Metalero Mining (MLO) Announces $300,000 Private Placement to Advance Benson Project

Rhea-AI Summary

Metalero Mining (TSXV: MLO) (OTC: CRTTF) has announced a non-brokered private placement offering to raise up to $300,000 to advance its Benson Project in British Columbia's Quesnel Trough. The offering consists of up to 1,250,000 flow-through units at $0.24 per unit, with each unit including one flow-through share and one warrant exercisable at $0.40 for one year.

The Benson Project, which Metalero is acquiring through a binding LOI for 100% ownership, is strategically located in the Quesnel Trough, a significant mineral belt hosting over 360 alkalic copper-gold porphyry occurrences. The project benefits from excellent infrastructure access and has shown promising exploration results, including gold and copper surface anomalies identified through AI-assisted research.

Positive

• None.

Negative

• Small offering size of only $300,000 may limit exploration scope
• 25% warrant dilution potential if exercised at $0.40
• Project acquisition still pending completion of LOI
• Limited historical drilling data available

Edmonton, Alberta--(Newsfile Corp. - September 25, 2025) - Metalero Mining Corp. (TSXV: MLO) (OTC Pink: CRTTF) ("Metalero" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to $300,000 to fund the next phase of work on its flagship Benson Project, located in the prolific Quesnel Trough of central British Columbia.

"Our recently reported copper and gold soil anomalies at Cantin have generated a lot of interest in Benson alongside an abundance of exploration and deal activity in the Quesnel Trough as a whole," stated Rob L'Heureux, President & CEO of Metalero Mining. "With outstanding prospectivity at Benson and a buoyant market we have an opportunity to significantly advance the project with minimal dilution and a strategic scope of work this fall."

The Offering will consist of up to 1,250,000 flow-through units (the "FT Units") at a price of $0.24 per FT Unit. Each FT Unit will consist of one (1) flow-through common share (a "FT Share") and one (1) flow-through common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one (1) additional FT Share at a price of $0.40 for one (1) year from the date of issuance.

All FT Shares offered in connection with this Offering qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). For subscribers who are qualifying individuals under the Income Tax Act (British Columbia) (the "BC Tax Act"), these expenditures will also qualify as "BC flow-through mining expenditures", as defined in section 4.721(1) of the BC Tax Act.

The proceeds will be used to support the Fall 2025 exploration work at Benson including further sampling and ground geophysics.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities issued will have a hold period of four months and one day from the closing of the Offering.

Benson Project Background

Metalero has signed a binding Letter of Intent ("LOI") to acquire 100% of the Benson Project which is strategically located in the Quesnel Trough, one of Canada's most important mineral belts. The Quesnel Trough is a Triassic/Jurassic-age belt of volcano-sedimentary and intrusive rocks which hosts >360 alkalic copper-gold porphyry occurrences and deposits. At >1,500 km long, the Quesnel Trough runs through the middle of BC stretching from the US to the Yukon Territory. It hosts numerous major mines which produce copper and gold as well as variable amounts of silver and molybdenum while also hosting several types of gold deposits.

High profile and long-lived mines in the Quesnel Trough include Highland Valley, Mt Milligan, New Afton and Kemess which are complemented by recent exploration work including Woodjam, MPD, Kwanika, and the extensive staking by Australian mining giant, the Fortescue Group.

The Benson Project lies close to infrastructure and is traversed by Highway 26 and a vast network of logging roads allowing for ready access to all parts of the Property and capital-efficient exploration. The large land package covers 5 different target areas illuminated by recent Artificial-Intelligence ("AI") work by Geoscience BC (Mitchinson et al., Geoscience BC Report 2022-07). This AI study incorporated a wide variety of historical datasets including geophysics, geology, sampling information, and drilling data (where present) to identify high potential ("porphyry-like") anomalies with similarities to known porphyry deposits elsewhere in the belt. Even the limited historical exploration at Benson has identified numerous gold and copper surface geochemical anomalies while modest, historical drill programs have intersected skarn and epithermal gold and silver mineralization, which are both intrusive-related styles of mineralization and are commonly associated with porphyry systems.

About Metalero Mining Corp.

Metalero Mining Corp. is a Canadian-based junior exploration company focused on copper and gold projects in North America. Its 166 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.

Qualified Person The technical content of this news release pertaining to the Benson Project was reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a non-independent qualified person as defined by National Instrument 43-101.

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

Metalero is part of the Metals Group of Companies, managed by exploration professionals who stand for technical excellence, robust project selection and strong corporate governance, with a proven ability to identify and capitalize on investment opportunities and deliver shareholder returns.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-Looking Statements This news release may contain certain "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company's exploration plans and results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements in this press release are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These include, but are not limited to, structure and terms of the Offering, the anticipated closing date of the Offering, the intended use of proceeds of the Offerings, and approval of the Offerings by the TSX-V, risks associated with the mining industry in general, the exploration and development of mineral properties, the Company's ability to obtain necessary financing, and general economic, market or business conditions. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR+ at www.sedarplus.ca. Metalero disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Not for distribution to United States newswire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267911

FAQ

What is the size and price of Metalero Mining's (CRTTF) private placement offering?

Metalero Mining is offering 1,250,000 flow-through units at $0.24 per unit to raise $300,000, with each unit including a warrant exercisable at $0.40 for one year.

Where is Metalero Mining's Benson Project located and what are its key features?

The Benson Project is located in the Quesnel Trough of central British Columbia, with access to Highway 26 and logging roads. The project area contains 5 different target areas identified through AI research, showing copper and gold surface anomalies.

How will Metalero Mining (CRTTF) use the proceeds from the private placement?

The proceeds will fund the Fall 2025 exploration work at the Benson Project, including further sampling and ground geophysics studies.

What is the significance of the Quesnel Trough where the Benson Project is located?

The Quesnel Trough is a 1,500 km long mineral belt hosting over 360 alkalic copper-gold porphyry occurrences and major mines including Highland Valley, Mt Milligan, and New Afton.

What type of mineralization has been found at the Benson Project?

Historical exploration has revealed gold and copper surface geochemical anomalies, along with skarn and epithermal gold and silver mineralization typically associated with porphyry systems.