Madison Metals Inc announces private placement of 1,250,000 units at an issue price of CAD 0.40 per units for aggregate gross proceeds of up to CAD 500,000 on December 4, 2023. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant with each Warrant entitling the holder thereof to purchase one common share of the Company at a price of CAD 0.60 for up to 12 months. All securities issued pursuant to the private placement described above will be subject to a four-month and one-day hold period.