Medaro Mining Amends Yurchison Uranium Property Option Agreement
MEDARO MINING AMENDS YURCHISON URANIUM PROPERTY OPTION AGREEMENT
May 1, 2024 – Vancouver, B.C. – Medaro Mining Corp. (CSE: MEDA OTC:MEDAF FWB:1ZY) (“Medaro” or
the “ Company”) is pleased to announce that it has amended its option agreement (as amended, the
“Amended Option Agreement”) with Skyharbour Resources Ltd. (“ Skyharbour”) dated November 1,
2021, as amended on November 14, 2023, pursuant to which the Company holds an option to acquire a
100% interest in the Yurchison uranium property located in the Wollaston Domain of Northern
Saskatchewan (the “Property”). The Company paid Skyharbour a fee of $2,500 in consideration for the
amendment.
Pursuant to the Amended Option Agreement , the Company must make and incur the following
outstanding cash payments, share issuances, and exploration expenditures to satisfy its earn -in
obligations:
(i) issue Skyharbour 825,000 common shares in the capital of the Company (the “ Shares”) at a
deemed price of $0.40 per Share, on or before May 2, 2024;
(ii) pay Skyharbour $250,000 in cash and incur $1,500,000 in exploration expenditures on the
Property by May 1, 2025; and
(iii) pay Skyharbour $250,000 in cash, issue Skyharbour $1,670,000 worth of Shares, and incur
$3,000,000 in exploration expenditures on the Property by November 1, 2025. The 20 -day
volume weighted average price will be used in calculating the value of any Shares issued.
On Behalf of the Board of Directors
Michael Mulberry
CEO & Director
About the Company
The Company is a lithium exploration company based in Vancouver, BC, and holds options over the Darlin,
Rapide, Lac La Motte and CYR South lithium properties in Quebec and the Yurichson Uranium property in
the Athabasca basin in Saskatchewan. The Company owns the James Bay Pontax Project in Quebec. The
Company is a party to a joint venture agreement that engages the Company in the development and
commercialization of a new process to extract lithium from spodumene concentrate.
For more information, investors should review the Company’s filings that are available at www.sedar.com.
Contact Information
778-837-7191
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities
laws. All statements that are not historical facts, including without limitation, statements regarding future
estimates, plans, programs, forecasts, p rojections, objectives, assumptions, expectations or beliefs of
future performance, including statements regarding the acquisition of the Property and the Company’s
earn-in obligations under the Amended Option Agreement , are "forward-looking statements." T hese
forward-looking statements reflect the expectations or beliefs of management of the Company based on
information currently available to it. Forward -looking statements are subject to a number of risks and
uncertainties, including those detailed from time to time in filings made by the Company with securities
regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the
forward-looking statements. These factors should be considered carefully, and readers are cautioned not
to place undue reliance on such forward -looking statements. The forward -looking statements and
information contained in this news release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward -looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the
adequacy or accuracy of this release.