Generation Mining Announces Retirement of Director and Results of Annual and Special Meeting of Shareholders - Seite 2

82,688,019

1,601,844

(98.10%)

(1.90%)

Paul Murphy

82,878,019

1,411,844

(96.33%)

(1.68%)

Phillip Walford

84,113,319

176,544

(99.79%)

(0.21%)

Cashel Meagher

83.982.719

307,144

(99.64%)

(0.36%)

Jennifer Wagner

84,101,523

188,340

(99.78%)

(0.22%)

Shareholders of the Company also voted in favour of resolutions to (a) re-appoint RSM Canada LLP as the auditor of the Company until the next annual meeting of Shareholders and the board of directors were authorized to fix the remuneration of the auditor, (b) approve the adoption of the Company’s new omnibus equity incentive plan, and (c) approve the repeal of the Original By-Law and the adoption of the New By-Law (as such terms are defined in the MIC).

The full report of voting results from the Meeting is available under the Company’s profile on www.sedar.com.

About the Company

Gen Mining’s focus is the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario, Canada. The Company released the results of the Feasibility Study Update on March 31, 2023.

The Feasibility Study Update estimated a Net Present Value (using a 6% discount rate) of C$1.16 billion, an Internal Rate of Return of 25.8%, and a 2.3-year payback. The mine is expected to produce an average of 166,000 ounces of payable palladium and 41 million pounds of payable copper per year over a 13-year mine life (“LOM”). Over the LOM, the Marathon Project is anticipated to produce 2,122,000 ounces of palladium, 517 million lbs of copper, 485,000 ounces of platinum, 158,000 ounces of gold and 3,156,000 ounces of silver in payable metals. For more information, please review the Feasibility Study Update dated March 31, 2023, filed under the Company’s profile at SEDAR.com or on the Company’s website at https://genmining.com/projects/feasibility-study/.