Metalero metals.c METALERO ANNOUNCES AMENDMENT TO OPTION AGREEMENT
Metalero Mining Corp.
10545 - 45 Avenue NW
250 Southridge, Suite 300
Edmonton, AB CANADA T6H 4M9
Metalero metals.c
METALERO ANNOUNCES AMENDMENT TO OPTION AGREEMENT
Edmonton, AB – February 20, 2025 – Metalero Mining Corp. (the “Company” or “Metalero”) (TSXV:
MLO; OTCPK: CRTTF) announces that it has entered into an agreement (the “Amendment Agreement”)
amending the option agreement entered into on May 16, 2024 (the “ Option Agreement”) between the
Company and Vulcan Resources Corp. (“Vulcan” or the “Optionee”), granting Vulcan the exclusive right
to purchase all the Company’s right, title, and interest in the mining claims comprising the Grayson and
Powerline properties in Nevada (collectively the “Properties”), subject to an existing underlying 2.0% net
smelter returns royalty (the “NSR”).
Under the terms of the Option Agreement, Vulcan was required, among other things, to make certain annual
cash payments over a period of five (5) years from the listing of the Optionee’s common shares on a
recognized stock exchange. Pursuant to the amendment, the parties agreed to amend the total cash payments
to a total of $125,000 payable to the Company (which has been paid), the issuance of 4 million common shares
of Vulcan to the Company, and the Optionee will assume all annual maintenance fees to the Bureau of Land
Management to maintain the Properties in good standing.
All other terms of the Option Agreement, including the NSR, remain unchanged and can be found in the
Company’s press release dated June 4, 2024.
About Metalero Mining Corp.
Metalero Mining Corp. 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.
On behalf of the Board of Directors
“Rob L’Heureux”
Rob L’Heureux, Chief Executive Officer and President
Email: [email protected]
Telephone: +1.780.437.6624
www.metalsgroup.com
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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This news release may contain certain “forward looking statements”. Forward-looking statements involve known and unknown
risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achi evements expressed or implied by the forward -looking
statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise. Undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by
forward-looking statements will transpire or occur, or if any of the m do, what benefits the Company will derive therefrom . All
forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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