Mr. Jamie Beck reports

FILO ANNOUNCES 2023 ANNUAL GENERAL AND SPECIAL MEETING RESULTS AND THE CHANGE OF ITS NAME TO FILO CORP.

Filo Mining Corp. has released the detailed voting results from the annual general and special meeting held on June 23, 2023.

A total of 69,837,347 common shares of the 123,759,195 common shares outstanding at the record date were voted at the meeting, representing 56.43 per cent of the issued and outstanding common shares of the company at the record date.

Election of directors

The number of directors elected at the meeting is nine, and each of the nominees set forth in the company's management information circular dated May 10, 2023, was elected as a director of the company to hold office until the next annual meeting of shareholders or until their successors are elected or appointed.

Nominee              % votes for  % votes against

Adam I. Lundin             94.27             5.73           
James Beck                 96.93             3.07           
Wojtek A. Wodzicki         93.53             6.47           
Erin Johnson               99.18             0.82           
Carmel Daniele             99.66             0.34           
William A. W. Lundin       95.00             5.00           
Ron Hochstein              93.62             6.38           
Joyce Ngo                    100             0.00           
Peter O'Callaghan          99.99             0.01

At the meeting the shareholders also approved the reappointment of PricewaterhouseCoopers LLP as the auditor of the company and authorized the directors to fix the remuneration to be paid to the auditor, 99.61 per cent for and 0.09 per cent withheld.

The shareholders also approved the change of the company's name to Filo Corp. with 99.98 per cent for and 0.02 per cent against. The company is pleased to announce that, following the approval of shareholders, it filed articles of amendment with respect to the name change, and, accordingly, the name change is effective June 23, 2023. Concurrently the company's wholly owned subsidiaries, NGEx Chile Holdings Inc. and NGEx Filo del Sol Holdings Inc., have changed their names to Filo Del Sol Chile Holdings Inc. and Filo Del Sol Holdings Inc., respectively. It is anticipated that the company shares will commence trading under the new name on the Toronto Stock Exchange, Nasdaq First North Growth Market and OTCQX Market on or about the opening of trading on June 28, 2023, and there will not be any change to the company's ticker symbol. For more information regarding the name change, please refer to the company's press release dated Jan. 17, 2023.

Jamie Beck, president and chief executive officer, commented, "As the company continues to grow on a global scale, the name change better reflects our mission of copper discovery, critical to the energy transition and electrification of the world."

The corporate website will launch with the new name on June 24, 2023, and the new domain name will be: www.filocorp.com. Visitors to the current website and e-mails to existing company addresses will be redirected.

About Filo Mining Corp.

Filo is a Canadian exploration and development company focused on advancing its 100-per-cent-owned Filo del Sol copper-gold-silver deposit located in San Juan province, Argentina, and adjacent Region III, Chile. The company's shares are listed on the TSX and Nasdaq First North Growth Market under the trading symbol FIL, and on the OTCQX under the symbol FLMMF. Filo is a member of the Lundin group of companies.

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