Toronto, Ontario--(Newsfile Corp. - May 14, 2018) - Generation Mining Limited (CSE: GENM) (the "Company") is pleased to
announce that it has entered an option agreement to acquire a 100% interest in the Alberta Zinc Project. The project is located
along the Mackenzie Highway approximately 80 kilometres from the town of High Level, Alberta, and has excellent infrastructure with
paved highway and a rail line crossing the claims.
The 60,000-hectare property covers an area thought to be the source of a 4,000 square-km zinc (sphalerite) anomaly. It is
thought that this world class dispersion train may have originated from a very large source, likely sedex in nature. The property
is located along Great Slave Lake Shear Zone in the Western Canada Sedimentary Basin which hosts the Pine Point zinc camp about 330
kilometres northeast. The area of the property is covered by glacial till ranging from 15-50 metres in depth, with few
outcrops.
To acquire its interest, the Company will pay $10,000 and 500,000 common shares upon signing the agreement, and commit to a
minimum of $100,000 in expenditures on the property by December 8, 2018, make a further payment of $50,000 (payable in cash or
shares) on the first anniversary date and spend an additional $200,000 before the second anniversary of the agreement. The property
is subject to a 2% gross metals royalty, of which half can be purchased by the Company at any time for $1 million.
The zinc anomaly was discovered by the Geological Survey of Canada (Open File 7541, 2014). The property is located east of the
zinc anomaly, in an area thought to be "up ice" from the dispersion train. In 1990, an oil drill hole intersected 10 metres grading
3.7% zinc at approximately 1200 metres in depth. However, it is thought that the source of the zinc anomaly would have to be hosted
by Cretaceous sedimentary bedrock at or very near the contact with the glacial till. Lead-isotope analysis by the GSC indicates
that the sphalerite grains found in the glacial till were not a product of the Pine Point deposits, but rather are "interpreted to
be the result of glacial erosion of undiscovered proximal Zn mineralization".
The Company plans to conduct more detailed sampling during the coming summer season, potentially followed by geophysics and
drilling towards the end of the year.
The Company also announces that it has granted an aggregate of 3,000,000 options to purchase common shares of the Company
exercisable at a price of $0.10 per share for a period of five years, to certain officers, directors and consultants of the
Company, in accordance with the terms of the Company's stock option plan.
Stephen Reford, P.Eng., Director of the Company, a "Qualified Person" under National Instrument 43-101 — Standards of
Disclosure for Mineral Projects, has reviewed and approved the technical information presented in this press release
About Generation Mining Limited
Generation Mining Limited is a base and precious metals exploration and development company with various property interests
throughout Canada. Its primary business objective is to explore and further develop the Davidson Molybdenum project in British
Columbia and its other mineral properties, and to continue to increase its portfolio of base and precious metal property assets
through acquisitions.
For further information please contact:
Jamie Levy
President and Chief Executive Officer
(416) 567-2440
jlevy@genmining.com
Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release,
other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects are forward-looking statements. Although the
Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from those in the statements. There are
certain factors that could cause actual results to differ materially from those in forward-looking statements. These include market
prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or
business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the forward-looking statements. For more information on the
Company, investors are encouraged to review the Company's public filings at www.sedar.com. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, other than as required by law.