Canary Gold Completes Inaugural Air-Core Drilling Programme and Advances Exploration Activities

Canary Gold Completes Inaugural Air - Core Drilling Programme and Advances

Exploration Activities

Vancouver, British Columbia, June 6 , 2025 – 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 program me 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.

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 re covered 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 mineralisatio n.

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 Comp any’s understanding of the

distribution of regolith and underlying lithologies within the target area

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 th e Air - core drilling programme ( see press release May 14 th

– 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.

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 he rein. 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 limi tations 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, titl e, 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”, “belie ves”, 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 program me s and drill program me s 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 a nticipated in such statements. Important factors that could cause

actual results to differ materi ally 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

assu mptions 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 ot her 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 t o 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 ar e 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 responsibili ty for the adequacy or

accuracy of this release.