Mr. Mark Ireton reports

MEDARO MINING ANNOUNCES EXPLORATION PROGRAM AT BASTNÄS PROJECT IN SWEDEN

Medaro Mining Corp. plans to conduct a geological exploration program at the company's Bastnas project in Sweden. The company has entered into an exploration services agreement with McKnight Resources AB to support execution of the program. Field activities are expected to commence on or about March 20, 2026, subject to local conditions and logistics.

Exploration program -- scope of work

The program is designed to advance the company's understanding of the project's rare-earth element (REE), copper, cobalt, gold and base-metal potential through systematic fieldwork and targeted data acquisition. The program is expected to integrate geological mapping, prospecting, sampling and geophysical surveying, followed by laboratory analysis and interpretation to refine and prioritize targets for potential follow-up work.

• Reconnaissance and detailed geological mapping, with a focus on lithological contacts, alteration, structural controls and historical workings.
• Targeted sampling of historic mine waste/dump material and accessible outcrops to evaluate geochemical signatures and potential REE enrichment.
• Prospecting and follow-up rock sampling and, where appropriate, select soil/till sampling to expand target areas and identify additional mineralized trends.
• Ground geophysical surveys (including magnetic and gravity data acquisition) to assist in delineating structures and prospective zones.
• Laboratory analysis of collected samples at accredited facilities and compilation of results into a consolidated geological and geochemical data set.
• Integrated interpretation and reporting to support target ranking and planning for subsequent exploration programs.

The company's objective is to generate geological observations and analytical data to support target definition and evaluation of potential follow-up work.

Bastnas project -- background and opportunity

The project comprises two exploration permit areas, Bastnas 100 (approximately 263.68 hectares) and Bastnas 200 (approximately 866.60 hectares), for a combined area of approximately 1,130.28 hectares. The exploration permits were issued by Bergmastaren at Bergsstaten (the Swedish Mining Inspectorate) under Sweden's Minerals Act (1991:45) and are valid for a three-year term expiring in February, 2029. The permits apply to a range of concession minerals referenced in the permit applications, including gold, silver, copper, lead, zinc, cobalt, scandium, yttrium, and lanthanum and lanthanides.

The project is located within the broader Riddarhyttan-Bastnas district, an established mineral region with historical mining and documented mineral occurrences. The district is considered prospective for multiple mineralization styles, including iron-oxide-copper-gold (IOCG), volcanogenic massive sulphide (VMS)/massive sulphide-style and Bastnas-type skarn-hosted magnetite-REE mineralization. Mineralization styles being evaluated at the project include: (i) sulphide mineralization interpreted to be structurally remobilized and tectonically controlled, based on historical information and district-scale geological interpretation; and (ii) skarn-hosted magnetite-REE mineralization associated with historical workings and banded iron formation occurrences.

The broader district has a long history of mining and exploration, including historical copper production and recorded mining of REE-bearing material at Bastnas. Previous operators have reported drilling and other exploration work in parts of the district, including a 2019 drill program reported to total 5,568 metres in 15 drill holes. The company notes that references to nearby mineral occurrences, historical production and historical exploration results are provided for regional and geological context only and have not been verified for the project.

The company has compiled and reviewed publicly available historical information referenced herein. Historical information is provided for context and should not be relied upon; a qualified person has not verified the historical sampling, analytical and drilling information referenced in this news release, and such information is not necessarily indicative of the mineralization on the project.

Qualified person

Amanda Scott, PGeo, FAusIMM, a qualified person as defined under 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.

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.