Mr. Ronald Goguen reports

CANADIAN GOLD RESOURCES ANNOUNCES 19.5 G/T GOLD OVER 1.0 METRE IN FIRST HOLE FROM MAIDEN LAC ARSENAULT DRILL PROGRAM

Canadian Gold Resources Ltd. has released initial assay results from the company's continuing maiden diamond drill program at the company's 100-per-cent-owned Lac Arsenault project in Quebec's Gaspe Peninsula.

The first drill hole of the current program (hole LA-26-01) returned:

• 19.5 grams per tonne (g/t) gold over 1.0 metre (true width 0.85 metre) within the Baker vein;
• Including additional mineralization of 1.9 g/t gold over 1.0 metre hosted within metasedimentary sandstone approximately 40 metres outside the main vein structure.

The reported interval of 1.0 metre corresponds to a calculated true width of approximately 0.85 metre based on current geological interpretation.

Drill hole details

• Collar location: 0335087E, 5360708N (NAD83 Zone 20);
• Azimuth: 300 degrees;
• Dip: negative 45 degrees;
• Total depth: 105 metres down hole.

This drilling is designed to test mineralization beneath the planned bulk sample area of the Baker and Mersereau veins.

Program objectives

The current drill campaign is designed to confirm historic drilling results; demonstrate vertical continuity of gold mineralization; test for down-dip extensions of known high-grade zones; improve definition of vein dip and strike geometry; and support continuing resource development work.

The Baker vein is being drilled using a fan pattern of three holes per setup (45-degree, 60-degree and 70-degree dips), with five setups completed to date. This systematic approach is designed to evaluate vertical grade continuity and refine the structural interpretation of vein orientation.

Cross sections are currently being prepared to integrate new results with historic data and support resource modelling efforts. Assays for additional holes are pending and will be released as they are received, verified and compiled.

Management commentary Ron Goguen, president and chief executive officer of Canadian Gold Resources, commented: "These initial results confirm the presence of high-grade gold mineralization within the Baker vein system and support our objective of demonstrating vertical continuity beneath the historic workings. We look forward to reporting additional results as assays are received."

Sampling, analytical methods and QA/QC (quality assurance/quality control)

Drilling was completed using HQ-sized diamond core, which was split to half core for sampling. Samples were securely transported to Activation Laboratories Ltd. (ActLabs) in Ancaster, Ont.

The primary analytical methods applied include:

• A2B-30 gold fire assay;
• 1A3-30 gold fire assay (overlimit method);
• Silver, lead and zinc analyzed separately using 8-AR ICP.

Canadian Gold Resources utilizes the accredited external laboratory ActLabs to manage its core analysis. ActLabs is certified by the Standards Council of Canada (SCC) and conforms with:

• ASB-RG Mineral Analysis Laboratory for the Accreditation of Mineral Analysis Testing Laboratories;
• CAN-P-4E ISO/IEC 17025: General Requirements for the Competence of Testing and Calibration Laboratories.

The company maintains a quality assurance and quality control (QA/QC) program that includes the systematic insertion of certified reference materials (standards) and analytical blanks into the sample stream at regular intervals to monitor laboratory performance and analytical accuracy.

About the Lac Arsenault project

The Lac Arsenault property, located in Quebec's Gaspe region, lies along the Grand Pabos fault within the Gaspe-Newfoundland tectonic belt. This structure is interpreted to share geological characteristics with prolific gold-bearing systems such as the Cadillac-Larder Lake fault zone in Abitibi and the Cape Ray-Valentine Lake shear zone in Newfoundland. The property hosts several high-grade, epithermal-style vein systems, including the Baker, Mersereau and Dunning veins, with historical exploration outlining significant gold-silver-base metal mineralization that provides a strong platform for the company's current work. Covering more than 3,600 hectares, Lac Arsenault is strategically located near tidewater at New Richmond, Que., offering excellent road, power and rail infrastructure within one of Canada's most established mining jurisdictions.

Historical resource estimate disclosure (National Instrument 43-101)

• Stevenson, L. (1975): 40,000 tonnes grading 15.43 grams per tonne Au and 197 g/t Ag (Esso Minerals Canada);
• Cote, R. (1996): 199,580 tonnes grading 9.59 g/t Au (approximately 61,536 contained oz Au).

These historical estimates predate National Instrument 43-101, and were based on sampling, trenching and drilling using manual polygonal methods. A qualified person has not completed sufficient work to classify the estimates as current mineral resources or reserves. The company is not treating them as current and further verification is required.

These historical estimates predate the adoption of current Canadian Institute of Mining definition standards (2014) and therefore cannot be directly compared to modern resource categories (that is, inferred, indicated or measured). The terminology and estimation methodologies used at the time are not compliant with current CIM categories, and no classification equivalence is implied.

The company considers these historical estimates to be relevant, as they demonstrate the presence of significant gold and silver mineralization at shallow depths within the Baker and Mersereau vein systems, which remain priority targets for verification and expansion. However, their reliability is uncertain because the underlying data, methods and QA/QC procedures are not adequately documented to current standards. The company is not treating the estimate as current.

To the company's knowledge, there are no more recent mineral resource estimates available for the Lac Arsenault property that would supersede these historical figures.

To bring these into compliance, Canadian Gold plans to:

• Conduct systematic drilling to confirm grades and geometry;
• Complete verification sampling and density determinations;
• Build a validated geological model with modern QA/QC protocols;
• Commission an independent NI 43-101-compliant resource estimate.

Qualified person statement:

The scientific and technical information in this news release has been reviewed and approved by Mark Smethurst, PGeo, director of Canadian Gold and a qualified person under NI 43-101.

About Canadian Gold Resources Ltd.

Canadian Gold Resources is a junior exploration company advancing three high-grade gold properties totalling approximately 16,000 hectares in Quebec's Gaspe Peninsula. The company's strategy is to unlock the potential of historically explored assets through modern exploration and development, supported by a management team with a proven record in discovery and project advancement.

We seek Safe Harbor.