Mr. Gabriel Alonso-Mendoza reports

MEDALLION ANNOUNCED BOARD CHANGES

Rod McKeen and Andrew Morden have resigned from Medallion Resources Ltd.'s board of directors, effective immediately. Mark Saxon, a current director, will assume the role of chairman. The company also announces the appointment of John C. (J.C.) Cunningham as director.

Mr. Cunningham currently serves as the president of VLP Inc., a renowned consulting firm specializing in navigating the intricacies of the public markets. Under his stewardship, VLP Inc. has earned a reputation as a trusted partner for companies seeking to optimize their performance, achieve strategic objectives and enhance shareholder value.

The company sincerely thanks Mr. McKeen and Mr. Morden for their invaluable contribution over many years, and wishes them all the best in their future endeavours.

Gabriel Alonso, chief executive officer, commented: "Both personally and on behalf of the Medallion board, I thank Rod and Andrew for their tireless support of the company over the past decade. I welcome J.C. to the board as we embark on a new phase of growth."

About Medallion Resources Ltd.

Medallion Resources has developed a proprietary process and related business model to achieve low-cost extraction of rare earth elements from monazite, a phosphate mineral that is a common byproduct of heavy mineral sand operations.

Rare earth elements are critical inputs to electric and hybrid vehicles, robotics, electronics, imaging systems, wind turbines, and strategic defence systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes the life cycle assessment methodology to support investment and process decision making.

We seek Safe Harbor.