Hemlo Mining Corp. Announces DTC Eligibility Allowing for Electronic Settlement of Trades in the United States

Hemlo Mining Corp. (TSX: HMMC) (OTCQX: HMMCF) has announced that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). The DTC eligibility is expected to simplify trading processes and enhance the liquidity of the Company's shares in the U.S. market.

As a subsidiary of the Depository Trust & Clearing Corporation, DTC manages electronic clearing and settlement for publicly traded companies. With DTC eligibility, Hemlo Mining's shares can be traded across a broader network of brokerage firms, which is anticipated to accelerate the settlement process and improve access for a wider range of investors. Existing shareholders do not need to take any action due to the DTC eligibility.

Jason Kosec, President, CEO, and Director of Hemlo Mining, stated that "DTC eligibility removes a practical barrier for U.S. investors, allowing our shares to clear and settle electronically through a broader network of brokers. Together with our graduation to the TSX and the commencement of trading on the OTCQX, this reflects the continued execution of our capital markets strategy. Each step expands access to Hemlo Mining's common shares for institutional and retail investors, in Canada and internationally, and advances our journey to establish Hemlo Mining as a leading Canadian mid-tier gold producer."

Hemlo Mining Corp. is a Canadian gold producer that operates in the Hemlo gold camp in northwestern Ontario. The flagship asset, the Hemlo Gold Mine, has produced approximately 25 million ounces of gold since 1985 from both underground and open pit operations. The Company’s strategy focuses on maximizing the mine’s value through improved operational efficiency, production growth, and extending mine life.

This announcement includes forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those anticipated. The Company advises readers not to place undue reliance on these statements and reminds stakeholders that it has no obligation to update them, except as required by applicable securities laws and regulations.