Mr. Mark Ireton reports

MEDARO ANNOUNCES PRIVATE PLACEMENT FINANCING

Medaro Mining Corp. intends to complete a non-brokered private placement offering of up to 4,062,500 common shares of the company at a price of eight cents per share for gross proceeds of up to $325,000.

The company may pay finders' fees to eligible finders in connection with the private placement in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation in Canada. The private placement is subject to all necessary corporate and regulatory approvals. The company intends to use the net proceeds from the private placement for potential acquisitions and working capital.

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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