Hemlo Mining Corp. Achieves DTC Eligibility for Enhanced Trading in the U.S.

Toronto, July 15, 2026 – Hemlo Mining Corp. (TSX: HMMC) (OTCQX: HMMCF) announced a significant milestone for the Company as it has gained eligibility for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). This development is a crucial step forward in enhancing the liquidity and accessibility of Hemlo Mining's shares, particularly for U.S. investors.

DTC elves its role in facilitating the electronic clearing and settlement process for publicly traded firms, and with this new eligibility, Hemlo Mining's shares can now be traded through a broader array of brokerage firms. This transition is expected to expedite the settlement process and provide more access for various investors, both institutional and retail, thereby facilitating a more efficient trading environment.

Jason Kosec, the President and CEO of Hemlo Mining, expressed optimism regarding this advancement. He stated, "DTC eligibility removes a practical barrier for U.S. investors, allowing our shares to clear and settle electronically through a broader network of brokers. Alongside our graduation to the TSX and commencement of trading on the OTCQX, this marks a significant progression of our capital markets strategy. Each step expands access to Hemlo Mining's common shares and reinforces our strategy to establish the Company as a leading mid-tier gold producer in Canada." This sentiment highlights the Company’s commitment to maintaining and increasing its investor base.

The process of trading shares has often posed challenges for investors outside of Canada, and the DTC’s framework aims to alleviate some of those challenges, streamlining the procedures associated with trading Hemlo Mining's common shares. Importantly, existing shareholders will not be required to take any additional actions as a result of this new eligibility.

Hemlo Mining Corp. focuses on the operation and enhancement of its flagship asset, the Hemlo Gold Mine in northwestern Ontario. Since its inception in 1985, the mine has produced an impressive 25 million ounces of gold from both underground and open-pit operations. The Company has established a fit-for-purpose strategy aimed at maximizing the mine’s efficacy through enhanced operational efficiency, growth in production, and extending the mine's lifespan. The experienced management team at Hemlo Mining is recognized for their ability to create value within the global mining sector.

This announcement also aligns with the Company’s goals of expanding its market presence and operational capabilities. The benefits that DTC eligibility is expected to bring are anticipated not just in improving trading liquidity but also in fostering a broader acceptance of Hemlo shares among U.S. and international investors.

In closing, the move towards securing DTC eligibility reinforces Hemlo Mining’s dedication to maintaining a robust presence in the competitive mining industry while enhancing shareholder value. Not only does this reflect a well-thought-out strategic initiative, but it also opens doors for potential growth opportunities as they continue to build relationships with a wider range of investors. This is an exciting period for Hemlo Mining, as it continues to pave the way forward in the mining sector with this promising new development.