Canary Gold Corp. Signs Drilling Contract For Major 20000m Drill Program At The Madeira River Project, Rondonia, Brazil

Executive Summary

• Canary Gold Corp. has signed a drilling services contract with Geosol and Geosedna (subsidiaries of Geopar) to commence a dual‑focused exploration program at its Madeira River Project in Rondônia, Brazil.
• The program will deliver approximately 20,000 m of drilling: ~5,000 m of screw‑auger (modified dry‑diamond) drilling and ~15,000 m of Reverse Circulation/Aircore (RC‑AC) drilling across an 80 km strike length on a 2 km × 1 km grid.
• Mobilization is slated for early January 2026, with drilling to begin shortly after site preparation; results will be integrated with existing geological and heavy‑mineral data to refine targets.

Key Details

• Contract Partners: Geosol (screw‑auger) and Geosedna (RC‑AC), both wholly owned by Geopar.
• Drilling Scope:
• Screw‑auger: ~5,000 m total, 100 holes, focusing on known Mocururu outcrops with 25–50 m step‑outs to trace shallow extensions beneath cover (< 15‑20 m).
• RC‑AC: ~15,000 m total, 300 holes, systematic evaluation of the full 80 km strike length using a 2 km × 1 km drill‑fence/grid.
• Total Program: 400 holes, 20,000 m of drilling.
• Objectives: Validate and expand known outcrops, map near‑surface geometry, obtain continuous lithological and geochemical samples, and define the scale, thickness, and continuity of gold‑bearing Mocururu and secondary targets.
• Management Commentary (Mark Tommasi, President): Highlights the program as the most comprehensive subsurface evaluation to date, building on recent positive heavy‑mineral results and a year of fieldwork supporting the geological model.
• Timeline: Mobilization in early January 2026; drilling to follow site preparation, staging, and land access.
• Next Steps: Prepare drill pads, integrate drilling data with existing datasets, refine targets, and potentially expand drilling based on early results; further updates will be issued as the program progresses.
• Qualified Person Statement: Reviewed and approved by Andrew Lee Smith, P.Geo., Executive Director (non‑independent).

Notable Quotes

“Securing Geosol and Geosedna, both part of Geopar, is a major operational milestone for Canary Gold… The data generated from these drilling programs will be instrumental in defining the distribution, thickness, and continuity of the gold‑bearing Mocururu and related secondary targets across our dominant land position.” – Mark Tommasi, President

All forward‑looking statements are subject to risks and uncertainties as detailed in the release.