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MERC.CN ·

Mercado Minerals Announces CFO Transition

Management Changes

Trading Symbol (CSE: MERC)

615-625 Howe Street

Vancouver, British Columbia

Canada V6C 2T6

Tel: (604) 353 4080

www.mercadominerals.com

Mercado Minerals Announces CFO Transition

Vancouver, BC, October 31, 2025 – Mercado Minerals Ltd. (CSE: MERC) ("Mercado" or the

"Company") announces that Mr. Dennis Cojuco will be stepping down as Chief Financial Officer

("CFO") and Director of the Company effective October 31, 2025, in order to focus on his other

endeavours. The Mercado team and Board of Directors wish all the best in his future. Effective

immediately, Mercado announces the appointment of Mr. Mathew Lee as CFO of the Company.

Mr. Mathew Lee brings over 15 years of corporate finance, governance, and capital markets

experience. A CPA Charterholder and graduate of the University of British Columbia, Mat has

delivered outsourced CFO services to growth-stage public issuers. Mat has advised and managed

finance functions for public companies across technology, mining, cannabis, and ESG industries. His

career includes leadership roles at Raymond James Ltd., AP Capital Management, and Smythe LLP,

where he built expertise in M&A accounting, regulatory compliance, and corporate governance.

Daniel Rodriguez, CEO and Director, comments, “I would like to thank Dennis for his hard work and

help getting Mercado to where it is today and we wish you nothing but the best. I also would like to

welcome Mat to the team. I am looking forward to working along side you as we continue to grow

Mercado.”

About Mercado Minerals Ltd.

Mercado Minerals Ltd. (CSE: MERC) is a company involved in the business of acquiring and

exploring mineral properties in the Americas. Mercado has been primarily involved in the exploration

and evaluation of the Porter Property, located within the Alberni Mining Divisions of British Columbia.

For further information, contact:

Daniel Rodriguez

CEO & Director

Phone: (604) 353-4080

Email: [email protected]

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

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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. 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.