Mr. Jason Kosec reports

HEMLO MINING CORP. COMMENCES TRADING ON THE OTCQX BEST MARKET IN THE UNITED STATES

Hemlo Mining Corp.'s common shares have commenced trading on the OTCQX Best Market, the premier tier of the OTC Markets Group in the United States, under the symbol HMMCF. Hemlo Mining's common shares will also continue to trade on the TSX Venture Exchange under the symbol HMMC.

The OTCQX provides United States and international investors with a streamlined, cost-effective means of trading Hemlo's common shares through existing U.S. brokerage accounts. The OTCQX is recognized for its high financial standards, regulatory compliance requirements and transparent disclosure practices, and is home to many established international companies seeking enhanced visibility in the U.S. capital markets.

OTCQX trading forms a key component of Hemlo's broader capital markets strategy to enhance trading liquidity and expand investor access. The company announced earlier this week that it has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX), with listing subject to the company fulfilling all of the requirements of the TSX on or before July 14, 2026. These initiatives reflect the company's commitment to meeting the expectations of a growing institutional and retail shareholder base as Hemlo Mining continues to build on its position as a leading Canadian gold producer.

Jason Kosec, president, chief executive officer and director of Hemlo Mining, commented: "Trading on the OTCQX is an important step in our commitment to broadening access to Hemlo's common shares for investors in the United States and globally. It will provide a convenient way for U.S. investors to trade our shares on a U.S. market and in U.S. dollars. Since completing the acquisition of the Hemlo gold mine, we have moved with purpose to establish our company as a leading Canadian mid-tier gold producer. Our planned progression from the TSX-V to the TSX, and the commencement of trading on the OTCQX, reflects our confidence in the asset, the strength of our team and our ambition to reach the widest possible audience of institutional and retail investors."

About Hemlo Mining Corp.

Hemlo Mining is a Canadian gold producer focused on operating and enhancing the Hemlo gold camp in Northwestern Ontario. The company's flagship asset, the Hemlo gold mine, has produced approximately 25 million ounces of gold since 1985 from both underground and open pit operations. The company's fit-for-purpose strategy is centred on maximizing the value of the mine through improved operating efficiency, production growth and mine life extension. Hemlo Mining is led by an experienced team with a record of value creation in the global mining sector.

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