Generation Mining Commences Plant Engineering and Strengthens Management Team

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Mining Update

Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that Wood, the global consulting and engineering company, has been awarded and has commenced with the processing plant engineering and long lead-time procurement (“EP Services”) for the Marathon palladium-copper Project in Northwestern Ontario (the “Project”).

The initial phase of the work will involve a value engineering phase to optimize Project design and footprint prior to advancing detailed engineering. The work will be conducted in the Wood Engineering offices in Oakville Ontario.

Over the coming months, the Project goal is to complete engineering and initial procurement activities, with approximately 75% of the engineering to be complete at the start of construction. Initial early works associated with construction are anticipated in the second half of 2022 and are contingent on receiving critical permits following the approval of the Environmental Assessment expected in mid-2022.

Paul Murphy, Ing. has joined the Gen Mining team as a consultant to continue to advance the EP Services. Mr. Murphy was previously with G-Mining Services (“GMS”) and played a key role in the Marathon Project Feasibility Study (published on March 25th, 2021). At GMS, Mr. Murphy in his prior role as Project Director contributed to numerous engineering designs along with Project implementation and execution works.

Gen Mining has also brought on the services of LQ Consulting and Management with Gordon Lung, B.Eng to fill the key role of Project Services Manager, and Pierre Legare, President of LQ as Senior Project Advisor. These two will contribute to advance the Project through pre-construction phase and into the construction phase which is expected to start following the approval of the Environmental Assessment and permitting phase, and financing.

In addition, Steve Haggarty, P.Eng, President Haggarty Technical Services will continue to support the Project as a consultant and Senior Technical Advisor working with Wood on the processing plant engineering designs. Mr. Haggarty was pivotal in the recent Feasibility Study with specific contributions to the processing flowsheet and completion of the 2020 metallurgical test work at SGS-Lakefield.

Drew Anwyll, P.Eng and COO, commented, “We are extremely happy to have this integrated team comprised of the Wood Engineering group and the Gen Mining team members to advance the Project. This is a top team with a proven track record to advance the Project through the engineering designs and into the construction in the second half of 2022. We are definitely set up to make this an outstanding Project.”