Mr. Mark Ireton reports

MEDARO MINING GRANTS STOCK OPTIONS AND RSRS AND ANNOUNCES COMPLETION OF ASSIGNMENT AGREEMENT

Medaro Mining Corp. has granted an aggregate of 400,000 stock options and 170,000 restricted share rights to certain advisers and directors of the company pursuant to the company's stock option plan.

The options will vest as follows: 33 per cent on the date that is four months following the date of grant, 33 per cent on the date that is eight months following the date of grant and the remaining 33 per cent on the date that is 12 months following the date of grant. Each option is exercisable, for a period of three years following the date of grant, to acquire one common share of the company at an exercise price of 39 cents per common share.

The RSRs will vest 100 per cent on the date that is four months following the date of grant.

The company also announces that, further to its news release dated Jan. 13, 2026, it has fulfilled its obligations under the assignment agreement dated Jan. 12, 2026, by paying the cash consideration in the amount of $35,000 and issuing an aggregate of 269,047 common shares of the company.

The company now holds the option to acquire a 100-per-cent interest in certain mineral claims located in the province of Ontario and known as the Clay Howells project, subject to a production royalty.

To complete the exercise of the option, the company is required to pay the optionors of the property: (i) $20,000 on or before Aug. 13, 2026; (ii) $30,000 on or before Aug. 13, 2027; and (iii) $38,000 on or before Aug. 13, 2028. If the option is exercised, the optionors will retain a 1.5-per-cent net smelter return royalty. The company will maintain the right, at any time, to purchase one-third of the royalty (leaving the optionors with an aggregate 1.0-per-cent net smelter returns royalty) for a one-time payment of $500,000.

All securities issued in connection with the option and RSR grants and the consideration shares are subject to a statutory hold period of four months and one day in accordance with applicable Canadian 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.