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GABO Mining Ltd. Appoints Mr. Stephen Goodman and Dr. John R. Carden to its Board of Directors

Management Changes

GABO Mining Ltd. Appoints Mr. Stephen Goodman and Dr. John R. Carden to its Board

of Directors

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE

UNITED STATES

VANCOUVER, British Columbia, June 5, 2025 – GABO Mining Ltd. (TSX-V: GAB; OTCPK:

MLLOF; Frankfurt: MRDN) (“GABO” or the “Company”) is pleased to announce the

immediate appointment of Mr. Stephen Goodman and Dr. John R. Carden to the Company's

Board of Directors. Concurrently, director Mr. John Cunningham has voluntarily stepped down

to pursue other opportunities.

Mr. Goodman brings 25 years of international experience as an investment banker, executive,

and director focused on the metals and mining secto r. He has successfully executed over $1

billion in transactions involving leading institutional investors. Past roles include President and

CFO, Director of Lion Copper and Gold Corp., and Founder of Falcon Butte Minerals Corp.

Dr. John R. Carden is an accomplished exploration geologist with a career that includes past

roles in uranium exploration with the U.S. Departme nt of Energy, Exxon Minerals, and

Magnum Uranium. He was the Director of U.S. Exploration for Echo Bay Mines and served as

Director and geologic consultant for several TSX Venture Exchange-listed companies. Notably,

Dr. Carden previously conducted research, explorati on, and drilling efforts for Magnum

Uranium in Utah and New Mexico, specifically in are as adjacent to GABO’s current uranium

property landholdings. In 2009, Magnum Uranium successfully merged its assets and uranium

properties into Energy Fuels.

The Company expresses sincere gratitude to Mr. John Cunningham for his contributions over

the past year as director. The board extends its best wishes to him in his future endeavors.

GABO’s CEO, Mr. Gabriel Alonso-Mendoza, stated: " We are thrilled to welcome Stephen and

John to our board. Stephen’s impressive track recor d in securing investment and strategic

partnerships will greatly strengthen our ability to execute corporate development initiatives.

John’s extensive experience in uranium exploration, particularly his direct involvement with

our Utah and New Mexico projects while at Magnum, w ill enhance our technical capabilities

and expedite asset development. Their combined expe rtise positions the Company

exceptionally well for our next phase of growth."

About GABO Mining Ltd.

GABO Mining Ltd. is dedicated to exploring and developing high-grade uranium projects in the

Mountain West region of the United States. The Company is committed to responsible resource

development and maximizing shareholder value by leveraging a skilled leadership team with

deep industry and financial expertise.

Contact(s):

Gabriel Alonso-Mendoza , President and CEO.

[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term

is defined in the policies of the TSX Venture Exchange) accepts responsibility for

the adequacy or accuracy of this release.

Management takes full responsibility for the conten t of and has prepared this news release.

Some of the statements contained in this release ar e forward-looking statements, such as

any statements that describe the Company plans with respect to general strategic matters

and the advancement of its business plans.

Forward-looking statements are frequently, but not always, identified by words such as

"expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects,"

"plans," and similar expressions, or statements tha t events, conditions or results "will,"

"may," "could," or "should" occur or be achieved or their negatives or other comparable

words. Since forward-looking statements address future events and conditions, by their very

nature, they involve inherent risks and uncertainti es, including the risks related to market

conditions and regulatory approval and other risks. Actual results in each case could differ

materially from those currently anticipated. These forward-looking statements are made as

of the date of this press release, and, other than as required by applicable securities laws,

GABO disclaims any intent or obligation to update p ublicly any forward-looking statements,

whether as a result of new information, future even ts or results or otherwise, except as

required pursuant to applicable laws.