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PGA.CN ·

Madi Minerals Ltd. Announces Name and Symbol Change

Corporate Actions

MADI MINERALS LTD. ANOUNCES NAME CHANGE TO

PEGMATITE ONE LITHIUM AND GOLD CORP.

Vancouver, British Columbia, January 25, 2023 – Madi Minerals Ltd. (“ Madi” or the “ Company”)

(CSE: MADI) is pleased to announce that it intends to change its name to Pegmatite One Lithium and Gold

Corp. (the “Name Change”). The board of directors of the Company approved the name change, effective

January 18, 2023, in accordance with the articles of the Company. The new name accurately describes the

Company’s updated corporate strategy focusing on lithium and gold exploration and development.

The name change is expected to be effective upon the start of trading on January 27, 2023. The Company's

shares will trade under the new symbol “PGA”.

The Company’s new CUSIP is 705581106 and its new ISIN is CA7055811060.

Shareholders are not required to exchange existing share certificates for new share certificates bearing the

Company’s new name. The Name Change does not affect the rights of the Company’s shareholders and no

further action is required by existing shareholders.

About the Company

The Company is a junior mining company whose principal activity is the acquisition and exploration of

mineral properties in Canada.

The Company is exploring its mineral exploration assets and has not yet determined whether these

properties contain ore reserves that are economically recoverable. As at August 31, 2022, the Company was

in the exploration stage and had interests in properties in Canada.

On behalf of the Board of Directors

Ross Mitgang

Chief Executive Officer & Director

T: 416 481-2222

E: [email protected]

Cautionary Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian

securities legislation. These statements relate to future events or future performance. The use of any of the

word “will”, and similar expressions and statements relating to matters that are not historical facts are

intended to identify forward-looking information and are based on the Company’s current belief or

assumptions as to the outcome and timing of such future events.

Forward-looking information in this press release is based on certain assumptions and expected future

events which involve known and unknown risks, uncertainties and other factors, which may cause actual

results, performance or achievements to differ materially from those expressed or implied by such

statements. The forward-looking information and forward-looking statements contained herein include, but

are not limited to, statements regarding: the Name Change, that the Company will be able to get final

approval from the CSE for the Name Change. Readers are cautioned that the foregoing list is not

exhaustive.

Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be

no assurance that the plans, intentions or expectations upon which they are placed will occur. Such

information, although considered reasonable by management at the time of preparation, may prove to be

incorrect and actual results may differ materially from those anticipated.