Dr. Jacob Verbaas reports

MIATA METALS ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS - ACCESSIBLE ON SEDAR+

Further to the news releases dated July 28, 2026, and July 29, 2026, Miata Metals Corp. has filed a final short form prospectus dated Aug. 11, 2026, with the securities commissions in each of the provinces of Canada, except Quebec, in connection with its bought deal public offering of common shares of the company in an amount of 24,391,000 shares for gross proceeds of approximately $10-million.

The bought deal offering is being conducted through a syndicate of underwriters led by ATB Cormark Capital Markets and SCP Resource Finance LP and that includes Canaccord Genuity Corp. The company has granted the underwriters an option to purchase up to an additional 3,658,650 shares on the same terms and conditions as the bought deal offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the bought deal offering, for market stabilization purposes and to cover overallotments, if any. If the overallotment option is exercised in full, additional gross proceeds of $1,500,046 will be raised pursuant to the bought deal offering and the aggregate gross proceeds of the bought deal offering will be approximately $11.5-million. The aggregate gross proceeds to the company from the bought deal offering and the strategic investment by La Mancha Resource Fund SCSp (as described in the prior releases) are expected to be approximately $23,280,304, prior to any exercise of the overallotment option and any related increase to the strategic investment as a result. The strategic investment will establish a pro forma investment by La Mancha of 19.9 per cent of the company.

Access to the final prospectus is provided in accordance with securities legislation relating to procedures for providing access to a prospectus. The final prospectus is accessible on SEDAR+. An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from ATB Cormark Capital Markets by e-mail at ecm@atb.com by providing the contact with an e-mail address or address, as applicable. The final prospectus contains important detailed information about the company and the bought deal offering. Prospective investors should read the final prospectus and the other documents the company has filed on SEDAR+ before making an investment decision.

The bought deal offering and strategic investment are expected to close concurrently on or about Aug. 18, 2026, or such other date as may be agreed upon by the company, the underwriters and La Mancha (as defined in the prior releases), and each remains subject to the satisfaction of customary closing conditions, including receipt of all required regulatory approvals and the acceptance of the TSX Venture Exchange. Closing of each of the bought deal offering and the strategic investment is conditional upon the closing of the other.

Pursuant to the option agreement in respect of the Sela Creek property previously disclosed on Aug. 26, 2024, among the company, Miata Metals Suriname NV, a subsidiary wholly owned beneficially by the company, and Selakriki Oksanisi Resources NV, the company intends to complete the 24-month anniversary payments thereunder and issue 354,457 shares to the optionor at a deemed issue price of 59 cents per Sela Creek option share. The optionor is at arm's length to the company and the optionee. The issuance of the Sela Creek option shares remains subject to acceptance by the TSX-V, and the Sela Creek option shares will be subject to a statutory four-month hold period from the date of issuance in accordance with applicable Canadian securities laws.

If the overallotment option is exercised and/or if the Sela Creek option shares are issued prior to the closing of the strategic investment, then the aggregate gross proceeds of the strategic investment will be increased accordingly such that La Mancha will maintain its pro forma strategic investment of 19.9 per cent of the company.

About Miata Metals Corp.

Miata Metals is a Canadian mineral exploration company listed on the TSX-V, as well as quoted on the OTCQX and Frankfurt exchanges. The company is focused on the acquisition, exploration and development of mineral properties. The company holds a 70-per-cent interest in the approximately 215-square-kilometre Sela Creek gold project with an option to acquire a full 100-per-cent interest, and a 70-per-cent beneficial interest in the Nassau gold project with an option to acquire 100 per cent. Both exploration properties are located in the greenstone belt of Suriname.

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