Metalero arranges $300,000 private placement

Mr. Rob L'Heureux reports METALERO MINING (MLO) ANNOUNCES $300,000 PRIVATE PLACEMENT TO ADVANCE BENSON PROJECT Metalero Mining Corp. has arranged a non-brokered private placement for gross proceeds of up to $300,000 to finance the next phase of work on its flagship Benson project, located in the prolific Quesnel trough of central British Columbia. "Our recently reported copper and gold soil anomalies at Cantin have generated a lot of interest in Benson alongside an abundance of exploration and deal activity in the Quesnel trough as a whole," stated Rob L'Heureux, president and chief executive officer of Metalero Mining. "With outstanding prospectivity at Benson and a buoyant market, we have an opportunity to significantly advance the project with minimal dilution and a strategic scope of work this fall." The offering will consist of up to 1.25 million flow-through units at a price of 24 cents per FT unit. Each FT unit will consist of one flow-through common share and one flow-through common share purchase warrant. Each warrant will entitle the holder to purchase one additional FT share at a price of 40 cents for one year from the date of issuance. All FT shares offered in connection with this offering qualify as a flow-through share within the meaning of the Income Tax Act (Canada). For subscribers who are qualifying individuals under the Income Tax Act (British Columbia), these expenditures will also qualify as B.C. flow-through mining expenditures as defined in Section 4.721(1) of the B.C. tax act. The proceeds will be used to support the fall 2025 exploration work at Benson, including further sampling and ground geophysics. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issued will have a hold period of four months and one day from the closing of the offering. Benson project background Metalero has signed a binding letter of intent to acquire 100 per cent of the Benson project, which is strategically located in the Quesnel trough, one of Canada's most important mineral belts. The Quesnel trough is a Triassic/Jurassic-age belt of volcanosedimentary and intrusive rocks, which hosts greater than 360 alkalic copper-gold porphyry occurrences and deposits. At greater than 1,500 kilometres long, the Quesnel trough runs through the middle of British Columbia stretching from the U.S. to the Yukon territory. It hosts numerous major mines which produce copper and gold as well as variable amounts of silver and molybdenum while also hosting several types of gold deposits. High-profile and long-lived mines in the Quesnel trough include Highland Valley, Mount Milligan, New Afton and Kemess, which are complemented by recent exploration work, including Woodjam, MPD and Kwanika, and the extensive staking by Australian mining giant the Fortescue Group. The Benson project lies close to infrastructure and is traversed by Highway 26 and a vast 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 illuminated by recent artificial intelligence work by Geoscience B.C. (Mitchinson et al., Geoscience B.C. report 2022-07). This artificial intelligence 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. Even the 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 is both an intrusive-related style of mineralization and is commonly associated with porphyry systems. About Metalero Mining Corp. Metalero 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 five prospects containing gold and copper within porphyry-related mineralized systems. Qualified person The technical content of this news release pertaining to the Benson project was reviewed and approved by Michael Dufresne, MSc, PGeol, PGeo, a non-independent qualified person as defined by National Instrument 43-101. We seek Safe Harbor.