Mercado Minerals Announces $5,500,000 Non-Brokered Private Placement with Lead Orders from Strategic Investors

Vancouver, BC, November 13, 2025 – Mercado Minerals Ltd. (CSE: MERC) ("Mercado" or the "Company") is pleased to announce a non-brokered private placement of up to 27,500,000 units of the Company (each, a "Unit") at a price of C$0.20 per Unit for gross proceeds to the Company of up to C$5,500,000 (the "Offering"). Each Unit shall consist of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one Common Share (a "Warrant Share") at a price of C$0.35 for a period of 36 months. The proposed financing comes with lead orders from strategic investors.

Proceeds from the Offering will be allocated towards exploration of the recently acquired properties Copalito and Zamora, acquisition costs, the generation of new project acquisitions, investor relations programs, and general corporate working capital.

Finder's fees of up to 7% in cash and 7% in finder’s warrants will be paid to eligible parties. Each finder’s warrant is exercisable at C$0.35 for a period of 36 months.

Insiders may participate in the Offering. The Company will rely on exemptions from the valuation and minority shareholder approval requirements contained in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.  All securities issued under the Offering will be subject to a hold period of four months and one day in accordance with applicable securities laws. The closing of the Offering is expected to occur in early December 2025, subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About Mercado Minerals Ltd.

Mercado Minerals Ltd. (CSE: MERC) is a company involved in the business of acquiring and exploring mineral properties in the Americas. Mercado has been primarily involved in the exploration and evaluation of the Porter Property, located within the Alberni Mining Divisions of British Columbia.

For further information, contact:

Daniel Rodriguez

CEO & Director

Phone: (604) 353-4080

Email:drodriguez@mercadominerals.com

John Fraser

VP Business Development & Director

Phone: (604) 838-7677

Email:jfraser@mercadominerals.com

Forward-Looking Statement (Safe Harbor Statement):

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate," "plan," "continue," "expect," "estimate," "objective," "may," "will," "project," "should," "predict," "potential" and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company’s exploration plans and the intended use of proceeds from the Offering.  Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.