04:08:49 EST Wed 21 Jan 2026
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Madoro Metals Corp
Symbol MDM
Shares Issued 91,046,716
Close 2026-01-20 C$ 0.04
Market Cap C$ 3,641,869
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Madoro starts airborne magnetic survey in Decelles

2026-01-20 17:59 ET - News Release

Mr. Brian Ostroff reports

MADORO INITIATES AIRBORNE MAGNETIC SURVEY OVER FIRST GREEN MINERAL PROJECT IN QUEBEC'S EMERGING DECELLES LITHIUM CAMP IN COLLABORATION WITH NEIGHBOURING NARROW RIVER RESOURCES

Madoro Metals Corp. has signed a contract with Prospectair Geosurveys Inc. of Gatineau, Que., to complete an airborne magnetic survey over the company's First Green lithium mineral project in the Decelles lithium camp in the Abitibi Temiscamingue region, approximately 75 kilometres southwest of Val d'Or, Que.

To obtain a larger, regional picture and avoid duplication of effort, Madoro is collaborating with its neighbour to the southeast, Narrow River Resources Pty. Ltd. (NRR) of Australia, whose Quebec mineral project is contiguous with Madoro's First Green lithium mineral project. The combined survey will cover an area of approximately 387 square kilometres and will allow both companies to examine regional structural trends and lithological contrasts that will be important in interpreting geological conditions favourable for the occurrence of lithium-bearing pegmatites and other critical minerals.

"Quebec has gained a well-deserved reputation for hard rock lithium discoveries, with several being of a world-class scale," said Brian Ostroff, executive chairman of Madoro. "The emerging Decelles camp has shown some preliminary successes but, as of yet, has not been widely explored. The forthcoming airborne survey will allow us to further our preliminary work on our mineral project and by collaborating with our neighbour, NRR, it will provide the ability to cover a much larger area, share the information and allow both companies to generate specific areas of interest to target further exploration and drilling."

The First Green lithium and NRR mineral projects lie directly north and adjacent to the Tansim mineral project held by Elevra Lithium Ltd. (Australian Securities Exchange: ELV) (previously Sayona Mining) and southwest of the Decelles mineral project held by Power Metals Corp. (TSX Venture Exchange: PVM).

Qualified person

John Langton (PGeo), who is a qualified person (QP) as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the contents and technical disclosure in this press release.

About Madoro Metals Corp.

Madoro Metals is an emerging resource company engaged in the evaluation, acquisition and exploration of mineral projects in Canada and Mexico. Madoro holds an option to acquire 100-per-cent interest in the First Green lithium mineral project located in the emerging Decelles lithium camp in the Abitibi Temiscamingue region, approximately 75 kilometres southwest of Val d'Or, Que.; a 50-per-cent interest in the Ralleau mineral project in the Urban Barry district, Lebel-sur-Quevillon area of Quebec; and a 100-per-cent interest in the Cerro Minas mineral project in Oaxaca, Mexico.

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