Madoro Metals Corp. Provides Update on Reverse Takeover

VANCOUVER, British Columbia — April 2, 2026 — Leads & Copy —

Madoro Metals Corp. is moving forward with its proposed reverse takeover of Narrow River Resources Pty Ltd. Madoro and NRR are advancing the requirements of TSX Venture Exchange Policy 5.2. The companies announced the completion of a combined airborne magnetic survey over Madoro’s First Green Lithium mineral project and NRR’s adjacent Lac Simard project.

The parties are finalizing the technical report for the Lac Simard project, following National Instrument 43-101 standards. Madoro and NRR are working to negotiate a definitive agreement and meet closing conditions, including preparing transaction documents and regulatory filings. Both parties are committed to the Proposed Transaction and will provide updates as needed.

The completion of the Proposed Transaction is subject to regulatory and shareholder approvals, the execution of definitive documents, and TSXV requirements.

Details of the Proposed Transaction are available in the company’s news release dated February 2, 2026. The letter of intent was signed January 30, 2026.

Madoro Metals Corp. is involved in the evaluation, acquisition, and exploration of mineral properties in Canada and Mexico. Madoro has an option to acquire a 100% interest in the First Green Lithium Property in the Abitibi Témiscamingue region of Québec, a 50% interest in the Ralleau mineral property in the Urban Barry District of Quebec, and a 100% interest in the Cerro Minas Property in Oaxaca, Mexico.

Dusan Berka, President & CEO and Director of Madoro Metals Corp.

Source: Madoro Metals Corp.