News

TORONTO, ONTARIO – September 7, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTC: MMTLF) is pleased to announce that it has received approval from the Ministry of Mines and Energy, Republic of Namibia for the partial (1/3) transfer of three separate concessions held by Giraffe Energy Investments Close Corporation (“Giraffe Energy”) and Otjiwa Mining and Prospecting Close Corporation named the Rössing North Uranium Project (the “First Transfer”) to Pennywort Investments (Pty) Limited, a wholly owned subsidiary of the Company. In connection with the completion of the First Transfer, the Company issued 533,333 common shares at a price of CAD$0.52 and made a cash payment in the amount of CAD$50,000.00 to Giraffe Energy.

TORONTO, ONTARIO, July 27, 2022, Madison Metals Inc. (the “Company”) (CSE: GREN) is pleased to announce the closing of its non-brokered private placement (the “Placement”). The Company issued 1,598,996 units (the “Units”) at a price of $0.60 per Unit for gross proceeds of $959,398.

TORONTO, July 11, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) is pleased to announce the delineation of two new uranium anomalies at its Rössing North Uranium Project in Namibia, Africa, one of the world’s top uranium-producing countries. Additionally, Madison is making ongoing exploration progress on its Exclusive Prospecting License 7011 (“EPL-7011”), a major untested anomaly adjacent to the Rössing Uranium Mine in the renowned Erongo uranium province of Namibia.

TORONTO, June 21, 2022 — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) is pleased to announce that the 2021 field exploration season identified follow-up drill targets to further confirm and expand on the Rössing geological model for uranium deposits thought to exist on the Kenora project.

TORONTO, Ontario – June 6, 2022 – Madison Metals Inc.(CSE: GREN) (“Madison” or the “Company”) is pleased to announce that the Canadian Securities Exchange (the “CSE”) has accepted for listing 5,238,564 common share purchase warrants (the “Warrants”). The CSE has advised that the Warrants (CUSIP: 55658R133 and ISIN: CA55658R1331) will be listed for trading on the CSE under the symbol GREN.WT effective at market open on June 7, 2022. Each Warrant is exercisable for one common share of the Company at an exercise price of $0.35 until January 26, 2023.

TORONTO, May 16, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) is pleased to announce that it has engaged Primoris Group Inc. (“Primoris”) to provide media and investor relations (IR) services to the Company. Primoris is a full-service communications agency.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, January 18, 2022 – Madison Metals Inc. (the “Company”) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. (“Cormark”), on behalf of a syndicate of agents (collectively, the “Agents”), pursuant to which the Agents have agreed to carry out a best efforts private placement of subscription receipts (the “Subscription Receipts”) of the Company for gross proceeds of C$10 million (the “Offering”). The Company intends to use the net proceeds of the Offering for exploration expenditures at its Kenora uranium project, the acquisition of the Rossing North Uranium project (as described below) and for general working capital purposes. The issue price of the Subscription Receipts will be determined in the context of the market and announced at a later date.

TORONTO, Jan. 17, 2022 — Madison Metals Inc. (the “Company” or “Madison”) is pleased to announce it has entered into a binding letter of intent (the “LOI”) with Giraffe Energy Investments Close Corporation and Otjiwa Mining and Prospecting Close Corporation (the “Vendors”) to contemplate the acquisition of 85% interest in 3 separate concessions named the Rössing North Uranium Project. This project is located in the Erongo Province, Namibia Africa, which hosts renowned uranium deposits such as the Rössing Mine, Husab, Valencia, Etango and the Langer Heinrich Mine.

TORONTO, Jan. 13, 2022 (GLOBE NEWSWIRE) — Madison Metals Inc. (the “Company”) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition”) from 2160083 Ontario Inc. of a 100% interest in Richard Lake Uranium Project consisting of approximately 1,411 unpatented mineral claims located around Kenora, Ontario. The consideration for the Acquisition consisted of 8,000,000 common shares in the capital of the Company (the “Consideration Shares”). The Consideration Shares are subject to certain escrow release conditions.