Canary Gold Corp. Identifies New Outcrops Of "Mocururu" At It's Madeira River Project, Rondonia, Brazil

Executive Summary

• Canary Gold identified a series of new “Mocururu” iron‑cemented gravel outcrops in tenement 886.196/2017 along the right bank of the Madeira River, with visual gold observed in panned concentrates.
• The discoveries support the company’s geological model for sediment‑hosted gold and justify a major drilling campaign slated for early 2026 across its extensive Madeira River land package.
• Additional duplicate and replicate samples are being sent to SGS Brazil and Overburden Drilling Management Ltd. for laboratory analysis; results will feed into the upcoming drill program.

Key Details

• New Outcrops: Multiple “Mocururu” outcrops located within tenement 886.196/2017; visual gold particles noted in field‑panned concentrates (qualitative observation only).
• Sampling Plan: Duplicate and replicate samples prepared for analysis at SGS Laboratory (Brazil) and heavy‑mineral concentrate assessment by Overburden Drilling Management Ltd. (ODM).
• Geological Interpretation: Outcrops lie within a belt deemed the most favorable geological setting observed to date adjacent to the Madeira River’s right bank; interpreted as part of a sedimentary system delivering Andean‑derived gold to the basin.
• Drill Program: Findings will be incorporated into a phased exploration strategy; a major drilling program is scheduled to commence in early 2026 across all Canary Gold tenements (referencing prior release dated 2 Dec 2025).
• Qualified Person Review: Andrew Lee Smith, P.Geo., Executive Director and Qualified Person, reviewed and approved the technical content under NI 43‑101.
• Cautionary Statements: Visible gold is a qualitative observation; no quantitative grades or resource estimates are provided. Further drilling, systematic sampling, and fire‑assay analysis are required to determine economic significance.

Notable Quotes

“Our team continues to uncover encouraging indications of a gold‑bearing sedimentary system across our land package. These new Mocururu discoveries fit directly into our broader exploration strategy and provide further justification for the significant drill campaign we have planned for early 2026.” – Mark Tommasi, President, Canary Gold Corp.