Vancouver, British Columbia — October 10, 2025 — Medaro Mining Corp. (the “Company” or “Medaro”) (CSE:MEDA )(OTC PINK:MEDAF) (FWB:1ZY) announces that it will not be proceeding with the previously announced reverse take-over transaction (the “RTO”) with Omega Gold Corp. (“Omega”). The parties have terminated discussions under the non-binding letter of intent dated June 23, 2025, and the proposed transaction will not proceed.
Pursuant to the terms of the non-binding letter of intent, each party will bear its own costs and expenses incurred in connection with the proposed transaction.
Medaro continues to evaluate strategic opportunities while remaining focused on prudent capital allocation and creating long-term shareholder value.
About Medaro
Medaro Mining Corp. is an exploration company based in Vancouver, BC. The Company owns the James Bay Pontax Project and the CYR South lithium properties in Quebec.
For more information, investors should review the Company’s public filings, which are available at www.sedarplus.ca.
On Behalf of the Board Faizaan Lalani
Interim CEO & Director Medaro Mining Corp.
Suite 1000 – 409 Granville Street, Vancouver, BC V6C 1T2
Email: flalani@medaromining.com
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Company’s plan to evaluate strategic opportunities while remaining focused on prudent capital allocation and creating long-term shareholder value, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
