Madoro Grants Stock Options to its Board and Management Team
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 Grants Stock Options to its Board and Management Team
FOR RELEASE: DECEMBER 9, 2022
Vancouver, BC, Canada - Madoro Metals Corp. (“Madoro” or the “Company”) announces
that it has granted an aggregate of 3,150,000 incentive stock options (“the Options”) to members
of its Board and management team. The Options are exercisable for a period of three years from
the date of grant at a price of $0.08 per share and vest immediately. The Options have been
granted under and are governed by the terms of the Company’s incentive stock option plan and
are subject to the acceptance of the TSX Venture Exchange.
About Madoro Metals Corp.
Madoro Metals Corp. (MDM | TSX venture Exchange; MSTXF | OTC) is a Mexico-focused
precious metals company engaged in exploration and development of three gold-silver projects
in the state of Oaxaca, Mexico. The Yautepec, Magdalena and Rama de Oro projects each
consist of large epithermal systems that are highly prospective for precious metals in structural
and geologic setting like those of nearby producing mines. Madoro also owns 50% interest in
Ralleau mineral property in Urban Barry District, Lebel-Sur-Quévilion area of Quebec, with a
50%owned by DeepRock Minerals Exploration Inc. For further information, investors and
shareholders are invited to visit the Company’s website at www.madorometals.com, call the
office at 6040681-1568, toll free at 1-877-377-6222, or via email at [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS
“DUSAN BERKA”
Dusan Berka, P. Eng., President & CEO
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.
Caution Regarding Forward-Looking Information
Information contained in this news release which are not statements of historical facts may be “forward-
looking information” for the purposes of Canadian securities laws. Such forward-looking information
involves risks, uncertainties and other factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward looking information.
The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”,
“estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking
information. These forward-looking statements relate to, among other things: the optionor’s intention to
terminate the options on the Rama De Oro and Magdalena projects, future actions of the Company to
contest termination and the potential for any succe ssful negotiated solution resulting from any such
actions.
Forward-looking information is necessarily based upon a number of estimates and assumptions that,
while considered reasonable by Madoro, are inherently subject to significant technical, political,
business, economic and competitive uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in the forward-looking information. Factors
and assumptions that could cause actual results or events to differ materially from current expectations
include, among other things: the inability of the Company to successfully come to an agreement with the
optionor regarding the continuance of its options; political risks associated with the Company’s
operations in Mexico; and the inability of th e Company to enforce its legal rights in certain
circumstances. For additional risk factors, please see the Company’s most recently filed Management
Discussions & Analysis for its quarter ended August 31, 2022 available on SEDAR at www.sedar.com.
There can be no assurances that forward-looking information and statements will prove to be accurate,
as many factors and future events, both known and unknown could cause actual results, performance, or
achievements to vary or differ materially from the results, performance or achievements that are or may
be expressed or implied by such forward -looking statements contained herein or incorporated by
reference. Accordingly, all such factors should be considered carefully when making decisions with
respect to Madoro, and prospective investors should not place undue reliance on forward looking
information. Forward-looking information in this news release is made as at the date hereof. The
Company assumes no obligation to update or revise forward-looking information to reflect changes in
assumptions, changes in circumstances or any other events affecting such forward-looking information,
except as required by applicable law.