Dieppe, N.B. – March 25, 2025 – Canadian Gold Resources Ltd. (“Canadian Gold” or the “Company”) (TSX.V: CAN), a Canadian exploration company focused on high-grade gold projects in Quebec’s Gaspé Gold Belt, is pleased to announce the preliminary interpretation of data from the recently completed airborne magnetic survey at its wholly owned Lac Arsenault Property, located on the Gaspé Peninsula. The survey results represent a significant exploration milestone, delivering critical structural insights and advancing the Company’s understanding of the mineralized systems along its 34-kilometre land position on the highly prospective Grand Pabos Fault. “The promising data from Lac Arsenault reinforces the exploration potential along the Grand Pabos Fault system,” said Ronald Goguen, Chairman, President & CEO of Canadian Gold. “The identification of clear structural continuity enhances our confidence in the potential for new gold and silver discoveries across our holdings and marks a key advancement in our strategy to unlock value within the Gaspé Gold Belt.” Highlights of the Magnetic Survey: Multiple major fault structures identified, including precise delineation of the Grand Pabos Fault and newly recognized splay and secondary structures interpreted to be critical for gold-silver mineralization emplacement. Key structures correlate with known historical mineral showings, including the Baker Vein (Au-Ag-Pb) and the Mersereau Vein (Au-Ag-Pb), significantly enhancing the prioritization of future drill targets. Improved structural understanding supports regional continuity of mineralized systems across the Company’s land holdings, including the Robidoux and VG Boulder properties.
Dieppe, N.B. – February 21, 2025 – Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN), announces that, effective as of February 21, 2025, it has terminated its investor relations agreement with Alliance Advisors, LLC (the “Agreement”) (see the Company’s news release dated January 20, 2025). As a result, the Company has withdrawn its application to TSXV to accept the Agreement. The decision to terminate was made after careful consideration of the Company's strategic direction and continuing challenges in respect of the operating terms of the Agreement for both parties. The Company remains committed to enhancing shareholder value and will explore alternative options to ensure effective communication with its stakeholders and the broader investment community. The Company also wishes to provide supplemental information and clarification regarding certain stock option grants originally announced on January 29, 2025, as follows: according to the terms of its stock option plan, the Company has granted, effective January 23, 2025, 1,500,000 options to members of the board of directors and 500,000 options to various officers, employees and non-investor relations consultants. Each option entitles the holder to acquire one common share of the Company at $0.25 per share for a period of 10 years. There are no vesting provisions. For more information, visit www.cdngold.com . About Canadian Gold Resources Ltd. Canadian Gold Resources Ltd. (TSXV: CAN) is a Canadian exploration company focused on developing high-grade gold projects in the Gaspé Gold Belt of Quebec. The Company targets under-explored, past-producing properties with significant growth potential, leveraging modern exploration techniques to unlock value. With a team of experienced professionals and a commitment to sustainability and community engagement, Canadian Gold Resources is well-positioned to capitalize on opportunities within this historic and promising gold region. For more information, visit www.cdngold.com . For further information, please contact: Ronald Goguen Chairman, President & CEO Canadian Gold Resources Ltd. rongoguen@cdngold.com 506-383-4274 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Dieppe, N.B. – January 20, 2025 – Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN), Canadian exploration company focused on developing high-grade gold projects in the Gaspé Gold Belt of Quebec, is pleased to announce it has entered into an investor relations agreement (the “Alliance Agreement”) with Alliance Advisors Investor Relations (“Alliance”) and has retained Integral Wealth Securities Limited (“Integral”) to provide market-making services (the “Integral Agreement”) in accordance with TSX Venture Exchange (“TSXV”) policies. The partnerships aim to enhance Canadian Gold’s communication with the investment community and increase visibility within the resource sector. “Partnering with Alliance and Integral marks an important milestone for Canadian Gold Resources,” Ron Goguen, Chairman, President and CEO of Canadian Gold stated. “Alliance’s strategic communication expertise, paired with Integral’s focus on improving market dynamics, will help us strengthen relationships with investors, enhance trading activity, and effectively showcase the potential of our projects.” “We are excited to partner with Canadian Gold Resources as they continue to build momentum in the resource sector,” said Alyssa Barry, President of Alliance Advisors Investor Relations. “With a unique project portfolio and an experienced leadership team, we look forward to helping them connect with investors and effectively communicate their vision to the market.” Pursuant to an agreement dated November 1, 2024, entered with Alliance through the acquisition of IR Labs Inc., Alliance has agreed to provide investor relations and communications services to the Company in exchange for a monthly fee of C$10,000. The services include developing and managing PR/media, social media and stakeholder relations. The term of the agreement is for a period of 12 months ending October 31, 2025. Canadian Gold has also retained Integral Wealth Securities to provide market-making services with the objective of improving liquidity and enhancing the trading environment for the Company’s shares. Integral Wealth Securities will trade shares of Canadian Gold on the TSX Venture Exchange in accordance with applicable policies to ensure a fair and orderly market. The Integral Agreement has an initial term of three (3) months commencing from December 1, 2024 (the “Initial Term”) and shall be renewable at the Company’s discretion on a month-to-month basis. The engagement may be terminated by the Company on 30 day’s written notice. Integral will be paid a monthly fee of C$5,500 (plus HST). There are no performance factors contained in the Integral Agreement and no security-based compensation in connection with the engagement. Integral and its clients may acquire an interest in the securities of the Company in the future. Integral is an arm's length party to the Company. Integral will be responsible for the costs it incurs in buying and selling the Company's common shares, and no third party will be providing funds or securities for the market making activities. The Alliance and Integral Agreements are subject to the acceptance of the TSX Venture Exchange. For more information, visit www.cdngold.com . About Canadian Gold Resources Ltd. Canadian Gold Resources Ltd. (TSXV: CAN) is a Canadian exploration company focused on developing high-grade gold projects in the Gaspé Gold Belt of Quebec. The Company targets under-explored, past-producing properties with significant growth potential, leveraging modern exploration techniques to unlock value. With a team of experienced professionals and a commitment to sustainability and community engagement, Canadian Gold Resources is well-positioned to capitalize on opportunities within this historic and promising gold region. For more information, visit www.cdngold.com . About Alliance Advisors IR With headquarters in the U.S. and Canada, Alliance Advisors Investor Relations implements strategic IR programs to meet the specific needs of clients across diverse sectors. Leveraging industry best practices and modern investor strategies, the firm’s seasoned professionals help clients navigate complex markets, drive shareholder engagement, and support their strategic growth on a global scale. Alliance Advisors IR is a division of Alliance Advisors, a global leader in shareholder engagement and governance advisory. For more information, visit https://allianceadvisorsir.com/ . About Integral Integral Wealth Securities Limited is a national independent CIRO-licensed investment dealer. Founded in 2003, the firm has established capabilities in market making, wealth management and investment banking. The firm's FINRA-regulated US broker dealer affiliate, Integral Wealth Securities LLC, is engaged in investment banking and private placements. For more information, visit https://integralwealth.com/ca/ . For further information, please contact: Ronald Goguen Chairman, President & CEO of Canadian Gold Resources rongoguen@cdngold.com 506-383-4274 Investor Relations Susan Xu investors@cdngold.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding the Offering and use of proceeds from the Offering. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
Dieppe, N.B. – January 2, 2025 – Further to its news release of December 18, 2024, Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN) is pleased to announce it has closed a non-brokered private placement of flow through and non-flow through units (the “Offering”) for total gross proceeds of $2,345,000. The Company sold: (i) 7,418,333 flow-through units (each, an “FT Unit”) at $0.30 per FT Unit, for gross proceeds of $2,225,500; and (ii) 478,000 non flow-through units (each, an “NFT Unit”) at $0.25 per NFT Unit for gross proceeds of $119,500. Each FT Unit is comprised of one (1) flow-through share in the capital of the Company (each, an “FT Share”) and one-half (1/2) of a common share purchase warrant (an “FT Warrant”). Each whole FT Warrant entitles the holder to acquire one (1) common share in the capital of the Company at a price of $0.40 per share for a period of 24 months from the date of issuance. Each NFT Unit is comprised of one common share in the capital of the Company (each, an “NFT Share”) and one (1) common share purchase warrant (an “NFT Warrant”). Each NFT Warrant entitles the holder to acquire one (1) common share in the capital of the Company at a price of $0.35 per share for a period of 24 months from the date of issuance. The FT Shares will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Quebec) with respect to purchasers in Quebec. Proceeds from this Offering will be used by the Company primarily for bulk sampling and exploration at the Company’s Lac Arsenault property and other high-grade gold projects in the Gaspé Gold Belt of Quebec and general working capital. Proceeds from the sale of FT Units will only be used to incur eligible “Canadian exploration expenses” in Quebec that qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada). In connection with the Offering, the Company has paid $159,275 cash finder’s fees and issued 533,821 finder’s warrants (each a “Finder’s Warrant”) to eligible arm’s length parties. 512,821 Finder’s Warrants entitle the holder to acquire one (1) common share in the capital of the Company at a price of $0.30 per Common Share while 21,000 Finder’s Warrants entitle the holder to acquire one (1) common share in the capital of the Company at a price of $0.25 per Common Share, all for a period of 24 months from the date of issuance. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance. Closing of the Offering is subject to final acceptance by the TSX Venture Exchange. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. For more information, visit www.cdngold.com . About Canadian Gold Resources Ltd. Canadian Gold Resources Ltd. (TSXV: CAN) is a Canadian exploration company focused on developing high-grade gold projects in the Gaspé Gold Belt of Quebec. The Company targets under-explored, past-producing properties with significant growth potential, leveraging modern exploration techniques to unlock value. With a team of experienced professionals and a commitment to sustainability and community engagement, Canadian Gold Resources is well-positioned to capitalize on opportunities within this historic and promising gold region. For more information, visit www.cdngold.com. For further information, please contact: Ronald Goguen Chairman, President & CEO of Canadian Gold Resources rongoguen@cdngold.com 506-383-4274 Investor Relations Caroline Sawamoto investors@cdngold.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding the Offering and use of proceeds from the Offering. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
