Canary Gold Appoints Dr. Alan Carter to Advisory Board

Canary Gold Corp. Appoints Dr. Alan Carter to Advisory Board

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Vancouver, British Columbia – May 23, 2025 – Canary Gold Corp. (CSE: BRAZ | Frankfurt:

K5D) (“Canary” or the “Company”) is pleased to announce the appointment of Dr. Alan Carter

to the Company’s Advisory Board.

Dr. Carter is a highly accomplished geologist with over 35 years of experience in mineral

exploration and development. He has worked extensively throughout South America, including

Brazil, Peru, Argentina, Ecuador, Bolivia, and Chile. He holds a B.Sc. in G eology from the

University of Nottingham and a Ph.D. in gold geochemistry and structural geology from the

University of Southampton, U.K.

Dr. Carter has been directly involved in the discovery of five gold deposits, including the

Tocantinzinho gold mine in Brazil. He co - founded Magellan Minerals Inc., which was acquired

by Anfield Gold Corp. in 2016 and is now part of Equinox Gold. In 2016, he founded Cabral

Gold Inc., which he successfully led to a public listing in 2017, and where he currently serves as

President and CEO.

Earlier in his career, Dr. Carter spent 13 years with major mining companies including Rio Tinto,

Billiton, and BHP. Over the past two decades, he has founded, financed, and led several junior

exploration and development companies. He was also a co - founder of Peregrine Metals Ltd. and

Cuprum Resources Ltd., which were acquired by Stillwater Mining and B&A Mineracao,

respectively. He currently serves as a director and Chairman of Altamira Gold Corp.

Stock Option Grant

The Company also announces that it has granted an aggregate of 500,000 stock options to a

consultant of the Company pursuant to its Stock Option Plan. The options are exercisable at a

price of $0. 315 per common share and are valid for a period of five years from the date of grant.

The options will vest in equal quarterly installments over a two - year period.

Marketing Services Agreement

The Company also announces that it has engaged Outside the Box Capital Inc. (“OTB”) to

provide marketing services to communicate to the financial community information about the

Company . The agreement with OTB has a term of 6 months beginning May 23 , 2025 and ending

November 23 , 202 5 . Under the agreement, the Company will pay OTB $ 150 , 0 00 (plus taxes)

during the term . OTB is arm’s length to the Company and, to the knowledge of the Company,

neither OTB nor its principals have any present equity interest in the Company’s securities,

directly or indirectly, or any right to acquire any equity interest. OTB can be reached at: 2202

Green Orchard Place , Oakville, O ntario I6H 4V4 ; 289 - 259 - 4455 ; [email protected] .

About Canary Gold Corp.

Canary Gold Corp. 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%

undivided interest in the Rio Madeira Project through staged exploration expen ditures and

milestone payments.

For Further Information, Please Contact:

Canary Gold Corp.

Mark Tommasi, President

Tel: 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 o ther comparable terminology. All statements,

other than statements of historical fact, included in this release are forward - looking statements

that involve risks and uncertainties. In particular, this news release contains forward - looking

statements relati ng to the Company’s business plans, exploration activities, the grant and vesting

of stock options, and expectations regarding future performance and results.

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. Important factors that could cause

actual results to differ materially from the Company’s expecta tions include, but are not limited

to, risks detailed in the Company’s prospectus and in its continuous disclosure filings with

applicable securities regulators from time to time.

Readers are 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 due to numerous known and unknown risks, uncertainties, and

other factors, many of which are beyond the Company’s control. Readers are cautioned not to

place undue reliance on forward - looking information, which management believes to be

reasonable as of the date of this release, but which may pr ove to be incorrect. The Company

undertakes no obligation to update or revise any forward - looking statements except as required

by applicable law.

No securities exchange or commission has reviewed or accepts responsibility for the adequacy or

accuracy of this release.