VANCOUVER, British Columbia, May 04, 2026 (GLOBE NEWSWIRE) — Monteoro Minerals Ltd. (“Monteoro”) announces that, further to Monteoro’s news release dated March 30, 2026, it has entered into an amended engagement agreement with Haywood Securities Inc. (“Haywood”) as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents including Research Capital Corp. (together with Haywood, the “Agents”), pursuant to which the Agents have agreed to sell, on a “best efforts” private placement basis, of a minimum of 6,666,667 and up to a maximum of 13,333,333 subscription receipts of Monteoro (the “Subscription Receipts”) at a price of C$0.75 per Subscription Receipt (the “Issue Price”) for minimum aggregate gross proceeds to the Company of C$5,000,000 and maximum aggregate gross proceeds to the Company of C$10,000,000 (the “Concurrent Offering”). Closing of the Concurrent Offering is expected to occur on or about June 3, 2026, or such other date as agreed between the Agents and Monteoro, each acting reasonably. Monteoro has also granted the Agents an option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Concurrent Offering, to sell up to an additional 2,000,000 Subscription Receipts at the Issue Price, for additional aggregate gross proceeds to the Company of up to C$1,500,000.