Toronto, Ontario – December 8th 2021 – Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that it has entered into a binding acquisition agreement (the “Acquisition Agreement”) with Stillwater Canada Inc. (“Stillwater”) a subsidiary of Sibanye Stillwater Limited (“Sibanye-Stillwater”) and the Company’s wholly-owned subsidiary Generation PGM Inc. (“Gen Subco”), pursuant to which Gen Subco will acquire Stillwater’s remaining 16.5% interest in the Marathon Palladium Copper project in Northwestern Ontario (the “Marathon Project”) (the “Transaction”).