Madison Metals Engages Primoris Group for Media and Investor Relations

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TORONTO, May 16, 2022 (GLOBE NEWSWIRE) — 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.

Primoris will provide the Company with a full range of IR and media relations services under the direction of its principals, including the coordination of editorial coverage by print, radio, television and online media.

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“We are delighted to be working again with Primoris, which has a long history of success working with our management team, Madison shareholders and other companies in the mining industry,” said Duane Parnham, executive chairman and Madison CEO. “We are convinced that Primoris will play a key role in improving our visibility with the media and the investment communities. Their strong knowledge of our existing shareholder base should have a particularly strong impact in broadening investor relationships and building shareholder confidence as we continue to advance our uranium projects in Canada and Namibia. .

Under the terms of Madison’s agreement with Primoris, which commenced May 16, 2022 for a period of one year, Primoris will execute a comprehensive communications program to support the Company’s growth strategy, for which it will receive a fee $8,000 per month. Primoris has also been granted options to purchase 150,000 ordinary shares of the Company exercisable for a period of five years from the date of issue (the “Options”). The options will vest immediately and are subject to regulatory approval.

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The agreement between the Company and Primoris is renewable and may be terminated by either party upon 30 days written notice. The agreement between the Company and Primoris and the granting of the Options are subject to regulatory approval.

About Madison Metals Inc.

Madison Metals Inc is a green energy resource company with experienced management with particular expertise in the uranium mining industry. Madison’s corporate objective is to create value by advancing identified Rossing-type deposits in Canada and Namibia using advanced technology and modern strategies.

Additional information about Madison Metals Inc. is available at madisonmetals.ca and on the Company’s SEDAR profile at www.sedar.com.

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For more information, please contact:

Primoris Group Inc.
+1 416.489.0092
ir@madisonmetals.ca

Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
media@primorisgroup.com

Neither CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and, therefore, actual results and future events could differ materially from those expressed or implied by such statements. You are therefore cautioned not to place undue reliance on forward-looking statements. All statements other than statements of current or historical facts are forward-looking statements and include, but are not limited to, statements regarding the offering, qualification of the prospectus, CSE listing, acquisition of Rossing North and the use of the product of the Offer Offer. Forward-looking statements include words or phrases such as “proposed”, “will”, “subject to”, “near future”, “in the event”, “should”, “expect”, “will prepare for” and other similar words or phrases. Factors that could cause future results or events to differ materially from the current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political and social uncertainties; the state of capital markets; risks relating to (i) the ability of the parties to close the Offer, (ii) the ability of the Company to satisfy the Release Conditions of the escrow, (iii) the delay or absence of receipt of the approvals of the board of directors, shareholders, regulatory authorities or the courts, as the case may be, or any other conditions precedent to the completion of the transaction, (iv) the failure to realize the expected benefits of the offer, the listing of the CSE and the acquisition of Rossing North, (v) other unforeseen events, developments or factors causing any of the foregoing expectations, assumptions and other factors to be ultimately inaccurate or irrelevant; and any risks associated with the ongoing COVID-19 pandemic. You can find more information about these and other risks in documents filed with Canadian securities regulators which are available at www.sedar.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

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