NEWS RELEASE

Canadian Gold Resources Uncovers High-Grade Gold-Silver Mineralization in Surface Sampling at Lac Arsenault Four Best Samples Return Grades up to 28.9 g/t Gold and 452 g/t Silver

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.

Figure 1: Samples Maps at Baker Vein and Mersereau Vein

Exploration Program Summary

The June 2025 program included mechanical trenching and sampling along the Baker and Mersereau veins. In addition to confirming historical data, new assays revealed broader zones of high-grade gold, silver, and lead mineralization than previously recognized.


Importantly, three samples from Type-4 veins—historically considered “poor in metals”—returned mineralization of economic interest. For example, Sample BV2025-002 returned:

  • 1.29 g/t gold
  • 39.0 g/t silver
  • 1.04% zinc


“We consider these sample results to be significant.” said Mark Smethurst, P.Geo., VP Exploration for Canadian Gold Resources. Not only have we confirmed high-grade gold and silver in our primary structures, but we’re now seeing mineralization in areas that had be previously written off by prior operators. This discovery opens new potential across the property and puts us in a strong position as we advance toward bulk sampling.”

 

Next Steps

Permitting for the bulk sample program is underway. Additional surface work and modeling will continue in parallel to expand the understanding of mineralization throughout the vein system.

 

QAQC

All technical information in this release has been reviewed and approved by Mark Smethurst, P.Geo., a Director of Canadian Gold Resources who is a Qualified Person as defined under National Instrument 43-101.


The above-mentioned surface grab samples were collected from mineralized quartz veins exposed on surface. Investors are cautioned that grab samples are inherently selective and serve to prove the presence of mineralization only. Grab sample were put into sample bags, marked and sealed on-site at the sample location. The samples were then transported in secured bags directly from the sample location sites to Actlabs, Hamilton. All are ISO/IEC 17025 accredited labs. Analysis for precious metals were completed by Fire Assay. Certified standards and blanks are inserted at a rate of two standards and a blank per 10 samples, duplicates are also completed. 



About Canadian Gold Resources Ltd.

Canadian Gold Resources Inc. is a Canadian-based junior exploration company focused on advancing high-grade gold and silver assets in mining-friendly jurisdictions. The Company’s flagship Lac Arsenault Project in Quebec hosts multiple gold-bearing epithermal vein systems and offers significant expansion potential through near-surface exploration and development.



For further information, please contact:


Ronald J. Goguen
President & CEO, Director
Canadian Gold Resources Ltd.
📧
investors@cdngold.ca

📞 +1 (506) 857-4090


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

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.
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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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