Miata Intersects 13.59 m at 10.33 g/t Au, Including 3.56 m at 37.62 g/t Au, at Jons Trend, Sela Creek, Suriname

Miata Metals Corp. (MMET) reported pre-market results on October 29, 2026, at 06:30 ET, for four holes from the ongoing 25,000 m diamond drilling program at the Sela Creek project in Suriname. The new data, covering holes 26DDH-JT-026 through JT-030, further defines the Jons Trend central axis.

As reported, down-hole lengths with company-estimated true widths include:

• 26DDH-JT-026: 13.59 m @ 10.33 g/t Au from 184.41 m (est. TW 10.41 m), including 3.56 m @ 37.62 g/t Au from 184.41 m (est. TW 2.73 m). Visible gold, silica-sulfide breccia in a southwest-dipping vein array.
• 26DDH-JT-026 second zone: 21.0 m @ 1.01 g/t Au from 207.0 m (est. TW 18.19 m), including 6.0 m @ 1.36 g/t from 212 m and 6.95 m @ 1.45 g/t from 219 m.
• 26DDH-JT-026 additional: 4.52 m @ 1.14 g/t from 132.48 m (TW 3.46 m); 1.0 m @ 3.53 g/t from 238 m; plus eight sub-1.5 g/t intervals including 1.5 m @ 0.66 g/t saprolite at 8.7 m.
• 26DDH-JT-027 (western boundary test): 3.60 m @ 2.63 g/t from 106.5 m (TW 3.48 m); 6.82 m @ 1.05 g/t from 157 m (TW 4.82 m); 15.62 m @ 0.65 g/t from 189 m (TW 14.16 m); plus assorted 1 m sub-1 g/t intervals.
• 26DDH-JT-028: 1.5 m @ 0.67 g/t. 26DDH-JT-029: 3.0 m @ 0.60 g/t (saprolite). 26DDH-JT-030: 1.5 m @ 1.28 g/t.

Collar locations confirm the geometry of the system. Hole JT-026 is located at 754848E/418028N, with an azimuth of 25°, dip of -70°, and a depth of 275.1 m. Hole JT-027 is situated at 754761E/418064N, with an azimuth of 357° and a dip of -55°. Holes JT-028, JT-029, and JT-030 were positioned approximately 450 m northwest of JT-026 and returned essentially no significant intercepts. The release characterizes JT-028 through JT-030 as defining the western and northwestern boundary of the system.

Miata Metals Corp. (MMET) reported drill results from its Jons Trend project, highlighting a high-grade intercept that the company describes as the best grade-width intersection drilled to date in the core of the deposit. The company remains a pre-resource explorer with no mineral resource estimate, reserve, preliminary economic assessment, or mine plan in place.

The latest results include the following intercepts:

• 43.0 m @ 2.42 g/t gold (104 g·m; 80 g·m on 32.94 m true width)
• 25.6 m @ 1.96 g/t gold (50 g·m; 46 g·m true width)

These results follow earlier anchors, including JT-023 (120 g·m, 29-Sep), JT-019 (122 g·m, 13-Jul), and JT-008 (136 g·m down-hole / 96 g·m true width, 14-Apr).

The new data features a 10.3 g/t intercept over 13.59 m, representing a significant increase in grade compared to the previous anchor’s 2.42 g/t, though over a shorter interval. The gram-metre value increased by 35% on a down-hole basis and by 35% on a true-width basis. The company states the hole was drilled from the southwest flank of the central Jons Trend, aimed north-northeast at depth beneath the plunge of the JT-025 area, serving as a step-out to test vertical continuity.

The results add a demonstrable high-grade shoot where the geological model predicted one and extend the vertical continuity of the central axis. Metallurgical recovery data of 94.6% is already on file for the deposit. The metal concentration is noted to be within a 3.6 m interval. The discovery does not add a new zone or change the scale of the system.

Miata Metals has a market capitalization of C$104 million and an enterprise value of approximately C$78 million, based on C$26.6 million in cash as of the August 18, 2026 financing close. The stock closed at C$0.73 on October 19-20 and fell to C$0.62 by October 28, a 15% decline. The stock has retraced 24% from its high of C$0.82 on October 9, following a 74% rise from C$0.47 on July 30. The 52-week trading range is C$0.36 to C$0.82.

Miata Metals Corp. (TSXV: MMET; OTCQX: MMETF; FSE: 8NQ) is a Vancouver-based, pre-revenue gold explorer listed on the TSX Venture since 23-Apr-2026, having previously listed on the CSE. The company holds a 70% beneficial interest in the ~215 km² Sela Creek Gold Project in Suriname, with an option to acquire 100% ownership through staged cash and share payments. These payments include US$500k cash and C$650k stock at the second anniversary, and US$1M cash and C$1M stock at the third anniversary by August 2027. The project also carries a 2% net smelter return (NSR), of which 1% is buyable. Located on the Guiana Shield greenstone belt approximately 20 km south of Newmont's Merian mine and one hour by air from Paramaribo, the exploration permit was renewed in 2025. Current authorization permits only exploration activities, with no tailings facility.

Key targets at Sela Creek include the Jons Trend, described as the anchor discovery featuring a ~1.5 km strike and a stacked southwest-dipping vein array extending from the surface to more than 250 m vertically. Other targets include Big Berg, which returned 96 m @ 1.41 g/t in near-surface drilling approximately 1 km southeast of Jons Trend, and the Puma East and Puma West zones located ~3 km southeast, where Puma East returned 17.19 m @ 3.14 g/t. Additional prospects include Golden Hand, Howler, Stranger, and Cambior, alongside a list of conceptual targets.

Miata also holds a 70% beneficial interest in the ~200 km² Nassau Gold Project in Suriname, with an option to acquire 100%. Surface and auger sampling are the only authorized activities. Concessions 371/19 and 372/19 are expired, with renewal applications pending.

The company’s management team includes CEO and P.Geo., QP Dr. Jacob (Jaap) Verbaas, CFO John Wenger, VP Exploration Luke Bickerton, and Country Manager Steven Alfaisi. James Reid serves as Executive Chair, having been appointed on 1-Oct-2026, with 1,683,331 performance share units (PSUs) vesting only upon a change of control or commercial production. The board also includes Danae Voormeij and Derk Hartman.

As of 18-Aug-2026, Miata Metals had 168,183,129 shares outstanding and 196,327,961 fully diluted shares, with approximately C$26.6M in cash and no debt. The book value was C$0.18 per share as of 31-Mar-2026. La Mancha Resource Fund holds 19.9% of the company, or 33,468,442 shares, acquired at C$0.41. This stake is subject to an 18-month lock-up, a two-year standstill at 25%, a board nominee seat, and a four-month statutory hold expiring 19-Dec-2026.

The company previously raised C$11.5M at C$0.48 in December 2025 and C$25.2M at C$0.41 in August 2026 through a bought deal and La Mancha participation. Sprott Capital Partners and Agentis Capital are named in the company's materials, though no analyst notes, targets, or consensus are provided. For the nine months ended 31-Mar-2026, the company reported a net loss of C$9.41M, with exploration expenses of C$6.79M and SG&A of C$6.35M. Operating cash outflow was C$9.06M, with working capital of C$8.53M and no debt. Management disclosed a going-concern flag for this period.