Vancouver, British Columbia--(Newsfile Corp. - October 12, 2023) - Miata Metals Corp. (CSE: MMET) ("Miata" or the "Company") announces the completion of a ground geophysical survey on its Cabin Lake gold-silver-lead-zinc project in British Columbia.

Highlights

• Ground geophysical survey completed over the Cabin Lake project
• Survey includes VLF and magnetic data over priority structures
• The survey complements a 2022 airborne magnetic and radiometric survey

The Miata team has collected high-quality magnetic and VLF data over priority structures. These structures were interpreted from a gradient magnetic and radiometric survey that was flown in 2022. Copper and silver anomalies in till occur over portions of these structures and the Company believes that these represent areas where the structures are mineralized.

About the Cabin Lake gold-silver-lead-zinc Project

The Cabin Lake project is a road accessible project near the British Columbia town of Vanderhoof. The project is near the Coastal GasLink pipeline and high voltage transmission lines. Thanks to its favourable topography and road access, the project can be explored year-round.

The project has previously been explored for intrusive related gold and silver mineralization. Based on extensive compilation and research, as well as an effective 2022 exploration program including sampling, soil sampling and airborne geophysical surveying, the Company believes that the project is prospective for structurally hosted gold, silver, lead and zinc.

The project has been drilled by past operators and has yielded encouraging results that are shown in Table 1. These results are historical in nature and have not been verified by the Company. The Company intends to design and plan a 3D IP survey over the main targets that will lead to drill targeting and drilling of the most prospective zones.

Table 1. Historical drill results

Figure 1. Locations of the historical drill results in Table 1. Interpreted structures are dashed.

About Miata Metals Corp.

Miata is a Canadian company listed on the Canadian Securities Exchange (CSE: MMET). The Company is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties. Currently, the Company has an option to earn a 100% interest in the Cabin Lake Property in the Omineca Mining Division, British Columbia. The Company continuously evaluates opportunities to acquire interest in additional exploration stage mineral properties in stable jurisdictions.

Data Verification

All data presented above is historical in nature and has not been verified by the Company.

Qualified Person

Dr. Thomas Hawkins, P.Geo. is a qualified person as defined by NI 43-101 and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

ON BEHALF OF THE BOARD,

Dr. Jacob (Jaap) Verbaas, P. Geo | CEO and Director
info@miatametals.com
+1 647 689 6041

Forward-Looking Statements

This press release contains certain forward-looking statements as well as historical information. Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of the Company. Forward-looking statements include, but are not limited to, the commencement of trading of the Company's common shares on a split basis, the record date, the completion of the Share Split and the stock split increasing the liquidity of the common shares. The words "expected", "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Although the Company believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

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