Mr. Jason Kosec reports

HEMLO MINING CORP. ANNOUNCES VOTING RESULTS FROM ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Hemlo Mining Corp. has released the voting results from its 2026 annual general and special meeting of shareholders, held on June 12, 2026.

Voting results

Shareholders voted in favour of all items of business put forward at the meeting. Each of those matters is set out in detail in the management information circular dated April 30, 2026, published in connection with the meeting, which is available on SEDAR+ under the company's issuer profile and on the company's website.

A total of 234,472,200 common shares, representing 79.13 per cent of Hemlo Mining's issued and outstanding common shares, were voted virtually and by proxy at the meeting.

Appointment of the auditor

PricewaterhouseCoopers LLP was appointed as the auditor of the company for the ensuing year and the directors were authorized to fix its remuneration.

Election of directors

Six individuals were elected as directors of the company to serve until the next annual meeting of shareholders or until a successor has been duly elected or appointed.

The nominating and governance committee of the company's board of directors is engaged in a process to recruit an additional independent director, expanding the board size from six to seven members. The appointment of an additional independent director will help the company achieve its objective of having a board consisting of a majority of independent directors and provide an opportunity to enhance the balance of diversity, skills and experiences of its members.

Other business

The shareholders also: (1) approved a special resolution to amend the company's articles of incorporation to effect a change of the province in which the registered office of the company is located, from British Columbia to Ontario; (2) ratified, confirmed and approved the grant of options made by the company to certain directors, officers and consultants on Aug. 8, 2025; (3) ratified, confirmed and approved the company's shareholder rights plan; (4) approved the company's amended and restated (A&R) omnibus equity incentive plan, effective upon the date on which the company's common shares are listed and posted for trading on the Toronto Stock Exchange; and (5) reapproved the company's existing 10-per-cent rolling omnibus equity incentive plan, with such approval to remain in force until it is automatically superseded upon the A&R plan becoming effective on the graduation date, all as more particularly described in the circular.

A full report of voting results has been filed on SEDAR+.

The company has received final approval to list its shares on the Toronto Stock Exchange and the graduation date is expected to be Monday, June 15, 2026.

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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