Mr. Ken Chernin reports

CANADIAN GOLD RESOURCES ANNOUNCES MANAGEMENT CHANGE

Ken Chernin has resigned from his position as interim president and chief executive officer of Canadian Gold Resources Ltd. to pursue another professional opportunity.

Mr. Chernin has served as interim president and CEO since May, 2026, and will assist the company with an orderly transition of his responsibilities.

Ron Goguen Sr., chairman of the board, will assume the role of acting president and chief executive officer while the board of directors continues its search for a permanent president and chief executive officer.

"The board would like to thank Ken for his leadership and contributions to Canadian Gold during his tenure as interim president and CEO," said Mr. Goguen. "Ken joined the company during an important period of exploration and corporate activity, and we wish him every success in his new opportunity."

Mr. Chernin commented: "It has been a pleasure working with the Canadian Gold team and helping advance the company during an exciting period of growth. I am grateful to Ron, the board and the entire team for the opportunity and look forward to following the company's continued progress."

The board's search for a permanent president and chief executive officer is continuing, and the company will provide further updates as appropriate.

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.

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