Dr. Jacob Verbaas reports

MIATA METALS INTERSECTS 3.04 G/T GOLD OVER 35.6 METRES, INCLUDING 4.95 G/T GOLD OVER 14.6 METRES AT THE SELA CREEK GOLD PROJECT, SURINAME

Miata Metals Corp. has released results from holes 25DDH-SEL-032 and 033 drilled into the Jons trend at its Sela Creek gold project in Suriname.

Drill hole 25DDH-SEL-033 has delivered the strongest intercept on the project to date, returning 35.6 metres at 3.04 grams per tonne gold from 69.0 m with multiple high-grade subintervals. In addition, hole 25DDH-SEL-032 returned 36.8 metres of 1.71 g/t gold from 92.7 m and a lesser zone of mineralization confirming the presence of stacked zones and reinforcing the continuity of mineralization at the Jons trend.

Highlights:

• Miata has intercepted wide zones of mineralization in holes 25DDH-SEL-032 and 25DDH-SEL-033.
• These holes indicate two stacked mineralized lenses with potential for additional parallel zones.
• 25DDH-SEL-033 yielded an intercept of 35.6 m of 3.04 g/t gold from 69.0 m, including:
  • 14.6 m of 4.95 g/t gold from 90.0 m, including:
  • 3.0 m of 8.93 g/t gold from 99.0 m.
• 25DDH-SEL-032 yielded an intercept of 36.8 m of 1.71 g/t gold from 92.7 m, including:
  • 16.1 m at 2.82 g/t gold from 104.4 m, including:
  • 5.0 m of 4.84 g/t gold from 107.0 m.
• Drilling at the Jons trend indicates a shallow-plunging zone of mineralization that is continuous for several hundred metres of strike.
• The Jons trend is one of four prospects identified and drill tested to date within the central mineralized corridor at Sela Creek, including Puma and Golden Hand.

"These intercepts are a breakthrough for Sela Creek, delivering wide and continuous zones of gold mineralization at our Jons trend target, which hosts the largest artisanal pit at Sela Creek," stated Dr. Jaap Verbaas, chief executive officer of Miata Metals. "Hole 25DDH-SEL-033 returned 35.6 m of 3.04 g/t gold, the widest and best-mineralized intercept ever drilled at Sela Creek. With assays pending from six additional holes at Jons trend, we are confident in this target's ability to continue demonstrating its prospectivity. We are evaluating Jons trend as a potential open-pit opportunity, and the presence of a second, lesser intercept in hole 25DDH-SEL-032 suggests the potential for additional parallel zones. Importantly, the mineralization is hosted within fold hinges in metasedimentary rock, a style of deposit that is well established at producing mines in Suriname."

Jons trend

The Jons trend occurs in the centre of the Sela Creek concession, comprising a 1.2- kilometre-long and 250-metre-wide zone of artisanal mining that is adjacent (northwest) to the Golden Hand prospect previously drilled by Miata. The 25DDH-SEL-033 intercept at the Jons trend of 35.6 m at 3.04 g/t gold shows a consistent grade in a zone of mineralization that plunges gently to the southeast. The gold grade correlates to high density (greater than 30 per cent) sheeted quartz veins with minor pyrite and pyrrhotite within veins and disseminated in the silicified rock matrix. The mineralized zone occurs adjacent to, and within, interpreted fold hinge zones in metasedimentary rock. Several occurrences of visible gold in quartz veining were recorded in both holes 032 and 033 at downhole depths of 35.4 m and 106.8 m (hole 032) and 96.4 m (hole 033). Drilling of holes 034 to 038 at the Jons trend suggests similar zones were intercepted in these drill holes. Artisanal mining activity in saprolite zones adjacent to and along strike of these intercepts indicates considerable room for expansion of the Jons trend target with similarly oriented zones of mineralization.

The Jons trend target was originally drilled by a previous operator in 2012. Historical drilling intersected a mineralized zone, with the best result being 42 metres grading 1.22 g/t gold in hole SKD001. In the current program, drill hole 25DDH-SEL-032 tested the same zone from a steeper, more direct angle, resulting in a stronger intersection of 35.6 metres grading 3.04 g/t gold. This suggests that the new drill orientation may better capture the full extent of the mineralization at the Jons trend.

All drill results are available on the company website.

With multiple targets delivering strong gold intercepts, Sela Creek is quickly demonstrating the scale and continuity of a major gold system. The project is characterized by widespread artisanal workings across a 14-kilometre corridor, yet only a small area has ever been drill tested. Each new result expands Miata's understanding of the structural controls and reveals stacked, shallow zones of hardrock mineralization with significant strike potential. With the Jons trend now delivering the best intercept on the project to date, Miata believes Sela Creek is on track in unlocking a district-scale discovery that could support both near-surface and deeper high-grade gold systems. The intercepts in 25DDH-SEL-033 and 032 build on the results of 25DDH-SEL-030 (Puma target) and 25DDH-SEL-031 (Golden Hand target), which tested the company's understanding of the shallow-dipping orientation of mineralized zones in those targets.

Quality assurance/quality control

Samples were analyzed at Filab Suriname, a commercial certified laboratory under ISO 9001:2015. Samples are crushed and pulverized to 85 per cent passing 88 microm prior to analysis using a 50-gram fire assay (50-gram aliquot) with an atomic absorption finish. For samples that return assay values over 5.0 grams per tonne, another cut was taken from the original pulp and fire assayed with a gravimetric finish. Miata Metals inserts certified reference standards in the sample sequence for quality control.

Qualified person statement

The scientific and technical information in this news release has been reviewed and approved by Dr. Jacob Verbaas, PGeo, a director of the company and a qualified person as defined under the definitions of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Miata Metals Corp.

Miata is a Canadian mineral exploration company listed on the Canadian Securities Exchange, as well as on the OTCQB and Frankfurt exchanges. The company is focused on the acquisition, exploration and development of mineral properties. The company holds a 70-per-cent interest in the approximately 215-square-kilometre Sela Creek gold project with an option to acquire a full 100-per-cent interest in the project and a 70-per-cent beneficial interest in the Nassau gold project with an option to acquire 100 per cent. Both exploration properties are located in the greenstone belt of Suriname.

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