Mr. Faizaan Lalani reports

MEDARO MINING ANNOUNCES SHARE CONSOLIDATION

Medaro Mining Corp. will consolidate its common shares on the basis of five preconsolidation common shares for one postconsolidation common share.

The company anticipates its common shares will commence trading on a postconsolidation basis on the Canadian Securities Exchange at market open on May 9, 2025. The new Cusip number for the postconsolidation common shares will be 58404N307, and the new ISIN will be CA58404N3076. The name of the company and trading symbol will remain the same after the consolidation.

The company currently has 18,239,295 common shares issued and outstanding. Following the consolidation, the company expects to have 3,647,861 common shares issued and outstanding, subject to any rounding variance. No fractional common shares will be issued pursuant to the consolidation. As a result of the consolidation, if a shareholder of the company becomes entitled to receive a fraction of a common share, each fractional common share that is less than one-half of a common share will be cancelled, and each fractional common share that is at least one-half of a common share will be rounded up to the nearest whole number and no cash consideration will be paid in respect of cancelled fractional common shares.

The exercise price and number of common shares issuable upon the exercise of any outstanding securities convertible into common shares will be proportionately adjusted to reflect the consolidation.

As no common shares are currently held in certificate format, a letter of transmittal will not be provided to shareholders, and no action need be taken by shareholders. Registered shareholders holding direct registration system statements will receive new DRS statements representing postconsolidation common shares directly from the transfer agent of the company. Common shares held by shareholders through a broker or other intermediary will also be consolidated with no action required by the shareholder.

Pursuant to the provisions of the Business Corporations Act (British Columbia) and the articles of the company and in accordance with the policies of the CSE, the consolidation was initially approved by shareholders at the annual general meeting of shareholders held April 23, 2025, and, subsequently, by way of resolutions passed by the board of directors of the company. The consolidation and the date the postconsolidation common shares commence trading on the CSE remain subject to the approval of the CSE, and a bulletin will be issued by the CSE upon acceptance.

About Medaro Mining Corp.

Medaro is a lithium exploration company based in Vancouver, B.C., and holds options over the Darlin, Rapide, Lac La Motte and CYR South lithium properties in Quebec. The company owns the James Bay Pontax project in Quebec.

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