Generation Mining Limited announced results from the first phase of drilling at the Biiwobik prospect, immediately north of the Marathon palladium-copper deposit in Northwestern Ontario. The Company recently announced plans for a multi-phased exploration program that will target copper dominant and higher-grade palladium group metals (PGM) prospects within its 26,000 hectare land package (see news release dated March 7, 2024). Results from the first phase of drilling have returned positive results including 8.0 metres of 0.85% Cu, 2.48 g/t Pd, 0.57 g/t Pt, 0.22 g/t Au (3.06% Copper Equivalent), within a broader 30 metre interval grading 0.41% Cu, 1.02 g/t Pd, 0.24 g/t Pt, and 0.10 g/t Au (1.33% CuEq) in MB-24-058.

Hole MB-24-059 intersected mineralization over 5.0 metres at 0.56% Cu, 1.12 g/t Pd, 0.21 g/t Pt, and 0.15 g/t Au (1.59% CuEq) within a 22 metre interval grading 0.19% Cu, 0.9 g/t Pd, 0.24 g/t Pt, and 0.10 g/t Au (0.98% CuEq). Additional drill holes from this program such as MB-24-054 encountered a variety of mineralization styles including 34 metres of oxide cumulates grading up to 1.37 g/t Pd, 0.13% Cu, 0.23% Pt and 0.10 g/t Au, as well as a notable 11 metre interval of massive sulphides containing elevated Pd and Cu values of 0.50 g/t and 0.39% respectively. This along with several other massive to semi-massive intercepts support the model for back-draining and subsequent settling of massive sulphides in a feeder conduit setting, and can be used to help vector towards higher grade intervals in the future.

These holes at the Biiwobik zone effectively extend the mineralization approximately 450 metres north of the Marathon deposit Mineral Resource and confirm that the deposit is open to the north and at depth. The results also confirm that zones of higher copper mineralization are present and can be successfully identified. Further drilling programs will aim at extending this zone, with the possibility of adding an Inferred Mineral Resource in the future with additional drilling success.

The company is confident, that the addition of these six drill holes at Biiwobik will assist in better understanding the northern extension of the deposit. Sally Deposit: The company is also pleased to announce that drilling is underway at its Sally deposit, on a single 1000 metre drillhole where a 2019 borehole electromagnetic survey and subsequent magnetotelluric survey carried out in 2020 indicate the presence of a large untested conductor occurring between 600-900 meters depth. Results from this program will be released in the coming months.

Four Dams: Upon completion of drilling at the Sally deposit, drilling will immediately commence on multiple targets at the company?s Four Dams prospect. The primary target at Four Dams is a 250-metre-wide by 60-metre-thick ultramafic pipe where drilling by previous operators has indicated a prospective environment for the settling of high grade massive sulphides at depth (see news release dated March 7th, 2024).