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Miata Metals Announces $3 Million Private Placement of Units

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE:MMET) (FSE: 8NQ) (OTCQB:MMETF) ("Miata" or the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") for total gross proceeds of up to $3,000,000, consisting of up to 13,043,478 units of the Company (each, a "Unit") at a price of $0.23 per Unit.

Each Unit will consist of one common share in the capital of the Company and one-half of one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire an additional common share at a price of $0.40 for a period of 24 months following the closing of the Offering. The Warrants will be restricted from exercise until the 61st day following the closing of the Offering.

The Company intends to use the proceeds from the Offering for exploration activities on its Sela Creek and Nassau Gold projects in Suriname, and for general working capital and corporate purposes.

The Units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions ("NI 45-106") in all of the provinces and territories of Canada, excluding Quebec. Pursuant to NI 45-106, the securities forming part of the Units issued to Canadian residents under the Offering will not be subject to resale restrictions. The Company is relying on the exemptions in Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Order") and is qualified to distribute securities in reliance on the exemptions included in the Order.

There is an offering document related to the Offering that will be made available under the Company's profile on SEDAR+ at www.sedarplus.com. The offering document will also be made available on the issuer's website at www.miatametals.com. Prospective investors should read this offering document before making an investment decision.

The Offering is expected to ...