Mr. Mark Ireton reports

MEDARO ANNOUNCES CLOSING OF LIFE PRIVATE PLACEMENT OFFERING

Further to its news release on Dec. 8, 2025, Medaro Mining Corp. has closed its LIFE (listed issuer financing exemption) private placement offering, issuing a total of 3,742,786 units of the company at a price of 14 cents per unit for aggregate gross proceeds of approximately $523,990.04.

Each unit consists of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one share at an exercise price of 17 cents for a period of 24 months from the date of issuance, provided the warrants may not be exercised for a period of 60 days from the date of issuance.

The units were issued on a private placement basis pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended and supplemented by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Accordingly, the units will not be subject to a hold period in accordance with applicable Canadian securities laws.

In connection with the offering, the company paid an aggregate $2,940 in cash finders' fees and issued 21,000 finder warrants to Research Capital Corp. (RCC) and paid an aggregate $3,430 in cash finders' fees and issued 24,500 finder warrants to Ventum Financial Corp.

In connection with the use of proceeds from the offering, the company immediately paid $35,000 in cash to Treewalk Ventures Inc., a consulting company controlled by Alexander McAulay, the company's chief financial officer, to partially settle an outstanding and bona fide debt. Following this payment and the cash finders' fees payable to RCC and Ventum, the company received aggregate net proceeds of approximately $482,620.04, which it intends to use to advance exploration activities at its Pontax and Cyr South lithium properties as well as for general corporate purposes and administrative expenses.

Related party transaction disclosure

Participation in the offering by Treewalk, a consulting company controlled by Mr. McAulay, the company's chief financial officer, constitutes a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Treewalk acquired 250,000 shares in the offering, and, in connection with the use of proceeds, the company immediately applied $35,000 of the gross proceeds to partially settle an outstanding and bona fide debt owing to Treewalk. The company is relying on the exemptions from the formal valuation requirement under Section 5.5(b) of MI 61-101 and the minority approval requirement under Section 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities issued to Treewalk nor the fair market value of the debt settlement exceeds 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days before the closing of the offering and related debt settlement as the details of the participation by Treewalk and the debt repayment were not confirmed until shortly before closing, and the company determined that it was necessary to close the offering expeditiously.

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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