Madoro Metals Corp. Provides Update On Proposed RTO And Announces Private Placement

May 4, 2026 – TheNewswire - VANCOUVER, British Columbia – Madoro Metals Corp. (“ Madoro ” or the “ Company ”) (TSX VENTURE: MDM; OTC: MSTXF; FSE: A2QQ1X), is pleased to provide an update regarding the proposed reverse takeover (the “ Proposed Transaction ”) with Narrow River Resources Pty Ltd. (“ NRR ”) previously announced in the Company's news release dated February 2, 2026.   Madoro and NRR (the “Parties”) continue to advance the various components required under TSX Venture Exchange (“ TSXV ”) Policy 5.2 – Changes of Business and Reverse Takeovers , including the preparation of the required disclosure and transaction documentation in connection with the Proposed Transaction. The Parties are currently working toward finalizing and executing a definitive agreement. Furthermore, as the Proposed Transaction will require the approval of the shareholders of Madoro at a special meeting called to that effect (the “ Meeting ”), the Company is also preparing a management proxy circular (the “ Circular ”) to be sent to its shareholders in connection with the Meeting. The Circular will contain information and disclosure as required by the policies of the TSXV, notably on the Proposed Transaction, the Lac Simard Project (as defined herein) and the resulting issuer once the Proposed Transaction is completed. The Company is not yet in a position to announce when it will be in a position to announce the date of the Meeting.