Miata Adds Additional Drill Rig and Increases Discovery Potential with Fully Funded 25,000 m Drill Program at the Sela Creek Gold Project

Core Viewpoint - Miata Metals Corp. has announced the arrival of an additional drill rig at its Sela Creek Gold Project, enabling a fully funded 25,000 m drill program planned for 2026, building on a successful 2025 campaign with a 100% hit rate at the Jons Trend Zone [1][3][4] Drilling Program - The company completed 10,061 m of drilling in 2025, achieving a 100% hit rate at the Jons Trend Zone and identifying multiple new mineralized zones [1][5] - The newly arrived Sandvik 710 drill rig allows for two rigs to operate continuously throughout 2026, with the capacity to drill 25,000 m [4][5] - Approximately 50% of the 2026 drilling will focus on the Jons Trend, while the other 50% will target six high-priority discovery targets, including Puma East, Puma West, and Big Berg [5][6] Operational Efficiency - The operational efficiency has significantly increased, with 3,000 m drilled in the last two months of 2025, indicating a trend that the company intends to continue [8] - On-site optimization efforts include the construction of a prep lab, improved wet-season access, and expanded fuel storage, which will further reduce the cost per meter drilled [5] Exploration Strategy - The company is advancing six prospects to drill-ready status for the first half of 2026, based on extensive surface programs and reinterpretation of historical datasets [5][7] - The Jons Trend zone is emerging as a significant mineralized area, measuring 750 x 250 m, and remains open in all directions, presenting further expansion potential [7] Financial and Management Actions - Miata has exercised 1,300,000 incentive stock options at an exercise price of $0.23 per share, with insiders maintaining a substantial net share position, indicating confidence in the company's prospects [9]