Canary Gold Reports Breakthrough Drill Results at Brazil's Madeira River Project

Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has announced highly encouraging early results from its ongoing drill program at the Madeira River Project in Brazil, suggesting the identification of a potentially significant paleochannel gold system. The company's recent shallow drilling, targeting interpreted paleochannel environments, intersected continuous sand and gravel horizons ranging from 1 to 3 metres thick at depths of 10 to 20 metres, consistent with its geological model for preserved auriferous fluvial systems. Gold was recovered from seven consecutive drill holes along a 200-meter fence, demonstrating lateral continuity, with two holes returning the highest gold grain counts recorded to date across the project area—individual samples yielded over 105 fine gold grains over approximately 3-metre intervals. The company emphasizes that gold grain counts are not equivalent to gold grade and do not indicate economic viability, but these results, supported by lithologies from the Mocururu Formation, indicate a preserved paleochannel system width exceeding 200 metres, pointing to potential for a laterally extensive gold-bearing system.

President Mark Tommasi hailed these findings as a "breakthrough" in exploration efforts at Madeira, expressing increasing confidence in vectoring into a meaningful gold-bearing system. Canary Gold is now advancing systematic follow-up drilling, including step-out holes along parallel fences, to better define the geometry, continuity, and controls on gold distribution. Operational capacity is improving with additional equipment, and a combined air-core/reverse circulation (AC/RC) rig is expected to be mobilized soon to accelerate drilling. The company, which holds an option to earn up to a 70% interest in the Rio Madeira Project, also expanded its regional strategy in August 2025 by agreeing to acquire a 100% interest in ten additional mineral tenements from Talisman Venture Partners Ltd., consolidating a dominant land position in Brazil's prospective Madeira River region. For further details, view the original release on www.newmediawire.com.

The scientific and technical information was reviewed by Qualified Person Andrew Lee Smith, P.Geo., with data verification involving independent laboratories like Overburden Drilling Management Ltd. (ODM). Sampling involved screw auger drilling on a 30-metre grid, with samples processed using a Brastorno CONSPEED LAB-CONCENTRATOR-CENTRIFUGE for heavy mineral concentrates, and gold grain counts conducted under controlled conditions. The company cautions that this is early-stage exploration, and additional drilling, sampling, and analysis are required to evaluate the system's significance fully. Canary Gold Corp. remains focused on advancing gold projects in Brazil, leveraging these promising results to potentially unlock value in one of the country's most underexplored gold provinces.