Mr. Michael Mulberry reports

MEDARO ANNOUNCES SHARES FOR DEBT TRANSACTION

Medaro Mining Corp. has settled a debt of $297,682 owing to creditors of the company through the issuance to the creditors of an aggregate of 3,166,826 common shares at a price of 9.4 cents per share.

The company completed the shares-for-debt transaction to improve its financial position by reducing its existing liabilities. All shares issued by the company to the creditors are subject to a four-month-and-one-day hold period.

About Medaro Mining Corp.

The company is an exploration company based in Vancouver, B.C., and holds options over the Darlin, Rapide, Lac La Motte and CYR South lithium properties in Quebec and the Yurchison uranium property in the Athabasca basin, Saskatchewan. The company owns the James Bay Pontax project in Quebec and the Superb Lake lithium property located in Thunder Bay, Ont. 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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