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

Canary Gold Corp. has signed a drilling services contract with Geosol and Geosedna, subsidiaries of Geopar, Brazil's largest drilling services group, to conduct a 20,000-meter drilling program at its Madeira River Project in Rondônia, Brazil. This dual-focused program represents the company's most comprehensive subsurface evaluation to date and follows strong geological validation from the first year of field exploration, including positive heavy-mineral results analyzed by Overburden Drilling Management (ODM).

The program consists of two concurrent drilling components: approximately 5,000 meters of screw-auger drilling by Geosol and approximately 15,000 meters of Reverse Circulation-Aircore (RC-AC) drilling by Geosedna. 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 the full 80-kilometer strike length of prospective stratigraphy within Canary's tenements using a 2 km × 1 km grid configuration.

Mark Tommasi, President of Canary Gold, stated that securing Geosol and Geosedna represents a major operational milestone for the company. The data generated from these drilling programs will be instrumental in defining the distribution, thickness, and continuity of gold-bearing Mocururu and related secondary targets across the company's dominant land position. Mobilization will commence in early January with drilling to begin following site preparation, staging, and land access.

The drilling initiative builds on positive observations disclosed in last week's release summarizing heavy-mineral results from samples analyzed by Overburden Drilling Management (ODM). These results further supported the company's geological model and provided validation for advancing to this drilling phase. The program follows the company's definitive agreement to acquire additional mineral tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd., as detailed in their August 2025 announcement available at https://www.canarygold.ca.

According to the technical overview, the screw-auger technique provides high-quality, continuous sampling across the stratigraphic package hosting the Mocururu sediments, while the RC-AC program is designed to evaluate the broader, under-cover potential of the sedimentary formation containing the targeted gold-bearing Mocururu unit. The Qualified Person for this project, Andrew Lee Smith, P.Geo., has reviewed and approved the scientific and technical information, noting that visible gold observations are qualitative field observations only and do not confirm grade, continuity, or economic mineralization.

The company emphasizes that this represents early-stage exploration, and additional drilling, systematic sampling, and assay verification are required to determine the significance of the geological features described. The exploration target and geological interpretations remain conceptual in nature, with insufficient exploration to define a mineral resource at this stage. Further updates will be provided as drilling progresses, with ongoing integration of screw-auger and RC-AC results with geological mapping, geochemistry, and heavy-mineral datasets.