McEwen Mining’s Grey Fox project lies in close proximity to the highly prolific Porcupine-Destor Fault Zone and only 3 km Southeast of the Black Fox & Froome Mines which collectively have produced more than 1,000,000 ozs of gold. A recently published resource update for Grey Fox demonstrates an Indicated resource of over 1,500,000 ozs of gold an Inferred resource of over 450,000 ozs of gold. There are over 150 distinct lenses of mineralization at Grey Fox and geological data suggests that most of these lenses are epithermal to high-level orogenic in nature. Some of these lenses are present near surface, while others persist to depths in excess of 700m. The bulk of the 2025 Exploration diamond drilling budget has been allocated for near-term ounce growth, especially in proximity to the Historical Gibson Ramp. In addition, interpretations of the results for a recently completed surface-based DCIP & MT geophysical survey will be used for longer term exploration target generation within both what is known as the ‘Grey Fox Exploration Horizon’ and the ‘Black Fox Exploration Horizon’.