Canary Gold prepares for fieldwork at Talisman

Mr. Mark Tommasi reports CANARY GOLD CORP. PREPARING GROUND RECONNAISSANCE AT TALISMAN PROJECT AND ADVANCING PLANS FOR 20,000-METER DRILL PROGRAM AT RIO MADEIRA Canary Gold Corp. is preparing to mobilize a field crew to its newly acquired Talisman project in Rondonia state, Brazil, contingent upon receipt of the necessary exploration permits. The coming fieldwork will include ground reconnaissance, geological mapping and sampling designed to refine priority drill targets and expand the company's regional understanding of gold-bearing stratigraphy within the Madeira River gold province. Advancing multifront exploration in the Madeira River gold province The Talisman reconnaissance will complement continuing preparations for the company's flagship Rio Madeira project, located within the broader Madeira River gold province -- a geologically favourable yet underexplored region of western Brazil. Since its IPO (initial public offering), Canary Gold has transitioned rapidly from acquisition to active exploration. Key milestones include: Completion of a 1,950-metre air-core drilling program confirming the presence of the targeted Mocururu stratigraphy; A 457-metre sonic drilling campaign achieving continuous core recovery through unconsolidated auriferous sediments, with visible gold grains observed in pan concentrates during sampling; Establishment of an in-country sample preparation facility in Porto Velho, enabling faster turnaround and improved QA/QC (quality assurance/quality control) control; Delineation of two principal geological and radiometric domains (B and C) interpreted to host gold-bearing horizons across the company's extensive tenement package. These milestones provide preliminary geological indications that the target stratigraphy extends continuously across multiple tenements and warrants further systematic evaluation through drilling and assay testing. Highlights: District-scale land position: over 160,000 hectares (equal to 618 square miles) encompassing multiple high-priority gold targets; Dual-front exploration: planned reconnaissance at the Talisman project and continuing preparation for the 20,000-metre drill program at Rio Madeira; Major drill campaign: approximately 15,000 metres of air-core drilling and 5,000 metres of screw-auger drilling designed to systematically test the 80-kilometre-long Mocururu horizon; Preliminary field observations: visible gold grains in pan concentrates support continued exploration; assays pending to determine grade significance; In-country infrastructure: sample preparation facility established in Porto Velho to support rapid turnaround and QA/QC control; Well-financed programs: oversubscribed private placements position the company to fully execute its 2025 exploration plans. Finalizing the drill program The company is in the final stages of contracting and logistics planning for its coming multirig drill program at Rio Madeira, scheduled to commence in November. The campaign will include approximately 15,000 metres of air-core drilling and 5,000 metres of specialized screw-auger drilling -- a variation of diamond coring designed to recover high-integrity samples from water-saturated, unconsolidated and semi-consolidated formations. Samples will be submitted to an accredited laboratory for fire assay and multielement analysis under standard industry QA/QC protocols. District-scale opportunity Canary Gold now controls more than 160,000 hectares (equal to 618 square miles) along the Madeira River corridor -- one of Brazil's most prospective yet underexplored gold regions. This land position provides the company with the scale necessary to evaluate multiple mineralized systems within a single contiguous district. The exploration model targets near-surface, gold-bearing sedimentary horizons interpreted to be geologically similar to the historic Mocururu conglomerate and comparable in style with the Witwatersrand basin (South Africa) and Jacobina group (Bahia state, Brazil) -- both renowned for their quartz-pebble conglomerate-hosted paleoplacer gold deposits. Canary's integration of geological mapping, radiometric interpretation and systematic drilling provides a modern framework for evaluating this emerging gold province. Executive comment "Our technical and exploration teams are advancing aggressively on multiple fronts," said Mark Tommasi, president of Canary Gold. "The Talisman program will expand our regional footprint and enhance target generation while the upcoming drill campaign represents an important step toward assessing the district-scale potential of the Rio Madeira project." Qualified person The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, BSc, PGeo, ICDD, executive chairman of Canary Gold, who is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Smith has verified the exploration data disclosed herein, including drilling, sampling and field observation procedures. References to visible gold are based on field observations only. Such qualitative descriptions should not be interpreted as confirmation of grade, continuity or economic potential until supported by laboratory assay results. All exploration information presented herein is preliminary and conceptual in nature. The company has not yet determined that any of its properties contain mineral resources or reserves as defined by NI 43-101. About Canary Gold Corp. Canary Gold is a Canadian public exploration company focused on the acquisition and development of gold projects in Brazil. The company holds an option to earn up to a 70-per-cent undivided interest in the Rio Madeira project through a series of staged exploration expenditures and milestone payments. In August, 2025, the company further advanced its regional strategy by entering into a definitive agreement to acquire a 100-per-cent interest in 10 additional mineral tenements totalling approximately 94,700 hectares from Talisman Venture Partners Ltd., a private British Columbia corporation. The total consideration of $1.7-million is being satisfied through staged cash and share payments, a portion of which remains to be completed in accordance with the terms of the agreement. Talisman retains a 1.0-per-cent net smelter return (NSR) royalty on future production from the acquired tenements, one-half of which (reducing the NSR royalty to 0.5 per cent) may be repurchased by the company at any time for $1-million. Together, these interests provide Canary Gold with a dominant and strategically consolidated land position in the Madeira River region of Rondonia state -- one of Brazil's most prospective yet underexplored gold provinces. We seek Safe Harbor.