Generation Mining Continues Strengthening its Management Team
Generation Mining Continues
Strengthening its Management Team
Toronto, Ontario – February 24, 2026 – Generation Mining Limited (TSX: GENM) (“Gen
Mining” or the “Company”) is pleased to announce the appointment of Rachel Pineault ,
Executive Vice President Corporate Affairs and Human Resources and Erich Meintjes, Vice
President Engineering to the Generation Mining Management Team to support the
development, construction, and future operation of the Company’s Marathon Copper -
Palladium Project in Northwestern Ontario.
Rachel Pineault, Executive Vice President Corporate Affairs and Human Resources
Ms. Pineault is a mining executive with more than 30 years of progressive leadership
experience across human resources, corporate governance, sustainability, and large-scale
project development. She has played a key role in the successful construction,
commissioning, operation, and reopening of multiple mining operations, establishing high-
performance organizational frameworks grounded in strong governance and a differentiated
employee value proposition.
Her expertise includes strategic workforce planning, total rewards design, and governance
systems that support operational excellence and long-term shareholder value creation. Ms.
Pineault has also built enduring partnerships with Indigenous Nations and ho st
communities, integrating economic participation, workforce development, and community
investment into core business strategy.
She brings to the Company a demonstrated ability to align people strategy, governance
oversight, and sustainable development to achieve operational readiness and deliver lasting
stakeholder value.
Erich Meintjes, Vice President Engineering
Mr. Meintjes brings more than 27 years of engineering leadership experience within the
global mining sector. After completion of his Engineer in Training, and eventually Project
Engineer for a Mining House, he joined DRA Global in 2002 as a Project Enginee r and
advanced through progressively senior roles, including Senior Project Manager, culminating
in his appointment as Senior Vice President, Engineering (EMEA). His career progression
reflects a strong track record of technical excellence, operational dis cipline, and strategic
leadership.
Over the course of his career, Mr. Meintjes has led and sponsored a diverse portfolio of
projects across multiple commodities and jurisdictions. His expertise spans the full project
lifecycle, including execution strategy, engineering design, procurement, construction
management, commissioning, and operational handover of complex mining and mineral
processing facilities.
Throughout his career and executive leadership Erich has successfully optimized resource
allocation, strengthen technical governance, and ensured the successful delivery of both
operational mandates and long-term strategic objectives.
“We are very pleased to welcome Rachel and Erich to the management team at Generation
Mining to help push the Marathon Project forward, ” said Jamie Levy, President and CEO of
Generation Mining. “Their collective experience in Human Resources, Governance,
Sustainability and Engineering will be invaluable as we advance Marathon Copper-Palladium
project.”
The Marathon Copper-Palladium Project is one of the largest undeveloped copper-palladium
resources in North America and is expected to be a significant future source of copper ,
palladium and other critical metals essential to electrification and decarbonization
initiatives.
About Generation Mining Limited
Generation Mining’s (TSX: GENM) focus is the development of the Marathon Project, a large
undeveloped copper-palladium deposit in Northwestern Ontario. The Marathon Property
covers a land package of approximately 36,398 hectares (364km2). Generation Mining is
dedicated to fostering a gr eener future by promoting sustainability, empowering
communities, and delivering value to our stakeholders.
The Feasibility Study (the “Technical Report”) with an effective date of November 1, 2024,
estimated a Net Present Value (using a 6% discount rate) of C$1.07 billion, an Internal Rate
of Return of 28%, and a 1.9 -year payback based on the 3 -yr trailing average metal prices at
the effective date of the Technical Report. Over the anticipated 13 -year mine life, the
Marathon Project is expected to produce approximately: 2,161,000 ounces of palladium,
532 million lbs. of copper, 488,000 ounces of platinum, 160,00 0 ounces of gold and
3,051,000 ounces of silver in payable metals. These production estimates and economic
projections are forward-looking statements subject to risks and uncertainties. For more
information, please review the Feasibility Study filed under the Company’s profile
at www.sedarplus.ca and available on the Company’s website
athttps://genmining.com/projects/feasibility-study/.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved
by Daniel Janusauskas, P .Eng., Technical Services Manager of Generation PGM, and a
Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
For further information, please contact:
Jamie Levy
President and Chief Executive Officer
(416) 640-2934 (O)
(416) 567-2440 (M)
Forward-Looking Information
This news release contains certain forward-looking information and forward-looking
statements, as defined in applicable securities laws (collectively referred to herein as
“forward-looking statements”). Forward-looking statements reflect current expectations or
beliefs regarding future events or the Company’s future performance. All statements other
than statements of historical fact are forward -looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as “plans” , “expects” ,
“is expected” , “budget” , “scheduled” , “estimates” , “continues” , “forecasts” , “projects” ,
“predicts” , “intends” , “anticipates” , “targets” or “believes” , or variations of, or the negatives
of, such words and phrases or state that certa in actions, events or results “may” , “could” ,
“would” , “should” , “might” or “will” be taken, occur or be achieved, including statements
relating to the proposed use of proceeds of the Private Placement, receipt of all regulatory
approvals related to the Pr ivate Placement, and the anticipated advancement of the
Company’s Marathon Project.
Although the Company believes that the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from tho se in
the statements. There are certain factors that could cause actual results to differ materially
from those in the forward-looking information. These include the timing of the Offering and
regulatory approval of the Offering; timing for a construction decision; the progress of
development at the Marathon Project, including progress of project expenditures and
contracting processes, the Company’s plans and expectations with respect to liquidity
management, continued availability of capital and financing, the future prices of palladium,
copper and other commodities, permitting timelines, exchange rates and currency
fluctuations, increases in costs, requirements for additional capital, and the Company’s
decisions with respect to capital allocation, inflation, global supply chain disruptions, global
conflicts, the project schedule for the Marathon Project, key inputs, staffing and contractors,
continued availability of capital and financing, uncertainties involved in interpreting
geological data and the accuracy of mineral reserve and resource estimates, environmental
compliance and changes in environmental legislation and regulation, the Company’s
relationships with Indigenous communities, results from planned exploration and drilling
activities, local access conditions for drilling, and general economic, market or business
conditions, as well as those risk factors set out in the Company’s annual information form
for the year ended December 31, 2024, and in the continuous disclosure documents filed by
the Company on SEDAR+ at www.sedarplus.ca .
Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that
may affect forward -looking statements. Accordingly, readers should not place undue
reliance on forward -looking statements. The forward-looking statements in this news
release speak only as of the date of this news release or as of the date or dates specified in
such statements. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new informat ion, future events or
otherwise, other than as required by law. For more information on the Company, investors
are encouraged to review the Company’s public filings on SEDAR+ at www.sedarplus.ca .