Mr. Faizaan Lalani reports

MEDARO MINING ANNOUNCES SECURITIES FOR DEBT SETTLEMENT

Medaro Mining Corp. has entered into securities for debt settlement agreements with certain creditors who are insiders of the company.

Pursuant to the agreements, the company has agreed to settle debts in the aggregate amount of $68,400 through the issuance of 684,000 units at a deemed price of 10 cents per unit, whereby each unit shall be comprised one common share in the capital of the company and one share purchase warrant. Each warrant will be convertible into an additional share at an exercise price of 11 cents per warrant share and will expire on the date that is two years following the date of issuance.

The agreements constitute related party transactions as defined in Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions (MI 61-101), as companies controlled by an officer and a director of the company will receive the units. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(g) and 5.7(1)(e) of MI 61-101, as the company is in financial difficulty and the transactions are designed to improve the financial position of the company. The company did not file a material change report in respect of the related party transactions at least 21 days before the closing of the agreements, which the company deems reasonable.

The agreements and the issuance of the securities thereunder are subject to the approval of the Canadian Securities Exchange. The securities will be subject to a hold period of four months and one day pursuant to applicable securities laws.

About Medaro Mining Corp.

Medaro Mining is a lithium exploration company based in Vancouver, B.C. The company owns the James Bay Pontax project and the CYR South lithium properties in Quebec.

We seek Safe Harbor.