Canary Gold Corp. Identifies New Outcrops of “Mocururu” at it’s Madeira River Project, Rondônia, Brazil
CANARY GOLD CORP. IDENTIFIES NEW OUTCROPS OF “MOCURURU” AT IT ’ S MADEIRA RIVER
PROJECT, RONDÔNIA, BRAZIL
Vancouver, British Columbia – December 9th, 2025 – Canary Gold Corp. (CSE: BRAZ; OTC: CNYGF;
Frankfurt: K5D) (“Canary” or the “Company”) is pleased to announce that its field team, as part
of its ongoing exploration program, has identified a sequence of ne w “Mocururu” outcrops, an
iron - cemented gravel historically recognized in the area of the Madeira River for hosting gold
mineralization.
Preliminary panning of samples collected from these new occurrences have resulted in the visual
observation of gold particles in concentrates. It is critical to note that visual gold is a qualitative
observation only and does not confirm grade, continuity or economic significance. Additional
duplicate and replicate samples are being prepared for analysis at SGS Laboratory in Brazil and
for physical examination at Overburden Drilling Management Ltd. (ODM), an internationally
recognized Canadian laboratory sp ecializing in heavy - mineral concentrate assessments.
The newly identified outcrops are situated within a belt interpreted by the Company’s geological
team as a zone exhibiting the most favourable geological characteristics observed to date
adjacent to the right bank of the Madeira River. The integration of these discoveries, alongside
ongoing data collection efforts, continues to support the Company's hypothesis that sediments
prospective for gold, originating from Andean erosion, have accu mulated over time within the
Madeira River basin in Rondônia, Brazil.
These datasets underpin Canary Gold’s phased exploration strategy and will be further evaluated
during the major drilling program scheduled to commence in early 2026 across the Company’s
extensive tenement holdings (see press release dated December 2nd, 20 25).
Figure 1. L ocation of the newly identified “Mocururu” outcrops within tenement 886.196/2017 . The sample with visible gold
is identified by the yellow star (VG) in the zoomed area.
Figure 2. Visible G old occurrences in panned concentrate from the newly discovered “Mocururu” samples collected within
tenement 886.196/2017 (location is shown in the figure 1).
Mark Tommasi, President of Canary Gold commented “ Our team continues to uncover
encouraging indications of a gold - bearing sedimentary system across our land package. These
new Mocururu discoveries fit directly into our broader exploration strategy and provide further
justification for the significant drill campaign we have planned for early 2026.”
Qualified Person Statement (NI 43 - 101):
The scientific and technical information contained in this news release has been reviewed and approved
by Andrew Lee Smith, P.Geo. , Executive Director of Canary Gold Corp., who is a “Qualified Person” as
defined under National Instrument 43 - 101 – Standards of Disclosure for Mineral Projects . Mr. Smith
is not independent of the Company, as he holds an executive and board position.
Data Verification:
In verifying the scientific and technical information disclosed herein, the Qualified Person has reviewed
all available geological logs, field notes, sampling documentation, heavy - mineral concentrate reports,
analytical certificates, laboratory procedures, and other relevant technical records associated with the
Company’s 2025 exploration program. Verification included assessment of sampling methods, chain - of -
custody protocols, security of samples from collection through transport to the laboratory, and a review
of the analytical methods used by Overburden Drilling Management Ltd. (“ODM”), an independent
Canadian laboratory specializing in heavy - mineral evaluation. Where applicable, drill core photographs,
stratigraphic profiles, and field observations were compared against laboratory findings to confirm
consistency.
Limitations & Stage of Exploration:
The information disclosed herein relates to early - stage exploration results , including heavy - mineral
indicator mineral data, reconnaissance sampling, and preliminary geological interpretations. Heavy -
mineral analyses and field - based observations do not provide quantitative gold grades and cannot be
used to estimate mineral resources . Additional drilling, systematic sampling, and assay verification are
required to determine the significance of the geological features descr ibed.
Visible Gold Caution:
The Qualified Person notes that visible gold described in this release is a qualitative field observation
only . Visible gold does not confirm grade, continuity, or the presence of economic mineralization .
Quantitative determination of gold content requires fire - assay analysis and appropriate QA/QC
procedures. Early - stage occurrences of visible gold should not be interpreted as indicative of a mineral
resource or economic viability.
Exploration Target & Geological Interpretation Caution:
Any reference to potential mineralization, sediment - hosted or paleoplacer systems, or regional metal
enrichment is conceptual in nature . There has been insufficient exploration to define a mineral
resource , and it is uncertain whether further exploration will result in the delineation of a mineral
resource. Geological models, including interpretations of the Mocururu horizon, sediment provenance,
placer maturity, and basin - scale transport mechanisms, a re interpretive hypotheses based on limited
datasets and should not be considered definitive.
Historical or Third - Party Information:
Where the release refers to historical information, academic references, or third - party geological
interpretations (including ODM’s technical commentary), such data have not been independently
verified by the Qualified Person and may not be representative of mineralization within Canary Gold’s
current tenement boundaries. Historical information is not being treated as current and should
not be relied upon until verified by the Company
ABOUT ODM LTD
ODM Ltd is a leading international laboratory domiciled in Canada specializing in heavy - mineral
concentrate analysis and sediment provenance studies for mineral exploration programs worldwide.
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 a series of staged exploration expenditures and milestone
payments.
In August 2025, the Company further advanced its regional strategy by entering into a definitive
agreement to acquire a 100% interest in ten additional mineral tenements totaling approximately
94,700 hectares from Talisman Venture Partners Ltd. , a private British Columbia corporation. The total
consideration of CAD $1.7 million is being satisfied through staged cash and share payments, a portion
of which remains to be completed in accordance with the terms of the agreement. Talisman retains a
1. 0% net smelt er return (NSR) royalty 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 State — 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
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 offer, solicitation, or sale would be unlawful. The securities of the
Company have n ot been and will not be registered under the United States Securities Act of 1933, as amended (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.
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 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 expl oration programs and drill programs 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 co uld 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 caus e 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 f orward - 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 n ews 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.