Mr. Ken Chernin reports

CANADIAN GOLD RESOURCES ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Canadian Gold Resources Ltd. has closed its previously announced non-brokered private placement (see news releases dated Sept. 1, 2026, and Sept. 29, 2026) through the issuance of 1,481,482 common shares, at 6.75 cents per share, for gross proceeds of $100,000.04, to two directors of the company.

The company intends to use the proceeds for general working capital purposes.

The subscriptions by the directors constitute a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the securities subscribed for, nor the consideration paid, exceeds 25 per cent of the company's market capitalization. All securities issued pursuant to this placement are subject to a statutory hold period of four months and one day from the date of issuance. The placement is subject to final acceptance of the TSX Venture Exchange.

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.