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TORONTO, Aug. 24, 2026 (GLOBE NEWSWIRE) — McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) today announced the planned retirement of Chief Operating Officer William Shaver. Mr. Shaver has dedicated more than 55 years of his career to the mining industry, including the past 4 years at McEwen. In 1980, he co-founded Dynatec Corporation, which became one of the leading contracting and mine operating groups in North America. Bill’s relentless commitment has left its mark on both the industry and the people he has worked with and mentored. Mr. Shaver will continue to serve on the Board of Directors of McEwen Copper, which is 46.3% owned by McEwen.

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“I have worked with Bill since the construction of the Red Lake Mine at Goldcorp and want to thank him for his service at McEwen. With our newest Stock Mine in Timmins nearing completion and El Gallo in Mexico starting construction, Bill and the Board thought it was the right time to promote the next generation of talent within the Company. The Board also thought it was very appropriate to name the new ramp at the Stock Mine, the William Shaver Ramp, in recognition of his contribution to the growth of the Company,” stated Rob McEwen, Chief Owner.

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As a result of Mr. Shaver’s retirement, McEwen has made several promotions to its leadership team. The Company views current production, mine construction and permitting as the three keys to successfully reaching its goal of 250,000-300,000 GEOs by 2030. To that end, McEwen will be making three appointments to address these areas and our Vice-Chairman, Ian Ball, will be working closely with these gentlemen to propel McEwen forward.

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Channa Kumarage – Promoted to Vice President, Operations

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Mr. Kumarage will be responsible for overseeing the Company’s operating mines. He has held progressive leadership roles within McEwen, including Director of Technical Services, where he was instrumental in bringing the Froome mine at the Fox Complex in Timmins into production and developing the Stock Mine that is nearing completion. He brings over a decade of mining engineering and leadership experience across precious and base metals, with prior roles at Minto Metals Corp., Alamos Gold Inc., and Goldcorp Inc. Mr. Kumarage is a licensed Professional Engineer registered with Professional Engineers Ontario (PEO), a Qualified Person (QP) under NI 43-101, and holds a Bachelor of Applied Science in Mineral Engineering from the University of Toronto.

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Kevin Bromfield – Promoted to Vice President, Development Projects

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Mr. Bromfield will lead the teams responsible for the engineering and building of Grey Fox (Fox Complex, Timmins), Tartan Mine Project (Flin Flon, Manitoba) and Lookout Mountain/Windfall (Gold Bar Mine Complex, Nevada).

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Mr. Bromfield brings a high level of technical expertise in the areas of mine construction, underground development, continuous improvement, alternative material handling systems, ore sorting, and shaft sinking. He holds a B.Sc. in Mining Engineering from Queen’s University and an Executive MBA from the Ivey School of Business. 

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Zahir Jina – Promoted to Vice President, Permitting, Government Relations and Sustainability

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Mr. Jina is an environmental management, engagement and permitting professional with more than 15 years of experience advancing Canadian and international mining projects through provincial, state and federal approval processes, from greenfield or brownfield development to closure. At SLR Consulting, he was a lead author of the Environmental Effects Review for IAMGOLD’s Côté Gold Project and worked with regulators on the amended approval conditions for what is now one of Canada’s largest gold mines. Prior to joining McEwen, he was Director, Environment at Wyloo, leading regulatory approval strategy and environmental management programs for critical minerals development in northern Ontario, with earlier roles at Treasury Metals, Teck Coal and Anglo American. Mr. Jina is a certified Environmental Professional (EP), Project Management Professional (PMP) and Certified Engineering Technologist (C.E.T.).