Medaro Announces Agreement to Option Ontario Mineral Property

Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") is pleased to announce that it has entered into an assignment agreement dated January 12, 2026 (the "Agreement") with arm's length parties, pursuant to which the Company has agreed to purchase 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. The assigning party (the "Assignor") holds the Option pursuant to a property option agreement dated August 13, 2025 between the Assignor and the arm's length optionors of the Property (the "Optionors").

The Property is located in northern Ontario, approximately 41 kilometers from the Trans-Canada Highway, and is easily accessible by established logging roads. The Property consists of a significant land package in an area with a history of mineral exploration activity. The land package includes three separate staked blocks, totalling 4,365 hectares. Medaro believes the Property represents an attractive opportunity for future exploration and development. Recent market trends have highlighted significant increases in rare earth prices, underscoring renewed interest in the district.

In consideration for the assignment of the Option, the Company has agreed to pay the Assignor a cash sum of $35,000 and issue to the Assignor 150,000 common shares in the capital of the Company.

Pursuant to the assignment of the Option, the Company will also issue to the Optionors an aggregate of 119,047 common shares in the capital of the Company, representing an aggregate value of $50,000, with such issuance fulfilling the share issuance obligation in connection with the exercise of the Option by the Company.

To complete the exercise of the Option, the Company is required to pay the Optionors an additional: (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 Royalty (leaving the Optionors with an aggregate 1.0% net smelter returns royalty) for a one-time payment of $500,000.