Vancouver, British Columbia – October 16, 2026 – TheNewswire – Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) (the “Company” or “Canary”) announces that Mr. Al Kanji has resigned from the Company’s Board of Directors, effective immediately. Mr. Kanji also served as Chair of the Company’s Audit Committee.
Mr. Kanji’s resignation reflects his increasing professional commitments and is not the result of any disagreement with the Company, its management or its operations.
Mr. Andrew Lee Smith, Chairman & CEO of Canary Gold, will assume the duties of Chair of the Audit Committee.
Mr. Kanji will continue his association with Canary in an advisory capacity, providing strategic guidance and assisting with corporate development initiatives and the evaluation of potential business opportunities.
Andrew Lee Smith, Chairman & CEO of Canary Gold, commented: “On behalf of the Board, I would like to thank Al for his contributions and counsel during his tenure as a director and Chair of the Audit Committee. We appreciate his continued interest in Canary and look forward to benefiting from his experience and industry relationships in his new advisory role.”
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 tenements 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) 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.
These interests support Canary Gold’s regional exploration strategy in the Madeira River region of Rondônia State, Brazil.
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 release contains forward-looking information regarding the audit committee transition and Mr. Kanji’s anticipated advisory role and contributions. This information reflects management’s current expectations and assumes continued individual availability and implementation of the contemplated arrangements. Actual outcomes may differ materially due to changes in availability, corporate priorities and governance arrangements. This information speaks as of this release’s date; readers should not place undue reliance on it. The Company undertakes no obligation to update it except as required by law.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news 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 offer, solicitation, or sale would be unlawful. The securities of the Company have not 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.
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