Mr. Faizaan Lalani reports

MEDARO MINING ANNOUNCES CLOSING OF SECURITIES FOR DEBT TRANSACTIONS

Further to its news release dated May 30, 2025, Medaro Mining Corp. has closed the securities for debt settlement transactions with certain creditors who are insiders of the company.

Pursuant to the transactions, 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 comprise 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 transactions constitute related party transactions as defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, as companies controlled by an officer and a director of the company have received 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 transactions, which the company deems reasonable.

The securities were issued in reliance on the employee, executive officer, director and consultant exemption contained in Section 2.24 of National Instrument 45-106, Prospectus Exemptions, and, as such, are not subject to a restricted period on resale.

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.

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