Medaro Mining Corp. announced the successful completion of its 2023 exploration work at the 100% owned CYR South and Darlin lithium property located in, Quebec, Canada. The exploration program included 11 drill holes at CYR and prospecting, mapping, and sampling at two claim blocks on the Darlin property.

The focus of the current work program at Darlin was the extension of the 2022 soil grid to the east and north in the northern claim block and the implementation of a systematic prospecting and geological mapping program in the southern claim block. CYR South Core Logging Update. Further to the Company's news release dated September 28, 2023, regarding completion of 11 drill holes program at the CYR South lithium property in James Bay, Quebec, the drill core was moved to a core logging and sampling facility located in St-Dominique du Rosaire village, approximately 540 kilometers from the Property for logging and sampling.

The drill core samples collected underwent initial field testing in the core shack with a handheld Laser-Induced Breakdown Spectroscopy (LIBS) instrument before selected core samples being submitted to an independent laboratory for assaying. LIBS is a rapid, portable, in situ atomic spectroscopy technique used to measure the concentration of major and trace elements, including lithium. While assay results are pending, preliminary LIBS testing for drill holes is highlighted below: Drill Hole CYRS-23-01: Several intersections show anomalous lithium values in the range of 100ppm - 7,572ppm.

Drill Hole CYRS-23 -04: Several intersections show anomalous electric values in the range of 100 ppm - 6,615 ppm. Darlin Program Highlights: The soil samples geochemical survey map reveals a substantial lithium anomalous area covering approximately 200m x 500m in the eastern part of the grid, with a smaller trend in the western part. Isolated anomalous spots of lithium have also been identified, prompting further investigation.

The correlation between rubidium trends and lithium anomalies is evident, adding an additional layer of significance. Furthermore, a niobium and tantalum anomalous zone was identified in the southwest of the grid. In the Darlin South block, the work program was enhanced to include a systematic prospecting, geological mapping, and sampling initiative covering the entire claim block.

A total of 93 rock samples were collected during this phase. Numerous pegmatite outcrops were discovered and sampled, showcasing the potential for further exploration. Additionally, preliminary indications of Holmquistite, a lithium amphibole mineral, have been noted, warranting further in-depth study.

Medaro Mining Corp. remains dedicated to the responsible and sustainable development of its mineral assets, contributing to the growth of the mining sector in Canada. The Company is a party to a joint venture agreement that engages the Company in the development and commercialization of a new process to extract lithium from spodumene concentrate.

The Darlin Property consists of 37 mining claims covering approximately 2,133 hectares area located in Darlin and Chaberthips, approximately 80 kilometers southwest of the town of Valdor. The Property is located in an active hard rock lithium pegmatite area. There are several historical and currently active lithium and molybdenum prospects/mines in the Abitibi region.

In 2022-23, the Company completed a work program which included airborne and ground geophysical surveys, soil and rock sampling, and diamond drilling.