Mr. Michael Mulberry reports

MEDARO MINING ANNOUNCES SHARES FOR DEBT SETTLEMENT

Medaro Mining Corp. has agreed to settle $87,777 of debt owing to a certain creditor by issuing 501,582 common shares in the capital of the company at a deemed price of 17.5 cents per share. No warrants will be issued in connection with the debt settlement.

The debt settlement will not create a new control person nor are any insiders participating in the settlement. The company believes it is in the best interests of its shareholders to reduce the amount of indebtedness while preserving cash and improving its financial position.

The debt settlement transaction is subject to the approval of the Canadian Securities Exchange and, pursuant to the policies of the CSE, the shares are subject to a hold period of four months from the date of issuance.

About Medaro Mining Corp.

The company is an exploration company based in Vancouver, B.C., and holds options over: the Superb Lake lithium property located in Thunder Bay, Ont.; the Darlin, Rapide and the CYR South lithium properties in Quebec; and the Yurichson uranium property in the Athabasca basin of Saskatchewan. The company owns 100 per cent of the current Lac Lamotte claim block. The company is a party to a joint venture agreement that engages the company in the development and commercialization of a new process to extract lithium from spodumene concentrate.

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