Mr. Jason Kosec reports

HEMLO MINING CORP. ANNOUNCES DTC ELIGIBILITY ALLOWING FOR ELECTRONIC SETTLEMENT OF TRADES IN THE UNITED STATES

Hemlo Mining Corp.'s common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). DTC eligibility is expected to simplify the process of trading and enhance liquidity of the company's shares in the United States.

As a subsidiary of the Depository Trust & Clearing Corp. (DTCC), DTC handles electronic clearing and settlement for publicly traded companies. With DTC eligibility, the company's shares can now be traded across a wider network of brokerage firms, accelerating the settlement process and improving access for a broader range of investors. Existing shareholders are not required to take any action as a result of the Company's common shares becoming DTC eligible.

Jason Kosec, president, chief executive officer and director of Hemlo Mining, commented: "DTC eligibility removes a practical barrier for U.S. investors, allowing our shares to clear and settle electronically through a broader network of brokers. Together with our graduation to the TSX and the commencement of trading on the OTCQX, this reflects the continued execution of our capital markets strategy. Each step expands access to Hemlo Mining's common shares for institutional and retail investors, in Canada and internationally, and advances our journey to establish Hemlo Mining as a leading Canadian mid-tier gold producer."

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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