GABO MINING LTD - MLLOF STOCK NEWS

Medallion Resources Ltd. has appointed Douglas Newby as the new Chief Financial Officer and Corporate Secretary. Newby brings extensive experience in finance, particularly in metals, having previously served as CFO of PolyMet Mining Corp. His appointment is aimed at supporting Medallion's planned up-listing to the Nasdaq Capital Market. Medallion has developed proprietary processes for low-cost rare-earth element production and licensed innovative separation technology from Purdue Research Foundation, enhancing its operational capabilities.

Medallion Resources Ltd. (OTCQB: MLLOF) announced that all resolutions were approved during its Annual General and Special Meeting held on May 27, 2022. A total of 34.86% of eligible shares were represented. Key outcomes included the election of six directors, re-appointment of auditors, and strong support for an Up-Listing Resolution to Nasdaq. Notably, 100% of shareholders approved a share consolidation to meet Nasdaq's minimum bid price requirement of $4.00 per share. This marks a significant step in Medallion's strategy to advance its rare earth element processing technologies.

Medallion Resources Ltd. (OTCQB: MLLOF) has made pivotal advancements through its partnership with ACDC Metals Pty Ltd. The companies are negotiating a licensing agreement for Medallion's proprietary Monazite Process, which aims to extract rare earth elements from monazite byproducts in southeastern Australia. ACDC plans to construct a processing hub and is preparing for an Initial Public Offering (IPO) on the Australian Stock Exchange, anticipated in late 2022. Medallion holds a 14% stake in ACDC and expects milestone payments and royalties as the project progresses.

Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF) plans to introduce a resolution at the upcoming Shareholders’ Meeting to allow its common shares to trade on the TSX Venture Exchange following a listing on the Nasdaq Capital Market. On May 12, 2022, it filed a registration statement with the U.S. Securities Exchange. To meet NasdaqCM's minimum bid price of $4.00, a share consolidation is proposed with a ratio of up to 90 pre-consolidation shares for each post-consolidation share. Positive responses were noted regarding the new strategy and leadership changes.

Medallion Resources Ltd. (OTCQB: MLLOF) will exhibit at the Vancouver Resource Investment Conference on May 17-18, 2022. The management team invites shareholders and potential investors to booth #309 to discuss their New Clean Energy Technology Strategy and recent activities. Medallion focuses on low-cost rare-earth element production from monazite and has licensed innovative separation technology from Purdue Research Foundation. REEs are crucial for electric vehicles, electronics, and defense systems. More information is available at medallionresources.com.

Medallion Resources Ltd. (OTCQB: MLLOF) announced an exclusivity agreement with a private research company for due diligence on rare earth element recycling technologies. The agreement allows three months for this evaluation. Medallion also clarified the scope of its licensed Ligand Assisted Displacement (LAD) Chromatography technology, which excludes coal and recycled battery/magnet materials for REE extraction. The company focuses on low-cost REE production from monazite, positioning itself in the critical REE market essential for various technologies, including electric vehicles.

Medallion Resources Ltd. has signed an exclusivity agreement with a private North American research company to explore innovative rare earth element (REE) metallization and recycling technologies. The agreement allows a three-month due diligence period to evaluate the Research Partner's proprietary processes, which promise lower energy consumption and no toxic chemicals. This could enhance Medallion's technology portfolio, including the Medallion Monazite Process, and potentially lead to rapid commercialization of REE recovery technologies essential for the clean energy transition.

Medallion Resources announces the appointment of Dr. Kurt Forrester as a director, enhancing its technical capabilities in rare earth elements (REE) at a crucial time. Dr. Forrester, currently Chief Technology Officer at SD Capital Advisory, brings extensive experience in engineering consulting and project finance for industrial and resource projects. The company is pursuing a U.S. market up-listing strategy with Chardan Capital Markets, which could boost its profile and attract U.S. investors in REE and electric vehicle sectors. This initiative is pending regulatory approvals.

Medallion Resources Ltd. (OTCQB: MLLOF) announced a corporate update focusing on enhancing shareholder value by participating in the renewable energy sector. A key milestone achieved is the Techno-Economic Assessment (TEA) validating the Medallion Monazite Process for extracting rare earth elements (REEs) sustainably. The firm is pursuing partnerships, including a new collaboration with ACDC Metals Ltd. A partnership with Purdue University further optimizes REE separation technologies. Medallion is engaging Chardan Capital Markets to support a potential up-listing to a major U.S. stock market, improving capital access for future growth.