INV Metals provided an update on the 100% owned Loma Larga gold-copper-silver property ("Loma Larga" or "Project"), located in Ecuador. The Company has completed the Environmental Impact Study ("EIS") for the Loma Larga gold- copper-silver project and is currently working with the Ministry of Environment and Water to submit the EIS for review and comment. As stated previously, the EIS is the culmination of a collaboration of work by the Company, various consultants and local universities based on many years of baseline data collection and study. The Company is focused on the permitting and financing of the Project with the goal to commence the development of Loma Larga in 2021, and is advancing discussions with finance providers, including debt and stream providers. A comprehensive communication program within the local and Cuenca region has commenced and will be executed over the next few months, reconfirming commitment to honest and transparent communication. On August 28, 2020, the Ecuadorian Constitutional Court (the "Constitutional Court") denied the request to hold a referendum related to mining activities within the canton of Cuenca, which was presented for consideration to the Court on August 3, 2020. This was the third such request by the Prefect of Azuay in his personal capacity which the company believes was politically motivated in advance of the 2021 Presidential Elections. The Constitutional Court denied the request stating the standards and criteria previously established by the Constitutional Court to hold a referendum regarding mining activities were not met.