Mr. Clive Brookes reports

GOLDCANA EXPANDS TRIPLE F GOLD PROJECT LAND HOLDINGS AND COMMENCES PHASE I EXPLORATION PROGRAM

Goldcana Resources Inc. has entered into an option agreement, executed Oct. 10, 2025, to acquire one additional mineral claim and one additional claim application comprising approximately 477 hectares adjacent to its existing Triple F gold project located in the Nicola mining division and the Vernon mining division approximately 28 kilometres northwest of Kelowna, B.C. The project is approximately 20 kilometres northeast of the past-producing Brenda copper-molybdenum mine; 40 kilometres northeast of the past-producing, and recently active, Elk gold mine; and 26 kilometres southwest of the Brett gold epithermal deposit.

The Triple F property is surrounded by numerous B.C. government Minfile occurrences ranging from prospects to past producers. The project is in the headwaters of several creeks, which were historically known to contain placer gold. Strong historic gold content in historical soil samples (up to 342 parts per billion), rocks (up to 26 parts per million) and drill core (up to 55 ppm) on the project confirms its high prospectivity.

To acquire a 100-per-cent interest in the new claim and application, Goldcana must issue 250,000 common shares to the optionor following CSE acceptance for filing and incur exploration expenditures of $225,000 over three years, including $50,000 by Dec. 31, 2026. The shares will be subject to a four-month-and-one-day hold period from issuance.

Phase 1 exploration program

Goldcana further announces that it has commenced the phase 1 exploration program on the Triple F gold project, which consists of geological mapping of the entire project, as well as a property-wide geochemical survey. The program is designed to build upon all historical work through geologic mapping to better understand controls on gold mineralization and through the use of soil geochemistry to better delineate known geochemical anomalies and to test the newly defined magnetic anomalies similar to those associated with the zone of known gold mineralization.

Historic sampling on the project has outlined a 240-metre-by-370-metre zone of gold mineralization, which has similarities to reduced intrusive-related gold mineralization, where historical drill results from drilling in the 1980s by previous claimholder Rea Gold Corp. included 55 grams per tonne gold and 270 grams per tonne silver over 0.9 metre. Other historical drill results from the 1980s drill program include 10.97 m averaging 0.58 ppm Au, 5.03 m averaging 1.07 ppm Au, 9.75 m averaging 0.5 ppm Au (all in hole DDH88-04), 8.84 m averaging 0.69 ppm Au and 7.92 m averaging 0.57 ppm Au. Historical trench results include 9.77 ppm Au over 4.0 m and 3.12 ppm Au over 6.0 m. Current and historic soil geochemical results have outlined an approximately 5.5-kilometre-long trend of gold in soils, further backed by a 2023 geophysical survey.

Goldcana's 2023 geochemical and geophysical survey confirmed and built upon Rea Gold's previous findings. In 2023, Goldcana contracted Pioneer Exploration to complete an unmanned aerial vehicle magnetic survey. This survey outlined multiple, strong, parallel magnetic features that show a strong relation to known gold mineralization and gold-in-soil anomalies.

Additional information on the Triple F gold project can be found in the National Instrument 43-101 technical report entitled "National Instrument 43-101 Technical report on the Triple F Gold Property, Nicola & Vernon Mining Divisions, Southern British Columbia, Canada," dated Jan. 15, 2024, as amended June 10, 2025, which has been filed on SEDAR+.

Readers are cautioned that the discussion about adjacent or similar properties is not necessarily indicative of the mineralization or potential of the Triple F gold project. The company has no interest in or right to acquire any interest in any such adjacent properties. Historical drill intercepts listed in this news release are core intercepts. Further information is needed to determine how the core intercepts relate to the true width of mineralization. The gold assay results reported above are historical in nature and have not been verified by a qualified person.

Qualified person

This news release has been reviewed and approved by Linda Caron, MSc, PEng, who is acting as the company's qualified person for the Triple F gold project, in accordance with regulations under National Instrument 43-101. Ms. Caron is independent in accordance with Section 1.5 of National Instrument 43-101.

About Goldcana Resources Inc.

Goldcana is engaged in the identification, acquisition, exploration and development of mineral resource projects.

The company holds the exclusive option to acquire a 100-per-cent interest, subject to net smelter return royalties ranging from 2 per cent to 3 per cent, in the Triple F gold project, which consists of eight mineral claims covering approximately 851 acres located in the Nicola and Vernon mining divisions, British Columbia, approximately 28 kilometres northwest of Kelowna.

We seek Safe Harbor.