VANCOUVER, British Columbia – TheNewswire - February 5, 2025 -- GABO Mining Ltd. (formerly Medallion Resources Ltd). (TSX-V: GAB; OTCPK: MLLOF; Frankfurt: MRDN) (“GABO” or the “Company”) announces that it has approved the grant of 1,800,000 stock options to directors, advisors and consultants which are exercisable into common shares of GABO at a price of $0.08 per common share in accordance with TSX Policy 4.4, and subject to the rules of the TSX Venture Exchange and the Company’s Stock Option Plan. The options have a term of five years and will expire on February 3, 2030.

About GABO Mining (formerly Medallion Resources)

GABO is seeking opportunities in the resource sector within the Americas and has developed a proprietary process and related business model to achieve low-cost extraction of rare earth elements (“REE’s”) from monazite. REE’s are critical inputs to electric and hybrid vehicles, robotics, electronics, imaging systems, wind turbines, and strategic defense systems. GABO is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing, and the safe management of waste materials. GABO utilizes the Life Cycle Assessment methodology to support investment and process decision-making.

More about GABO (TSX-V: GAB; OTCPK: MLLOF; Frankfurt: MRDN) can be found at GABOMINING.COM

Contact(s):

Gabriel Alonso-Mendoza, President and CEO
gam@gabomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

GABO management takes full responsibility for the content of and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as any statements that describe GABOs’s plans with respect to general strategic matters and the advancement of its business plans.

Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks. Actual results in each case could differ materially from those currently anticipated. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, GABO disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required pursuant to applicable laws.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES