Canary Gold Reports Early Progress in Brazilian Exploration Campaign

Canary Gold Corp. has provided an update on exploration activities at its Madeira River Project in Rondonia, Brazil, reporting that approximately 300 metres of drilling have been completed from a planned 20,000-metre programme. The company emphasizes that this early-stage work is focused on testing geological models and building datasets, not yet determining economic potential.

Mark Tommasi, President of Canary Gold Corp., stated that the current phase is designed to test the geological model and collect data to guide future exploration. While the programme remains at an early stage, the information collected to date is consistent with the company’s stated exploration approach and will be used to progressively refine and prioritize targets.

The Madeira River Project is located within a broader gold-bearing district that hosts historic and active artisanal workings, including those at Zelia and Santo Antonio, situated immediately contiguous to the north and south of the company’s licences. These workings demonstrate gold endowment within the same regional geological setting being targeted by Canary. However, the company notes that mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on its own project.

The primary objective of the current drilling campaign is to generate a robust geological dataset that will allow the company to refine targets and vector towards areas of potential mineralisation. Canary expects that the 2026 drilling programme, informed by results and data collected during the current phase, will be critical in focusing exploration on the most prospective parts of the tenement package.

This exploration update follows the company’s expansion of its regional strategy through an agreement to acquire additional mineral tenements totaling approximately 94,700 hectares, as detailed in previous disclosures available at https://www.canarygold.ca. The scientific and technical information in the release was reviewed and approved by Andrew Lee Smith, P.Geo., Executive Director of Canary Gold Corp., who verified available geological logs, field notes, sampling documentation, and analytical certificates from the 2025 exploration program.

The company acknowledges that exploration of this nature requires patience, with only a small fraction of the planned drilling completed. In a supportive gold market environment, Canary remains committed to disciplined execution of its exploration strategy and to providing transparent updates as work progresses. The information disclosed relates to early-stage exploration results, and additional drilling and systematic sampling are required to further evaluate the significance of the geological features described.

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