Canary Gold Corp. Initiates Major 20,000-Meter Drilling Program at Brazilian Madeira River Project

Canary Gold Corp. has signed a drilling services contract with Geosol and Geosedna, subsidiaries of Brazil's largest drilling services group Geopar, to execute a 20,000-meter drilling program at its Madeira River Project in Rondônia, Brazil. The program consists of two concurrent components: approximately 5,000 meters of screw-auger drilling by Geosol and about 15,000 meters of Reverse Circulation-Aircore drilling by Geosedna.

The drilling initiative follows geological validation from the company's first year of field exploration and builds on positive heavy-mineral results recently analyzed by Overburden Drilling Management. The screw-auger program will focus on known Mocururu outcrops, conducting short step-outs of 25-50 meters to trace shallow extensions beneath cover. This modified dry-diamond technique provides high-quality, continuous sampling across the stratigraphic package hosting the Mocururu sediments.

The larger RC-AC program will systematically evaluate the extensive concealed Mocururu search space across approximately 80 kilometers of prospective strike within Canary's tenements. Drilling will follow a 2 km × 1 km drill-fence grid configuration, enabling reconnaissance-scale interrogation of the prospective stratigraphy. This approach is designed to efficiently identify the targeted Mocururu unit beneath cover throughout the company's dominant land position.

Mark Tommasi, President of Canary Gold, stated that securing Geosol and Geosedna represents a major operational milestone. The scale and design of this program constitute the most comprehensive subsurface evaluation undertaken by the company to date. The data generated from these drilling programs will be instrumental in defining the distribution, thickness, and continuity of the gold-bearing Mocururu and related secondary targets.

Mobilization will commence in early January, with drilling to begin following site preparation, staging, and land access. The company plans ongoing integration of screw-auger and RC-AC results with geological mapping, geochemistry, and heavy-mineral datasets. Target refinement and potential expansion of drilling will depend on early results, with further updates to be provided as drilling progresses.

The scientific and technical information has been reviewed and approved by Andrew Lee Smith, P.Geo., Executive Director of Canary Gold Corp., who is a Qualified Person as defined under National Instrument 43-101. The company notes that the information disclosed relates to early-stage exploration results, and heavy-mineral analyses and field-based observations do not provide quantitative gold grades and cannot be used to estimate mineral resources. Additional drilling, systematic sampling, and assay verification are required to determine the significance of the geological features described.

Canary Gold Corp. holds an option to earn up to a 70% undivided interest in the Rio Madeira Project through staged exploration expenditures and milestone payments. In August 2025, the company further advanced its regional strategy by entering into a definitive agreement to acquire a 100% interest in ten additional mineral tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd. for a total consideration of CAD $1.7 million. More information about the company can be found at https://www.canarygold.ca.