

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

Contact:

Tel: +1 416 306 8201

Email: info@adventusmining.com

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