Miata Intersects 43.0 m at 2.42 g/t Au, Including 4.0 m at 17.11 g/t Au at Jons Trend and Confirms Continuity with Big Berg at Sela Creek, Suriname

Big Berg drilling expanded the known mineralized footprint by approximately 150 m in both west and northwest directions.

Rhea-AI Summary

Miata Metals (MMETF) reported new Sela Creek drilling results confirming a 1.5 km mineralized corridor between Jons Trend and Big Berg.

The results cover 14 holes in its ongoing 25,000 m program in Suriname. Hole JT-025 returned 43.0 m at 2.42 grams of gold per tonne from 191.0 m, including 4.0 m at 17.11 grams per tonne. A separate interval returned 25.6 m at 1.96 grams per tonne from 132.0 m. Four intervening holes confirmed continuity between the zones. Big Berg drilling expanded its known mineralized footprint by approximately 150 m west and northwest. The system remains open along strike and at depth, meaning its limits have not been established. Miata views Jons Trend as a potential open-pit target.

Positive

• Minor pointJons Trend–Big Berg drilling confirmed a 1.5 km mineralized corridor, open along strike and at depth.
• Minor pointJT-025 returned 43.0 m at 2.42 g/t gold, including 4.0 m at 17.11 g/t.
• Minor pointJT-025 also returned 25.6 m at 1.96 g/t gold, including 1.49 m at 17.51 g/t.
• Minor pointJT-025 extended the vein zone with a 130 m step-out from JT-023.
• Minor pointBig Berg drilling expanded the known footprint by approximately 150 m both west and northwest.

13 minor points

• Minor pointBB-015 returned 13.0 m at 1.64 g/t gold, including 3.0 m at 4.42 g/t.
• Minor pointBB-015 also returned 14.1 m at 2.23 g/t gold, including 3.0 m at 6.68 g/t.
• Minor pointBB-017 returned 18.45 m at 1.37 g/t gold from 223.8 m.
• Minor pointGH-005 returned 12.5 m at 1.62 g/t gold from 75.0 m.
• Minor pointGH-004 returned 13.7 m at 1.01 g/t gold from 75.8 m.
• Minor pointGH-003 returned 4.5 m at 1.85 g/t gold from 157.0 m.
• Minor pointGH-002 returned 17.15 m at 0.65 g/t gold from 79.65 m.
• Minor pointGH-001 tested a parallel vein zone, returning 9.23 m at 0.80 g/t gold from 53.2 m.
• Minor pointNear-surface GH-002 returned 14.0 m at 1.09 g/t gold in weathered rock.
• Minor pointNear-surface GH-004 returned 20.1 m at 1.19 g/t gold in weathered rock.
• Minor pointNear-surface GH-005 returned 9.5 m at 0.80 g/t gold in weathered rock.
• Minor pointJT-024 returned 10.99 m at 0.75 g/t gold from 229.5 m.
• Minor point. Forward-looking: it has not happened yet and may not happen.Miata plans further Big Berg drilling to fill gaps between zones and test the southeastern extension.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, British Columbia, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Miata Metals Corp. (TSXV: MMET; FSE: 8NQ; OTCQX: MMETF) (“Miata” or the “Company”) is pleased to report assay results from 14 diamond drill holes from its ongoing 25,000 m drill program at its Sela Creek Gold Project (“Sela Creek” or the “Project”) in Suriname.

The results are highlighted by hole 26DDH-JT-025, which intersected 43.0 m at 2.42 g/t gold from 191.0 m, including 4.0 m at 17.11 g/t gold. JT-025 also intersected a separate, shallower interval intersecting 25.6 m at 1.96 g/t gold from 132.0 m, including 1.49 m at 17.51 g/t gold. Assays from four holes drilled in between the existing discovery zones now confirm continuity of mineralization over 1.5 km, spanning from Jons Trend to Big Berg.

Highlights:

• Hole 26DDH-JT-025 intersected:
  • 43.0 m at 2.42 g/t Au from 191.0 m, including:
    • 4.0 m at 17.11 g/t Au from 205.0 m
  • 25.6 m at 1.96 g/t Au from 132.0 m, including:
    • 6.3 m at 2.16 g/t Au from 137.0 m
    • 1.49 m at 17.51 g/t Au from 148.0 m
• Hole 26DDH-BB-015 intersected:
  • 13.0 m at 1.64 g/t Au from 60.0 m, including:
    • 3.0 m at 4.42 g/t Au from 70.0 m
  • 14.1 m at 2.23 g/t Au from 80.5 m, including:
    • 3.0 m at 6.68 g/t Au from 91.6 m
• Drilling in between Jons Trend and Big Berg intersected multiple mineralized vein zones in the intervening corridor, with highlights including:
  • 12.5 m at 1.62 g/t Au from 75.0 m in 26DDH-GH-005, including:
    • 2.0 m at 3.22 g/t Au from 75.0 m
    • 1.1 m at 4.36 g/t Au from 86.4 m
• Jons Trend and Big Berg are not separate discoveries but represent a continuous 1.5 km mineralized trend with strong potential for an open-pit gold system. The mineralized system remains open along strike and at depth.

“We are excited to be drilling these high gold grades over wide intervals at Jons Trend. JT-025 returned 43 m grading 2.42 g/t Au, including 4 m at 17.11 g/t Au, and is an approximately 130 m step out hole from 26DDH-JT-023 that previously yielded 35.25 m at 3.41 g/t Au. Substantial mineralization at Jons Trend is now extended to 1.5 km strike length and contains high-grade zones over significant distance. With gold mineralization at Jons Trend starting at surface and extending to at least 250 m depth, these results support further evaluation of Jons Trend as a potential open-pit target. We continue to drill test the high-grade zones, which remain open to the southwest, while expanding on the strike length and depth,” stated Dr. Jacob (Jaap) Verbaas, CEO of Miata Metals.

Evidence of 1.5 km Continuously Mineralized Corridor:

Results from four holes drilled in between Jons Trend and Big Berg confirm that these discoveries are connected and are part of a larger mineralized system. Spanning approximately 1.5 km in length, the combined zones remain open along strike and at depth, and Miata will continue to drill to establish further continuity and define the corridor’s limits.

Gold in each of the targets throughout the system is hosted in a moderately southwest-dipping, southeast-trending folded metasedimentary package that displays shear zones along fold limbs and hinges with pervasive silica, sericite, and biotite alteration. These zones host repeating extensional quartz vein arrays associated with sulfide mineralization dominated by pyrite and pyrrhotite. The mineralized system remains open along the tested WNW–ESE axis in both directions and at depth.

Figure 1. Plan view showing the Jons Trend and Big Berg zones, which are now proven to connect through drilling, drill collars and traces, and interpreted mineralized zones.

Jons Trend Drilling:

The latest Jons Trend results comprise holes 26DDH-JT-024 and 26DDH-JT-025, drilled in the southeastern and northwestern parts of the trend, respectively. 26DDH-JT-025 was a 130 m step-out from 26DDH-JT-023 (released September 29, 2026, returning 35.25 m at 3.41 g/t Au), and confirmed the continuation of a broad, high-grade vein zone. The hole returned two broad mineralized intervals:

• 43.0 m at 2.42 g/t Au from 191.0 m, including:
  • 4.0 m at 17.11 g/t Au
• 25.6 m at 1.96 g/t Au from 132.0 m, including:
  • 1.49 m at 17.51 g/t Au

JT-024 returned several narrower intervals, including 3.0 m at 1.28 g/t Au from 115.2 m, 3.0 m at 1.61 g/t Au from 203.0 m and 10.99 m at 0.75 g/t Au from 229.5 m. The results show structurally controlled repeating vein array that is continuous and open at depth and along strike.

Figure 2. SSW-NNE cross-section (A-A’ in Figure 1) through northwestern Jons Trend area showing 26DDH-JT-025 trace and its intercepts of 43.0 m at 2.42g/t Au and 25.6 m at 1.96 g/t Au.

Connecting Jons Trend and Big Berg:

26DDH-GH-001 tested a mineralized vein zone parallel to and approximately 500 m east of Jons Trend. Four holes, 26DDH-GH-002 through GH-005, tested the central corridor between Jons Trend and Big Berg. All holes intersected multiple mineralized vein zones. Bedrock results include:

• 9.23 m at 0.80 g/t Au from 53.2 m in 26DDH-GH-001
• 17.15 m at 0.65 g/t Au from 79.65 m in 26DDH-GH-002
• 4.5 m at 1.85 g/t Au from 157.0 m in 26DDH-GH-003
• 13.7 m at 1.01 g/t Au from 75.8 m in 26DDH-GH-004
• 12.5 m at 1.62 g/t Au from 75.0 m in 26DDH-GH-005, including:
  • 2.0 m at 3.22 g/t Au from 75.0 m
  • 1.1 m at 4.36 g/t Au from 86.4 m
    
    

Near-surface saprolite results include 14.0 m at 1.09 g/t Au in 26DDH-GH-002, 20.1 m at 1.19 g/t Au in GH-004 and 9.5 m at 0.80 g/t Au in 26DDH-GH-005. Similar to mineralization at Jons Trend and Big Berg, these holes show mineralization hosted in moderately southwest-dipping quartz vein arrays that are associated with pervasive silica, sericite, and biotite alteration and pyrite plus pyrrhotite. As well as confirming a new vein zone in the intervening corridor, these drilling results clearly link the Big Berg and Jons Trend discoveries.

Figure 3. SSW-NNE cross-section (B-B’ in Figure 1) showing highlight intercepts in GH-002, -003, -004 and -005. These results connect the Jons Trend and Big Berg discoveries.

Big Berg Drilling:

Results from 26DDH-BB-014 through BB-020 returned mineralized intervals to the west and northwest of existing drilling at Big Berg. Highlights include two broad intervals in 26DDH-BB-015 (13.0 m at 1.64 g/t Au from 60.0 m and 14.1 m at 2.23 g/t Au from 80.5 m), as well as 18.45 m at 1.37 g/t Au from 223.8 m in 26DDH-BB-017. The results show mineralization in multiple holes and at different depths, expanding the known mineralized footprint of Big Berg by approximately 150 m in both west and northwest directions. The next planned Big Berg drilling phase is designed to further infill between Jons Trend and Big Berg and to test the southeastern extension of known mineralization.

Figure 4. SSW-NNE cross-section (C-C’ in Figure 1) showing highlight intercepts in BB-014 to -020 (left) and GH-001 (right).

Drill Results Table:

Table 1. Gold assay results. Reported intervals are down-hole lengths.

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)	Est. true width (m)
26DDH-JT-024	21.7	24.7	3	0.87	Saprolite
and	30.7	32.2	1.5	0.52	Saprolite
and	50.2	51.7	1.5	0.66	Saprolite
and	83.2	84.7	1.5	0.79	1.36
and	115.2	118.2	3	1.28	2.72
and	136.2	140.7	4.5	0.59	4.23
and	172	174	2	0.53	1.97
and	192	193.5	1.5	0.97	1.48
and	203	206	3	1.61	2.46
including	205	206	1	3.27	0.82
and	229.5	240.49	10.99	0.75	7.77
including	229.5	237.72	8.22	0.85	5.81
and	246	247	1	0.62	0.57
and	251	254.27	3.27	0.52	2.5
and	256.4	257.5	1.1	1.08	0.84
26DDH-JT-025	40.68	44.57	3.89	1.32	2.98
and	61	63	2	0.56	1.64
and	87.94	89.5	1.56	0.54	1.41
and	102.2	103.93	1.73	1.41	1.5
and	106.49	108	1.51	0.67	1.31
and	112	114.75	2.75	1.03	2.38
and	132	157.6	25.6	1.96	23.2
including	137	143.3	6.3	2.16	5.71
including	148	149.49	1.49	17.51	1.35
and	167.6	169	1.4	0.59	1.07
and	191	234	43	2.42	32.94
including	205	209	4	17.11	3.06
including	217	219	2	3.79	1.53
and	241	247.63	6.63	0.55	5.08
and	267.83	269	1.17	0.62	0.9
26DDH-GH-001	46.5	48	1.5	0.71	Saprolite
and	53.2	62.43	9.23	0.8	5.29
including	59.5	62.43	2.93	1.83	1.68
and	101.13	103.09	1.96	0.51	1.12
and	121	122.19	1.19	1.16	0.68
26DDH-GH-002	19	33	14	1.09	Saprolite
including	20.5	28	7.5	1.65	Saprolite
and	66.9	70.9	4	0.71	3.46
and	79.65	96.8	17.15	0.65	16.12
including	88	92	4	0.94	3.76
and	127	130	3	1.15	2.82
and	138	142	4	2.14	2.83
and	193	194.5	1.5	0.51	1.41
26DDH-GH-003	38.4	39.45	1.05	1.91	Saprolite
and	87.8	89.5	1.7	0.6	1.67
and	157	161.5	4.5	1.85	4.23
including	157	158.5	1.5	3.69	1.41
and	177	182.1	5.1	1.09	4.79
including	178.1	180	1.9	1.87	1.65
26DDH-GH-004	6.4	26.5	20.1	1.19	Saprolite
and	30.7	48	17.3	0.63	9.92
including	46.85	48	1.15	2.49	0.66
and	56.4	59.5	3.1	2.12	2.81
and	75.8	89.5	13.7	1.01	12.42
including	85	89.5	4.5	2.15	4.08
and	125	127	2	0.52	1.99
26DDH-GH-005	16	25.5	9.5	0.8	Saprolite
and	29.5	31.5	2	0.59	1.64
and	41	43.54	2.54	0.55	2.08
and	46.45	51	4.55	0.74	3.73
and	75	87.5	12.5	1.62	10.24
including	75	77	2	3.22	1.64
including	79	85	6	1.27	4.91
including	86.4	87.5	1.1	4.36	0.9
and	100.4	113.9	13.5	0.62	13.29
including	105.5	108.9	3.4	1.35	3.35
and	140.2	142.2	2	0.61	1
26DDH-BB-014	50	51.73	1.73	2.06	0.99
and	68.75	75.5	6.75	0.63	5.53
including	74.18	75.5	1.32	1.65	1.08
and	83	88	5	0.55	4.33
and	97	99	2	0.52	1.81
26DDH-BB-015	0	3	3	0.51	Saprolite
and	13.5	18	4.5	0.57	Saprolite
and	60	73	13	1.64	8.36
including	70	73	3	4.42	1.93
and	80.5	94.6	14.1	2.23	10.8
including	80.5	83.5	3	1.56	2.3
including	88	90.6	2.6	2.29	1.99
including	91.6	94.6	3	6.68	2.3
and	104	107	3	1.25	2.46
26DDH-BB-016	58.5	62.5	4	0.52	3.94
and	69	70.5	1.5	1.28	1.48
and	108.5	109.5	1	0.99	0.98
and	135	147	12	1.1	9.83
including	135	137.5	2.5	1.97	2.05
including	144	147	3	1.41	2.46
and	151.5	154	2.5	0.58	2.35
26DDH-BB-017	36	37.5	1.5	0.56	1.45
and	54.6	56	1.4	2.49	1.35
and	118	120	2	1.2	1.64
and	140	142	2	0.72	1.53
and	169	176	7	0.78	5.73
including	169	171	2	1.82	1.64
and	192	202	10	0.82	8.19
including	192	193	1	1.48	0.82
including	201	202	1	4.46	0.82
and	223.8	242.25	18.45	1.37	15.11
including	223.8	226.8	3	2.46	2.9
including	233.5	239	5.5	2.38	3.54
and	287.8	294.15	6.35	0.85	5.5
including	287.8	290.8	3	1.59	2.6
and	301.5	310.9	9.4	1.07	7.2
including	308.9	310.9	2	2.33	1.53
26DDH-BB-018	41	43.75	2.75	0.69	2.38
and	114	115.5	1.5	1.03	1.06
26DDH-BB-019	38.8	40.95	2.15	1.02	Saprolite
and	91.49	110.5	19.01	0.81	12.22
including	91.49	96	4.51	1.51	2.9
including	105	107.5	2.5	1.43	1.61
and	141.72	144.55	2.83	1.29	2.73
and	149	150.87	1.87	0.82	1.81
26DDH-BB-020	1.5	10.1	8.6	1.71	Saprolite
including	1.5	5.6	4.1	3.1	Saprolite
and	92.08	93.79	1.71	0.83	1.61
and	103.46	106	2.54	2.72	2.39
and	112.33	116	3.67	1.98	2.6
including	114	116	2	3.32	1.41
and	146	152	6	1.43	5.2
and	160.09	163.86	3.77	2.89	3.26
including	162.15	163.86	1.71	5.52	1.48

Table 2. Updated Collar Table

Hole ID	Easting	Northing	Elevation (m)	Azimuth	Dip	Length (m)
26DDH-BB-014	755600	417578	117	340	-60	122.16
26DDH-BB-015	755579	417610	114	350	-55	291.04
26DDH-BB-016	755465	417481	114	5	-58	163.41
26DDH-BB-017	755539	417406	113	0	-48	333.26
26DDH-BB-018	755534	417573	112	0	-72	210
26DDH-BB-019	755529	417630	115	355	-55	177
26DDH-BB-020	755516	417608	112	335	-60	226.1
26DDH-GH-001	755712	418026	134	338	-50	195
26DDH-GH-002	755349	417659	110	35	-57	200
26DDH-GH-003	755385	417749	110	45	-48	200.8
26DDH-GH-004	755329	417688	110	5	-58	148.35
26DDH-GH-005	755326	417681	110	5	-58	156.5
26DDH-JT-024	755136	417784	126	355	-48	260.7
26DDH-JT-025	754832	418060	105	355	-63	296.6

All drill information is available through this link.

QAQC

Drillholes BB-020, GH-002, JT-024, and JT-025 were crushed at the preparation lab on Sela Creek. The Sela Creek preparation lab uses heavy-duty jaw-crushers to reduce regular half core samples to a fine crush, whereby at least 75% of the sample can pass a 2.2 mm screen. The uniformly crushed sample is then put through a riffle-splitter; resulting in a ca. 300-500 g sample, to be shipped to the Filab in Paramaribo for further sample preparation (pulverizing) followed by analysis, and the remaining reject is kept in dry storage for future quality control or duplicate testing. The Company inserts regular crush duplicates to ensure the split sample is representative of the entire section of drill core. The remainder of the samples were fully processed at FiLAB Suriname, a commercial certified laboratory under ISO 9001:2015. At FiLAB, samples are crushed and pulverized to 85% passing 88 µm prior to analysis using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t) Au, another cut was taken from the original pulp and fire assayed with a gravimetric finish. Samples with coarse visible gold or returning an assay value over 10.0 g/t Au, metallic screen analysis is conducted on the coarse reject material. Miata Metals inserts certified reference standards, as well as blanks and crushed core duplicates, in the sample sequence for quality control and assurance. All samples passed QAQC.

QP Statement

The scientific and technical information in this news release has been reviewed and approved by Dr. Jacob Verbaas, P.Geo., a director of the Company and Qualified Person as defined under the definitions of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Miata Metals Corp.

Miata Metals Corp. (TSX.V: MMET) is a Canadian mineral exploration company listed on the TSX Venture Exchange, as well as the OTCQX (OTCQX: MMETF) and Frankfurt (FSE: 8NQ) Exchanges. The Company is focused on the acquisition, exploration, and development of mineral properties. The Company holds a 70% interest in the ~215 km² Sela Creek Gold Project with an option to acquire a full 100% interest, and a 70% beneficial interest in the Nassau Gold Project with an option to acquire 100%. Both exploration properties are located in the greenstone belt of Suriname.

On Behalf of the Board

Dr. Jacob (Jaap) Verbaas, P.Geo | CEO and Director

For Further Information, please contact:

Nikki McEachnie
Director of Investor Relations
nikki@miatametals.com
1-778-486-1500

Forward-Looking Statements

Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipates”, “anticipated”, “expected”, “intends”, “will” or variations of such words and phrases or statements that certain actions, events or results will occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Neither the TSX.V nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release

Photos accompanying this announcement are available at
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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Miata Metals' highlighted Jons Trend drilling results?

Hole JT-025 returned 43.0 m at 2.42 grams of gold per tonne from 191.0 m, including 4.0 m at 17.11 grams per tonne. A separate interval returned 25.6 m at 1.96 grams per tonne from 132.0 m, including 1.49 m at 17.51 grams per tonne.

Did Miata Metals confirm a connection between Jons Trend and Big Berg?

Four holes drilled between Jons Trend and Big Berg confirmed continuity across a 1.5 km mineralized corridor. The system remains open along strike and at depth. Miata plans additional drilling to establish further continuity and define the corridor's limits.

What drilling does Miata Metals plan next at Big Berg?

The next planned Big Berg drilling phase will fill gaps between Jons Trend and Big Berg and test the southeastern extension of known mineralization.