Mining Generation Announces Election of Directors

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TORONTO – Generation Mining Limited (TSX:GENM) “The company”) declares that, at the annual and special meeting of shareholders held earlier today, the six (6) nominees nominated for election to the Company’s board of directors and listed in the Company’s management information circular dated May 14, 2026, were each duly elected by a majority of the votes cast by the shareholders present in person or represented by proxy at the next annual meeting of each nominee holding office The company, or until a successor is elected or appointed The voting results are as follows:

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The nominee	Common Shares
The nominee	Votes For	Reserved Votes
Jamie Levy	82,836,154	89,089
Jamie Levy	(99.9%)	(0.1%)
Kerry Knoll	82,713,027	212,216
Kerry Knoll	(99.7%)	(0.3%)
Stephen Reford	82,842,131	83,112
Stephen Reford	(99.9%)	(0.1%)
Phillip Walford	82,822,121	103,122
Phillip Walford	(99.9%)	(0.1%)
Rebecca Hudson	82,698,379	226,864
Rebecca Hudson	(99.7%)	(0.3%)
Kyle Kuntz	82,701,816	223,427
Kyle Kuntz	(99.7%)	(0.3%)

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About Generation Mining Limited

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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. 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 Technical Report posted under the Company Profile at

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and is available on the Company’s website at

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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’s Technical Services Manager, and Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure 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. Generally, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “anticipates”, “estimates”, “forecasts”, “projects”, “expects”, “targets” or “believes”, or variations, or negatives, of such words and phrases, or mentions “actions that may occur”, certain events “if”, “may” or “might” be taken, occur or be achieved, including statements regarding and the development of the Marathon Project and the estimates and assumptions in the Technical Report, including Net Present Rate, Internal Rate of Return, payback period, expected mine life, and expected production of pallatinum, silver, copper

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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 risk that future metal prices differ from the price forecasts underlying the Technical Report, the risk that the discount rate used does not reflect actual conditions, the risk of mineral reserves and resource estimates and the interpretation of geological data proving to be incorrect, the progress of development on the Marathon Project, cost increases, and general economic, market or business conditions, and those risk factors set throughout the year on December 3. 2025, and in the continuous disclosure documents filed by the Company on SEDAR+ on

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Readers are cautioned that the above list of factors is not exhaustive of factors that may affect forward-looking statements. Therefore, readers should not place undue reliance on forward-looking statements. Forward-looking statements in this news release speak only as of the date of this news release or as of the date or dates specified in those statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. For additional information on the Company, investors are encouraged to review the Company’s public filings on SEDAR+ at

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