Results At Loma Larga - Initial Prospecting Results On New Regional Properties

TORONTO, ON - INV Metals reported results of the recent exploration program at its 100% owned Loma Larga gold project along with preliminary results of the initial field work performed at the recently acquired Las Penas and Tierras Coloradas exploration properties, located in Ecuador.

Candace MacGibbon, CEO, stated, "The results of our Loma Larga drill program confirm our belief in the exploration potential of the property, and that the deposit remains open and has significant potential to the west. Phase one of our drill program at Loma Larga commenced in April and was completed in August. The focus of the program was to follow up on silica alteration containing gold mineralization that was encountered approximately 120 m west of the current resource during our geotechnical and hydrogeological investigations of the proposed Loma Larga ramp location. Geotechnical hole LLDGT-004 returned values of 2.17 g/t gold and 52.5 g/t silver, over 19.50 m. As a result, our team designed and conducted a drill program to systematically test for the western extension of the Loma Larga ore body, stepping out up to 600 m from the western border of the current resource. The results of the drilling are encouraging with interpretations from holes LLD-383 and LLD-385 possibly indicating the presence of a feeder zone approximately 75 to 100 m from the western boundary of the resource. Hole LLD-383 returned values grading 3.22 g/t gold and 48.7 g/t silver over 51.25 m, including 20.24 g/t gold and 434.4 g/t silver, over 2.75 m, while hole LLD-385 returned values of 1.59 g/t gold and 25.5 g/t silver over 53.00 m, including 8.75 g/t gold and 211.2 g/t silver, over 2.70 m."

MacGibbon added, "The next phase of the exploration program at Loma Larga will be to analyze the information collected and to target locations for potential high grade feeder zone to the west, with the goal of adding to our current resource and to discover new deposits on the property. For over the past year, we have been reviewing public and proprietary exploration data throughout Ecuador and have identified highly prospective mineral concessions with potential for large gold and gold-copper deposits within Ecuador. This resulted in the Company being granted four highly prospective exploration projects earlier in 2017. The Company is aggressively continuing this strategy and expects to identify and acquire additional highly prospective exploration concessions within Ecuador. During our initial prospecting field work on the Las Peñas and Tierras Coloradas properties, which included mapping and rock chip sampling, the Company discovered numerous silica veins with anomalous to high-grade gold values in surface grab samples."

The Loma Larga deposit has a strike length of 1,600 m north-south by 120 m to 400 m east-west, and is up to 60 m thick. The deposit occurs within a silica alteration package interpreted to have been caused by the presence of at least two high grade feeder zones. Management believes the potential for the discovery of one or more feeder zones, which we believe to be the source of the Loma Larga mineralization, to the west of the current delineated deposit, remains high.

INV Metals completed the first phase of its 2017 exploration drill program at Loma Larga in August. The Company drilled 13 exploration holes, totalling 4,567 m, primarily testing the western extension of the deposit and following up on mineralization discovered during the geotechnical drill program in early 2017. A deeper hole testing the potential for porphyry mineralization was also completed in the north.

The Company acquired four highly prospective exploration projects in early 2017 and continues with its strategy to acquire prospective exploration concessions within Ecuador. INV Metals carried out initial prospecting field work, including mapping and rock chip sampling on the Las Penas and Tierras Coloradas properties. Management plans to perform detailed follow up exploration activities, including geophysics, with the goal of the identification of drill targets when relevant permits have been applied for and issued early next year.