Generation Mining Limited — Capital/Financing Update 2021

Mar 25, 2021

NOTICE DECLARING INTENTION TO BE QUALIFIED UNDER NATIONAL INSTRUMENT 44-101 SHORT FORM PROSPECTUS DISTRIBUTIONS ("NI 44-101")

March 25, 2021

TO:

British Columbia Securities Commission Alberta Securities Commission Ontario Securities Commission Nova Scotia Securities Commission Government of Northwest Territories Government of Nunavut Department of Justice Office of the Superintendent of Securities – Government of Yukon – Department of Community Services

Generation Mining Limited (the " Issuer ") intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.

GENERATION MINING LIMITED.

Per: ”Jamie Levy” Jamie Levy, President and CEO