Mr. Brian Ostroff reports

MADORO METALS ANNOUNCES FULLY-ALLOCATED PRIVATE PLACEMENT FINANCING

Madoro Metals Corp. is proceeding on a non-brokered private placement of 15 million units in the capital of the company at a price of two cents per unit for aggregate gross proceeds of $300,000. The company anticipates closing the offering in the near term.

Each unit purchased will include one common share and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of two years at a price of five cents per common share.

The company intends to use the proceeds raised from the offering toward exploration expenditures on its existing properties, as well as working capital purposes. The company may pay finders' fees in accordance with the policies of the TSX Venture Exchange.

The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the offering 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.

About Madoro Metals Corp.

Madoro (TSX Venture Exchange: MDM and OTC: MSTXF) is an emerging resource company engaged in the evaluation, acquisition and exploration of mineral properties in Mexico and Canada. Madoro owns a 100-per-cent interest in the Cerro Minas property in Oaxaca, Mexico, a 50-per-cent interest in the Ralleau mineral property in the Urban Barry district, Lebel-sur-Quevillon area of Quebec, and an option to acquire a 100-per-cent interest in the First Green lithium property located in the emerging Cadillac-Pontiac lithium camp in the Abitibi Temiscamingue region, approximately 75 kilometres southwest of Val d'Or, Que.

We seek Safe Harbor.