Miata Metals Announces Exploitation License Renewal for the Sela Creek Gold Project

Core Points - Miata Metals Corp. has successfully renewed its exploitation license for five years, allowing continued exploration at the Sela Creek Gold Project [2][3] - The renewal covers an area of 100 km², which includes the majority of the current artisanal mining footprint and primary zones of interest [2] - The company is currently engaged in a 10,000 m drill program and has secured financing to support systematic exploration [2] Financial Commitments - Miata has made required cash payments under the Option Agreement and issued 592,883 shares valued at US$100,000 to the optionors of Sela Creek [3] - To increase its 70% interest to 100%, the company must complete additional cash and share payments by specified dates, totaling US$750,000 in cash and US$300,000 in shares [4] Company Overview - Miata Metals Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and developing mineral properties [5] - The company holds a 70% interest in the Sela Creek Gold Project, which spans approximately 215 km², and has an option to acquire a full 100% interest [5]