Metalero Closes Oversubscribed Private Placement

Metalero Mining Corp. has successfully completed an oversubscribed non-brokered private placement, raising gross proceeds of $499,999.65 through the issuance of 3,333,331 common shares at $0.15 per share. The financing was originally announced on February 12, 2026, and included participation from one insider who acquired 334,000 units. The company paid $12,000 in finder's fees and issued 79,999 finder's warrants exercisable at $0.15 for two years.

The net proceeds will fund ongoing exploration and development activities on the company's mineral properties, particularly supporting work at the flagship Benson Project, as well as general working capital requirements. All securities are subject to a hold period until July 18, 2026, and the transaction qualified for exemptions under MI 61-101 as the insider participation represented less than 25% of market capitalization.

Metalero operates as a Canadian-based junior exploration company with a focus on copper and gold projects across North America. The 173 square kilometer Benson Project, which is road-accessible and located in British Columbia's Quesnel Trough, represents the company's primary asset and hosts five prospects containing gold and copper within porphyry-related mineralized systems. This successful financing provides the capital necessary to advance exploration programs and demonstrates continued investor confidence in the company's project portfolio.

The completion of this oversubscribed financing positions Metalero to execute its exploration strategy while maintaining operational flexibility. As part of the broader Metals Group of Companies, Metalero benefits from experienced management focused on technical excellence and project selection, which should enhance the effectiveness of capital deployment across its exploration programs.