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Generation Mining Ltd.

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Summary

Project:

Marathon

Deposit:Marathon
Location:Canada
Commodities:PGM-Copper-Gold-Silver
Date:10/24/2019
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:24-10-2019: Generation Mining Ltd. announces a Resource Estimation report for its Marathon deposit at the Marathon project. Updated mineral resource estimate for project. The following report (the “Technical Report”) presents an updated Mineral Resource E
Resources:(Resource, M+I): 179.248Mt @ 1.24g/t PdEq.
CP/QP:[Resources]: Eugene J. Puritch, Fred H. Brown (P&E Mining Consultants Inc.;Independent)
ABSTRACT:The following report (the “Technical Report”) presents an updated Mineral Resource Estimate prepared by P&E Mining Consultants Inc. (“P&E”) regarding the Marathon Deposit (the “Project” or “Marathon Project”) of the Marathon Palladium-Copper Property, Marathon, Ontario, Canada (the “Property”). This Technical Report was prepared pursuant to the requirements of Canadian National Instrument (“NI”) 43-101. The updated P&E Mineral Resource Estimate contained in this Technical Report was prepared in accordance with the guidelines of the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Standards on Mineral Resources and Reserves, Definitions and Guidelines. Generation Mining Limited (“Gen Mining” or “the Company”) retained P&E Mining Consultants Inc. to prepare this updated independent NI 43-101 Technical Report and Mineral Resource Estimate on Gen Mining’s Marathon Palladium-Copper Property located near Marathon, Ontario, Canada. P&E understands this Technical Report will be used in support of Generation’s preparations to proceed to a Preliminary Economic Assessment (“PEA”) and for possible financing purposes. In preparing this Technical Report, P&E reviewed a key internal (non-public) document titled “Technical Report and Updated Resource Estimate on the Marathon PGM-Cu Project” – previously written for Stillwater Canada Inc. and prepared by P&E, effective date of October 1, 2012.

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