Madison Metals Commences Drilling Program at Khan Uranium Project in Namibia, Africa

TORONTO, May 22, 2024 (GLOBE NEWSWIRE) --  Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that the maiden 2024 drill program has commenced at the Company’s Khan Project at Madison West, located in Namibia’s highly prospective Erongo uranium province.

Photo 1: Work underway at Madison’s Khan Uranium Project, Namibia. May 22, 2024.

Photo 2: Work underway at Madison’s Khan Uranium Project, Namibia. May 22, 2024.

Photo 3: Work underway at Madison’s Khan Uranium Project, Namibia. May 22, 2024.

Drilling will focus on the areas outlined as announced in Madison’s news release of April 18, 2024. The Company will publish results as deemed necessary and once fully analyzed.

Qualified Person

Mary Barton, a Professional Natural Scientist (SACNASP) and a Qualified Person for the purposes of National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects for ML86A, has reviewed, verified, and approved the technical information contained in this news release.

About Madison Metals Inc.

Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada. With over 50 years of mining experience, including 22 years in Namibia, its management team has geological and financial expertise and a track record of creating shareholder value.

Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the Company’s SEDAR+ profile at www.sedarplus.ca.

For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Madison Metals Inc.
[phone]
[e-mail]

Media inquiries:
Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
[phone]
[e-mail]  

European investor inquiries:
Florian Munsch
Euroswiss Equity Group
[phone]
[e-mail]

Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements regarding the proposed future exploration and drilling by Madison.

Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future.