McEwen Inc. Refiles the Technical Report for Fox Complex

TORONTO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) announces that, as a result of a review by staff of the Ontario Securities Commission (“OSC”), we are issuing the following news release regarding our disclosure on the Fox Complex. The Company has amended and refiled its Technical Report titled “NI 43-101 Technical Report on the Mineral Resources Estimate of the Fox Complex, Ontario, Canada”, originally filed on April 4, 2025.

The OSC review was conducted as part of its continuous disclosure review program, specifically in relation to the requirements under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The Company has addressed the following items in the amended Technical Report:

• Technical Report Not Prepared in Compliance with Form 43-101F1: The Technical Report now includes the information required under Items 16 to 22 of Form 43-101F1 for an advanced property that was previously omitted from the original filing.
• Qualified Person: John Ryan Cox was replaced as a co-author of the report to comply with NI 43-101 requirements for Qualified Persons.
  
  
  
  

No further amendments were made to the Technical Report. Note that the Mineral Resources statements for the Fox Complex remain unchanged.

ABOUT MCEWEN

McEwen provides its shareholders with exposure to gold, copper and silver in the Americas through its three mines located in the USA, Canada and Argentina and its large advanced-stage copper development project in Argentina. It also has a gold and silver mine on care and maintenance in Mexico. Its Los Azules copper project aims to become one of the world’s first regenerative copper mines and is committed to carbon neutrality by 2038.

McEwen's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "MUX".

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the Company to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, foreign exchange volatility, foreign exchange controls, foreign currency risk, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information based upon new information or events after the date hereof except as may be required by law. See McEwen Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen.

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