Medaro Mining Announces Exploration Program at Bastnas Project in Sweden

Executive Summary

• Medaro Mining Corp. has entered into an exploration services agreement with McKnight Resources AB to commence a field‑based geological program at the Bastnäs project in Sweden, targeting REE, copper, cobalt, gold and base‑metal potential.
• Field activities are slated to begin on or about March 20, 2026, subject to local conditions and logistics.
• The program will cover systematic mapping, sampling (historic waste, outcrops, soils/tills), geophysical surveys, laboratory analysis, and integrated interpretation to prioritize targets for future work.

Key Details

• Agreement: Exploration services agreement with McKnight Resources AB to support execution of the Bastnäs exploration program.
• Start Date: Field activities expected to commence on or about March 20, 2026.
• Project Scope:
• Reconnaissance and detailed geological mapping focusing on lithological contacts, alteration, structural controls, and historic workings.
• Targeted sampling of historic mine waste/dump material and accessible outcrops for geochemical REE evaluation.
• Prospecting with follow‑up rock sampling; selective soil/till sampling to expand target areas.
• Ground geophysical surveys (magnetic and gravity) to delineate structures and prospective zones.
• Laboratory analysis of collected samples at accredited facilities; compilation into a consolidated dataset.
• Integrated interpretation and reporting for target ranking and planning subsequent exploration phases.
• Permit Area: Bastnäs 100 (≈263.68 ha) and Bastnäs 200 (≈866.60 ha); total ≈1,130.28 ha; permits valid through February 2029 under Sweden’s Minerals Act.
• Mineral Focus: REE (including scandium, yttrium, lanthanum/lanthanides), copper, cobalt, gold, silver, lead, zinc, iron‑oxide copper‑gold (IOCG), volcanogenic massive sulphide (VMS) and skarn‑hosted magnetite‑REE mineralization.
• Historical Context: District has historic mining; 2019 drill program in nearby area totaled 5,568 m in 15 holes (provided for context only). No verification by a Qualified Person for historical data.
• Qualified Person: Amanda Scott, P.Geo., FAusIMM, reviewed and approved the scientific and technical information per NI 43‑101.

Notable Quotes

• “The Company’s objective is to generate geological observations and analytical data to support target definition and evaluation of potential follow‑up work.” – Mark Ireton, CEO & Director, Medaro Mining Corp.