Tocvan Announces Change in Executive Team and Transition from Leadership to Development

Calgary, AB – TheNewswireJanuary 14, 2022 Tocvan Ventures Corp. (the “Company”) (CSE: TOC) (CNSX:TOC.CN) (OTC: TCVNF) (WKN:TV3/A2PE64), announces strategic changes to senior management as it proactively turns to advancing its core gold-silver assets in Sonora, Mexico. Mr. Brodie A. Sutherland, VP Exploration will replace co-founder Mr. Derek A. Wood as President, CEO and Corporate Secretary. Mr. Wood will remain a director and strategic advisor to the Company. Changes will better align with the technical and professional expertise required as projects progress through development.

“On behalf of the company, we would like to thank Derek for his hard work and dedication to Tocvan since its inception.” commented, Brodie A. Sutherland. “Derek will remain an important advisor to the board as we remain focused on advancing our two quality gold-silver assets in Sonora, Mexico.”

Website update

The Company also announces the launch of its new website at: (tocvan.com). We thank our shareholders for their patience during the updates.

AGM Update

The company has postponed its scheduled annual general meeting to a later date due to the global COVID-19 pandemic and resulting delays in obtaining court and shareholder approval of the Cascade Copper spin-off transaction. The Society will provide a further update once a final date for the meeting can be set.

About Sonora Wallet

Pillar Property

The Pilar Gold-Silver property is interpreted as a structurally controlled low sulphidation epithermal project hosted in andesitic rocks. Three zones of mineralization have been identified in the northwest portion of the property from surface work and historical drilling and are referred to as the Main Zone, North Hill and 4-Trench. The structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. More than 22,700 m of drilling has been completed to date. Significant results are highlighted below:

  • 2021 Phase II RC drilling highlights include (all lengths are drilled thicknesses):

    • 39.7 m at 0.96 g/t Au, including 1.5 m at 14. g/t Au;

    • 47.7 m @ 0.70 g/t Au including 3 m @ 5.6 g/t Au and 22 g/t Ag;

    • 29m @ 0.71g/t Au;

    • 35.1 m at 0.66 g/t Au

  • RC Drilling Phase I 2020 Highlights include (all lengths are drilled thicknesses

    • 94.6 m at 1.6 g/t Au, including 9.2 m at 10.8 g/t Au and 38 g/t Ag

    • 41.2 m at 1.1 g/t Au, including 3.1 m at 6.0 g/t Au and 12 g/t Ag;

    • 24.4 m @ 2.5 g/t Au and 73 g/t Ag, including 1.5 m @ 33.4 g/t Au and 1,090 g/t Ag

  • 17,700m of RC Historic Core drilling. Highlights include:

Soil and rock sampling results from the undrilled areas indicate that mineralization extends to the southeast from the main zone and the 4 trench zone. Recent surface exploration has defined three new target zones: the Triple Vein Zone, the SE Vein Zone and the 4-trench extension.

El Picacho property

The El Picacho Gold-Silver property is interpreted as an orogenic gold system within the Caborca ​​regional orogenic gold belt known to produce gold mines that include La Herradura and San Francisco. The project is 140 kilometers north of Hermosillo and totals 2,414 hectares. Five main zones of mineralization have been identified on the property totaling over six kilometers of prospective trends. Surface sampling has identified high grade gold and silver values. The five main focus areas are summarized below:

  • San Ramon

    • Prospective trend of 1.4 km;

    • Several historical mine workings associated with low-angle faults;

    • Highlights of historical drilling (both were non-follow-up reconnaissance holes):

      • (Drill hole PD-01) 7.6 m at 0.73 g/t Au, including 3.0 m at 1.37 g/t Au

      • (RCP-02 borehole) 10.7m @ 0.67 g/t Au, including 4.6 m @ 1.4 g/t Au

    • Rock Sampling Highlights:

      • 22 g/t Au and 22 g/t Ag

      • 16 g/t Au and 26 g/t Ag

      • 14 g/t Au and 83 g/t Ag

  • Cornea

    • Prospective trend of 2.3 km;

    • Historical mining works up to 30 meters deep along shear zones;

    • Rock Sampling Highlights:

      • 26 g/t Au and 340 g/t Ag

      • 15 g/t Au and 66 g/t Ag

      • 15 g/t Au and 29 g/t Ag

  • jabali

    • Prospective trend of 0.5 km;

    • Historic mining workings among low angle thrust faults;

    • Rock Sampling Highlights

  • El Puerto

    • Prospective trend of 1.2 km;

    • Historical mining works along vertical shear zones hosted in banded gneiss;

    • Rock Sampling Highlights

  • Tortoise

    • Prospective trend of 1.0 km;

    • Historical mining works in Jurassic metasediments surrounded by mineralized biotite gneiss;

    • Rock Chip Sampling Highlights

Brodie A. Sutherland, P.Geo., CEO of Tocvan Ventures Corp. and a Qualified Person (“QP”) as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release.

About Tocvan Ventures Corp..

Tocvan is a well-structured exploration development company. Tocvan was created to capitalize on the prolonged downturn in the junior mining exploration sector, by identifying and brokering interest in opportunities where management feels they can build on past successes. Tocvan has approximately 32 million shares outstanding and is taking advantage of two attractive opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project. Management believes that both projects represent a tremendous opportunity to create shareholder value.

Caution Regarding Forward-Looking Statements

This press release contains “forward-looking information” which may include, but is not limited to, statements regarding activities, events or developments that the Company expects or anticipates will or may occur in the to come up. Forward-looking information in this press release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates” , “forecasts”, “intends”, “anticipates” or “believes” or variations (including negative variations) of these words and phrases, or state that certain actions, events or results “may”, ” could”, “could” or “will” be taken, occur or be carried out.

These forward-looking statements, and any assumptions on which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management considers these assumptions to be reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. These factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s stage of development and the Company’s financial condition. The forward-looking statements contained herein are made as of the date of this press release, and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except if it may be required by securities laws.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

For more information please contact:

TOCVAN VENTURES CORP.

Brodie A. Sutherland, President and CEO

950-736 6 Ave SW

Calgary, AB T2P 3T7

Phone: 403-668-7855

E-mail: bsutherland@tocvan.ca

This press release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “United States Securities Act”) or any state securities law and may not be offered or sold in the United States or to US persons unless registered under United States securities law and applicable state securities laws or an exemption from such registration is available.

Margie D. Carlisle