Canary Gold Corp. Identifies New Outcrops Of "Mocururu" At It's Madeira River Project, Rondonia, Brazil
(TheNewswire)
Vancouver, BritishColumbia – December 9th, 2025 – TheNewswire- Canary Gold Corp. (CSE: BRAZ; OTC: CNYGF;Frankfurt: K5D) (“Canary” or the “Company”) is pleased toannounce that its field team, as part of its ongoing explorationprogram, has identified a sequence of new “Mocururu” outcrops, aniron-cemented gravel historically recognized in the area of theMadeira River for hosting gold mineralization.
Preliminary panning of samples collected from these newoccurrences have resulted in the visual observation of gold particlesin concentrates. It iscritical to note that visual gold is a qualitative observation onlyand does not confirm grade, continuity or economicsignificance. Additional duplicate and replicatesamples are being prepared for analysis at SGS Laboratory in Braziland for physical examination at Overburden Drilling Management Ltd.(ODM), an internationally recognized Canadian laboratory specializingin heavy-mineral concentrate assessments.
The newly identified outcrops are situated within abelt interpreted by the Company’s geologicalteam as a zone exhibiting the most favourable geologicalcharacteristics observed to date adjacent to theright bank of the Madeira River. The integration of these discoveries,alongside ongoing data collection efforts, continues to support theCompany's hypothesis that sediments prospective for gold,originating from Andean erosion, have accumulated over time within theMadeira River basin in Rondônia, Brazil.
These datasets underpin Canary Gold’s phasedexploration strategy and will be further evaluated during the majordrilling program scheduled to commence in early 2026 across theCompany’s extensive tenement holdings (see press release datedDecember 2nd, 2025).
Figure 1. Location of the newly identified“Mocururu” outcrops within tenement 886.196/2017 . The sample withvisible gold is identified by the yellow star (VG) in the zoomedarea.
Figure 2. VisibleGold 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 encouragingindications of a gold-bearing sedimentary system across our landpackage. These new Mocururu discoveries fit directly into our broaderexploration strategy and provide further justification for thesignificant drill campaign we have planned for early 2026.”
Qualified PersonStatement (NI 43-101):
The scientific and technical information contained in this newsrelease has been reviewed and approved by Andrew Lee Smith,P.Geo. , Executive Director of Canary GoldCorp., who is a “Qualified Person” asdefined under National Instrument 43-101 – Standards of Disclosure forMineral Projects . Mr. Smithis notindependent of the Company, as he holdsan executive and board position.
DataVerification:
In verifying the scientific and technical information disclosedherein, the Qualified Person has reviewed all available geologicallogs, field notes, sampling documentation, heavy-mineral concentratereports, analytical certificates, laboratory procedures, and otherrelevant technical records associated with the Company’s 2025exploration program. Verification included assessment of samplingmethods, chain-of-custody protocols, security of samples fromcollection through transport to the laboratory, and a review of theanalytical methods used by Overburden Drilling Management Ltd.(“ODM”), an independent Canadian laboratory specializing inheavy-mineral evaluation. Where applicable, drill core photographs,stratigraphic profiles, and field observations were compared againstlaboratory findings to confirm consistency.
Limitations &Stage of Exploration:
The information disclosed herein relates to early-stage explorationresults , including heavy-mineralindicator mineral data, reconnaissance sampling, and preliminarygeological interpretations. Heavy-mineral analyses and field-basedobservations do not provide quantitative gold grades and cannot be used to estimate mineralresources . Additional drilling,systematic sampling, and assay verification are required to determinethe significance of the geological features described.
Visible GoldCaution:
The Qualified Person notes that visible gold described in this release is aqualitative field observation only .Visible gold does not confirm grade, continuity, or the presence ofeconomic mineralization . Quantitativedetermination of gold content requires fire-assay analysis andappropriate QA/QC procedures. Early-stage occurrences of visible goldshould not be interpreted as indicative of a mineral resource oreconomic viability.
Exploration Target& Geological Interpretation Caution:
Any reference to potential mineralization, sediment-hosted orpaleoplacer systems, or regional metal enrichment is conceptual innature . There has been insufficient exploration todefine a mineral resource , and it isuncertain whether further exploration will result in the delineationof a mineral resource. Geological models, including interpretations ofthe Mocururu horizon, sediment provenance, placer maturity, andbasin-scale transport mechanisms, are interpretivehypotheses based on limited datasets andshould not be considered definitive.
Historical orThird-Party Information:
Where the release refers to historical information, academicreferences, or third-party geological interpretations (includingODM’s technical commentary), such data have not been independentlyverified by the Qualified Person and maynot be representative of mineralization within Canary Gold’s current tenement boundaries. Historical information is not being treated as current andshould not be relied upon until verified by the Company
ABOUT ODM LTD
ODM Ltd is a leading international laboratory domiciledin Canada specializing in heavy-mineral concentrate analysis andsediment provenance studies for mineral exploration programsworldwide.
Canary Gold Corp. is a Canadian public exploration company focused on theacquisition and development of gold projects in Brazil. The Companyholds an option to earn up to a 70% undivided interest inthe Rio MadeiraProject through a series of staged explorationexpenditures and milestone payments.
In August 2025, the Company further advanced itsregional strategy by entering into a definitive agreement to acquire a100% interest in ten additional mineral tenements totalingapproximately 94,700 hectares from Talisman Venture Partners Ltd. , a private British Columbia corporation. The totalconsideration of CAD $1.7 million is being satisfied through stagedcash and share payments, a portion of which remains to be completed inaccordance with the terms of the agreement. Talisman retains a 1.0%net smelter return (NSR) royalty on future production from theacquired tenements, one-half of which (reducing the NSR to 0.5%) maybe repurchased by the Company at any time for CAD $1.0 million.
Together, these interests provide Canary Gold with adominant and strategically consolidated land position in the MadeiraRiver region of Rondônia State — one of Brazil’s most prospectiveyet underexplored gold provinces.
For Further Information, PleaseContact:
Canary Gold Corp.
Mark Tommasi,President
Tel: (604) 318-1448
www.canarygold.ca
This news release does notconstitute an offer to sell or a solicitation of an offer to buy norshall there be any sale of any securities in any jurisdiction in whichsuch offer, solicitation, or sale would be unlawful. The securities ofthe Company have not been and will not be registered under the UnitedStates Securities Act of 1933, as amended (the “1933 Act”), or anystate securities laws and may not be offered or sold in the “UnitedStates” or to “U.S. persons” (as such terms are defined inRegulation S under the 1933 Act) unless registered under the 1933 Actand applicable state securities laws, or an exemption from suchregistration requirements is available.
Cautionary Statement Regarding Forward-Looking Information
This news release containsforward-looking statements within the meaning of applicable securitieslaws that are not historical facts. Forward-looking statements areoften identified by terms such as “will”, “may”, “should”,“anticipates”, “expects”, “believes”, and similarexpressions or the negative of these words or other comparableterminology. All statements, other than statements of historical fact,included in this release, including, without limitation, statementsregarding the Company’s planned exploration programs and drillprograms and potential significance of results, are forward-lookingstatements that involve risks and uncertainties. There can be noassurance that such statements will prove to be accurate and actualresults and future events could differ materially from thoseanticipated in such statements. Important factors that could causeactual results to differ materially from the Company’s expectations include but are notlimited to the risks detailed in the Company’s Prospectus and in thecontinuous disclosure filings made by the Company with securitiesregulations from time to time. The reader is cautioned thatassumptions used in the preparation of any forward-looking informationmay prove to be incorrect. Events or circumstances may cause actualresults to differ materially from those predicted, as a result ofnumerous known and unknown risks, uncertainties, and other factors,many of which are beyond the control of the Company. The reader iscautioned not to place undue reliance on any forward-lookinginformation. Such information, although considered reasonable bymanagement at the time of preparation, may prove to be incorrect andactual results may differ materially from those anticipated.Forward-looking statements contained in this news release areexpressly qualified by this cautionary statement. The forward-lookingstatements contained in this news release are made as of the date ofthis news release and the Company will update or revise publicly anyof the included forward-looking statements only as expressly requiredby applicable law.
No securities exchange or commissionhas reviewed or accepts responsibility for the adequacy or accuracy ofthis release.
Copyright (c) 2025 TheNewswire - All rights reserved.
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