New Risk • Apr 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.31m market cap, or US$4.62m). Annonce • Apr 16
Canadian Gold Resources Ltd., Annual General Meeting, Jun 19, 2026 Canadian Gold Resources Ltd., Annual General Meeting, Jun 19, 2026. New Risk • Feb 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$8.78m market cap, or US$6.45m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Annonce • Jan 31
Canadian Gold Resources Ltd. announced that it has received CAD 1.05 million in funding Canadian Gold Resources Ltd. announces that it has completed 7,000,000 non flow-through units at a price of CAD 0.15 per NFT Unit for gross proceeds of CAD 1,050,000 on January 29, 2026. Each NFT Unit is comprised of one common share and one share purchase warrant, each Warrant entitling the holder to acquire one additional Common Share of the Company at a price of CAD 0.22 per share for a period of 36 months from the date of issuance. In connection with the sale of the NFT Units, the Company paid CAD 79,640 cash finder's fees and issued 530,933 finder's warrants to eligible arm's length parties. Closing of the LIFE Offering is subject to final acceptance by the TSX Venture Exchange. New Risk • Jan 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$11.5m market cap, or US$8.38m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Annonce • Nov 28
Canadian Gold Resources Ltd. Reports Maiden Diamond Drill Program At the Lac Arsenault Project Canadian Gold Resources Ltd. reported that its maiden diamond drill program at the Lac Arsenault Project is now underway. Drill equipment has arrived on site, and the Company has completed the first drill collar. A total of 12 drill pads have been constructed to support initial drilling at the high-grade Baker Vein, forming the first phase of the Company's planned program. Canadian Gold is currently operating under a permit authorizing 36 drill holes totaling approximately 3,000 metres. As previously announced on November 14, 2026, the Company has submitted an amended permit application to the Ministere des Ressources naturelles et des Forets (MRNF), which is currently being reviewed. If approved, the amended permit would allow the drill program to expand to up to 60 drill holes, including approximately 15 holes designed to test new high-priority vein and stockwork-style targets identified through the recent Induced Polarization ("IP") survey. Recent Insider Transactions • Oct 07
Independent Director recently bought CA$117k worth of stock On the 3rd of October, David Hennigar bought around 492k shares on-market at roughly CA$0.24 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$200k. Insiders have collectively bought CA$490k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 14
Independent Director recently bought CA$200k worth of stock On the 11th of September, David Hennigar bought around 1m shares on-market at roughly CA$0.20 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$364k more in shares than they have sold in the last 12 months. New Risk • Aug 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.8m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.97m market cap, or US$5.04m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (15% average weekly change). Recent Insider Transactions • Jul 13
Director recently bought CA$68k worth of stock On the 10th of July, David Hennigar bought around 500k shares on-market at roughly CA$0.14 per share. This transaction amounted to 89% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$133k more in shares than they have sold in the last 12 months. Annonce • Jul 11
Canadian Gold Resources Ltd. Reports New Surface Sampling Results from Its 100%-Owned Lac Arsenault Property, Located in Quebec's Underexplored Gaspe Peninsula Canadian Gold Resources Ltd. reported exciting new surface sampling results from its 100%-owned Lac Arsenault Property, located in Quebec's underexplored Gaspe 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 bulktonnage extraction. New Risk • May 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$6.59m market cap, or US$4.73m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (15% average weekly change). Annonce • Apr 09
Canadian Gold Resources Ltd., Annual General Meeting, Jun 26, 2025 Canadian Gold Resources Ltd., Annual General Meeting, Jun 26, 2025. Annonce • Apr 04
Canadian Gold Resources Ltd. Identifies Major Structural Targets from Magnetic Survey at VG Boulder Property, Quebec Canadian Gold Resources Ltd. announced the preliminary interpretation of data from its recently completed airborne magnetic survey at the wholly-owned VG Boulder Property, located on Quebec's Gaspe Peninsula. Survey Highlights: Identification of multiple major fault structures, notably the precise delineation of the Grand Pabos Fault and the Riviere 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 Riviere 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. First Vertical Derivative data (FVD) magnetic data with interpreted structures. Historical mineral showings referenced in Figure 1 are documented from previous exploration filed with Ressources naturelles et Forets (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. The Company will integrate these geophysical findings with ongoing field mapping, targeted sampling programs, and a comprehensive review of historical exploration data to further define high-potential drill targets at VG Boulder, Lac Arsenault, and adjacent properties. Annonce • Mar 26
Canadian Gold Resources Ltd. Announces the Preliminary Interpretation of Data from the Recently Completed Airborne Magnetic Survey At Its Wholly Owned Lac Arsenault Property, Located on the Gaspe Peninsula Canadian Gold Resources Ltd. announced the preliminary interpretation of data from the recently completed airborne magnetic survey at its wholly owned Lac Arsenault Property, located on the Gaspe 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. 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 emacement. 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. First Vertical Derivative data (FVD) magnetic data with interpreted structures. The Baker and Mersereau showings are based on historical data filed with Ressources naturelles et Forets (e.g., report GM59324). While Canadian Gold has not verified these historical results and does not rely on them, the interpreted structural continuity and historical indicators together support the region's high mineral potential. Historical grades are not necessarily indicative of current or future mineral resources. The Company will continue integrating this geophysical data with field mapping, sampling, and historical datasets to further refine drill targets at Lac Arsenault and adjacent projects. Board Change • Jan 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Ian McGavney was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 29
Canadian Gold Reveals Promising Airborne Magnetic Survey Results for Robidoux Property Canadian Gold Resources Ltd. announced the preliminary interpretation of airborne magnetic survey data for its Robidoux property in Quebec’s Gaspé Peninsula. The results represent a major milestone for the Company, providing detailed structural insights into the Robidoux property, which is part of the Company’s broader 34 km stretch along the highly prospective Grand Pabos Fault. Key Findings: Identified key fault structures that align with known mineral showings, structures are critical in the emplacement of gold-silver mineralization and point to significant exploration potential. The new data has allowed for a more precise location of the Grand Pabos Fault, which was previously unclear in regional datasets. Also revealed are key splay and secondary structures offering valuable drill targets for future exploration. The interpreted structures coincide with known showings such as the Robidoux-Appalache Au-Ag-Pb showing, and the location of the historic bulk sample. Canadian Gold Resources has not verified these historic results and is not relying on them. The Robidoux-Appalache Au-Ag-Pb showing source of historical information referred to herein is report GM58486 filed with Ressources naturelles et Forêts. New Risk • Jan 17
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.00m market cap, or US$4.16m). Minor Risk Less than 3 years of financial data is available. Annonce • Jan 03
Canadian Gold Resources Ltd. announced that it has received CAD 2.345 million in funding On January 2, 2025, the company has closed the transaction. The company has issued 7,418,333 flow-through units at a price of CAD 0.30 per unit for the gross proceeds of CAD 2,225,500 and 478,000 non flow-through units at ice of CAD 0.25 per unit for the gross proceeds of CAD 119,500 for the aggregate gross proceeds of CAD 2,345,000. In connection with the Offering, the Company has paid CAD 159,275 cash finders fees and issued 533,821 finders warrants Annonce • Dec 20
Canadian Gold Resources Limited completed the acquisition of 34 Mineral claims in the Robidoux Property located in Western Gaspe´, Que´bec from Fancamp Exploration Ltd. (TSXV:FNC) for CAD 1.33 million. Canadian Gold Resources Limited entered into a formal mining claims sale agreement to acquire 34 Mineral claims in the Robidoux Property located in Western Gaspe´, Que´bec from Fancamp Exploration Ltd. (TSXV:FNC) for CAD 0.5 million on January 31, 2023. The Transaction’s purchase price as listed in the Sale Agreement for the Robidoux Mining Claims package is set at CAD 500,000, of which CAD 50,000 is to be paid to Fancamp by Canadian Gold at the signing of the Sale Agreement, and CAD CAD 50,000 is to be paid 180 days following the signature date. The Transaction and the transfer of the Mineral Claims to Canadian Gold is conditional upon Canadian Gold completing an Initial Public Offering within fourteen months of the signature date of the Sale Agreement and thereafter issuing shares from the Canadian Gold treasury in a value of CAD 400,000 to Fancamp. Should Canadian Gold fail to complete an IPO within the IPO Deadline, the Sale Agreement shall be terminated and Fancamp shall have no further obligations to transfer the Mineral Claims to Canadian Gold. As part of this Transaction, Fancamp will be entitled to a 2% Net Smelter Return in respect to products derived from the Robidoux Property in accordance with provisions of a royalty agreement to be entered into between the parties.
Canadian Gold Resources Limited completed the acquisition of 34 Mineral claims in the Robidoux Property located in Western Gaspe´, Que´bec from Fancamp Exploration Ltd. (TSXV:FNC) for CAD 1.33 million on December 19, 2023. 