Tocvan Ventures Corp. announced drill results for the first three drill holes completed at its El Picacho Gold-Silver project in Sonora, Mexico. Ten drill holes totalling 1,075.1-meters were completed at the San Ramon Prospect testing for low-grade mineralization adjacent to historic underground workings that have returned high-grade gold with silver.

Results for the first three drill holes are provided in this release. These holes focused on the northern-most area of historic workings called Las Guijas. All three drill holes intersected oxidized quartz vein zones with alteration indicating the potential for gold and silver mineralization.

Hole SRA-22-003 yielded the best result to date, returning 27.5-meters of 0.5 g/t Au, including 12.2- meters of 1.1 g/t Au starting at a downhole depth of 21.4-meters (approx. 10-meters from surface). The Company is extremely pleased in having intersected significant oxide gold mineralization so soon in its efforts to understand the potential for a significant mineralized system at El Picacho.

Results for the remaining seven drillholes are pending. The remaining drill holes tested two separate areas both 200-meters to the south and southeast of Las Guijas. Analysis and interpretation of this data will be used to plan follow-up drilling.

El Picacho is host to several other target areas permitted for drilling that span across the 24 km project area. Discussion SRA-22-001 ­ Azimuth 080, Dip -45o, Total Depth 198.3m This hole targeted the northern flank of the Las Guijas underground workings. Although no significant mineralization was intersected, an anomalous zone from surface to 9.2-meters depth was encountered followed by an oxidized quartz vein zone from 36.6-meters to 45.8-meters.

This vein zone returned anomalous Au, Ag, As, Sb and W, averaging 0.1 g/t Au, 3 g/t Ag, 339 ppm As, 134 ppm Sb and 60 ppm W. A large fault zone was encountered at 64.1-meters to 77.8-meters followed by an oxidized vein zone to 102.2-meters. Altered and oxidized metasediments were found in the footwall of the fault zone transitioning to less oxidized quartzites and metasandstones to the end of the hole. SRA-22-002 ­ Azimuth 110, Dip -45o, Total Depth 41.23m This hole targeted the down dip projection of mineralization seen at the Las Guijas underground workings.

Anomalous gold was intersected from surface to 7.6-meters depth with values up to 0.5 g/t Au over 1.5-meters. A quartz vein zone was intersected starting at 33.6-meters with coinciding elevated Au and pathfinder elements (As, Ab and W), at 36.6- meters a large void was encountered thought to be an unknown extension of the underground workings. The hole was stopped at 41.2-meters at the other side of the void to avoid complications with RC drilling.

SRA-22-003 ­ Azimuth 110, Dip -55o, Total Depth 149.5m This hole was placed as a step back to SRA-22-002 to avoid hitting underground workings and test the down-dip projection of mineralization, thought to be shallowly dipping in a western direction from the exposed workings. A zone of anomalous gold was intersected from surface to 13.7-meters depth. At 21.4-meters anomalous values of gold were again encountered transitioning into a quartz vein zone from 35.1-meters to 50.3-meters depth.

The quartz vein zone returned the highest gold values averaging 12.2-meters of 1.1 g/t Au from 35.1-meters depth, including 1.5-meters of 4.7 g/t Au. Through the vein zone anomalous pathfinder elements were recorded averaging 1 g/t Ag, 315 ppm As, 79 ppm Sb and 50 ppm W. Below the vein zone altered diorite continued until 76.3-meters where a fault zone was followed by altered metasediments until the end of hole. Elevated zones of Au, Ag, As, and Sb suggest the metasedimentary units have the potential to host mineralization.