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Vancouver, BC – TheNewswire - December 4, 2025 – Mercado Minerals Ltd. (CSE: MERC) ("Mercado " or the "Company ") is pleased to announce the closing of its non-brokered private placement financing (the "Offering "). In connection with closing of the Offering, the Company issued 5,025,000 (each, a "Unit ") at a price of C$0.20 per Unit for gross proceeds of C$1,005,000. The Offering included participation and a strategic investment from an institutional fund. After the close of this Offering Mercado is 19.90% held by strategic and institutional investors.

Each Unit consists of one common share of the Company (each, a "Common Share ") and one half of one Common Share purchase warrant (each whole warrant, a "Warrant "). Each Warrant is exercisable to acquire an additional Common Share (a "Warrant Share ") at a price of C$0.35 until December 4, 2028.

Finder’s fees of $70,350 were paid in cash and 351,750 finder’s warrants were issued to certain eligible parties in connection with closing of the Offering. Each finder’s warrant is exercisable at C$0.35 until December 4, 2028. All securities issued with respect to the Offering are subject to a four month and a day hold period expiring on April 5, 2026.

Proceeds from the Offering will be allocated towards several initiatives, including exploration of the recently acquired properties Copalito and Zamora, acquisition costs, the generation of new project acquisitions, investor relations programs, and general corporate working capital.

The Company has entered into an investor relations agreement effective December 4, 2025 (the “Ora IR Agreement ”) with Ora IR Services Inc. (“Ora IR ”), an arms-length British Columbia-based investor communications and media firm. Under the agreement, Ora IR will provide a full suite of investor relations services, including responding to investor inquiries, handling the company's investor phone line, preparing shareholder communications, co-ordinating investor outreach initiatives, and supporting Mercado’s market visibility and engagement efforts across multiple platforms. Pursuant to the terms of the Ora IR Agreement, such marketing services are to be provided over a 3-month period, for a total fee of C$15,000 plus applicable taxes.  The Company does not anticipate issuing any securities to Ora IR in connection with their engagement and, to the knowledge of the Company, neither Ora IR nor its principals have any interest, directly or indirectly, in the Company or its securities.  Ora IR can be contacted at www.orairservices.com or geoff@orairservices.com

The Company has entered into a services agreement effective December 4, 2025 (the “CanaCom Agreement ”) with 2686362 Ontario Corporation dba CanaCom Group (“CanaCom Group ”), an arms-length party, pursuant to which CanaCom Group has agreed to provide digital content, marketing and media distribution services to the Company. Pursuant to the terms of the CanaCom Agreement, such marketing services are to be provided over a 12-month period, for a total fee of C$100,000 plus applicable taxes. CanaCom Group is a full-service marketing agency based in Oakville, Ontario and is headed by Jordan Lutz. CanaCom Group provides digital marketing awareness via advertising through its fully owned platform theDeepDive.ca, which includes both video and written content coverage of Canadian small-cap stories.  The Company does not anticipate issuing any securities to CanaCom Group in connection with their engagement and, to the knowledge of the Company, neither CanaCom Group nor its principals have any interest, directly or indirectly, in the Company or its securities.  CanaCom Group can be contacted at www.thedeepdive.ca or admin@thedeepdive.ca.

About Mercado Minerals Ltd.

Mercado Minerals Ltd. (CSE: MERC) is a company involved in the business of acquiring and exploring mineral properties in the Americas. Mercado has been primarily involved in the exploration and evaluation of the Porter Property, located within the Alberni Mining Divisions of British Columbia.

For further information, contact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: drodriguez@mercadominerals.com

John Fraser
VP Business Development & Director
Phone: (604) 838-7677
Email: jfraser@mercadominerals.com

Forward-Looking Statement (Safe Harbor Statement):

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate," "plan," "continue," "expect," "estimate," "objective," "may," "will," "project," "should," "predict," "potential" and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company’s exploration plans and the intended use of proceeds from the Offering.  Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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