Canary Gold Corp. Extends Deadline and Issues Shares in Connection with Rio Madeira Property Option Agreement at Rondônia, Brazil
Canary Gold Extends Deadline and Issues Shares in Connection with Rio
Madeira Property Option Agreement at Rondônia, Brazil
Vancouver, British Columbia – March 25, 2026 – Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt:
K5D) (“ Canary Gold ” or the “ Company ”) is pleased to announce its intention to meet its payment
obligations by the second anniversary of the Compan y’s Rio Madeira Property Option Agreement (the
“Option Agreement ”) dated April 1, 2024 between the Company and New Frontiers Gold Mineração Ltda.
(“ New Frontiers ”) (see the Company’s news release dated December 4 , 2024 for further information
respecting the Option Agreement).
To fulfill its second anniversary obligations under the Option Agreement, the Company must, on or before
April 1, 2026:
(i) pay an additional $200,000 to New Frontiers;
(ii) issue 800,000 common shares to New Frontiers at an issue price per share of $0.25, representing
an aggregate deemed value of $200,000; and
(iii) incur at least $2,500,000 in exploration expenditures (extended to July 1, 2026).
On or before April 1, 2026, the Company will pay $2 00,000 to New Frontiers and will issue 800,000
common shares to New Frontiers. When issued, in accordance with applicable laws and the policies of the
Canadian Securities Exchange, the shares will be su bject to a four month hold period expiring on Augus t
2, 2026.
The Company is also pleased to announce that it has reached an agreement to extend the deadline to
incur the exploration expenditures to July 1, 2026. All other terms of the Option Agreement remain
unchanged.
About Canary Gold Corp.
Canary Gold Corp. is a Canadian public exploration company focused on the acquisition and advancement
of gold projects in Brazil. The Company holds an option to earn up to a 70% undivided interest in the Rio
Madeira Project through a series of staged exploration expenditures and milestone payments.
In August 2025, Canary further expanded its regional strategy by entering into a definitive agreement to
acquire a 100% interest in ten additional mineral t enements totaling approximately 94,700 hectares
from Talisman Venture Partners Ltd. , a private British Columbia corporation. The total consideration of
CAD $1.7 million has been satisfied through staged cash and share payments.
Talisman retains a 1.0% net smelter return (NSR) ro yalty on future production from the acquired
tenements, one-half of which (reducing the NSR to 0 .5%) may be repurchased by the Company at any
time for CAD $1.0 million.
Together, these interests provide Canary Gold with a dominant and strategically consolidated land
position in the Madeira River region of Rondônia St ate — one of Brazil’s most prospective yet
underexplored gold provinces.
For Further Information, Please Contact:
Canary Gold Corp.
Mark Tommasi, President
Tel: (604) 318-1448
www.canarygold.ca
Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws that are not
historical facts. Forward-looking statements are of ten 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, inclu ding, without
limitation, statements regarding the Company ’s planned exploration programs and drill programs a nd 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 t hat could cause actual results to differ materially from the
Company ’s expectations include but are not limited to the r isks detailed in the Company ’s Prospectus and in the
continuous disclosure filings made by the Company w ith securities regulations from time to time. The r eader 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 resul t of numerous
known and unknown risks, uncertainties, and other f actors, 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-l ooking statements contained in this news release ar e 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 wi ll update or revise publicly any of the included fo rward-looking
statements only as expressly required by applicable law.
No securities exchange or commission has reviewed o r accepts responsibility for the adequacy or accura cy of this
release.
Disclaimer
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of
any securities in any jurisdiction in which such of fer, solicitation, or sale would be unlawful. The s ecurities of the
Company have not been and will not be registered un der the United States Securities Act of 1933, as am ended (the
“1933 Act”), or any state securities laws and may not be offered or sold in the “United States” or to “U.S. persons” (as
such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state
securities laws, or an exemption from such registration requirements is available.