Medaro Mining Enters into Definitive Earn-In Agreement to Acquire up to 100% Interest in the Sala Silver-Zinc Project, Sweden

About this update from Medaro Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - August 17, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro"or the "Company") further to its news release dated May 13, 2026, the Company is pleased to announce that it has entered into a definitive earn-in agreement (the "Agreement") with Sinclair Gold Ltd formerly known as Alicanto Minerals Limited. (ASX: SGC) (the "Optionor"), pursuant to which it may acquire up to a 100% legal and beneficial interest in the Sala Silver-Zinc Project ("Sala" or the "Property"), located in central Sweden. The Property is comprised of several exploration permits covering an area of 91km2 prospective for silver and zinc. Transaction Terms Pursuant to the Agreement, the Company may acquire up to a 100% interest in the Property in stages, by way of acquiring shares of a holding company that holds the Property, by making cash payments and share issuances to the Optionor and incurring exploration expenditures (the "Earn-In"). The Company may earn up to a 90% interest in the Property by making aggregate cash payments of CDN $800,000 issuing an aggregate of 800,000 common shares (the "Consideration Shares"), and incurring aggregate exploration expenditures of CDN $1,750,000 as follows: Initial Payment: CDN $50,000 in cash and 250,000 Consideration Shares, payable within five (5) days of the commencement date of the Agreement (the "Commencement Date"). Year 1 Earn-In (50% total interest): CDN $250,000 in cash, 250,000 Consideration Shares and CDN $750,000 of exploration expenditures on or before the first anniversary of the Commencement Date. Year 2 Earn-In (90% total interest): CDN $500,000 in cash, 300,000 Consideration Shares and CDN $1,000,000 of exploration expenditures on or before the second anniversary of the Commencement Date. Following completion of the earn-in, the Company may acquire the remaining 10% interest in the Property by paying CDN $500,000 in cash and issuing 400,000 Consideration Shares on or before the third anniversary of the Commencement Date (the "Option"). Upon the Company earning a 90% interest in the Property, the Optionor will retain a 1.0% net smelter return royalty (the "NSR"), which will increase to 2.0% upon the Company acquiring a 100% interest in the Property. The Earn-In and the Option are exercisable at the Company's sole discretion, and the Company may accelerate the ti...

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