2022_04_11_Madi Minerals Ltd._News Release_IPO closing

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

MADI MINERALS LTD.

615 – 800 West Pender Street

Vancouver, British Columbia

V6C 2V6

Madi Minerals Completes Initial Public Offering and Lists

on the Canadian Securities Exchange

Vancouver, British Columbia, April 11 , 2022 : Madi Minerals Ltd. (the " Company" or "Madi

Minerals") (CSE: MADI) is pleased to announce that on April 11, 2022, it completed its initial public

offering (the "IPO") of 4,025,000 common shares in its capital (each a “Share”) at a price of $0.10

per Share for gross proceeds of $402,500.

The net proceeds from the IPO will be used for working capital purposes , for general and

administrative purposes, to carry out exploration of the Company's Georgina Property located in

northern Vancouver Island, BC and to make payments pursuant to the option agreement in respect

of the Georgina Property.

Research Capital Corporation acted as agent (the "Agent") for the IPO. The Agent received a cash

commission equal to 10% of the gross proceeds of the IPO and a corporate finance fee. Additionally,

the Company granted the Agent, and i ts selling group, non-transferable compensation options

entitling the holder to purchase an aggregate of 402,500 Shares at a price of $0.10 per Share,

exercisable on or before April 11, 2024.

The Shares are expected to resume trading on the Canadian Securities Exchange on April 12, 2022,

under the symbol (“MADI”).

The offered securities have not been and will not be registered under the United States Securities

Act of 1933 , as amended (the " U.S. Securities Act "), or any applicable state securities laws and

may not be offered or sold in the United States or to "U.S. persons", as such term is defined in

Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from

such registration requirements. This news release shall not constitute an offer to sell or the

solicitation of an offer to buy the offered securities in any jurisdiction.

About Madi Minerals Ltd.

Madi Minerals Ltd. is engaged in the business of mineral exploration and the acquisition of mi neral

property assets in Canada. Its objective is to locate and develop economic precious and base metal

properties of merit and to conduct its exploration on the Georgina Project. The Georgina Property

consists of 1 mineral claim covering an area of 2,0 69 ha approximately 20 km south of the coastal

town of Sayward; 105 km north of Campbell River on Vancouver Island, within the Nanaimo Mining

Division.

For more information, please refer to the Company's prospectus dated March 18, 2022, available on

SEDAR (www.sedar.com).

On Behalf of the Board of Directors

Gary Musil

Chief Executive Officer and Director

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For further information, please contact:

Gary Musil

Chief Executive Officer and Director

(604) 787-7356

Forward-Looking Statements:

This news release includes certain forward -looking statements and forward -looking information (collectively,

"forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements,

other than statements of historical fact, in cluded herein including, without limitation, statements regarding the

commencement of trading of the Company’s common shares on the Canadian Securities Exchange, future

capital expenditures, anticipated content, commencement, and cost of exploration progra ms in respect of the

Company's projects and mineral properties, anticipated exploration program results from exploration activities,

resources and/or reserves on the Company's projects and mineral properties, and the anticipated business

plans and timing o f future activities of the Company, are forward -looking statements. Although the Company

believes that such statements are reasonable, it can give no assurance that such expectations will prove to be

correct. Often, but not always, forward looking inform ation can be identified by words such as "pro forma",

"plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends",

"anticipates", "believes", "potential" or variations of such words including negative variations thereof, and

phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or

achieved. In making the forward -looking statements in this news release, the Company has applied several

material assumptions, including without limitation, that market fundamentals will result in sustained precious and

base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in

connection with the future exploration of the Company's properties, that the COVID-19 global pandemic will not

affect the ability of the Company to conduct the exploration program on the Georgina Project, the availability of

financing on suitable terms, and the Company's ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause

the actual results, performance or achievements of the Company to differ materially from any future results,

performance or achievements expressed or implied by the forward -looking statements. Such risks and other

factors include, among others, statements as to the anticipated business plans and timing of future activities of

the Company, including the Company's optio n to acquire the Georgina Project, the proposed expenditures for

exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities

and plans, delays in obtaining governmental and regulatory approvals (inclu ding of the Canadian Securities

Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, risks

relating to epidemics or pandemics such as COVID –19, including the impact of COVID –19 on the Company's

business, f inancial condition and results of operations, the Company's limited operating history, currency

fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed

under the heading "Risk Factors" in the Company 's prospectus dated March 18, 2022, and other filings of the

Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile

on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue relianc e on forward-looking statements. The Company undertakes

no obligation to update any of the forward-looking statements in this news release except as otherwise required

by law.