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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Recent News Releases

July 15, 2025
Dieppe, N.B. – July 15, 2025 – Canadian Gold Resources Ltd. (TSXV: CAN) (“Canadian Gold” or the “Company”) is pleased to announce that it has received all required permits from the Government of Québec to proceed with a bulk sampling program with plans to test between 5,000 to 10,000 tonnes of mineralized materials at its 100%-owned Lac Arsenault Gold Project, located in the Gaspé region of eastern Québec. The bulk sample is intended for exploration purposes only and is not considered a production decision. As a condition of the permit, the Company is required to drill three (3) shallow water monitoring wells in the vicinity of the proposed sampling area to identify potential groundwater presence. If water tables are encountered, baseline water quality testing will be conducted both before and after the program. Canadian Gold fully supports this requirement as part of its commitment to responsible exploration and environmental stewardship. Next Steps With permits secured, Canadian Gold will now begin preparations for mobilizing personnel and equipment to site. In the coming weeks, the Company will finalize agreements with drilling, excavation, and haulage contractors, complete the required water wells, and install temporary infrastructure to support safe operations near the Baker and Mersereau veins. Once site preparation is complete, material sampling is anticipated to commence and continue for approximately three weeks. The sampled material will be transported to a third-party facility for off-site processing and analysis. Updates will be provided as results become available, including recoveries and implications for future exploration planning. Management Commentary Ron Goguen, President & CEO of Canadian Gold, commented: “ Receiving this permit is a major milestone in the advancement of our Lac Arsenault Project. This program is designed to evaluate the technical and geological characteristics of the near-surface mineralization. Historical work conducted by Imperial and Esso Minerals in the 1970s reported a historical estimate of approximately 40,000 tonnes grading 15.43 g/t gold and 197 g/t silver (Stevenson, L., 1975, Geological Report on the Lac Arsenault Property, Esso Minerals Canada). A subsequent 1996 report revised the estimate to 199,580 tonnes grading 9.59 g/t gold, or approximately 61,536 contained ounces (Côté, R., 1996, Lac Arsenault Project Resource Evaluation, Unpublished Internal Report). While these historical estimates do not comply with current CIM standards, they indicate strong historical interest in this high-grade system. Additional core drilling, systematic surface sampling, and database verification will be required to validate the data and assess whether a current resource can be defined. ” Clarification on Economic Potential While Canadian Gold is encouraged by the opportunity to generate technical and metallurgical data from the bulk sample, no economic analysis has been completed, and there are no mineral reserves at Lac Arsenault. Any references to possible revenue from sample processing are entirely speculative and do not demonstrate economic viability. There is no production decision and no feasibility study has been conducted. Should positive results occur, proceeds may be allocated toward working capital, additional exploration, or future shareholder returns, but no production decision or dividend policy has been made at this time. There is no assurance that results will support future exploration or development decisions.
July 9, 2025
Dieppe, N.B. – July 9, 2025 – Canadian Gold Resources Ltd. (TSXV: CAN) (“Canadian Gold” or the “Company”) is pleased to report exciting new surface sampling results from its 100%-owned Lac Arsenault Property , located in Québec’s underexplored Gaspé Peninsula. This latest fieldwork, conducted in early June 2025, focused on exposing and sampling the Baker and Mersereau veins—two primary structures central to the Company’s upcoming bulk sample program. High-grade assay results continue to validate Lac Arsenault’s strong potential to host a precious metals system, while also identifying new zones of mineralization in previously overlooked areas. Sampling Highlights: Sample BVA2025-004: 28.9 g/t gold, 306 g/t silver Sample BVA2025-006: 22.9 g/t gold, 399 g/t silver, 17.8% lead Sample Mersereau (unnumbered): 25.5 g/t gold, 447 g/t silver, 18.4% lead Sample BVA2025-008: 5.32 g/t gold, 452 g/t silver, 25.7% lead These grades are significant for surface sampling and support the near-surface potential for bulk-tonnage extraction.
April 3, 2025
Dieppe, N.B. – April 3, 2025 – Canadian Gold Resources Ltd. (“Canadian Gold” or the “Company”) (TSX.V: CAN), a Canadian exploration company focused on high-grade gold projects within Quebec’s prolific Gaspé Gold Belt, is pleased to announce the preliminary interpretation of data from its recently completed airborne magnetic survey at the wholly-owned VG Boulder Property, located on Quebec’s Gaspé Peninsula. Survey Highlights: Identification of multiple major fault structures, notably the precise delineation of the Grand Pabos Fault and the Rivière Garin Fault, and the delineation of a second major structure parallel to the Grand Pabos Fault. Key structural intersections, including where the Grand Pabos and Rivière Garin Faults converge on the VG Boulder Property, along with significant splay structures that could host concentrated zones of mineralization. Correlation of major structural targets with historical high-grade mineral showings, enhancing regional geological understanding and mineralization continuity across the Company's land holdings, including the Robidoux and Lac Arsenault projects.
March 25, 2025
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.
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