Canary Gold to Meet Rio Madeira Property Option Agreement Obligations

Vancouver, British Columbia — March 25, 2026 — Leads & Copy —

Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has announced its intention to meet payment obligations by the second anniversary of the Rio Madeira Property Option Agreement.

The Option Agreement, dated April 1, 2024, is between Canary Gold and New Frontiers Gold Mineração Ltda. Details about the agreement can be found in the company’s news release dated December 4, 2024.

To meet its obligations by April 1, 2026, Canary Gold must:

(i) Pay an additional $200,000 to New Frontiers;

(ii) Issue 800,000 common shares to New Frontiers at $0.25 per share, representing an aggregate deemed value of $200,000; and

(iii) Incur at least $2,500,000 in exploration expenditures (extended to July 1, 2026).

The company will pay $200,000 to New Frontiers and issue 800,000 common shares to New Frontiers on or before April 1, 2026. The shares will be subject to a four-month hold period expiring on August 2, 2026, in accordance with applicable laws and the policies of the Canadian Securities Exchange.

Canary Gold has also reached an agreement to extend the deadline to incur the exploration expenditures to July 1, 2026. All other terms of the Option Agreement remain unchanged.

Canary Gold Corp. is focused on the acquisition and advancement of gold projects in Brazil and holds an option to earn up to a 70% undivided interest in the Rio Madeira Project through staged exploration expenditures and milestone payments.

In August 2025, Canary expanded 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. The total consideration of CAD $1.7 million has been satisfied through staged cash and share payments.

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 Canary Gold at any time for CAD $1.0 million.

Together, these interests provide Canary Gold with a consolidated land position in the Madeira River region of Rondônia State.

Source: Canary Gold