Announcement • Jul 23
Canadian Gold Resources Ltd. announced that it expects to receive CAD 0.256 million in funding Canadian Gold Resources Ltd. has announced non-brokered private placement to issue 3,200,000 flow-through common shares at the price of CAD 0.08 for the gross proceeds of CAD 256,000 On July 22, 2026. The transaction involves a single arm's length accredited investor. In connection with this placement, the company intends to pay an eligible arm's length party a cash fee in the amount of CAD 17,920 and issue 224,000 non-transferable finder's warrants. Each Finder's Warrant entitles the holder to acquire one non-flow through common share of the Company at an exercise price of CAD 0.08 per Finder's Warrant for a period of 24 months from the date of the issuance. All securities issued pursuant to this placement are subject to a statutory hold period of four months and a day from the date of issuance. The placement is also subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals including the acceptance of the TSX Venture Exchange. Announcement • Jun 20
Canadian Gold Resources Announces 2026 Exploration Program Across Three Québec Properties and Provides Lac Arsenault Operational Update Canadian Gold Resources announced 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 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. 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. 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. 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. Assay results from the Company's recently completed drill program at Lac Arsenault have taken longer to process and interpret than originally anticipated. 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. New Risk • Jun 19
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 13% 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 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$4.39m market cap, or US$3.10m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). 
