Mr. Mark Ireton reports

MEDARO ANNOUNCES PRIVATE PLACEMENT

Medaro Mining Corp. intends to complete a non-brokered private placement of up to 3,333,333 units at a price of 30 cents per unit and up to 657,894 flow-through units at a price of 38 cents per flow-through unit for aggregate gross proceeds of up to $1.25-million.

Each unit is to comprise one common share and one common share purchase warrant, with each warrant exercisable into one common share at a price of 45 cents per share for a period of 24 months from the date of issuance. Each flow-through unit is to comprise one common share to be issued on a flow-through basis under the Income Tax Act (Canada) and one common share purchase warrant exercisable into one non-flow-through common share at a price of 55 cents per share for a period of 24 months from the date of issuance.

Proceeds from the sale of the units are intended to be used for general working capital purposes, including to finance exploration work on the recently staked Sweden property and the Clay Howells REE (rare earth element) property located in Ontario. Proceeds from the sale of the flow-through units are intended to be used to incur Canadian exploration expenses as defined in the Income Tax Act (Canada).

The company may pay finders' fees in connection with the private placement. All securities to be issued under the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange. Completion of the private placement is subject to certain conditions, including the receipt of all necessary approvals, including the approval of the CSE.

About Medaro Mining Corp.

Medaro is a mineral exploration company focused on the acquisition and advancement of high-quality mineral projects in Ontario, Quebec and Sweden. The company's strategy is to build shareholder value through systematic exploration, disciplined project evaluation and responsible development.

We seek Safe Harbor.