Inventus Announces Closing of Transaction with Endurance

TORONTO, ONTARIO--(Marketwired - Nov. 30, 2016) - Inventus Mining Corp. (TSX VENTURE:IVS)("Inventus" or the "Company") today announces that it has completed the previously announced purchase of the 35.5% interest in the Pardo Joint Venture from Endurance Gold Corporation ("Endurance") in exchange for the issuance of 25,500,000 common shares of the Company and a cash payment of $75,000. As a result of this transaction, Inventus now owns 100% of the assets comprising the Pardo Joint Venture. The purchased property is subject to a pre-existing 3% net smelter return royalty, of which 1.5% can be purchased for $1.5 million at any time (the "Pardo Royalty").

As part of the transaction Endurance and Inventus have agreed:

1. To end the current arbitration process, with each party paying 50% of the arbitrator's fee and their own respective costs;

2. To release the other party from all liabilities, damages, losses or expenses arising from the Joint Venture and the Pardo Royalty;

3. That Inventus will assume all responsibility to fund the expenditures already incurred as part of the approved 2016 Pardo Joint Venture program; and

4. For as long as Endurance holds 10% or more of Inventus' issued and outstanding common shares:

1. Endurance will be entitled to appoint a representative to the Board of Directors of Inventus;

2. Endurance will vote its shares in favour of proposals recommended by management of Inventus, other than a Change of Control transaction where it may vote without restrictions;

3. Prior to selling any of its Inventus common shares Endurance will provide Inventus an opportunity to find a buyer, and subsequently if it does sell shares to another purchaser that it will be on terms no less favourable than those proposed to Inventus; and

4. Inventus shall grant Endurance the right (but not the obligation) to participate pro-rata in future financings of Inventus thus maintaining its percentage ownership.

5. Other customary representations, warranties, covenants and conditions.

Inventus will now devote all our resources to the exploration and development of the Pardo project in the swiftest and most efficient manner possible. Currently we are conducting a geostatistical study that is a critical step in determining future exploration and bulk sampling activities, and ultimately the computation of a mineral resource estimate on the property.

Subsequent to the closing of the transaction Inventus has 100,304,403 common shares outstanding (108,898,570 shares on a fully diluted basis). Endurance owns 25.4% of the issued and outstanding shares, Robert McEwen owns 18%, Eric Sprott owns 13.6%, Osisko Gold Royalties Ltd. owns 6%, and the former Chairman and CEO Wayne Whymark owns 6.4%. Inventus currently has $1.0 million in cash and no debt.

About Inventus Mining Corp.

Inventus is a mineral exploration company focused on the world class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the Pardo Paleoplacer Gold Project located 65 km northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America.

Visit http://www.inventusmining.com for more information.