Announcing Award Grants and Completion of Assignment
Medaro Mining Grants Stock Options and RSRs and Announces Completion
of Assignment Agreement
Vancouver, British Columbia - (Newsfile Corp. - January 22, 2026) - Medaro Mining Corp. (CSE:
MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") announces that it has granted an
aggregate of 400,000 stock options (the “Options”) and 170,000 restricted share rights (the “RSRs”)
to certain advisors and directors of the Company pursuant to the Company’s stock option plan.
The Options will vest as follows: 33% on the date that is 4 months following the date of grant, 33% on
the date that is 8 months following the date of grant, and the remaining 33% on the date that is 12
months following the date of grant. Each Option is exercisable, for a period of 3 years following the
date of grant, to acquire one common share of the Company at an exercise price of C$ 0.39 per
common share.
The RSRs will vest 100% on the date that is 4 months following the date of grant.
The Company also announces that, further to its news release dated January 13, 2026, it has fulfilled
its obligations under the assignment agreement dated January 12, 2026 by pa ying the cash
consideration in the amount of $35,000 and issuing an aggregate of 269,047 common shares of the
Company (the “Consideration Shares”).
The Company now holds the option (the “Option”) to acquire a 100% interest in certain mineral
claims located in the Province of Ontario and known as the Clay Howells Project (the “Property”),
subject to a production royalty.
To complete the exercise of the Option, the Company is required to pay the optionors of the Property
(the “Optionors”): (i) $20,000 on or before August 13, 2026, (ii) $30,000 on or before August 13, 2027,
and (iii) $38,000 on or before August 13, 2028. If the Option is exercised, the optionors will retain a
1.5% net smelter returns royalty (the “Royalty”). The Company will maintain the right, at any time, to
purchase one-third (1/3) of the R oyalty (leaving the optionors with a n aggregate 1.0% net smel ter
returns royalty) for a one-time payment of $500,000.
All securities issued in connection with the Option and RSR grants and the Consideration Shares are
subject to a statutory hold period of four months and one day in accordance with applicable
Canadian securities laws.
About Medaro
Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC. The Company owns
the James Bay Pontax Project and the CYR South lithium properties in Quebec.
For more information, investors should review the Company's public filings, which are available at
www.sedarplus.ca
On Behalf of the Board
Mark Ireton
CEO & Director Medaro Mining Corp.
220 - 333 Terminal Avenue, Vancouver, BC V6A 4C1
Email: [email protected]
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of
this news release and does not accept responsibility for the adequacy or accuracy of this
release.
Forward-looking statements:
Certain information contained herein constitutes "forward -looking information" under Canadian
securities legislation. Forward -looking information includes, but is not limited to , the Company
completing the transaction contemplated by the Agreement, the shares issuable under the
Agreement and anticipated timing thereof, and the Company's expectations for exploration and
development of the Property. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "ant icipates" , "anticipated" , "believes" , "expected" , "intends" ,
"will" or variations of such words and phrases or statements that certain actions, events or results
"may" , "could" , "would" , "might" or "will" occur. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made and they are from
those expressed or implied by such forward -looking statements or forward -looking information
subject to known and unknown risks, uncertainties and other factors that may cause the actual
results to be materially different, including receipt of all necessary regulatory approvals, failure to
satisfy closing conditions, and risks inherent to the mineral exploration industry, such as changes in
market conditions, comm odity prices, or general economic and regulatory conditions. Although
management of the Company have attempted to identify important factors that could cause actual
results to differ materially from those contained in forward -looking statements or forward -looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from t hose anticipated in such statements. Accordingly,
readers should not place undue reliance on forward -looking statements and forward -looking
information. The Company will not update any forward -looking statements or forward -looking
information that are inco rporated by reference herein, except as required by applicable securities
laws.