TOCVAN CLOSES UNIT PRIVATE PLACEMENT

Calgary, Alberta – May 9, 2022 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; WKN: TV3/A2PE64), is pleased to announce that it has closed its previously announced non-brokered private placement of units (“Units”) for gross proceeds of $346,200 (the “Offering”). The Offering consisted of the issuance of an aggregate of 432,750 Units at a price of $0.80 per Unit. Each Unit consists of one common share (“Common Share”) in the capital of the Company and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $1.40, for a period of 24 months from the closing of the Offering.

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