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TORONTO, July 06, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited ('McFarlane” or the 'Company”) (CSE: MLM, OTC: MLMLF, FRA: W2Z) is pleased to announce that it has received exercise instructions from holders of an aggregate of 41,507,200 common share purchase warrants (the 'Warrants”) at an exercise price of C$0.15 per Warrant, which are expected to result in aggregate exercise funds of C$6,226,080 (the 'Exercise Process”). Upon completion of the Exercise Process and receipt of the applicable exercise funds, the Company expects to issue an aggregate of 41,507,200 common shares (the 'Shares”) in respect of the exercised Warrants.