Dr. Jacob Verbaas reports

MIATA METALS ANNOUNCES $10 MILLION PUBLIC OFFERING

Miata Metals Corp. has entered into an agreement with Cormark Securities Inc. acting as lead agent, on a best effort agency basis, on behalf of a syndicate of agents, in connection with a public offering of up to 20,833,500 common shares from the treasury of the company, at a price of 48 cents per common share for total gross proceeds of up to $10,000,080.

In addition, the company has granted the agents an option to sell up to an additional 3,125,000 common shares at the offering price of additional gross proceeds of up to $1.5-million. The overallotment option is exercisable in whole or in part, at any time up to 30 days following the closing of the offering, for market stabilization purposes and to cover overallotments, if any.

The company intends to use the net proceeds from the offering for exploration activities on its Sela Creek project in Suriname and for general working capital and corporate purposes.

Closing of the offering is expected to occur on or about Dec. 4, 2025, and is subject to regulatory approval, including that of the Canadian Securities Exchange.

The common shares to be issued under the offering will be offered by way of a short form prospectus to be filed in each of the provinces of Canada, except Quebec, and may be offered in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws, and certain other jurisdictions outside of Canada and the United States.

About Miata Metals Corp.

Miata Metals is a Canadian mineral exploration company listed on the Canadian Securities Exchange, as well as 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 in Suriname with an option to acquire 100 per cent. Both exploration properties are located in the greenstone belt of Suriname.

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