Mr. Michael Mulberry reports

MEDARO MINING COMPLETES 2023 EXPLORATION WORK ON THE RAPIDE LITHIUM PROPERTY IN QUEBEC

Medaro Mining Corp. has successfully completed the 2023 exploration fieldwork program on the Rapide lithium property, located in Val d'Or, Que., Canada.

The focal point of the 2023 work program was to build upon the discoveries made in the previous year's soil anomalies by expanding the soil grid northward and establishing two additional soil grids in both the northern and southern sectors of the property. This well-planned strategy is geared toward achieving comprehensive coverage and unlocking deeper insights for the company's exploration endeavours. The company's dedicated team meticulously collected a total of 822 soil samples, which were then dispatched to Activation Laboratories (Actlabs) in Ancaster, Ont., for thorough sample preparation and analysis.

Beyond the expansion of the soil grid, the company's fieldwork encompassed a range of activities such as prospecting, mapping and rock-chip sampling. The primary aim of these efforts was to thoroughly investigate the potential pegmatites that were found exposed during the soil sampling. Through the company's diligent work, Medaro collected a total of 34 rock-chip samples, each contributing to the company's growing knowledge base.

Medaro will mobilize a crew back to the Darlin project in the next 10 days. This will expand on the work completed the exploration work at the Darlin property announced June 6, 2023. Over 240 samples were collected and are currently at the laboratory awaiting analysis. Results will be announced when received.

Michael Mulberry, chief executive officer of Medaro, expressed his enthusiasm, stating: "The completion of the 2023 exploration at Rapide program marks a significant milestone for Medaro Mining. Our systematic approach to expanding the soil grid and investigating potential pegmatites underscores our commitment to unlocking the full potential of the Rapide lithium property. The dedication of our field crew has been integral to the success of this phase. We look forward to the insights that the analytical results will provide as we move towards shaping the future of lithium exploration in Quebec."

Medaro Mining remains dedicated to advancing the exploration and development of the Rapide lithium property, with an unwavering commitment to responsible and sustainable mining practices.

The soil samples were taken at predetermined station IDs using a Garmin GPS (Global Positioning System) to obtain approximately three-metre accuracy, where approximately 500 grams of material were selected when a B soil horizon was present. All the samples were bagged and tagged using best practices and were delivered to Activation Laboratories (Actlabs) in Ancaster, Ont., for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2). Actlabs is an independent commercial, accredited ISO-certified (International Organization for Standardization) laboratory.

Medaro Mining will provide regular updates on the progress of the exploration fieldwork program as significant milestones are achieved. Stakeholders and interested parties are encouraged to follow the company's news releases and website for the latest information.

Qualified person

Afzaal Pirzada, PGeo, a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About Medaro Mining Corp.

The company is a lithium exploration company based in Vancouver, B.C., and holds options over the Superb Lake lithium property located in Thunder Bay, Ont.; the Lamotte, Darlin, Rapide, Pontax and CYR South lithium properties in Quebec; and the Yurichson uranium property in the Athabasca basin in Saskatchewan. The company is a party to a joint venture agreement that engages the company in the development and commercialization of a new process to extract lithium from spodumene concentrate.

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