Vancouver, British Columbia – October 21st, 2025 – TheNewswire - Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) (“Canary Gold” or the “Company”) is pleased to announce that it is preparing to mobilize a field crew to its newly acquired Talisman Project in Rondônia State, Brazil, contingent upon receipt of the necessary exploration permits.

The upcoming fieldwork will include ground reconnaissance, geological mapping, and sampling designed to refine priority drill targets and expand the Company’s regional understanding of gold-bearing stratigraphy within the Madeira River Gold Province.

 

Advancing Multi-Front Exploration in the Madeira River Gold Province

The Talisman reconnaissance will complement ongoing preparations for the Company’s flagship Rio Madeira Project, located within the broader Madeira River Gold Province — a geologically favorable yet underexplored region of western Brazil.

Since its IPO, Canary Gold has transitioned rapidly from acquisition to active exploration. Key milestones include:

• Completion of a 1,950 m aircore drilling program confirming the presence of the targeted Mocururu stratigraphy; 

• A 457 m sonic drilling campaign achieving continuous core recovery through unconsolidated auriferous sediments, with visible gold grains observed in pan concentrates during sampling; 

• Establishment of an in-country sample-preparation facility in Porto Velho, enabling faster turnaround and improved QA/QC control; and 

• Delineation of two principal geological and radiometric domains (B and C) interpreted to host gold-bearing horizons across the Company’s extensive tenement package. 

These milestones provide preliminary geological indications that the target stratigraphy extends continuously across multiple tenements and warrants further systematic evaluation through drilling and assay testing.

 

Highlights

• District-scale land position: Over 160,000 hectares (≈ 618 sq. mi.) encompassing multiple high-priority gold targets. 

• Dual-front exploration: Planned reconnaissance at the Talisman Project and ongoing preparation for the 20,000-meter Drill Program at Rio Madeira. 

• Major drill campaign: Approximately 15,000 m of aircore and 5,000 m of screw-auger drilling designed to systematically test the 80 km-long Mocururu horizon. 

• Preliminary field observations: Visible gold grains in pan concentrates support continued exploration; assays pending to determine grade significance. 

• In-country infrastructure: Sample-preparation facility established in Porto Velho to support rapid turnaround and QA/QC control. 

• Well-funded programs: Oversubscribed private placements position the Company to fully execute its 2025 exploration plans. 

 

Finalizing the Drill Program

The Company is in the final stages of contracting and logistics planning for its upcoming multi-rig drill program at Rio Madeira, scheduled to commence in November.

The campaign will include approximately 15,000 m of aircore drilling and 5,000 m of specialized screw-auger drilling — a variation of diamond coring designed to recover high-integrity samples from water-saturated, unconsolidated, and semi-consolidated formations.

Samples will be submitted to an accredited laboratory for fire-assay and multi-element analysis under standard industry QA/QC protocols.

 

District-Scale Opportunity

Canary Gold now controls more than 160,000 hectares (≈ 618 sq. mi.) along the Madeira River corridor — one of Brazil’s most prospective yet underexplored gold regions.

This land position provides the Company with the scale necessary to evaluate multiple mineralized systems within a single contiguous district. The exploration model targets near-surface, gold-bearing sedimentary horizons interpreted to be geologically similar to the historic Mocururu Conglomerate and comparable in style to the Witwatersrand Basin (South Africa) and Jacobina Group (Bahia State, Brazil) — both renowned for their quartz-pebble conglomerate-hosted paleoplacer gold deposits.

Canary’s integration of geological mapping, radiometric interpretation, and systematic drilling provides a modern framework for evaluating this emerging gold province.

 

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Executive Comment

“Our technical and exploration teams are advancing aggressively on multiple fronts,” said Mark Tommasi, President of Canary Gold Corp. “The Talisman program will expand our regional footprint and enhance target generation, while the upcoming drill campaign represents an important step toward assessing the district-scale potential of the Rio Madeira Project.”

    

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Two figures accompanying this release illustrate geological and radiometric domains reflecting the interpreted location of the targeted stratigraphy (Domains B and C) across Canary’s tenements in the Rio Madeira Project area.

(Figures 1 and 2: Regional geological and radiometric interpretation maps of the Rio Madeira Project, Rondônia, Brazil)

 

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, B.Sc., P.Geo., ICD.D, Executive Chairman of Canary Gold Corp., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Mr. Smith has verified the exploration data disclosed herein, including drilling, sampling, and field observation procedures.

References to “visible gold” are based on field observations only. Such qualitative descriptions should not be interpreted as confirmation of grade, continuity, or economic potential until supported by laboratory assay results. All exploration information presented herein is preliminary and conceptual in nature.

The Company has not yet determined that any of its properties contain mineral resources or reserves as defined by NI 43-101.

 

About Canary Gold Corp.

Canary Gold Corp. is a Canadian public exploration company focused on the acquisition and development of gold projects in Brazil. The Company holds an option to earn up to a 70% undivided interest in the Rio Madeira Project through a series of 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., a private British Columbia corporation. The total consideration of CAD $1.7 million is being satisfied through staged cash and share payments, a portion of which remains to be completed in accordance with the terms of the agreement. Talisman retains a 1.0% net smelter return (NSR) royalty on future production from the acquired tenements, one-half of which (reducing the NSR to 0.5%) may be repurchased by the Company at any time for CAD $1.0 million.

Together, these interests provide Canary Gold with a dominant and strategically consolidated land position in the Madeira River region of Rondônia State — one of Brazil’s most prospective yet underexplored gold provinces.

 

For Further Information, Please Contact:
Canary Gold Corp.
Mark Tommasi, President
Tel: (604) 318-1448
www.canarygold.ca

 

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions, or their negatives. All statements, other than statements of historical fact, included in this release — including, without limitation, statements regarding the Company’s planned exploration and drill programs and the potential significance of results — are forward-looking statements that involve risks and uncertainties.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially include, but are not limited to, the risks detailed in the Company’s prospectus and in its continuous disclosure filings made with securities regulators from time to time.

Readers are cautioned not to place undue reliance on forward-looking information. Such information, though considered reasonable by management at the time of preparation, may prove to be incorrect, and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The Company does not undertake to update any forward-looking statements except as required by applicable law.