McEwen reports high-grade gold intercepts at Grey Fox; discovers new high-grade zone at Windfall in Nevada

McEwen Inc.

Grey Fox drilling: Gibson zone 10.1 g/t Au over 5.8m and 10.4 g/t Au over 5.6m; Grey Fox South 4.8 g/t Au over 14.9m.
Updated Grey Fox resource estimate expected October 2025; current resource 1.538M oz Indicated at 3.64 g/t Au.
Windfall Project: new high-grade zone with 8.1 g/t Au over 8.7m, including 50.3 g/t Au, 782 g/t Ag, 15% Pb, 2.5% Zn over 1.3m.
Management targets >200K oz annual gold output and lower costs by 2026; Nevada projects advancing with private land permitting potential.
Windfall drilling aims for resource estimate by year-end 2025; tests extensions and metallurgical samples.

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