Vancouver, British Columbia — January 13, 2026 — Leads & Copy — Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) has agreed to purchase the option to acquire a 100% interest in the Clay Howells Project in Ontario, subject to a production royalty.
The company entered into an assignment agreement dated January 12, 2026, with arm’s length parties to purchase the option.
The land package includes three separate staked blocks, totaling 4,365 hectares. Medaro believes the property represents an attractive opportunity for future exploration and development.
The property is located in northern Ontario, approximately 41 kilometers from the Trans-Canada Highway, and is easily accessible by established logging roads. The property is located in an area with a history of mineral exploration activity.
Medaro has agreed to pay the assignor a cash sum of $35,000 and issue 150,000 common shares in the capital of the company in consideration for the assignment of the option.
The company will also issue 119,047 common shares in the capital of the company to the optionors, representing an aggregate value of $50,000, with such issuance fulfilling the share issuance obligation in connection with the exercise of the option by the company.
To complete the exercise of the option, the company is required to pay the optionors an additional: (i) $20,000 on or before August 13, 2026, (ii) $30,000 on or before August 13, 2027, and (iii) $38,000 on or before August 13, 2028.
If the option is exercised, the optionors will retain a 1.5% net smelter returns royalty. The company will maintain the right, at any time, to purchase one-third (1/3) of the royalty (leaving the optionors with an aggregate 1.0% net smelter returns royalty) for a one-time payment of $500,000.
All common shares of the company issuable pursuant to the agreement will be subject to a statutory four-month hold from the date of issuance.
The proposed transaction remains subject to the approval of the Canadian Securities Exchange (if required) and is expected to complete shortly. There are no guarantees that the proposed transaction will be completed as contemplated or at all.
Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC. The company owns the James Bay Pontax Project and the CYR South lithium properties in Quebec.
Mark Ireton is the CEO & Director of Medaro Mining Corp. He can be reached at mark.ireton@medaromining.com.
For more information, investors should review the company’s public filings, which are available at www.sedarplus.ca.
Source: Medaro Mining Corp.
