NEWS RELEASE

Canadian Gold Resources Advances Bulk Sample Program Preparation and Discovers New Vein Structure at Lac Arsenault

June 12, 2025

Dieppe, N.B. – June 12, 2025 – Canadian Gold Resources Ltd. (“Canadian Gold” or the “Company”), is pleased to report the completion of key site preparation activities at its 100%-owned Lac Arsenault Gold Project, located in the Gaspé region of Quebec. As part of preparations for the upcoming bulk sample program, Company crews have conducted surface washing of outcrop exposures at both the Mersereau and Baker Veins to further delineate mineralized structures and optimize the bulk sampling plan.


The Mersereau and Baker Veins, previously highlighted in the Company’s April 22 and May 16, 2025 news releases, are known to host high-grade gold and silver mineralization. The recent washing activities have successfully enhanced surface visibility, exposed fresh mineralized rock and aided in the design of targeted extraction areas for the upcoming bulk sample.

Photo 1: Surface preparation works underway at Lac Arsenault’s “Baker Vein” area. Note the precious metal mineralized quartz vein system is at surface. (highlighted)

New Discovery


During the course of this work, Canadian Gold’s geological team discovered a previously unrecognized vein structure located approximately 500 metres northwest of the Baker Vein. This new structure trends subparallel to the Baker Vein and exhibits similar quartz-carbonate veining with associated sulphides. Representative samples have been collected and will be submitted for geochemical analysis.


Mark Smethurst, P.Geo., Director and Geologist at Canadian Gold, noted:


“The work completed at Lac Arsenault over the past weeks has not only refined our bulk sampling plan but also demonstrated the untapped potential of this gold system. The exposure of clean vein surfaces has provided us with greater geological clarity and allowed us to more confidently define and prioritize our bulk sampling zones. In addition, the identification of a new vein structure to the northwest of the Baker Vein is a potentially significant development that further supports the potential scale and structural complexity of the project.”


Historical mineral showings referenced in Figure 1 are documented from previous exploration filed with Ressources naturelles et Forêts (e.g., report GM56965). While these historical grades have not been independently verified by Canadian Gold and should not be considered indicative of current or future mineral resources, they align closely with the newly interpreted structures, highlighting the region’s considerable exploration upside.


Canadian Gold continues to advance preparations for the bulk sample program and will provide further updates on the program timeline, assay results, and ongoing exploration activities in the coming weeks.


Qualified Person

Mark T. Smethurst, P.Geo., a Director of Canadian Gold Resources and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.


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:


Investor Relations


Email: investors@cdngold.com

Website: www.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 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.

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