Vancouver, British Columbia, June 6, 2025 – TheNewswire – Canary Gold Corp. (the “Company” or “Canary Gold”) (CSE: BRAZ, OTC: CNYGF, Frankfurt: K5D) is pleased to announce the successful completion of its inaugural Air-core drilling programme at its flagship Madeira River Project, Rondônia, Brazil.

The drilling programme encountered geology consistent with the Company’s exploration model with confirmation of the widespread presence of its primary gold bearing “Mocururu” target as well as important secondary targets associated with paleochannels.

The Company is now well positioned to expand its exploration efforts, with plans for property-wide drill testing along approximately 70 kilometres of highly prospective strike within its extensive 68,445-hectare tenement package.

“Completing this first round of drilling marks a pivotal step for Canary Gold. The confirmation of gold within our targeted Mocururu unit, and the scale of the prospective trend supports the Company’s planned expansion of its systematic exploration efforts across the entire tenement. These initial results provide a foundation for continued exploration across the broader tenement package.” stated Mark Tommasi, President of Canary Gold Corp.

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Figure 1.  Canary Gold´s Madeira River Project Area Tenement Package showing the location of the ongoing reconnaissance Air Core Drilling Programme centered on Tenement 012.

Air-core Drilling

The drilling campaign, which concluded in late May, comprised a total of 22 vertical Air-core holes for a cumulative 950 drill metres. The deepest hole reached a vertical depth of 70m.

Sample preparation is now underway, with samples being readied for dispatch to SGS Laboratory in Belo Horizonte for low-detection fire assay analysis. These results will play a key role in shaping the next phase of exploration activities.

To further strengthen its exploration toolkit, Canary Gold has acquired a Brastorno - Conspeed Gravity Concentrator - Centrifuge. This equipment will be used to upgrade the quality, quantity, and reduce sample preparation production time of concentrates recovered from the Air-core samples. The concentrates will provide vital information on the distribution of particulate gold within the sedimentary profile and will support the geological team’s work in interpreting sedimentary controls on gold mineralisation.

Canary Gold remains committed to systematic, data-driven exploration and looks forward to updating shareholders as assay results are received and interpreted.

Radiometrics Interpretation – Surface Regolith Map

In parallel with the drilling operations, the Company has been active in developing a surface-regolith map. This mapping integrates public domain radiometric datasets with the geological profiles intersected during the drilling campaign, enhancing the Company’s understanding of the distribution of regolith and underlying lithologies within the target area

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Figure 2.  Canary Gold´s Madeira River Project Area Tenement Package and collar positions of the recently completed 22-hole Air-core drilling programme overlain on the public domain Radiometric Image.

Surface Regolith Map Interpretation

Figure 3 below shows a surface regolith map interpreted from public domain radiometric data and validated by the recently completed Air-core drilling programme. This interpretation importantly shows the wide distribution of areas which are underlain by the prospective sedimentary package (orange areas on Figures 3 and 4) which hosts the primary “Mocururu” target horizon. The presence of gold within this “Mocururu” unit has been demonstrated from both surface outcrop samples and in material intersected in the Air-core drilling programme (see press release May 14th – 2025).

Figure 4 is a schematic cross-section (exaggerated vertical scale) across the northern portion of the Canary Tenement package showing the relative position of the sedimentary package that hosts the targeted gold bearing “Mocururu” horizon and the large scale paleochannels (yellow unit on Figures 3 and 4) which have reworked this unit to form secondary gold targets associated with favourable sedimentary depositional trap sites.

The interpretation suggests a wide distribution of the prospective Mocururu unit across the full >70km strike extent of the Canary tenement package which provides a remarkable search space for continued drill testing.  

 

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Figure 3. Regolith Map (interpreted from radiometrics and validated by Air-core drilling) across Canary Gold´s Tenement Package highlighting the widespread distribution of the primary gold bearing “Mocururu” target (orange) and location of paleochannels which control secondary gold targets (yellow).  Air-core drill collars from the recently completed programme are highlighted in green.

 

Figure 4. Schematic Cross-Section (validated by Air-core drilling) across the northern portion of Canary Gold’s Tenement Package highlighting the widespread distribution of the primary gold bearing “Mocururu” target (orange) and location of paleochannels which control secondary gold targets (yellow).  

QP Disclaimer

Andrew Lee Smith, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information related to the Madeira River Project in Rondônia, Brazil, disclosed herein. The information presented is based on Mr. Smith’s professional judgment and understanding of the project at the time of review. However, readers are cautioned that the conclusions and interpretations are subject to the inherent uncertainties and limitations associated with exploration activities.

About Canary Gold Corp.

Canary Gold Corp. is a mineral exploration company whose principal business is the acquisition and exploration of gold mineral exploration properties, with a focus in Rondônia, Brazil. The Company has the option to acquire up to a 70% undivided right, title, and interest in the Rio Madeira Project, a property that covers an area of 68,445 hectares of prospective geology in Rondônia, Brazil. More information about Canary can be found at www.canarygold.ca.

For further information, please contact:

Canary Gold Corp.
Mark Tommasi, President
Phone: 604-318-1448
www.canarygold.ca

Disclaimer Regarding Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions or the negative of these words or other comparable terminology. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding the Company’s planned exploration programmes and drill programmes and potential significance of results, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to the risks detailed in the Company’s Prospectus and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law. No securities exchange or commission has reviewed or accepts responsibility for the adequacy or accuracy of this release.