Mr. Jamie Levy reports

GENERATION MINING APPOINTS CHIEF OPERATING OFFICER AND VP FINANCE TO STRENGTHEN MANAGEMENT TEAM

Generation Mining Ltd. has appointed Jeremy Wyeth, BASc, mining engineer, as chief operating officer and Anton Cukrov, CA, as vice-president, finance, of the company.

Mr. Wyeth brings to the company four decades of international experience in operations, project development and executive leadership. From 2017 to 2020, he served as operations director at Wood Canada Ltd. (AMEC/Wood), where he led the company's Oakville office and oversaw domestic and international engineering and project delivery. Under his leadership, the office more than tripled in size. Earlier in his career, Mr. Wyeth led the full development cycle of De Beers's Victor diamond mine in Northern Ontario, from prefeasibility through construction, commissioning and ramp-up. The $1-billion project was completed nine months ahead of schedule and under budget. He has also gained extensive mine-site experience in Canada, Russia, Brazil and South Africa.

"We are very pleased to appoint Jeremy as chief operating officer," said Jamie Levy, president and chief executive officer of Generation Mining. "Since joining us as technical adviser six months ago, Jeremy has demonstrated exceptional leadership and a deep understanding of the Marathon copper-palladium project. His proven track record in mine development, construction and operations makes him the ideal person to lead our operational team as we advance the Marathon project. Jeremy is exceptionally well connected across the global mining engineering and construction community, and we look forward to his leadership in assembling a Tier 1 team of contractors and operators to lead the Marathon project through construction."

Generation Mining is also pleased to announce the appointment of Mr. Cukrov as vice-president, finance, and a key member of its finance leadership team. Mr. Cukrov brings 18 years of finance experience in the mining sector, with expertise spanning the full life cycle of mining operations, from project development and construction through commercial production and continuing operations.

Prior to joining Generation Mining, Mr. Cukrov served as corporate secretary and controller at Foran Mining Corp., where he played a central role in corporate governance and financial oversight during a pivotal period of the company's growth. He previously held progressively senior roles at Centerra Gold Inc., one of Canada's leading gold producers, and at Frontera Energy Corp., broadening his expertise across diverse resource companies and organizational structures.

"We're excited to welcome Anton to our finance leadership team at a pivotal time for Generation Mining," said Brian Jennings, chief financial officer. "His experience will be instrumental as we advance toward building the Marathon project and delivering long-term value for our stakeholders."

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 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. For more information, please review the technical report 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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