Canary Gold Corp. Discovers New Gold-Bearing Outcrops at Madeira River Project in Brazil

Canary Gold Corp. announced that its field team has identified a sequence of new "Mocururu" outcrops during ongoing exploration at its Madeira River Project in Rondônia, Brazil. These iron-cemented gravels have historically been recognized in the area for hosting gold mineralization. Preliminary panning of samples collected from these new occurrences resulted in the visual observation of gold particles in concentrates, though this qualitative observation does not confirm grade, continuity, or economic significance.

Additional duplicate and replicate samples are being prepared for analysis at SGS Laboratory in Brazil and for physical examination at Overburden Drilling Management Ltd., an internationally recognized Canadian laboratory specializing in heavy-mineral concentrate assessments. The newly identified outcrops are situated within a belt interpreted by the Company's geological team as exhibiting the most favourable geological characteristics observed to date adjacent to the right bank of the Madeira River.

The integration of these discoveries, alongside ongoing data collection efforts, continues to support the Company's hypothesis that sediments prospective for gold, originating from Andean erosion, have accumulated over time within the Madeira River basin. These datasets underpin Canary Gold's phased exploration strategy and will be further evaluated during the major drilling program scheduled to commence in early 2026 across the Company's extensive tenement holdings.

Mark Tommasi, President of Canary Gold, commented that these new Mocururu discoveries fit directly into the broader exploration strategy and provide further justification for the significant drill campaign planned for early 2026. The scientific and technical information contained in the announcement 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.

It is important to note that the information disclosed relates to early-stage exploration results, including heavy-mineral indicator mineral data, reconnaissance sampling, and preliminary geological interpretations. 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 visible gold described in the release is a qualitative field observation only and does not confirm grade, continuity, or the presence of economic mineralization. Quantitative determination of gold content requires fire-assay analysis and appropriate QA/QC procedures. Early-stage occurrences of visible gold should not be interpreted as indicative of a mineral resource or economic viability.

Any reference to potential mineralization, sediment-hosted or paleoplacer systems, or regional metal enrichment is conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the delineation of a mineral resource. Geological models, including interpretations of the Mocururu horizon, sediment provenance, placer maturity, and basin-scale transport mechanisms, are interpretive hypotheses based on limited datasets.