Metalero Closes Oversubscribed Private Placement
Press Release
Edmonton, AB, March 18, 2026 – Metalero Mining Corp. (TSXV: MLO) (OTC Pink: CRTTF) (“Metalero” or the “Company”) is pleased to announce that it has closed its non-brokered private placement (the “Offering”) previously announced on February 12, 2026. Metalero issued 3,333,331 common shares (the “Shares”) at a price of $0.15 per Share, for total gross proceeds of $499,999.65.
In connection with the sale of these Shares, Metalero paid a total of $12,000 in cash and issued 79,999 non-transferable finder’s warrants (the “Finder’s Warrants”) to eligible finders for certain of the Shares sold. Each Finder’s Warrant entitles the holder to purchase one (1) common share of Metalero at a price of $0.15 per share, for up to two (2) years from the date of issuance.
The net proceeds from the Offering are intended to fund ongoing exploration and development activities on the Issuer’s mineral properties and for general working capital purposes. All securities issued are subject to a hold period until July 18, 2026.
One insider participated in the Offering, acquiring a total of 334,000 Units. Such subscription by the insider of Metalero for a portion of the Offering constitute a related party transaction for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”), but the Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the subscription, insofar as it involves the insider of the Company, does not exceed 25% of the market capitalization of the Issuer, as determined in accordance with MI 61-101. The Offering did not result in the creation of a new control person.
For additional information with respect to this Offering, please refer to Metalero’s news release dated February 12, 2026, available for viewing on Metalero’s SEDAR+ profile (www.sedarplus.ca).
About Metalero Mining Corp.
Metalero Mining Corp. is a Canadian-based junior exploration company focused on copper and gold projects in North America. Its 173 square kilometer, road-accessible Benson Project serves as Metalero’s flagship and is host to five prospects containing gold and copper within porphyry-related mineralized systems.
On behalf of the Board of Directors
“Rob L’Heureux”
Rob L’Heureux,
Chief Executive Officer and President
Email: robl@metalsgroup.com
Telephone: +1.780.916.5482
IBF4
