McEwen acquires 9.2 million Inventus shares

Mr. Rob McEwen of McEwen reports MCEWEN EXERCISES INVENTUS WARRANTS AND INCREASES OWNERSHIP TO 12.7% McEwen Inc., on Nov. 4, 2026, acquired ownership of 9.2 million common shares of Inventus Mining Corp., pursuant to the exercise of 9.2 million common share purchase warrants at an exercise price of 12 Canadian cents per common share, for aggregate consideration of $1,104,000 (Canadian). Prior to the warrant exercise, McEwen owned, directly or indirectly, or exercised control or direction over, 20 million common shares, which, at the time, represented approximately 9 per cent of the total number of issued and outstanding common shares of Inventus. Following the warrant exercise, McEwen owned, directly or indirectly, or exercised control or direction over, 29.2 million common shares, which represented 12.7 per cent of the total number of issued and outstanding common shares of Inventus. The acquisition of the common shares was made by McEwen for investment purposes. In accordance with applicable securities laws, McEwen may, from time to time and at any time, acquire additional common shares and/or other equity, debt or other securities or instruments of Inventus in the open market or otherwise, and reserves the right to sell or otherwise dispose of any or all of its securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of Inventus and other relevant factors. McEwen's head office is located at 150 King St. W, Suite 2800, Toronto, Ont., M5H 1J9. Inventus's head office is located at 82 Richmond St. E, Toronto, Ont., M5C 1P1. A copy of the early warning report filed under applicable securities laws will be available under Inventus's profile on SEDAR+. About McEwen Inc. McEwen combines growing gold and silver production with a major copper development project and a royalty portfolio across the Americas. McEwen shares trade on the New York Stock Exchange and Toronto Stock Exchange under MUX. McEwen holds a 46.3-per-cent interest in McEwen Copper, owner of Los Azules, a large, long-life copper project in San Juan, Argentina. The shovel-ready project completed its feasibility study and received approval under Argentina's large investment regime (RIGI) in 2025. McEwen also holds a 1.25-per-cent net smelter return royalty on Los Azules and a 27-per-cent interest in Paragon Advanced Labs Inc., a publicly listed company deploying PhotonAssay technology worldwide. Chairman and chief owner Rob McEwen has personally invested over $293-million (U.S.) and takes a salary of $1 per year, aligning his interests with shareholders. His goal is to multiply the value of shareholders' investments -- and his own -- as he did building Goldcorp Inc. We seek Safe Harbor.