McEwen Mining Announces Annual General Meeting Voting Results and Meeting Resources Now Available

TORONTO, July 02, 2024 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“MUX” or the “Company”) announces the results of the annual meeting of shareholders of MUX held on June 27, 2024. Key approvals included the Company’s 2024 Stock and Incentive Plan and the appointment of Ernst & Young LLP as its independent registered public accounting firm for the year ending December 31, 2024.

Voting Overview:

• A total of 26,845,690 shares were voted on, representing approximately 54.33% of the 49,408,775 outstanding shares entitled to vote.

• Elected Directors: Robert McEwen, Allen Ambrose, Ian Ball, Richard Brissenden, Nicolas Darveau-Garneau, Robin Dunbar, Michelle Makori, Merri Sanchez and William Shaver.

• The 2024 Equity and Incentive Plan has been approved.

• The appointment of Ernst & Young LLP as the Company’s independent public accounting firm for the financial year ending December 31, 2024 has been ratified.

Detailed voting results:

Results of the elections of the directors appointed at the meeting:

McEwen Mining Inc. 2024 Equity and Incentive Plan Election Results:

Ratification of the appointment of Ernst & Young LLP as statutory auditor:

Access meeting resources

The Annual General Meeting recording, transcript, corporate presentation and Los Azules project video are now available on the Company’s Media page at:

https://www.mcewenmining.com/media/overview/.

ABOUT MCEWEN MINING

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. It also holds a 47.7% interest in McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets in order to increase its share price and provide returns to investors. Rob McEwen, president and chief owner, has personally contributed $220 million to the company and receives an annual salary of $1.

DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements and information, including “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and information express, as of the date of this press release, McEwen Mining Inc.’s (the “Company”) estimates, forecasts, projections, expectations or beliefs regarding future events and results, including, but not limited to, the intended use of proceeds of the Offering and the timing of the closing of the Offering. 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. Consequently, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, the effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the Company’s ability 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 the commencement of production and the anticipated costs thereof, litigation risks, the state of financial markets, environmental risks and hazards, uncertainty as to the calculation of mineral resources and reserves, and other risks. Readers are cautioned not to place undue reliance on any forward-looking statements or information included in this document, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof, except as required by law. See McEwen Mining’s Annual Report on Form 10-K for the year ended December 31, 2023 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 forward-looking statements and information about the Company. All forward-looking statements and information contained in this press release are qualified by this cautionary statement.

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The NYSE and the TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this press release, which was prepared by the management of McEwen Mining Inc.