CRITICAL ONE ENERGY INC - MMTLF STOCK NEWS

Madison Metals announced a significant discovery at its Khan Uranium Project in Namibia.

The RC drill hole KM5RC003 intersected strong uranium mineralization over minable widths under trench area TR003.

The drill hole intersected four uranium-mineralized radiometric D-type leucogranites over 157 meters.

Spectrometer readings from chip samples showed high values, with 1.36% U3O8 at 45 meters and 1.54% U3O8 at 148 meters depth.

The mineralization is open in all directions and requires further drilling to determine its size and geometry.

Additional drilling is planned in the TR003, TR004, and TR005 trenching areas.

The technical information in the release was verified by Mary Barton, a Qualified Person under NI 43-101 standards.

Madison Metals has commenced its 2024 drill program at the Khan Uranium Project in Namibia, located in the Erongo uranium province.

The program will focus on specific areas identified in a prior release dated April 18, 2024. Results will be published as they become available and after thorough analysis.

Mary Barton, a Professional Natural Scientist and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information in the announcement.

Madison Metals Inc. provided an update on the Kenora Uranium Project, extending the first-year expenditure commitments for Great Northern Energy Inc. The agreement requires an investment of CDN $600,000 by May 3, 2025, and an additional CDN $300,000 by May 3, 2026, enabling Great Northern Energy to earn a 60% interest in the project. Madison Metals will retain a 40% carried interest once the earn-in terms are met. Additionally, the Company issued stock options for 1,200,000 common shares to its board of directors, management, and consultants at a price of CDN $0.29 per share.

Madison Metals Inc. engages Market One Media Group for marketing services to enhance investor engagement and communication regarding high-grade uranium discoveries at the Khan Project. The collaboration aims to drive shareholder value and visibility in the capital markets.

Madison Metals Inc. provides an update on the geologic mapping and surveying program at the Khan Project in Namibia's Erongo uranium province. The company outlines priority drill targets, identifies mineralized surface lithologies, and reports positive surface sample assays at Anomaly 5. The results show an increased surface expression of radiometric D-type leucogranites, with uranium grades above 0.1% U3O8.

Madison Metals Inc. announces positive assay results from the 2024 surface trench sampling program at the Khan Project in Namibia, showing high-grade uranium mineralization. The assays confirm the surface continuity of mineralized alaskites at Anomaly 5, with uranium grades above 0.1% U3O8 identified across six of the seven sampled trenches. Madison is encouraged by the discovery and plans to conduct a maiden drilling program to identify similar mineralization at depth. The Company's structural interpretation suggests significant mineralization potential below the high-grade U3O8 results at the surface.

Madison Metals Inc. has made a significant uranium discovery at Anomaly 5, with a surface sample of 8.47% U3O8 and an average of 1.33% U3O8. The discovery is within trucking distance to an existing processing facility, on a licensed mining site, and requires minimal capital to expedite production. The company's current exploration work follows initial fieldwork to ground-truth airborne radiometric anomalies. Madison Metals is positioned to become a key player in the uranium market.

Madison Metals Inc. provides an update on its uranium forward sales agreement with Sanmiguel Capital Investment (Bahamas) Ltd. Madison successfully received funds for its first tranche at an average price of US$68 per lb, well above the contractual established US$45 price floor. The forward sales agreement provides upside potential for advantageous pricing as the market continues to surge, with the uranium market experiencing an 88% spot price increase in 2023 and an additional 10% increase in the first two weeks of 2024. Madison's strategic mining assets in Namibia position it as a leading upstream explorer and developer in the uranium industry, set to capitalize on the global energy market shift towards sustainable energy.

Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) announces the listing of its common shares on the Frankfurt Stock Exchange, facilitating cross-border trading for international investors. Executive Chairman and CEO Duane Parnham highlights the strategic importance of this listing for broadening investor reach and enhancing liquidity, while advancing the company's strategic asset portfolio in Namibia's highly prospective Erongo uranium province.