Megado Minerals Limited has acquired twenty-two (22) new lode claims at its North Fork Rare Earth Project in Idaho, USA (North Fork). Forty-eight (48) new lode claims have also been acquired in the vicinity of Johnson Creek, Montana, USA. The 22 new lode claims at North Fork include extensions to land surrounding Radiant prospect (17 claims) and Jackpot prospect (5 claims). The total number of claims for North Fork is now 526. The claims encompass an area of approximately 45km. Jackpot Prospect: The new claims at Jackpot indicate possible high-grade REE mineralisation. This is supported by historical surface sampling with results up to 23.56% TREE. Follow-up fieldwork (October 2022) at North Fork using a portable x-ray fluorescence (pXRF) instrument confirmed the historical high-grade sample at Jackpot, by returning up to 11.86% REE (Sc, Y, La, Ce, Pr, Nd). Radiant Prospect: The claims extension to the Radiant Prospect provides additional coverage over historically mapped carbonatites (Kaiser, 1956), that are typical hosts to REE mineralisation. Johnson Creek Prospect: The 48 new lode claims at Johnson Creek are in Ravalli County, southwest Montana. The Johnson Creek claims are within the Montana-Idaho alkalic belt and are immediately adjacent to the Sheep Creek Rare Earth Project jointly owned by US Critical Metals Corp. and US Critical Materials Corp. Selected surface samples from Jackpot, Radiant, and Johnson Creek have been dispatched to ALS USA for a
complete REE analysis with results expected by the end of the month.