Madoro Metals Corp. Provides Update On Proposed Reverse Takeover With Narrow River Resources

Executive Summary

• Madoro Metals Corp. provided a progress update on its proposed reverse takeover of Narrow River Resources Pty Ltd., originally announced on February 2, 2026.
• All work required under TSX Venture Exchange Policy 5.2—including technical reporting, transaction documentation, and regulatory filings—is proceeding as expected.
• Completion remains contingent upon definitive agreements, regulatory and shareholder approvals, and satisfaction of all applicable TSXV requirements.

Key Details

• The proposed reverse takeover (the “Proposed Transaction”) was first outlined in a letter of intent signed on January 30, 2026 and disclosed in Madoro’s February 2, 2026 news release.
• Current activities focus on:
• Technical reporting to satisfy TSXV due‑diligence standards.
• Preparation of definitive transaction documentation.
• Assembly of required regulatory filings for the TSX Venture Exchange.
• Both parties (Madoro Metals Corp. and Narrow River Resources Pty Ltd.) remain committed to advancing the transaction and will issue further updates as milestones are reached.
• Completion is subject to:
• Execution of definitive agreements between Madoro and NRR.
• Approval by TSX Venture Exchange and any other applicable regulatory bodies.
• Shareholder approval where required under exchange rules.
• No new financial terms, valuation metrics, or closing timelines were disclosed in this update.

Notable Quotes

“The parties remain committed to moving the Proposed Transaction forward and will provide further updates as appropriate.” – Brian Ostroff, Executive Chair & Director, Madoro Metals Corp.