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ESG Overview

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Message from our CEO

I am proud to present the second Environmental, Social, and Governance (ESG) Report
of G Mining Ventures Corp. (“GMIN”, “G Mining” or we), which reflects our unwavering
commitment to responsible mining practices and sustainable development. This report
highlights our significant achievements over the past year and underscores our
dedication to creating long-term value for all our stakeholders.

The year 2023 marked a period of remarkable achievements for GMIN at our
Tocantinzinho Gold Project (“TZ”) located in the State of Pará, Brazil. With the TZ
project’s construction 76% completed at the end of the year, we are confidently on
track for commercial production in the second half of 2024.

Additionally, the early completion and commissioning of the 193km power line
demonstrates the execution efficiency of our team. As we consistently achieve
significant milestones, we remain persistent in our commitment to sustainable and
responsible operating practices, enhancing the well-being of local communities and
supporting their continued development. The financial commitments of the TZ Project
are US$430 million, representing 94% of the total investment, with expenses already
incurred of US$375 million, corresponding to 82% of the total forecast. These
numbers are aligned with the planning outlined in the Feasibility Study dated
February 9, 2022, filed on GMIN’s profile on Sedar+ under the title "Feasibility
Study – Technical Report NI 43-101, Tocantinzinho Gold Project".

At G Mining, our vision is to conduct operations with minimal carbon emissions,
ensuring that our operations are designed to minimize environmental impacts.
Additionally, we are committed to undertaking projects aimed at rehabilitating and
restoring areas affected by our activities, while also enhancing essential social
infrastructures, such as sport, safety, leisure and well-being. Furthermore, we
stand firm in our commitment to expanding our activities in a socially and
environmentally responsible manner.
Regarding the established goals, these include maintaining safety in all activities, promoting
supervised training, and ensuring excellent working conditions for our employees.
Furthermore, efforts were made to provide all necessary structures to create a
comfortable production environment. As a result of these efforts, we have achieved a
total of 4,141,200  work-hours to date at the TZ Project, without any incident
resulting in lost time.

In terms of governance, we prioritize strict adherence to the country's legal
framework. To achieve this, we use systems such as Borealis and Ius Natura, which
serve as legal control and stakeholder management, ensuring compliance and
responsible action. To maintain transparency, we employ various channels, including
our website, social media platforms, and face-to-face interactions, to disseminate
information to all interested parties.
At G Mining, we are firmly committed to promoting diversity and inclusion across all aspects
of our operations. Recognizing the importance of gender diversity, we actively seek
to hire women. Additionally, we strive to provide an inclusive work environment
where all individuals, regardless of gender, religion, sexual orientation, feel
valued and respected.

In 2023, we created a ESG committee at our Tocantinzinho Project, led by Senior
Management, which holds regular meetings to discuss and enhance programs aimed at
ensuring high performance in environmental, social, and governance aspects. Through
an efficient mechanism, we identify and address gaps and opportunities in our ESG
processes.
The Tocantinzinho Project, located in Itaituba, Pará, has been designed to minimize
environmental impacts at the design and engineering phase such to prioritize sustainability
and safety.

At G Mining, our commitment to sustainable excellence is inherent in every aspect of
our operations. We deeply value the contributions of our team and partners,
recognizing each step towards sustainability as a significant milestone in our
collective journey. As we progress, we continuously push boundaries, aiming to set
the standard for environmental responsibility in the mining industry. We express our
sincere gratitude for the valuable feedback and engagement in our ESG journey, and
eagerly anticipate further opportunities for proactive collaboration in building a
sustainable future for generations to come.

ESG Vision

In 2024, GMIN remains committed in its dedication to sustainability and environmental responsibility. GMIN is determined to obtain all necessary operating licenses to ensure legal and environmentally responsible operations. Furthermore, it is actively implementing the TSM Framework, aiming to achieve notable progress in this direction and establish itself as an example in the mining industry. Concurrently, significant efforts are underway to restore the local ecosystem, including the initiation of a reforestation program aimed at long-term environmental preservation.

Additionally, GMIN continues to strengthen its relationships with local communities and government entities through positive and constructive engagement.

By prioritizing open dialogue, GMIN seeks to promote sustainable development in the regions it operates, addressing the needs and concerns of local stakeholders. With a future-oriented vision and unwavering commitment to corporate responsibility, GMIN is confident to achieve new milestones on its sustainability journey, ensuring its operations contribute positively to the environment and local communities in 2024 and beyond.

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2023 ESG Report

GMIN’s complete 2023 Environmental, Social and Governance (ESG) Report is available for download below. If you would like to review our 2022 report you can click the link here.

2023 ESG Highlights

Environmental

Environmental

Environmental management software purchased and being implemented (Borealis and Ius Natura)

Construction of a dyke in the Morro do Macaco community to protect against flooding from the Tocantinzinho river

All environmental licenses for construction have been issued with no impact on the construction schedule

Procurement contract for 3 years of 100% renewable energy

Social

Social

US$ 492,000 for social initiatives in local communities

Creation of a committee to analyze social programs and investments in environmental initiatives

Training of 25 Young Apprentices in partnership with the NGO Ação Sorriso in Itaituba/PA

Partnership with SENAI to train 240 people from Itaituba/PA through a mobile classroom in civil construction, mechanics, and sewing GRI 2-

Governance

Governance

Project progress 76% of construction completion 73% of overall completion

More than 4.1 million hours worked without incidents involving lost time

193km-power line completed and ahead of schedule

Project costs committed to end of 2023 totaling US$ 430 million (approximately 94% of the total), a value in line with the Feasibility Study (US$ 458 million)

2024 ESG Commitments

Please click on the PDF logos for each of the cornerstone categories to download a detailed report.

Cornerstone
Commitments
Target 2023
Results 2023
Target 2024

Environnement

Carry out projects related to wood donation - - Maintain

-

-

Maintain

Complete 16 ha reforestation project southeast of the pit

16 ha

18 ha

36 ha

Get 100% license upgrade

100%

100%

Maintain

Implement GHG protocol

100% report writing for publication in 2024

100% of writing completed

Maintain publication in 2024

Social

Zero harm to people

0

0

Maintain

Maintenance with a minimum of 40% local labour

40%

57%

Minimum 40%

Provide employment opportunities for people with disabilities

4%

2%

Maintain 4%. Lots of action to be tried to innovate. Challenges in accurately identifying individuals with disabilities in the region

Increase the proportion of women in the workforce

Gradual increase

11%

Improvement needed. Join Women in Mining for specific action

Finalize the implementation of the Supplier Development Program

Implement 100% of actions

Implement 100% of actions

Elevate local supplier development

Human Rights Leadership Training

Adopt a formal Human Rights Policy

In progress

Improvement needed. A specialized consultancy will carry out training and due diligence in all areas of GMIN

Governance

Ius Natura software (legal control)

Deploy 100%

100% Implemented

Maintain

Achieve 30% of TSM Standards

30%

46%

70%

Achieve 30% of the International Cyanide Management Code

30%

52%

70%

Creation of a Reporting Channel and email

-

Established channels

Maintain

Create the “TZ ESG Committee” for community engagement and management of social related projects

Create

Created

Maintain with more lines of actions

ESG Framework

G Mining Ventures is committed to the highest standards of corporate governance practices and ethical conduct. G Mining Ventures has designed its practices to align with applicable regulatory requirements, and monitors developments in applicable laws and best practices to ensure its approach consistently reflects its commitment to the highest standards.

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Participation In Main External Organizations

Brazauro, a subsidiary of GMIN, actively engages with numerous entities, organizations, and associations that play a significant role in governance, particularly in the institutional and regulatory environment of the mining sector.

Our partnerships and active participations:

  • ABPM – Brazilian Association of Mineral Research and Mining Companies

  • ADIMB – Agency for the Development and Innovation of the Brazilian Mineral Sector

  • Pará State Civil Defense Coordination

  • Cyanide Code - International Cyanide Management Code

  • Brazilian Army

  • IBRAM - Brazilian Mining Institute

  • IPHAN – National Institute of Historic and Artistic Heritage

  • Military Police of the State of Pará

  • REDES/FIEPA Program - Federation of Industries of the State of Pará

  • SEBRAE - Brazilian Support Service for Micro and Small Businesses

  • SEMAS - State Secretariat for Environment and Sustainability (Pará)

  • SEMED - Municipal Department of Education

  • SENAI - National Industrial Learning Service

  • Simineral - Pará Mineral Industries Union

  • TSM - Toward Sustainable Mining