Generation Mining Secures $750,000 Strategic Investment from Biigtigong Nishnaabeg

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Toronto – Company Generation Mining Ltd. (TSX: GENM) (OTCQB: GENMF) (“Generation Mining” or i “The company“) is pleased to announce that the Biigtigong Nishnaabeg First Nation (“BN”) has acquired 1,041,666 units (“Units”) of the Company at a price of $0.72 per Unit for gross proceeds of approximately $750,000 (the “Private Placement”), on the terms of the newly purchased capital of the Company on January 5. 2026.

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Chief Duncan Michano of Biigtigong Nishnaabeg said “Our relationship with Generation Mining has continued for many years. This investment demonstrates our continued commitment to seeing this mine become a reality and strengthens our active participation in the economic opportunities in the region.”

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Jamie Levy, President and CEO of Generation Mining, said “We are pleased to welcome Biigtigong Nishnaabeg as strategic investors in Generation Mining. This partnership demonstrates the strength of our relationship and our shared commitment to building an important mineral mine in Northwestern Ontario. Chief Michano and the entire Council recognize the positive impact our project will have on the communities of Maratho, Ontario, in their community.”

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On November 14, 2022, BN approved a Community Benefits Agreement (“CBA”) with respect to the Marathon Copper Palladium Project (“Project”) owned by the Company’s wholly owned subsidiary, Generation PGM Inc. (“Generation PGM”). The CBA between Generation PGM and BN, which was approved by a vote of the BN membership on November 12, 2022, describes the benefits the BN community will receive from the Project and explains how the Project’s impact on the community will be mitigated. It includes the Company’s commitment to environmental management, employment, training and education, business opportunities, social and cultural support, and financial participation.

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Each unit consisted of one common share of the Company (“Common Share”) and one Common Share purchase warrant, each warrant authorizing BN to acquire one Common Share at a price of $1.00 for a period of 24 months from the latest date.

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The total proceeds from this offering are expected to be used by the Company to develop the Company’s Marathon Project.

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About Generation Mines

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Generation Mining’s

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(TSX: GENM)

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the focus is on the development of the Marathon Project, a large undeveloped copper-palladium deposit in Northwestern Ontario. Marathon Property covers approximately 36,398 hectares (364km.

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). Generation Mining is dedicated to fostering a greener future by promoting sustainability, empowering communities, and delivering value to our stakeholders.

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The Feasibility Study (the “Technical Report”) with an effective date of November 1, 2024, estimated a Net Present Value (using a 6% discount rate) of C$1.07 billion, an Internal Rate of Return of 28%, and a 1.9 year payback based on the report’s effective date of 3 years of trailing metal prices. Over the expected 13-year mine life, the Marathon Project is expected to produce approximately: 2,161,000 ounces of palladium, 532 million lbs. copper, 488,000 ounces of platinum, 160,000 ounces of gold and 3,051,000 ounces of silver in paid metals. These production estimates and economic projections are forward-looking statements that are subject to risks and uncertainties. For more information, please review the Feasibility Study posted under the Company’s profile at www.sedarplus.ca and available on the Company’s website at https://genmining.com/projects/feasibility-study/.

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Qualified Person

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The scientific and technical content of this news release has been reviewed and approved by Daniel Janusauskas, P.Eng., Generation PGM Technical Services Manager, and Qualified Person as defined under National Instrument 43-101 – Disclosure Standards for Mineral Projects.

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Forward-Looking Information

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This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). Forward-looking statements reflect current expectations or beliefs about future events or the Company’s future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by using words such as “plans”, “anticipated”, “budget”, “budget”, “schedule”, “estimates”, “ongoing”, “forecasts”, “projects”, “forecast”, “intended”, “expects”, or “targeted”, “intended”, “intended”, “intended”, “intended” or negative such words and phrases or imply that certain actions, events or results that “may”, “could”, “should”, “might” or “might” be taken, occur or be achieved, including statements regarding the proposed use of the proceeds of the Private Placement, the receipt of all regulatory approvals related to the Private Placement, and the development of the long-awaited Project.

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Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those contained in the forward-looking information. This includes the timing of the Offer and the legal approval of the Offer; the timing of the construction decision; the progress of development on the Marathon Project, including the progress of project costs and contract processes, the Company’s plans and expectations regarding financial management, continued availability of funds and financing, future prices of palladium, copper and other commodities, lead times, exchange rates and currency fluctuations, cost escalations, global capital requirements, and respect for the Company’s capital. interruptions, international conflicts, the project schedule of the Marathon Project, the main ideas, the employees and the contractors, the continuity of the availability of funds and funds, the uncertainty involved in the interpretation of the geological data and the accuracy of the mineral location and resource estimates, the compatibility with the environment and changes in environmental laws and regulation, the relationship of the Company with the conditions of exploration and the results of the exploration area, drilling and the general access of indigenous communities, drilling and general access. economic, market or business conditions, and those risk factors set forth in the Company’s annual information form for the year ended December 31, 2024, and in the Company’s continuous disclosure documents filed on SEDAR+ by