Slide 1: A New Canadian Gold Producer
TSX: HMMC OTCQX: HMMCF | HEMLOMINING.COM
Slide 2: Cautionary Note & Legal Disclaimer
Cautionary Note & Legal Disclaimer Cautionary Note This presentation is dated August 2026 and is a presentation with respect to Hemlo Mining Corp. (the “Company”, “Hemlo Mining”, or “HMMC”) and is subject to change. This presentation does not constitute an offer to sell or a solicitation of an offer
Slide 3: Q2 2026 Results: Agenda & Call Participants
Q2 2026 Results: Agenda & Call Participants 01 Quarterly Highlights Jonathan Awde Executive Chair Jason Banducci 02 Operating Results Vice President, Corporate Development & Investor Relations Jason Kosec 03 Operating Opportunities President, CEO & Director Garett Macdonald Vice President, Operation
Slide 4: Q2 2026: Strategic Milestones Advanced
Q2 2026: Strategic Milestones Advanced Q2 2026 reflected refined mine sequencing, mineral resource growth, and multiple corporate achievements Attrib. Gold Produced(1) Revenue Safety Performance 25,188 $142.5 0.0 ounces US$ million Lost Time Injury (“LTI”) Attrib. Gold Sold(1) Net Income Graduation
Slide 5: Q2 2026: Operating Results
Q2 2026: Operating Results Operations in line with management expectations as strategic initiatives continue to gain momentum Operating Metrics(1) Q2 2026 Q1 2026 YTD 2026 Operating Commentary Williams (100%) Unit • Safety: Strong quarterly performance; no environmental non- Ore processed 000t 283 2
Slide 6: Hemlo Mine: Key Opportunities
Hemlo Mine: Key Opportunities 1 Mining Sequence 2 Maximize Portal Haulage ▪ Bottom-up vs top-down to allow for C-Zone Lower ▪ New E-Zone presents E-Zone better material handling significant potential ▪ Drilling down-holes vs up-holes to ▪ Multiple mining fronts improve stope performance (dilution an
Slide 7: Hemlo Mine: De-Bottlenecking Efforts
Hemlo Mine: De-Bottlenecking Efforts Numerous opportunities identified to increase productivity across the mining operation • Implementing a modern mine dispatch system to optimize manpower and fleet utilization. • Re-engineering pastefill fence and down-hole versus up-hole drilling to accelerate mi
Slide 8: 2026 Mineral Resource Update: Highlights
2026 Mineral Resource Update: Highlights The update represents a key milestone toward updated Technical Report and mine plan targeted for H2 2027 HIGHLIGHTS: • M&I Mineral Resources (100% basis) of 96.9 Mt at 1.55 g/t Au for 4.8 Moz Au; increase of 1.2 Moz, or +34% vs. 2025. o Underground: 24.9 Mt a
Slide 9: 2026 Mineral Resource Update: Key Figures
2026 Mineral Resource Update: Key Figures 34% growth in M&I resources (+1.2 million ounces Au) from 2025 to 2026 (100% basis) Comparison of 2025 and Updated 2026 Mineral Resource Shapes 2026 M&I and Inf. Mineral Resources; 2026 Conversion Drilling Key Observations: Growth reflects impact of increase
Slide 10: 2026 Mineral Resource Update: Increased Continuity
2026 Mineral Resource Update: Increased Continuity 2026 mineral resource update demonstrates increased continuity across the deposit Underground Reserves ($1,700/oz Gold Price) Resources Shapes ($2,500/oz Gold Price) (g/t) 4.37 3.72 3.53 3.03 3.03 2.58 Underground Resource M&I Sensitivity to Inferre
Slide 11: Q2 2026: Drilling Underway
Q2 2026: Drilling Underway 130,000 m drill program underway targeting growth, resource conversion, and high-definition drilling Hemlo Mine Longitudinal and Sections(2) Growth: 30,000 m Comparison of the 2025 and 2026 Resource Grade Shells; 2026 Growth Drilling • Targets areas near existing infrastru
Slide 12: Q2 2026: Financial Results
Q2 2026: Financial Results Q2 2026 yielded strong earnings and showed a continued improvement to the balance sheet Revenue Net Income Adj. Net Income(1) Cash Net Debt(1) $142.5 $31.0 ($0.10) $27.3 ($0.09) $130.2 $19.8 US$ million US$ million (/share) US$ million (/share) US$ million US$ million Fina
Slide 13: Key Objectives & Corporate Timeline
Key Objectives & Corporate Timeline 2026 H1 2026 H2 2027 TSX Graduation Potential US Listing Corporate IBA Completed Host Site Tours Potential Index Inclusion Optimization Updated Mineral Resource Estimate R&R Sector Evaluation, Definition Drilling and Updated Technical Report with Potential for Inc
Slide 14: Q&A
Q&A TSX: HMMC | OTCQX: HMMCF 14
Slide 15: Mineral Reserves Effective December 31, 2024
MINERAL RESERVES EFFECTIVE DECEMBER 31, 2024* Proven Reserves Probable Reserves Total Proven & Probable Reserves As of December 31, 2024 Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au) Open Pit Total - - - 2
Slide 16: Mineral Resources Effective December 31, 2025
MINERAL RESOURCES EFFECTIVE DECEMBER 31, 2025* Measured Resources Indicated Resources Measured & Indicated Resources Inferred Resources As of December 31, 2025 Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained (kt) (g/t Au) (koz Au) (kt) (g/t Au) (koz Au
Slide 17: Notes to Mineral Reserves and Mineral Resources Tables
Notes to Mineral Reserves and Mineral Resources Tables: (a) notes to Mineral Reserves: ▪ The Hemlo Mineral Reserve estimate follows the CIM (2019) MRMR Best Practice Guidelines. ▪ These Mineral Reserves have been diluted based on site geotechnical recommendations and have had a mining recovery appli
Slide 18: Contact
Contact General Inquiries info@hemlomining.com Head Office 390 Bay Street, Suite 1720, Toronto, ON M5H 2Y2 Site Office ON-17, Marathon, ON P0T 2E0