Canary Gold Corp. Launches Major 20,000-Meter Drill Program at Brazilian Gold Project

Canary Gold Corp. has signed a drilling services contract with Geosol and Geosedna, subsidiaries of Brazil's largest drilling services group Geopar, to conduct 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 positive geological validation from the company's first year of field exploration and builds on heavy-mineral results recently analyzed by Overburden Drilling Management. The screw-auger program will focus on known Mocururu outcrops and conduct short step-outs to trace shallow extensions beneath cover, while the RC-AC program will systematically evaluate approximately 80 kilometers of prospective strike length using a 2 km × 1 km grid configuration.

This drilling represents the most comprehensive subsurface evaluation undertaken by Canary Gold to date and marks a significant escalation in exploration activity. The program aims to define the distribution, thickness, and continuity of gold-bearing Mocururu and related secondary targets across the company's extensive land position. According to company President Mark Tommasi, "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 across our dominant land position."

The Madeira River region represents one of Brazil's most prospective yet underexplored gold provinces, making this drilling program particularly significant for the mining industry. Successful results could potentially identify new gold resources in a region with limited modern exploration history. The program follows Canary Gold's recent expansion of its land position through an agreement to acquire additional mineral tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd., further consolidating its strategic position in the area.

Mobilization of drill contractors will commence in early January, with drilling to begin following site preparation and land access arrangements. The company plans to provide ongoing updates as drilling progresses and results become available. All scientific and technical information has been reviewed and approved by qualified personnel in accordance with National Instrument 43-101 standards.

While the drilling represents a major step forward, the company emphasizes that the information disclosed relates to early-stage exploration results. 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. The company's forward-looking statements regarding the program's potential significance are subject to various risks and uncertainties detailed in its continuous disclosure filings.