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MERC.CN ·

Mercado Minerals Announces Appointment of New Director

Management Changes

MERCADO MINERALS LTD. Trading Symbol (CSE: MERC)

615-625 Howe Street,

Vancouver, BC

Canada, V6C 2T6

Tel: 604-353-4080

www.mercadominerals.com

Mercado Minerals Announces Appointment of New Director

Vancouver, BC, January 16, 2025 – Mercado Minerals Ltd. (CSE: MERC) (" Mercado" or the

"Company") is pleased to announce the appointment of Barry Devlin to the Board of Directors with

immediate effect and replacing Michael Dake who has resigned as a member of Mercado’s board. The

Board wishes to thank Micheal for his many valuable contributions to the Company during his time as a

director and wishes him well in the future.

Mr. Barry Devlin brings decades of experience to Mercado, with over 45 years as an exploration

geologist. He previously held senior positions at Fortitude Gold Corporation, Gold Resource

Corporation, Endeavour Silver Corporation and Hecla Mining Company. He has participated in the

discovery, acquisition and development of numerous mineral deposits including extensive experience in

epithermal gold-silver (high and low sulphidation) systems and porphyry copper gold skarns. Mr.

Devlin has worked in a variety of geologic environments in the USA, Canada, Mexico, Argentina,

Bolivia, Chile, Guyana, Peru and Venezuela and has established a solid track record in generative

exploration programs. He holds a Bachelor of Science degree with honours in Geology, and a Masters

in Geology, from the University of British Columbia. His professional memberships include Registered

Professional Geologist (P. Geol.), British Columbia, Fellow of the Geological Association of Canada

and Society of Economic Geologists. Mr. Devlin has several publications concerning epithermal

systems.

Daniel Rodriguez, CEO and Director comments, “Barry is a great addition to our Board of Directors as

the Company evolves through the acquisition of exploration properties in the Americas with a focus on

silver and gold. He has decades of experience in making discoveries and growing projects globally,

more specifically in the Americas. Barry’s expertise aligns strongly with the Company’s new focus and

growth strategy. On behalf of the entire team at Mercado and our shareholders, welcome to the team.”

About Mercado Minerals Ltd.

Mercado Minerals Ltd. is a mineral exploration company dedicated to identifying and acquiring silver-

focused projects in the Americas. The Company’s mission is to generate value through disciplined

exploration and strategic acquisitions in the precious metals space. Mercado has been primarily involved

in the exploration and evaluation of the Porter Property, located within Alberni Mining Divisions of

British Columbia.

For further information, contact:

Daniel Rodriguez

CEO & Director

Phone: (604) 353-4080

Email: [email protected]

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John Fraser

VP Business Development & Director

Phone: (604) 838-7677

Email: [email protected]

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. 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. Factors

that could cause actual results to differ include conditions in equity financing markets, and receipt of regulatory and

shareholder approvals. 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.