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Champion Iron Limited press release

InvestorNewsBreaks - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Increased Gold Resources at Grey Fox Deposit

TSX - Toronto Stock Exchange · Iron · Aluminium · Manganese · Copper · Zinc · Australia · Resource Estimate

InvestorNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Increased Gold Resources at Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX)announced a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex as of Dec. 31, 2024, compared to its 2021 estimate. The discovery cost averaged $14.46 per ounce, with new exploration drilling and higher gold prices contributing to the resource expansion. The updated resource estimate reflects a lower cut-off grade due to gold price adjustments from $1,750 to $2,000 per ounce. Chairman Rob McEwen stated that the expanded resources will support increased annual production and extended mine life. A full resource update is expected in the coming weeks.

To view the full press release, visit https://ibn.fm/sA1uI

About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visitwww.McEwenMining.com.

NOTE TO INVESTORS:The latest news and updates relating to MUX are available in the company’s newsroom athttps://ibn.fm/MUX

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