Madoro, Narrow River work on entering definitive deal

Mr. Dusan Berka reports MADORO METALS CORP. PROVIDES UPDATE ON PROPOSED REVERSE TAKEOVER WITH NARROW RIVER RESOURCES Madoro Metals Corp. has provided a brief update regarding the proposed reverse takeover with Narrow River Resources Pty. Ltd. previously announced in the company's news release dated Feb. 2, 2026. Madoro and NRR continue to advance the various components required under TSX Venture Exchange Policy 5.2 (Changes of Business and Reverse Takeovers). The parties are also pleased to announce the completion of a combined airborne magnetic survey over the company's First Green lithium mineral project and NRR's adjacent Lac Simard project, as previously announced in the company's news release dated Jan. 20, 2026. In addition, the parties are in the process of finalizing the technical report in respect of the Lac Simard project in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Madoro and NRR continue to work toward negotiating and entering into a definitive agreement and satisfying other closing conditions, including the preparation of transaction documentation and assembly of required regulatory filings. The parties remain committed to moving the proposed transaction forward and will provide further updates as appropriate. Completion of the proposed transaction remains subject to execution of definitive documentation, regulatory and shareholder approvals, and satisfaction of all applicable TSX-V requirements. Details of the proposed transaction, as contemplated in the letter of intent signed by Madoro and NRR on Jan. 30, 2026, may be found in the company's news release dated Feb. 2, 2026. About Madoro Metals Corp. Madoro Metals is an emerging resource company engaged in the evaluation, acquisition and exploration of mineral properties in Canada and Mexico. Madoro holds an option to acquire a 100-per-cent interest in the First Green lithium property located in the emerging Decelles lithium camp in the Abitibi Temiscamingue region, approximately 75 kilometres southwest of Val d'Or, Que.; a 50-per-cent interest in the Ralleau mineral property in the Urban Barry district, Lebel-sur-Quevillon area of Quebec; and a 100-per-cent interest in the Cerro Minas property in Oaxaca, Mexico. We seek Safe Harbor.