Miata Metals Commences Drilling at High-Priority Puma Target on Sela Creek Gold Project

VANCOUVER, British Columbia – June 24, 2025 – Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB:MMETF) (“Miata” or the “Company”) today announced the commencement of its highly anticipated drill program at the Puma Target, located within the Company's promising Sela Creek Gold Project. This significant step follows the successful completion of the latest five-hole drilling campaign at the nearby Golden Hand Target, for which assay results are currently pending.

The initiation of drilling at the Puma Target marks a pivotal moment for Miata Metals. The target was prioritized based on compelling high-grade gold results obtained from previous surface sampling and trenching programs. These initial findings suggest the potential for significant gold mineralization at depth, making the Puma Target a key focus for the Company's exploration efforts.

Strategic Exploration Focus

The Sela Creek Gold Project, situated in a geologically prospective region, has demonstrated potential for hosting significant gold deposits. Miata Metals has systematically advanced its exploration strategy, moving from initial reconnaissance and surface work to targeted drilling based on positive early indicators. The decision to drill the Puma Target now is a direct result of the encouraging surface sample data, which indicated the presence of high-grade gold mineralization.

Previous work at the Puma Target included detailed geological mapping, geochemical sampling, and trenching. These activities successfully identified several zones of interest characterized by anomalous gold concentrations. The current drill program is designed to test the subsurface extent and continuity of this mineralization, aiming to define the potential scale and grade of a gold deposit.

Drill Program Objectives

The initial drill program at the Puma Target will consist of a series of strategically placed drill holes designed to intersect the interpreted mineralized structures at various depths. The primary objectives of this program are to:

• Confirm the presence of gold mineralization at depth below the high-grade surface occurrences.
• Determine the geological controls on mineralization, including host rocks, structural features, and alteration patterns.
• Assess the continuity and potential width of the mineralized zones.
• Gather critical data to inform future, more extensive drilling campaigns and potential resource estimation.

Miata Metals is employing experienced drilling contractors and utilizing modern drilling techniques to ensure efficient and accurate data collection. Core samples from the drilling will be sent to accredited laboratories for detailed analysis, including gold assays and multi-element geochemistry.

Market Context and Investment Implications

The commencement of drilling at a high-priority target like Puma is typically viewed positively by the market for junior exploration companies. Successful drilling results, particularly the intersection of significant gold mineralization, can substantially increase the perceived value of a project and the company. Investors often look for catalysts such as drill program initiations and subsequent assay results as indicators of potential future growth and value creation.

For investors in Miata Metals (MMET, MMETF), this news signals active progress on a key asset. While exploration drilling inherently carries risk, the focus on a target with prior high-grade surface results mitigates some of that risk and increases the potential for a positive outcome. The pending assay results from the Golden Hand Target also add another near-term catalyst for the stock.

Actionable Insights for Investors:

• Monitor Drill Progress: Keep an eye on company announcements regarding the progress of the Puma Target drill program.
• Anticipate Assay Results: The most significant catalyst will be the release of assay results from both the Golden Hand and Puma targets. Positive results could lead to significant stock price movement.
• Assess Risk: Understand that exploration drilling is speculative. While the potential upside is high, there is no guarantee of discovering an economic deposit.
• Evaluate Project Potential: Consider the broader potential of the Sela Creek Gold Project based on all exploration results, not just individual drill holes.

Miata Metals is committed to transparent communication with its shareholders and the market as the drill program progresses and results become available. The Company's management believes that the Puma Target represents a significant opportunity to unlock value within the Sela Creek Gold Project.