Metalero Mining (MLO) Announces Extension of Private Placement

Core Viewpoint - Metalero Mining Corp. is extending its price protection for a non-brokered private placement to December 9, 2025, to complete subscriptions for its Offering [1] Group 1: Offering Details - The Offering consists of up to 1,428,572 flow-through units priced at $0.21 per unit, each unit includes one flow-through common share and one common share purchase warrant [2] - Each warrant allows the holder to purchase an additional non flow-through common share at a price of $0.26 for two years from issuance [2] - The first tranche of the Offering closed on October 21, 2025, with the sale of 952,381 flow-through units [2] Group 2: Use of Proceeds - Proceeds from the Offering will be utilized to support the Fall 2025 exploration work at the Benson Project, including further sampling and ground geophysics [3] Group 3: Tax Implications - All flow-through shares offered qualify as "flow-through shares" under the Income Tax Act (Canada), and qualifying individuals under the BC Tax Act will have these expenditures qualify as "BC flow-through mining expenditures" [4] Group 4: Conditions and Approvals - The Offering is subject to conditions including necessary approvals from the TSX Venture Exchange, and all securities issued will have a hold period of four months and a day after the closing date [5] Group 5: Company Overview - Metalero Mining Corp. is a Canadian junior exploration company focused on copper and gold projects in North America, with its flagship Benson Project covering 166 square kilometers and hosting five prospects containing gold and copper [7]