Mr. Jamie Levy reports

GENERATION MINING SECURES $750,000 STRATEGIC INVESTMENT FROM BIIGTIGONG NISHNAABEG

The Biigtigong Nishnaabeg First Nation (BN) has acquired 1,041,666 units of Generation Mining Ltd. at a price of 72 cents per unit for gross proceeds of approximately $750,000, on identical terms to the company's most recent bought deal financing that closed on Jan. 15, 2026.

Chief Duncan Michano of Biigtigong Nishnaabeg stated: "Our relationship with Generation Mining has been ongoing for many years. This investment demonstrates our continued commitment to seeing this mine become a reality and solidifies our active participation in economic opportunities within the region."

Jamie Levy, president and chief executive officer of Generation Mining, stated: "We are pleased to welcome Biigtigong Nishnaabeg as strategic investors in Generation Mining. This partnership demonstrates the strength of our relationships and our shared commitment to building a vital critical minerals mine in Northwestern Ontario. Chief Michano and the entire council recognize the positive impact our project will have on their community and on surrounding communities, including Marathon, Ont."

On Nov. 14, 2022, BN approved a community benefits agreement (CBA) in respect of the Marathon copper-palladium project owned by the company's wholly owned subsidiary, Generation PGM Inc. The CBA between Generation PGM and BN, which was ratified through a BN membership vote on Nov. 12, 2022, describes the benefits the BN community will receive from the project and details how the project's impacts on the community will be mitigated. It includes commitments from the company regarding environmental management, employment, training and education, business opportunities, social and cultural support, and financial participation.

Each unit comprised one common share of the company and one-half of one common share purchase warrant, with each whole warrant entitling BN to acquire one common shares at a price of $1 for a period of 24 months from the date hereof.

The net proceeds from the offering are expected to be used by the company to advance the development of the company's Marathon project.

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 with an effective date of Nov. 1, 2024, 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 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 approximately 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. These production estimates and economic projections are forward-looking statements subject to risks and uncertainties. For more information, please review the feasibility study filed under the company's profile on SEDAR+ and available on the company's website.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Daniel Janusauskas, PEng, technical services manager of Generation PGM and a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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