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.

Share This

Recent News Releases

June 24, 2026
Dieppe, N.B. – June 24, 2026 – Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce the voting results from its Annual and Special Meeting of Shareholders (the "Meeting") held on June 19, 2026 in Dieppe, New Brunswick. The below individuals were nominated and received the requisite majority of votes and will be directors of the Company for the ensuing year: Ronald J. Goguen Sr. Kenneth Chernin Roger Bourgault Ian McGavney David J. Hennigar In addition, shareholders: (i) approved the re-appointment of Davidson & Company LLP, Chartered Professional Accountants as Auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration; and (ii) ratified and approved the Company's rolling stock option plan. Board and Management Comments "On behalf of the Board, I want to thank our shareholders for their continued support and engagement," said Ronald Goguen, Sr. Chairman of the Board of Canadian Gold Resources. "With our Board and governance matters confirmed, we remain focused on advancing our 2026 exploration program across the Lac Arsenault, Robidoux, and VG Boulder properties on the Gaspé Peninsula."
June 18, 2026
Dieppe, N.B. – June 18, 2026 – Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce its 2026 exploration program, which will encompass all three of its 100% owned projects located in the Gaspé Peninsula, Québec: Lac Arsenault, Robidoux, and VG Boulder. The program reflects the Company's continued commitment to advancing its portfolio of exploration-stage assets and creating long-term value for shareholders. Management Commentary Ken Chernin, Interim President and CEO of Canadian Gold Resources, commented: "Our immediate priorities are clear: advance the Lac Arsenault bulk sample toward execution, continue expanding our understanding of the property's broader discovery potential, and unlock value across our portfolio through disciplined exploration. While certain operational initiatives have affected the timing of assay submissions, we believe these steps are necessary to ensure we have the right people, processes and technical oversight in place. We remain confident in the potential of our assets and are committed to advancing them in a manner that reflects prudent stewardship of shareholder capital and the highest professional standards." Program Highlights The 2026 exploration program will comprise reconnaissance prospecting, geological mapping, and soil geochemistry surveys across all three properties. The planned work is designed to refine the Company's geological models, identify and prioritize new areas of interest, and generate targets for upcoming drilling campaigns. Additional geophysical surveys may also be undertaken where warranted by exploration results. Lac Arsenault — Expanded Diamond Drilling Program & Bulk Sample At the Company's flagship Lac Arsenault property, Canadian Gold intends to undertake a new phase of diamond drilling focused on testing the property's complex structural setting and evaluating targets generated through the Company's ongoing geological interpretation. Interpretation of geological data identified untested fault structures across the property, which management believes represent highly prospective targets for gold-bearing polymetallic vein mineralization. Importantly, the known high-grade polymetallic gold mineralization at Lac Arsenault is hosted within an interlocking fault structure. The Company believes that the numerous additional fault intersections identified throughout the property may represent analogous mineralized systems and intends to evaluate these targets through a systematic exploration program culminating in an expanded diamond drilling campaign in late summer/fall 2026. The Company is currently preparing drill permit applications and expects drilling to commence following receipt of the necessary approvals. The Company's previously announced bulk sample program at Lac Arsenault continues to advance and is proceeding as planned. All permits required for the program remain in good standing, and excavation of mineralized material is expected to commence during the third quarter of 2026. In advance of initiating the bulk sample, the Company is awaiting assay results from its recently completed drill program. These results are expected to enhance the Company's understanding of the geometry, continuity and characteristics of the mineralized system, helping to further de-risk the project and ensure that the bulk sample is executed utilizing the most complete geological information available. Concurrently, the Company is reviewing previously obtained processing and transportation quotations and finalizing the logistical arrangements associated with the program. The Company remains encouraged by the progress to date and looks forward to advancing this important milestone in a disciplined and methodical manner. Robidoux — Diamond Drill Program Canadian Gold also plans to undertake a diamond drilling program on the Robidoux property in late summer/fall 2026, marking a significant milestone in the advancement of the asset. The exploration program will start in June with detailed reconnaissance prospecting and soil geochemistry surveys designed to further define the property's geological framework and support drill target generation. Permit applications are being prepared, and the Company expects to mobilize once approvals have been received. Canadian Gold believes the Robidoux property represents a compelling exploration opportunity, supported by gold occurrences identified through historical work. The Company is excited to commence work at Robidoux and apply modern exploration techniques to evaluate the property's full potential. VG Boulder — Reconnaissance Program At the VG Boulder property, the Company will conduct reconnaissance prospecting and soil geochemistry surveys with the potential for follow-up drilling later in 2026, subject to exploration results and permitting. A key objective of the program will be the systematic evaluation of the property's precious metal and antimony potential through systematic outcrop mapping and sampling. The Company plans to utilize a portable backpack drill to access and obtain samples from prospective outcrops, generating valuable geological data to support target generation and resource evaluation. Canadian Gold believes growing global interest in critical minerals presents a compelling opportunity to advance the VG Boulder project while continuing to build value across its broader exploration portfolio. Operational Update Assay results from the Company's recently completed drill program at Lac Arsenault have taken longer to process and interpret than originally anticipated. During this period, the Company has undertaken a number of initiatives designed to strengthen its technical capabilities and support the efficient execution of its exploration programs. Over the past several weeks, the Company has undertaken a number of initiatives designed to strengthen its technical capabilities and support the efficient execution of its exploration programs. These initiatives have included the transition to a new Qualified Person overseeing the Company's technical activities, the engagement of additional geological expertise, and the advancement of plans to formalize the appointment of an experienced project geologist to support field operations. As part of its ongoing commitment to prudent stewardship of shareholder capital and operational excellence, the Company has also been reviewing certain aspects of its analytical and sample handling processes with the objective of improving efficiency and supporting future exploration activities. While these initiatives have contributed to the timing of assay submissions, management believes they represent important investments in establishing the technical oversight, operational standards and project infrastructure necessary to support the Company's long-term objectives. The Company expects to provide shareholders with a further operational update regarding assay timing and related activities in the near term as additional information becomes available. Canadian Gold remains committed to fulfilling its continuous disclosure obligations in accordance with applicable securities laws and NI 43-101 requirements. Management appreciates the patience and continued support of its shareholders and believes that taking the time to build the right technical foundation will position the Company to advance its projects in a disciplined manner and maximize long-term shareholder value. Qualified Person The scientific and technical information in this news release has been reviewed and approved by Martin Aucoin, P.Geo., a Qualified Person under NI 43-101. Mr. Aucoin is a geological consultant to the Company and is a non-independent Qualified Person.
May 22, 2026
Dieppe, N.B. – May 22, 2026 – Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement offering pursuant to the "listed issuer financing exemption" (the " LIFE Offering ") under Part 5A of National Instrument 45-106 - Prospectus Exemptions (" NI 45-106 "), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (such exemption, the " Listed Issuer Financing Exemption "). The Company intends to complete the LIFE Offering through the issuance of up to 10,875,000 units of the Company (each, a " Unit ") at a price of $0.10 per Unit (the " Offering Price ") for gross proceeds of up to $1,087,500. Each Unit will consist of: (i) one common share of the Company (each, a " Common Share ") and (ii) one common share purchase warrant (each whole warrant, a " Warrant "), with each Warrant entitling the holder thereof to acquire one Share at a price of $0.18 per Common Share for a period of 36 months after issuance. Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the Units sold pursuant to the LIFE Offering will be offered in all provinces and territories of Canada pursuant to the Listed Issuer Financing Exemption and certain offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable laws. Subject to the rules and policies of the TSXV, the Common Shares issuable from the sale of Units to Canadian resident subscribers will not be subject to a hold period under applicable Canadian securities laws. As the Company completed a financing less than 12 months ago (see the Company's new release dated January 2 and 30, 2026), all Warrants in this LIFE Offering will be restricted from being exercised for a period of 61 days after closing to ensure compliance with the dilution restriction in section 5A.2(h) of the LIFE exemption in National Policy 45-106. Any Common Shares issued upon exercise of a LIFE Warrant after the restrictive period expires will be free trading in Canada. Insiders and certain consultants that participate in the LIFE Offering would be subject to a four-month hold period in respect of securities issued pursuant to applicable policies of the TSXV. There is an offering document related to this LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://www.cdngold.com. Prospective investors should read this offering document before making an investment decision. The net proceeds from the LIFE Offering will be used for exploration and drilling on the Lac Arsenault project, the Robidoux project and VG Boulder project as well as working capital. It is expected that closing of the Offering will take place on or about June 30, 2026 or such other date(s) as may be determined by the Company (the " Closing Date "). Closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including the approval of the TSXV. The Company has engaged Research Capital Corporation (the " Finder ") as exclusive finder and sole booker runner to assist with the Offering. As consideration for services provided by the Finder, the Company may pay: (i) a cash fee equal to up to 8.0% of the gross proceeds of the Offering from investors introduced to the Company by the Finder; (ii) an additional cash advisory fee of $22,500 plus applicable taxes in cash and issue 125,000 Common Shares of the Company with a four (4) month hold at closing of the Offering; and (iii) non-transferable Unit purchase warrants (" Finder's Warrants ") equal to up to 8.0% of the aggregate number of Units issued to those investors. Each Finder's Warrant will entitle the holder to purchase one Unit at a price of $0.10 per Unit for 36 months from the date of issuance. 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 U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
May 6, 2026
Dieppe, N.B. – May 6, 2026 – Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") announces that Ron Goguen Sr. has stepped down from his role as President and Chief Executive Officer as part of a planned leadership transition. Mr. Goguen was a founder of Canadian Gold Resources and played a key role in establishing the Company and advancing its exploration strategy in the Gaspé Peninsula region of Québec. The Board of Directors wishes to extend the Company's sincere thanks to Mr. Goguen for his dedication in directing and managing the Company. Mr. Goguen will continue to provide guidance as the Chairman of the Board of Directors. The Board of Directors has appointed Kenneth Chernin as Interim President and Chief Executive Officer, effective immediately. Ron Goguen, Chairman of the Board commented: “It has been a privilege to help found Canadian Gold Resources and work with a talented group of professionals in advancing the Company’s projects. I believe the Company has built a strong foundation and I look forward to continuing to support the Company in my role as Chairman as the team works to unlock the potential of its assets in the Gaspé region.” Kenneth Chernin brings more than 20 years of experience in capital markets, including roles as a sell-side equity research analyst and senior executive in investor relations and corporate development, with much of his career focused on the mining industry. Since July 2025, Mr. Chernin has served as Vice President of Corporate Development for Canadian Gold Resources, where he has been involved in advancing the Company’s corporate strategy and capital markets initiatives. Ken Chernin, Interim President and CEO, commented: “Canadian Gold Resources has assembled a compelling land position in the Gaspé Peninsula, and we believe the Company is entering an exciting period with several important catalysts ahead. Our immediate focus is clear: advancing our ongoing exploration programs, strengthening corporate execution, and delivering results and milestones to shareholders in a disciplined and timely manner. I would also like to thank Ron for his leadership and contributions to the Company, and I look forward to continuing to benefit from his experience and guidance as Chairman.” The Company expects to provide additional updates on its exploration programs, including results from its drilling activities at Lac Arsenault, in the near term as results become available.
Show More