Madison Metals Inc. provided an update regarding ongoing geologic mapping being done in advance of a maiden 2024 drill program at the Company?s Khan Project at Madison West in Namibia?s highly prospective Erongo uranium province. The mapping program consisted of infill geological mapping along with ground scintillometer and spectrometer surveys over the previously announced Anomaly 5 drill targets. Madison?s original surveying was completed at 40 metre (m) line spacing with 10 m station spacing.

The Company has added new drill targets at Anomaly 5 by surveying at 20 m line spacing. The results of the recent mapping and surveying program are an increased surface expression of radiometric D-type leucogranites (favourable rock type mined at Rossing). In particular, the surface expression of mineralized leucogranites around Trenches 4 and 5 and north of Trench 3 has increased to thicknesses of up to 40 m. The mapping campaign accomplished several key goals, including: Outlining priority drill targets; A base map of surface features to guide drill targeting; Identifying and delineating mineralized surface lithologies; Highlighting the surface continuity of mineralized D-type leucogranites.