Mr. Jamie Levy reports

GENERATION MINING EXPANDS ITS LAND PACKAGE AT THE MARATHON DISTRICT

Generation Mining Ltd. has acquired 451 mining claims contiguous to its current land package in Marathon, Ont. The Marathon district, which includes the Marathon copper-palladium project, now represents a land package of 1,617 claims and 47 mining leases. This represents an increase from an area of 26,814 hectares (268 square kilometres) to 36,398 hectares (364 square kilometres), or an increase of approximately 36 per cent.

The acquisition further enhances the company's regional exploration footprint and the opportunity to advance the geological understanding of the Marathon district.

The new claims were acquired through two separate agreements with a local prospector group. The details of the agreements, geological potential and location are described in further detail below.

Jamie Levy, president and chief executive officer, stated, "Growing our land package by approximately 36 per cent strengthens our strategic land position and opens new targets for potential discoveries near the Marathon deposit -- crucial at a time when the world is increasingly focused on securing critical metals."

Martinet agreement

Generation Mining has acquired 236 claims, comprising approximately 5,011.5 hectares, located along the northern margin of current exploration activities (the Martinet claims). Under the terms of the agreement, the company will make an initial payment of $100,000, followed by three subsequent payments of $100,000 over the next three years. The vendor retains a 2-per-cent net smelter return (NSR) royalty, of which Generation Mining has the right to purchase 1 per cent of the NSR royalty for $500,000 at any time.

Recent exploration activities on the northern margin of the Marathon district, or Coldwell complex, have identified Coldwell-related intrusions beyond the established Archean country rock contact. The newly acquired Martinet claims include historic drilling of two shallow drill holes completed in 1990, conducted by Noranda, which are proximal to major fault systems that radiate outward from the Coldwell complex into the surrounding country rock.

Foxtrap and South River agreement

The company also acquired a combined 215 claims consisting of approximately 2,974.4 hectares (Foxtrap -- 140 claims) and 1,597.7 hectares (South River -- 75 claims). Under the terms of the agreement, the company will make an initial payment of $50,000, followed by three subsequent payments of $50,000 over the next three years. The vendor retains a 2-per-cent NSR royalty, of which Generation Mining has the right to repurchase 1 per cent of the NSR for $500,000 at any time.

The Foxtrap claims, situated on the western margin of the Marathon district, or Coldwell complex, have no record of prior exploration; however, this area is considered prospective. The Eastern gabbro suite, host to the mineralized Marathon series rocks, is known to utilize the Archean contact for its intrusion, and, although not currently mapped at surface, similar gabbroic units are present along the western rim, as indicated by extensions of layered series hangingwall gabbroic rock. Generation Mining is committed to advancing exploration at established prospects within the Coldwell complex as well as innovating exploration strategies with new opportunities.

Qualified person

The scientific and technical content of this news release was reviewed and approved by Chanelle Boucher, PGeo, senior geologist of Generation PGM Inc., a wholly owned subsidiary of the company, and a qualified person as defined by Canadian Securities Administrators' National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Generation Mining Ltd.

Generation Mining's focus is the development of the Marathon project, a large undeveloped copper-palladium deposit in Northwestern Ontario. The Marathon property covers a land package of approximately 36,398 hectares (364 square kilometres). Generation Mining is dedicated to fostering a greener future by promoting sustainability, empowering communities and delivering value to its stakeholders.

The feasibility study estimated a net present value (using a 6-per-cent discount rate) of $1.07-billion, an internal rate of return of 28 per cent and a 1.9-year payback based on the three-year trailing average metal prices at the effective date of the technical report. Over the anticipated 13-year mine life, the Marathon project is expected to produce 2,161,000 ounces of palladium, 532 million pounds of copper, 488,000 ounces of platinum, 160,000 ounces of gold and 3,051,000 ounces of silver in payable metals.

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