Mr. Rob L'Heureux reports

METALERO CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT

Metalero Mining Corp. has closed its non-brokered private placement, previously announced on Feb. 12, 2026. Metalero issued 3,333,331 common shares at a price of 15 cents per share, for total gross proceeds of $499,999.65.

In connection with the sale of these shares, Metalero paid a total of $12,000 in cash and issued 79,999 non-transferable finders' warrants to eligible finders for certain of the shares sold. Each finder's warrant entitles the holder to purchase one common share of Metalero at a price of 15 cents per share, for up to two years from the date of issuance.

The net proceeds from the offering are intended to finance continuing exploration and development activities on the issuer's mineral properties and for general working capital purposes. All securities issued are subject to a hold period until July 18, 2026.

One insider participated in the offering, acquiring a total of 334,000 units. Such subscription by the insider of Metalero for a portion of the offering constitute a related party transaction for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but the company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the subscription, insofar as it involves the insider of the company, does not exceed 25 per cent of the market capitalization of the issuer, as determined in accordance with MI 61-101. The offering did not result in the creation of a new control person.

For additional information with respect to this offering, please refer to Metalero's news release dated Feb. 12, 2026, available for viewing on Metalero's SEDAR+ profile.

About Metalero Mining Corp.

Metalero Mining is a Canadian-based junior exploration company focused on copper and gold projects in North America. Its 173-square-kilometre, road-accessible Benson project serves as Metalero's flagship, and is host to five prospects containing gold and copper within porphyry-related mineralized systems.

Metalero is part of the Metals Group of Companies, managed by exploration professionals who stand for technical excellence, robust project selection and strong corporate governance, with a proven ability to identify and capitalize on investment opportunities and deliver shareholder returns.

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