MEDARO MINING ANNOUNCES HIGH-GRADE COPPPER AND GOLD ASSAY RESULTS FROM SAMPLING PROGRAM AT THE BASTNAS PROJECT IN SWEDEN

Medaro Mining Corp. has announced highly encouraging assay results from its surface sampling program at the Bastnäs Project in Sweden's prolific Bergslagen Mining District. The company received results from the first 97 of over 200 samples collected, revealing high-grade copper and gold mineralization across multiple locations within the 1,130-hectare property. The most significant results include gold grades up to 11.3 g/t and copper grades exceeding 10% by weight, with the highest copper grades concentrated at the Persgruvan and Haggruvan areas.

The sampling program targeted numerous historical underground and open pit workings across the property, including areas near the world-famous Bastnäs historical mine where rare earth elements cerium and lanthanum were first discovered in the 19th century. High-grade copper results were found in samples visibly rich in chalcopyrite, while gold mineralization showed variable association with copper, suggesting a complex mineralization history. The company noted that many high-grade samples were found spatially associated with magnetite, consistent with Iron Ore Copper Gold (IOCG) deposit potential.

Beyond the copper-gold results, the program also identified encouraging rare earth element indicators, with elevated cerium, lanthanum, and yttrium values returned from several samples. Seven samples showed cerium and lanthanum above detection limits, with one cluster at Area G showing cerium values exceeding 10,000 ppm. Follow-up ore-grade REE analyses are currently in progress for selected samples.

The results demonstrate multiple occurrences of copper-gold mineralization that require further exploration to determine extent, continuity, and economic significance. Field evidence suggests that massive chalcopyrite-rich sulfide breaks up earlier magnetite to form late-stage sulfide breccia, representing prospective targets for future exploration. A high-resolution drone magnetic survey is currently underway to complement the sampling data and support future drill targeting. The company plans to continue fieldwork through June 2026, with up to 250 total samples expected to be collected and assayed, positioning the project for potential drilling programs to follow.