Metalero Mining closes $919,501 private placement

Mr. Rob L'Heureux reports METALERO CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT Metalero Mining Corp. has completed its previously disclosed non-brokered private placement, raising gross proceeds of $919,501 through the issuance of 7,662,509 units at a price of 12 cents per unit. Each unit consists of one common share of the company and one share purchase warrant. Each warrant is exercisable for a period of two years from the date of issuance, and entitles the holder to purchase one additional common share at an exercise price of 25 cents per share for the first year and at an exercise of 35 cents per share for the second year. The proceeds of the offering will be utilized to advance exploration at Metalero's flagship Benson project in central British Columbia, including follow-up work based on recently completed soil sampling and ground geophysical surveys. Funds will also be allocated to general working capital. In connection with the sale of the units sold, Metalero paid a total of $25,862 in cash and issued 215,520 finders' warrants, on the same terms as the warrants, to eligible finders for certain of the units sold. All securities issued pursuant to the offering are subject to a statutory hold period of four months and one day, in accordance with applicable securities laws. Certain insiders participated in the offering, acquiring a total of 2,019,583 units. Such subscriptions by insiders of Metalero for a portion of the offering constitute a related party transaction for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but the company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the subscription, insofar as it involves the insiders of the company, does not exceed 25 per cent of the market capitalization of the issuer, as determined in accordance with MI 61-101. The offering did not result in the creation of a new control person. For further information with regard to the offering, please refer to the company's news releases dated July 18, 2025, and July 30, 2025, available for viewing on Metalero's profile on SEDAR+. Benson project background The Benson project lies close to infrastructure, and is traversed by Highway 26 and an extensive network of logging roads, allowing for ready access to all parts of the property and capital-efficient exploration. The large land package covers five different target areas identified by recent artificial intelligence (AI) work by Geoscience B.C. (Mitchinson et al., Geoscience B.C. report 2022-07). This AI study incorporated a wide variety of historical data sets, including geophysics, geology, sampling information and drilling data (where present), to identify high-potential (porphyry-like) anomalies with similarities to known porphyry deposits elsewhere in the belt. Limited historical exploration at Benson has identified numerous gold and copper surface geochemical anomalies, while modest (historical) drill programs have intersected skarn and epithermal gold and silver mineralization, which are both intrusive-related styles of mineralization and are commonly associated with porphyry systems. About Metalero Mining Corp. Metalero Mining is a Canadian-based junior exploration company focused on copper and gold projects in North America. Its 166-square-kilometre, road-accessible Benson project serves as Metalero's flagship, and is host to several prospects containing gold and copper within porphyry-related mineralized systems. Metalero also has drill-ready properties in Nevada, available for sale or option. We seek Safe Harbor.