Miata Metals Expands Near-Surface Gold System at Jons Trend with 27 m of 1.45 g/t gold and 16.5 m of 1.72 g/t Gold and Defines Three Mineralized Zones

On October 15, 2025, Miata Metals announced new drill results from its Sela Creek Gold Project in Suriname. * Jons Trend Zone: Drilling continues to expand the near-surface gold system. Key intercepts include: * Hole 25DDH-SEL-036: 27.0 meters of 1.45 g/t gold, including a higher-grade zone of 12.0 meters of 2.05 g/t gold. * Hole 25DDH-SEL-034: 16.5 meters of 1.72 g/t gold, including 6.0 meters of 2.99 g/t gold, starting from a shallow depth of 14.6 meters. * Geological Confidence: The results are reported to confirm the company's technical model of a large, continuous, shallow-dipping mineralized system with potential for open-pit mining. The system remains open for expansion. * Puma East Target: Reanalysis of a previous drill hole (25SEL-DDH-030) using a metallic screen assay upgraded the intercept to 5.3 meters of 8.25 g/t gold (from 6.57 g/t), including a very high-grade 0.5-meter section of 67.83 g/t gold. This suggests the presence of coarse gold. * Future Plans: The company has assays pending from seven additional drill holes and plans a further 3,000 meters of drilling at Jons Trend before the end of 2025 to test the full scale of the system. * Corporate: Miata has renewed a one-year, $263,000 digital marketing agreement with Bluehand Consulting AG for investor awareness.

The news is materially positive for Miata Metals. For a junior exploration company, consistently hitting mineralization and expanding the footprint of its primary target is the main driver of value.

Positives: * The drill results at Jons Trend (e.g., 27m @ 1.45 g/t Au) are solid for a bulk-tonnage, open-pit target. They are not spectacular, but they are economically interesting and demonstrate continuity. * The validation of the geological model reduces exploration risk and increases the probability of future drilling success. * The upgraded, high-grade result at Puma East (5.3m @ 8.25 g/t Au) is significant. It introduces the potential for a higher-grade component to the project, which could substantially improve future economic viability.

Negatives/Risks: * The stock price has already experienced a significant run-up, from a low of $0.19 in early September to $0.68 on the day before this news. This suggests that positive results were largely anticipated by the market. The news, while good, may only meet these heightened expectations rather than dramatically exceed them. * The mention of "coarse gold" at Puma East is a double-edged sword. While it explains the high-grade intercept, it also introduces the risk of a "nugget effect," where drill results can be erratic and difficult to replicate, making a reliable resource estimate challenging. * The renewal of a $263,000 marketing agreement is a significant cash outlay for an exploration company. This is capital not being spent on drilling. While investor awareness is important, such a large budget for promotion can be a red flag, indicating a focus on the stock price rather than purely on project fundamentals.

Overall, the release successfully advances the Sela Creek project. It provides tangible evidence of a growing gold system and provides clear catalysts for the coming months.

Miata Metals Corp. is a junior mineral exploration company focused on gold. Its flagship asset is the Sela Creek Gold Project in Suriname, where it is actively drilling to define a large, near-surface, open-pittable gold deposit. The primary target of the current drill program is the Jons Trend.