Mr. Dusan Berka reports

MADORO DISCOVERS LITHIUM-BEARING PEGMATITES ON FIRST GREEN PROPERTY, QUEBEC

A first-pass prospecting and sampling program on Madoro Metals Corp.'s 213-claim, 12,325-hectare First Green lithium property has resulted in the discovery of a potential swarm of lithium-bearing pegmatite dikes. The property is located approximately 75 kilometres southwest of Val d'Or in the Abitibi-Temiscamingue region of Quebec, within a rapidly emerging lithium belt where large mineral claim holdings have been assembled by Brunswick Exploration Inc., Narrow River Resources Pty. Ltd., Sayona Quebec Inc., Renforth Resources Inc., Vison Lithium Inc. and Winsome Resources Inc.

A network of forest-harvesting operation roads provides good access to the property and has helped expose many new outcrops. The inaugural 10-day exploration program was implemented to obtain a fundamental understanding of the geological environment underlying the property.

A dike swarm was discovered on the last day of fieldwork in an area of dense moss and tree cover, so only five grab samples were collected over a 1,500-metre-by-250-metre area in the central part of the property. Further surface work is required to better expose bedrock in this area.

Geochemical analyses of the five grab samples show elevated levels of lithium, as well as rubidium, cesium, beryllium and tantalum -- all good pathfinder elements. Three of the samples have K/Rb (potassium/rubidium) ratios less than 160 and two of these have ratios less than 60, indicating that the dikes are highly fractionated and therefore favourable for lithium mineralization. It is rare for fractionated pegmatite dikes to have K/Rb ratios below 160, so these initial samples from the dike swarm are very significant.

"We are very pleased with the results of the first-pass prospecting program considering its limited scope," stated Dusan Berka, Madoro's president and chief executive officer. "This is the first time that the property has been explored and sampled for lithium and we are now determining next steps to follow up on these highly encouraging results."

The property's proximity to the mining centres of Malartic and Val d'Or allows for low-cost exploration work. Quebec is a strong supporter of exploration, production and processing of critical strategic minerals (CSM), including lithium, and developing value-added industries such as battery and electric vehicle manufacturing. In 2021, a special program to support CSM exploration was set up. This is in addition to existing refundable tax credits up to 38.8 per cent for junior mineral exploration companies, and 69.4-per-cent flow-through tax savings for investors in Quebec and 38.4 per cent for investors from the rest of Canada.

About Madoro Metals Corp.

Madoro is an emerging resource company engaged in the evaluation, acquisition and exploration of mineral properties in Mexico and Canada. The company is engaged in the exploration of three gold-silver projects in the state of Oaxaca, Mexico. The Yautepec, Magdalena and Rama de Oro projects each consist of large epithermal systems that are highly prospective for precious metals in a structural and geologic setting like those of nearby producing mines. Madoro also owns a 50-per-cent interest in the Ralleau mineral property in the Urban Barry district, Lebel-sur-Quevillon area of Quebec, and has an option to earn a 100-per-cent interest in the First Green lithium project southwest of Val d'Or, Que.

Quality assurance/quality control and qualified person

The scientific and technical information that forms the basis for parts of this press release was reviewed and approved by John Langton, PGeo, who is a qualified person (QP) as defined by National Instrument 43-101.

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