Mr. Jamie Levy reports

GENERATION MINING CONTINUES STRENGTHENING ITS MANAGEMENT TEAM

Generation Mining Ltd. has appointed Rachel Pineault, executive vice-president, corporate affairs and human resources, and Erich Meintjes, vice-president, engineering, to the Generation Mining management team to support the development, construction and future operation of the company's Marathon copper-palladium project in Northwestern Ontario.

Rachel Pineault, executive vice-president, corporate affairs and human resources

Ms. Pineault is a mining executive with more than 30 years of progressive leadership experience across human resources, corporate governance, sustainability and large-scale project development. She has played a key role in the successful construction, commissioning, operation and reopening of multiple mining operations, establishing high performance organizational frameworks grounded in strong governance and a differentiated employee value proposition.

Her expertise includes strategic work force planning, total rewards design and governance systems that support operational excellence and long-term shareholder value creation. Ms. Pineault has also built enduring partnerships with indigenous nations and host communities, integrating economic participation, work force development and community investment into core business strategy.

She brings to the company a demonstrated ability to align people strategy, governance oversight and sustainable development to achieve operational readiness and deliver lasting stakeholder value.

Erich Meintjes, vice-president, engineering

Mr. Meintjes brings more than 27 years of engineering leadership experience within the global mining sector. After completion of his engineer in training, and eventually project engineer for a Mining House, he joined DRA Global in 2002 as a project engineer and advanced through progressively senior roles, including senior project manager, culminating in his appointment as senior vice-president, engineering (EMEA). His career progression reflects a strong record of technical excellence, operational discipline and strategic leadership.

Over the course of his career, Mr. Meintjes has led and sponsored a diverse portfolio of projects across multiple commodities and jurisdictions. His expertise spans the full project life cycle, including execution strategy, engineering design, procurement, construction management, commissioning and operational handover of complex mining and mineral processing facilities.

Throughout his career and executive leadership Mr. Meintjes has successfully optimized resource allocation, strengthen technical governance, and ensured the successful delivery of both operational mandates and long-term strategic objectives.

"We are very pleased to welcome Rachel and Erich to the management team at Generation Mining to help push the Marathon project forward," said Jamie Levy, president and chief executive officer of Generation Mining. "Their collective experience in human resources, governance, sustainability and engineering will be invaluable as we advance Marathon copper-palladium project."

The Marathon copper-palladium project is one of the largest undeveloped copper-palladium resources in North America and is expected to be a significant future source of copper, palladium and other critical metals essential to electrification and decarbonization initiatives.

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 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 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.

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.