Madoro Begins Exploration Program on First Green Lithium Property, Quebec
Suite 1450 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Tel.: (604) 681-1568, Fax: (604) 681-8240, TF: 1-877-377-6222
www.madorometals.com
TSXV: MDM | OTC: MSTXF
WKN: A2QQ1X
Madoro Begins Exploration Program on First Green Lithium Property, Quebec
FOR RELEASE: JULY 25, 2023
VANCOUVER, British Columbia – Madoro Metals Corp. (“Madoro” or the “Company”) is pleased to
announce that a prospecting and sampling program has begun on its 213-claim, 12,325-ha First Green
Lithium property located approximately 75km southwest of Val-d’Or in the Abitibi-Témiscamingue
region of Québec. Good access to the property is provided by a network of logging roads and logging
operations have exposed multiple outcrops for the exploration crew to examine and sample.
“This first-pass field program will give us a good sense of the geology underlying the property and allow
us to configure a potential airborne geophysical survey in the fall,” stated Brian Ostroff, Madoro’s
Executive Chairman. “The region is heating up as a potential major source of hard rock lithium and the
First Green Project is strategically situated to join the growing ranks of exploration success stories.”
The First Green Lithium Property lies within a rapidly emerging lithium belt where large mineral claim
holdings have been assembled by Brunswick Exploration Inc., Narrow River Resources Pty. Ltd.,
Sayona Québec Inc., Renforth Resources Inc., Vison Lithium Inc. and Winsome Resources Inc.
Numerous pegmatite outcrops reportedly mapped by government geologists are the most significant
features of the First Green Lithium property, yet there are no records of the pegmatites having been
sampled or analysed for lithium.
The First Green Lithium Project’s proximity to the mining centers of Malartic and Val-d’Or allows for
low-cost exploration work. Québec is a strong supporter of exploration, production, and processing of
critical strategic minerals (CSM), including lithium, and developing value-added industries such as
battery and electric vehicle manufacturing. In 2021, a special program to support CSM exploration was
set up. This is in addition to existing refundable tax credits up to 38.8% for junior mineral exploration
companies, and 69.4% flow-through tax savings for investors in Quebec and 38.4% for investors from
the rest of Canada.
About Madoro
Madoro (MDM | TSX Venture Exchange; MSTXF | OTC) is an emerging resource company engaged in
the evaluation, acquisition, and exploration of mineral properties in Mexico and Canada. The Company
is engaged in the exploration of three gold-silver projects in the state of Oaxaca, Mexico. The Yautepec,
Magdalena and Rama de Oro projects each consist of large e pithermal systems that are highly
prospective for precious metals in a structural and geologic setting like those of nearby producing mines.
Madoro also owns a 50% interest in the Ralleau mineral property in the Urban Barry District, Lebel-sur-
Quévillon area of Québec and has an option to earn a 100% interest in the First Green Lithium Project
southwest of Val-d’Or, Quebec.
For further information, investors and shareholders are invited to visit the Company’s website at
www.madorometals.com, call the office at 1-604-681-1568, toll free at 1-877-377-6222, or send an
email to [email protected]
QA/QC and Qualified Person
The scientific and technical information that forms the basis for parts of this press release were reviewed
and approved by John Langton, P.Geo., who is a Qualified Person (QP) as defined by National
Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
“BRIAN OSTROFF”
Brian Ostroff, Executive Chairman
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.
This news release contains certain "forward-looking statements" within the meaning of Canadian
securities legislation, including statements relating to a breach of the option agreements and the
Company’s legal action to enforce its entitlement to the Rama de Oro and Magdalena projects.
Although the Company believes that such statements are reasonable based on current circumstances, it
can give no assurance that such expectations will prove to be correct. Forward-looking statements are
statements that are not historical facts, and by their nature, refer to future events. The Company
cautions that forward-looking statemen ts are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made, and they involve a number of ri sks and
uncertainties, including the possibility the Company may not be successful in its legal action to enforce
the performance of the option agreements.
There can be no assurance that such statements will prove to be accurate, as actual results and futu re
events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are
encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.