Mr. Daniel Rodriguez reports

MERCADO MINERALS CLOSES SUBSEQUENT PRIVATE PLACEMENT AND INCREASES INSTITUTIONAL OWNERSHIP

Mercado Minerals Ltd. has closed its non-brokered private placement financing. In connection with closing of the offering, the company issued 5,025,000 at a price of 20 cents per unit for gross proceeds of $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 per cent held by strategic and institutional investors.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant is exercisable to acquire an additional common share at a price of 35 cents until Dec. 4, 2028.

Finders' fees of $70,350 were paid in cash and 351,750 finders' warrants were issued to certain eligible parties in connection with closing of the offering. Each finder's warrant is exercisable at 35 cents until Dec. 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 toward 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 Dec. 4, 2025 (the Ora IR agreement), with Ora IR Services Inc., an arm's-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 three-month period, for a total fee of $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.

The company has entered into a services agreement effective Dec. 4, 2025, with 2686362 Ontario Corp. doing business as Canacom Group, an arm's-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 $100,000 plus applicable taxes. Canacom Group is a full-service marketing agency based in Oakville, Ont., and is headed by Jordan Lutz. Canacom Group provides digital marketing awareness via advertising through its fully owned Deep Dive website, 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.

About Mercado Minerals Ltd.

Mercado Minerals 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.

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