Miata drills 18 m of 2.58 g/t Au at Sela Creek

Dr. Jacob Verbaas reports MIATA METALS INTERSECTS 18 M AT 2.58 G/T GOLD NEAR SURFACE AT PUMA TARGET, SELA CREEK Miata Metals Corp. has intersected significant, near-surface mineralization in its initial drilling at the Puma target on its Sela Creek gold project. The Puma target spans approximately 2.7 kilometres of strike length. Highlights: Initial drilling at Puma yielded 18 metres at 2.58 grams per tonne gold from 5.6 metres, including: 7.5 m at 5.64 g/t Au from 10.1 m; and 1.5 m at 20.88 g/t Au from 16.1 m. The entire mineralized intercept is hosted in saprolite, an oxidized and weathered bedrock material favourable for low-cost processing. The drill hole is located in the central Puma target, where artisanal workings extend over 2.7 km of strike. This Puma intercept marks the strongest drill result to date at Sela Creek and underscores district-scale potential for wide zones of high-grade gold. Follow-up trenching and drilling are under way to define the extent and continuity of this newly discovered, mineralized zone. "This early result at Puma is the strongest result we've seen to date at Sela Creek and is a clear signal that high-grade gold mineralization occurs over significant widths on the project," stated Dr. Jaap Verbaas, chief executive officer of Miata Metals. "Intersecting 18 metres at 2.58 g/t gold near surface confirms Puma as a highly prospective target with the right geological setting for a large orogenic gold system. Just as important, this gives us a road map for follow-up drilling along the 2.7-kilometre trend and across our broader pipeline of targets. We believe this is only the beginning of unlocking the district-scale opportunity at Sela Creek." The company will follow up on this intercept with trenching and drilling to define the orientation and continuity of the mineralized zone. Results from Puma will also inform targeting across Miata's broader portfolio of high-priority zones within the 215-square-kilometre Sela Creek concession, where multiple untested trends remain open for discovery. A full table of drill results to date can by found at the company's website. Drilling, combined with surface exploration to date at Puma indicates a relatively flat-lying mineralized horizon, open along strike and at depth. Drilling to date has only tested a small portion of the 2.7-kilometre trend with wide spacing, leaving considerable room for discovery. With the onset of the dry season in Suriname, Miata is currently using two excavators to accelerate surface work, including trenching, access and drill pad preparation. This will allow for more efficient advancement of Puma as well as other high-priority targets across the 215-square-kilometre concession. Quality assurance/quality control Drill core samples are sent to Filab in Paramaribo, an ISO certified laboratory for 50-gram aliquot fire assay for gold. Both the company and Filab insert standards, duplicates and blanks at select intervals, all of which yielded acceptable values. Qualified person statement The scientific and technical information in this news release has been reviewed and approved by Dr. Jacob Verbaas, PGeo, a director of the company, a qualified person as defined under the definitions of National Instrument 43-101 (Standards of Disclosure for Mineral Projects). About Miata Metals Corp. Miata Metals is a Canadian mineral exploration company listed on the Canadian Securities Exchange, as well as the OTCQB and Frankfurt exchanges. The company is focused on the acquisition, exploration and development of mineral properties. The company holds a 70-per-cent interest in the approximately 215-square-kilometre Sela Creek gold project with an option to acquire a full 100-per-cent interest in the project, and a 70-per-cent beneficial interest in the Nassau gold project in Suriname with an option to acquire 100 per cent. Both exploration properties are located in the greenstone belt of Suriname. We seek Safe Harbor.