Mr. Ken Chernin reports

CANADIAN GOLD RESOURCES INTENDS TO COMPLETE A NON-BROKERED PRIVATE PLACEMENT OF FLOW THROUGH SHARES

Canadian Gold Resources Ltd. intends to complete a non-brokered private placement of 3.2 million flow-through common shares at a price of eight cents per FT share to a single arm's-length accredited investor for gross proceeds of $256,000.

The FT shares will be issued as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The proceeds from the issuance of the FT shares will be used to incur eligible resource exploration expenses which will qualify as Canadian exploration expenses (as defined in the Income Tax Act (Canada)).

In connection with this placement, the company intends to pay an eligible arm's-length party a cash fee in the amount of $17,920 and issue 224,000 non-transferable finder warrants. Each finder warrant entitles the holder to acquire one non-flow-through common share of the company at an exercise price of eight cents per finder warrant for a period of 24 months from the date of the issuance.

The gross proceeds from the flow-through financing are intended to be used to advance exploration activities at the company's Robidoux property in Quebec. Continuing work includes geological mapping, prospecting and surface sampling while the company is also preparing permit applications for its inaugural drill program at the property. Management believes Robidoux hosts significant exploration potential and looks forward to systematically advancing the project alongside its flagship Lac Arsenault property as part of the company's broader exploration strategy in the Gaspe region.

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.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Martin Aucoin, PGeo, a qualified person under National Instrument 43-101. Mr. Aucoin is a geological consultant to the company and is a non-independent qualified person.

About Canadian Gold Resources Ltd.

The company is a junior exploration issuer advancing three high-grade gold properties totalling approximately 18,000 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.