Mr. Michael Mulberry reports

MEDARO MINING PROVIDES UPDATE ON LAC LA MOTTE PROJECT

Medaro Mining Corp. has completed an in-depth mapping and geochemical exploration program at its 15 100-per-cent-owned claims on the southwest area of Lac La Motte, south of Amos, in the Abitibi region of Quebec.

The recently acquired claims (see the company's news release dated Oct. 10, 2023) start 5.5 kilometres along a rural route road off Highway 109, 26 km south of the town of Amos, Que., and lie on the southwest corner of the lake area and north along the west side of the lake. The owned Lac La Motte claims differ from the claims the company had originally optioned at Lac La Motte, in that the latter lie on the southeast corner of the lake, accessed along Highway 111. The discovery of large pegmatite outcrops on the new owned Lac La Motte claims was the catalyst to shifting focus to the new claims.

Using both traditional sampling and also a Shaw backpack drill, Medaro's crew tested all the recently discovered pegmatite outcrops for spodumene and other trace elements. Drilling test holes with BQ-sized bits, the crew was able to drill a series of up to 10 feet long core. In addition, traditional rock sampling was conducted on quartz outcropping running perpendicular to the pegmatite outcrop. Observations showed indications of significant base metals. Both the drill and rock samples will be logged and analyzed in the company's core shack in Amos and sent to Actlabs in Val d'Or for assay.

Michael Mulberry, chief executive officer of Medaro, states: "Medaro is excited for the prospect of a new discovery at Lac La Motte. Not only are the owned Lac La Motte claims in a prolific mining area, but the logistics of the property itself make for an exciting opportunity, given the claims are equidistant to Amos and Val d'Or, giving Medaro access to world-class drilling companies, suppliers and workers. This, coupled with our positive discussions with land owners, bodes well for future exploration and diamond drilling on the project."

In addition, the company announces that it has terminated its option agreement with Fayz Yacoub, respecting Mr. Yacoub's property at Lac La Motte. The company wishes to, instead, focus on the owned Lac La Motte claims. Management at Medaro wishes to thank Mr. Yacoub for his professionalism in all his dealings with the company.

Qualified person

Afzaal Pirzada, PGeo, a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.

About Medaro Mining Corp.

Medaro Mining is a lithium exploration company based in Vancouver, B.C., which holds options over the Darlin, Rapide and Cyr lithium projects located in Quebec and the Yurchison uranium property located in Northern Saskatchewan and owns the Pontax and Lac La Motte properties located in Quebec and the Superb Lake property, located in Ontario. Medaro is also involved in the development and commercialization of a new process to extract lithium from spodumene concentrate through its global lithium extraction technologies joint venture.

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