New Risk • Apr 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.4m (US$9.08m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.4m market cap, or US$9.08m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$16.5m market cap, or US$12.0m). Announcement • Feb 17
Canary Gold Corp., Annual General Meeting, Apr 22, 2026 Canary Gold Corp., Annual General Meeting, Apr 22, 2026. Announcement • Jan 17
Canary Gold Corp. Commences 20,000-Metre Dual-Rig Drilling Program At Madeira Project Canary Gold Corp. announced the mobilization of its 2026 exploration program at the Madeira Project, marked by the arrival of the first drill rig on site. The Company has engaged Geosol, a leading drilling services contractor, to execute a comprehensive, multi-rig drilling campaign focused on defining near-surface mineralization. The exploration program is designed with a dual-rig strategy, combining specialized drilling for geological definition with rapid regional coverage. The first drill rig has arrived on site and is currently mobilizing to initial collar locations. The rig utilizes a screw-auger drilling system, a specialized technique that represents a variation of diamond drilling optimized for unconsolidated ground conditions. This method is specifically designed to recover high-quality samples from the favourable "Mocururu" geologic horizon and associated prospective gravel beds. Key highlights of the screw-auger program include: Targeting: Definition of high-priority geological zones (Mocururu and gravel beds). Total drilling: Approximately 5,000 metres across roughly 100 drill holes. Spacing: Initial grid of 200 m x 100 m, with flexibility to tighten spacing based on visual observations and assay results. Depth: Shallow drilling to a maximum depth of approximately 50 metres per hole. Reverse Circulation (RC) Drilling (Commencing Late January) The Company expects the arrival of a second drill rig-a Reverse Circulation (RC) unit-during the second half of January. While the screw-auger program is focused on defining specific near-surface geological units, the RC rig will be deployed to "sweep" the broader land package included in the original agreement with New Frontiers. This phase of drilling is intended to rapidly assess regional geological continuity and identify new priority targets across the property. Drilling of the additional land package associated with the agreement with Talisman is not contemplated at this stage. Key highlights of the RC program include: Objective: Regional reconnaissance drilling to test the broader extent of the property and identify new geological anomalies. Total drilling: Approximately 15,000 metres across roughly 300 drill holes. Spacing: Wide-spaced reconnaissance grid of approximately 2,000 m x 1,000 m. Depth: Consistent testing of the oxide profile to a maximum depth of approximately 50 metres. New Risk • Jan 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.9m free cash flow). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$18.9m market cap, or US$13.7m). Announcement • Nov 28
Canary Gold Corp. Receives Positive Heavy-Mineral Results from Overburden Drilling Management Ltd Canary Gold Corp. announced encouraging results from heavy-mineral analyses completed by Overburden Drilling Management Ltd. The results significantly strengthen the Company's geological thesis that gold-bearing sediments, originating from erosion of the Andes Mountains, have accumulated within the Madeira River basin in Rondonia, Brazil, over extended periods. This supports the potential for sediment-hosted and paleoplacer gold systems across Canary's expanding land position. ODM Ltd. confirms strong heavy-mineral assemblages consistent with gold-bearing alluvial and paleoplacer environments in samples submitted by Canary Gold's Madeira River Project Area. Results reinforce prior work, including the visible gold recovered in panned samples from reconnaissance air-core drilling initially announced in April 2025. Findings align with data from the sonic drilling program, mobilized in June 2025 to capture continuous sediment profiles for detailed analysis. Heavy-mineral indicators support ongoing target refinement across the Company's tenements package including the additional tenements added to the portfolio in August 2025. TECHNICAL SUMMARY. Samples derived from reconnaissance stage surface outcrop sampling and sonic drilling were submitted to ODM Ltd. for the preparation and independent laboratory evaluation of heavy mineral concentrates derived from these samples. ODM's report supports the project's conceptual model as it concurs that the iron-cemented gravel, i.e., the mocururu, is clearly of the very mature, heavy-mineral-enriched placer type and its pebble varieties support the interpretation that the gravel is sourced primarily from the Andes, a known gold endowed area. The modern gold placers of the Madeira River are presumed to be second-generation placers produced by erosion of these placer gravels along the river course and re-concentration of their thus liberated gold in favourable traps along the riverbed. 'Source ODM report to Canary Gold, November 2025. The ODM report further describes the matrix of the prospective mocururu gravel consists of well-rounded quartz grains, indicating a long transport history and suggesting a very distal source area at a much higher elevation - presumably the Andes Mountains. This inference is supported by the lithologies of the pebbles in the coarsest sample, which in addition to coarse vein quartz and fine-grained cherty sediments includes ~20% less robust volcanosedimentary clasts but no coarse-grained granite clasts matching the local bedrock. Although consisting primarily of quartz grains, the sandy matrix of the gravel contains 5-10% detrital ilmenite grains. These findings support the interpretation that the Madeira River basin has acted as a long-term collector of gold-rich sediment, consistent with its historic reputation as one of Brazil's most productive alluvial gold regions. The ODM results integrate directly with several key milestones previously reported by the Company: April 2025 - Visible Gold: Visible gold grains recovered in panned air-core drill samples, supporting early exploration targeting. June 2025 - Sonic Drill Mobilization: A sonic drill rig was mobilized to collect continuous core for stratigraphic, geochemical, and mineralogical analysis. August 2025 - Tenement Expansion: Acquisition of additional ground significantly grew the Company's exploration footprint along the Madeira River. These datasets collectively support Canary's phased exploration strategy as it advances toward its upcoming major drilling programme across its extensive tenement holdings. The ODM's results provide independent confirmation that reconnaissance sampling successfully identified the presence of the targeted sediments hosting gold occurrences across multiple tenements and these findings validate exploration model and support view that the mocururu horizon represents a providing encouraging evidence of a gold-endowed system worthy of systematic drill testing. Importantly, to date have tested only roughly 2% or extensive tenement package with reconnaissance drilling, underscoring the enormous scalability and district-wide potential of the project. The project has tested only roughly 2% or district-wide potential of the projects. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$18.9m market cap, or US$13.4m). Announcement • Sep 26
Canary Gold Corp. announced that it has received CAD 1.1125 million in funding On September 25, 2025, Canary Gold Corp. closed the transaction. Due to increased demand, the Company increased the size of the Offering and issued 4,450,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 1,112,500. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at a price of CAD 0.35 for a period of three years from the date of issuance. In connection with the Offering, the Company paid finder’s fees to certain finders, consisting of a cash fee of CAD 62,510 and 250,040 common share purchase warrants. Each Finder’s Warrant entitles the holder to acquire one common share at a price of CAD 0.35 per share for a period of three years from the date of issuance and are subject to the same acceleration provision as the subscribers’ warrants. The Offering remains subject to CSE approval. Announcement • Sep 11
Canary Gold Corp. announced that it has received CAD 1.6875 million in funding On September 10, 2025, Canary Gold Corp closed the transaction. The company announced that it has issued 6,750,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 1,687,500. The transaction has been oversubscribed. Each unit consisted of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at a price of CAD 0.35 for a period of three (3) years from the date of issuance. In connection with the Offering, the Company paid finder’s fees to certain finders, consisting of a cash fee of CAD 82,250 and 329,000 common share purchase warrants (each a “Finder’s Warrant”). Each Finder’s Warrant entitles the holder to acquire one common share at a price of CAD 0.35 per share for a period of three years from the date of issuance and are subject to the same acceleration provision as the subscribers’ warrants New Risk • Jul 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$13.7m market cap, or US$10.0m). Announcement • Apr 22
Canary Gold Corp. Reports Visible Gold in Panned Samples from Initial Air Core Drilling At Madeira River Project, Brazil Canary Gold Corp. announced the successful completion of the first three reconnaissance air core drill holes from the ongoing 1,000-metre program at the Company's Madeira River Gold Project, located in Rondonia, Brazil. This drilling represents the first systematic subsurface test of the targeted paleochannel and "Mocururu" stratigraphic horizons interpreted to be preserved beneath shallow cover. Exploration Highlights. Visible gold grains were recovered through manual panning of drill cuttings derived from split air core samples from Hole 3, which targets the Mocururu horizon. This positive visual confirmation of gold from pan concentrates validates the exploration model and supports the broader potential for gold concentration within preserved paleochannel systems across the Company's 68,445-hectare tenement package. Panned material and split samples are being processed and will be submitted to SGS Geosol laboratories in Vespasiano, Belo Horizonte for assay. Panning protocols and oversight procedures for sample processing were established and monitored by Rodrigo Mello, FAusIMM, (Qualified Person under 43-101) in accordance with CIM Best Practice Guidelines (2018). These samples will be further analyzed by metallic screen fire assay and heavy mineral separation methods. This work comprises the Phase I exploration program, which includes planned follow-up sonic drilling (2,000 m) and drone-supported magnetic and tomographic surveys scheduled for late second quarter 2025. Qualified Person Statement and Cautionary Notes. The scientific and technical information in this news release has been reviewed and approved by Andrew Lee Smith, P.Geo., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Smith has verified the information disclosed through a review of all pertinent data. Mr. Smith is a director and the Executive Chairman of the Company. Manual panning of air core samples was conducted under the direct supervision of Rodrigo Mello, FAusimM, also a Qualified Person under NI 43-101. While the presence of visible gold grains is a positive exploration indicator, it is qualitative in nature and not a substitute for quantitative certified assay results. No mineral resources or reserves have been delineated to date. The Company cautions investors that the presence of visible gold does not ensure future economic extraction or a mineral resource estimate. The Madeira River Project covers an extensive area of interpreted preserved paleochannel systems and gold-bearing duricrust known locally as Mocururu, within the Amazon Basin. Historical estimates suggest significant gold production from the Madeira River region during the 1980s, primarily through artisanal dredging operations. The current exploration program is designed to test concealed mineralized horizons beneath 10-20 metres of overburden using modern geophysical and drilling techniques. Announcement • Feb 25
Canary Gold Corp., Annual General Meeting, Apr 24, 2025 Canary Gold Corp., Annual General Meeting, Apr 24, 2025. Announcement • Nov 27
Canary Gold Corp. Appoints Mark Tommasi as President Canary Gold Corp. announced the appointment of Mark Tommasi as President, effective immediately. Mark is a seasoned leader with extensive experience in corporate advisory, capital markets consulting, and strategic growth, bringing a strong focus on creating shareholder value and operational excellence. With a solid track record in developing and executing growth strategies within the resource sector, Mark will play a pivotal role in advancing Canary Golds exploration projects and enhancing its market presence. As President, he will work closely with the Board of Directors to lead project development, investor relations, and corporate growth initiatives. Marks recent work includes advising high-growth companies, corporate strategy, and private investments, with a focus on operational efficiency and long-term business growth. His leadership and dedication to achieving excellence will be key assets as Canary Gold embarks on its next phase of expansion. Announcement • Nov 17
Canary Gold Corp. has completed an IPO in the amount of CAD 2.201765 million. Canary Gold Corp. has completed an IPO in the amount of CAD 2.201765 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Price\Range: CAD 0.17
Discount Per Security: CAD 0.0102
Security Name: Units
Security Type: Equity/Derivative Unit
Price\Range: CAD 0.17
Discount Per Security: CAD 0.0034