Mr. Rob L'Heureux reports

METALERO PROVIDES UPDATES TO THE BENSON COPPER-GOLD PROPERTY OPTION

Metalero Mining Corp. has provided an update regarding its letter of intent with an arm's-length party dated Jan. 17, 2025, to purchase a 100-per-cent undivided interest in the 166-square-kilometre Benson project located in central British Columbia, Canada. Benson comprises 21 contiguous mineral claims 15 kilometres east of Quesnel, B.C., underlain by geology prospective for copper-gold porphyry systems.

Pursuant to the LOI, the vendor irrevocably granted to the company the sole and exclusive right and option to acquire a 100-per-cent undivided interest in the Benson property. The company may exercise the option by paying to the vendor $100,000 in cash and issuing to the vendor two million common shares of the company in instalments.

As of the date of this news release, the company has paid to the vendor an aggregate of $40,000, but has yet to issue any consideration shares. The company will pay to the vendor an additional $60,000 on or before Jan. 17, 2027, and will issue to the vendor an aggregate of two million consideration shares upon approval of the TSX Venture Exchange. The consideration shares will be issued at a deemed price equal to the market price of the common shares on the date of this news release (subject to a mandatory five-cent minimum floor price). The consideration shares will be subject to a four-month hold period pursuant to applicable securities laws once issued.

The company and the vendor will not be entering into a definitive agreement in connection with the grant of the option. Should circumstances change, the company and the vendor will evaluate whether a definitive agreement is required for the acquisition of the Benson property.

The company has completed exploration work aggregating $279,698.23 as of the date of this news release.

The option and acquisition of the Benson property, including the issuance of the consideration shares, remains subject to the approval of the TSX-V.

About Metalero Mining Corp.

Metalero is a Canadian-based junior exploration company with offices in Vancouver and Edmonton. Metalero is nearing completion of a restructuring, which has included a management change and new project focus, making its drill-ready gold assets in Nevada available for sale or option.

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