Mr. Bryan Slusarchuk, an investor, reports

OVER 10% OF CANADIAN GOLDFIELDS DISCOVERY CORP. ACQUIRED BY BRYAN SLUSARCHUK

Bryan Slusarchuk has acquired over 10 per cent of the issued and outstanding common shares of Canadian Goldfields Discovery Corp. The shares trade on the TSX Venture Exchange under the symbol CGM.

On Oct. 27, 2026, Mr. Slusarchuk acquired, through Sluzcap Enterprises Inc., a company controlled by him, 1,005,000 shares through the facilities of the TSX-V at an average price of 16.03 cents per share for a total purchase price of $161,101.50, excluding commissions and other transaction costs. As a result of the acquisition, Mr. Slusarchuk now holds over 10 per cent of the issued and outstanding shares of the company.

Immediately prior to the acquisition, Mr. Slusarchuk beneficially owned, directly or indirectly, 10,071,318 shares, 850,000 stock options of the company and one million restricted share units (RSUs) of the company. His holdings represented approximately 9.37 per cent of the issued and outstanding shares on a non-diluted basis, and approximately 9.99 per cent on a partially diluted basis, assuming partial exercise of the options. Under the terms of the options and RSUs, Mr. Slusarchuk is prohibited from exercising such number of options and RSUs that would result in him holding more than 9.99 per cent of the issued and outstanding shares of the company (the blocker). In addition, the RSUs do not vest until March 13, 2027.

Immediately following the acquisition, Mr. Slusarchuk beneficially owned, directly or indirectly, 11,076,318 shares, 850,000 options and one million RSUs, representing approximately 10.30 per cent of the issued and outstanding shares on a non-diluted basis, and approximately 10.30 per cent on a partially diluted basis, which is the same as the undiluted percentage due to the blocker.

Mr. Slusarchuk holds the securities of the company for investment purposes and takes a long-term view of his investment. In the future, he may acquire additional securities of the company on the open market, through private acquisitions or as compensation, or he may sell securities on the open market or through private dispositions. Any such acquisitions or dispositions will depend on market conditions, general economic and industry conditions, the company's business and financial condition, changes to his plans, and/or other relevant factors.

A copy of Mr. Slusarchuk's early warning report will be available under the company's profile on SEDAR+. A copy may also be requested by mail at care of Canadian Goldfields Discovery, Suite 488, 1090 West Georgia St., Vancouver, B.C., V6E 3V7, attention: Jonathan Richards, chief financial officer, or by telephone at 604-802-4447.

The company's head office is at Suite 488, 1090 West Georgia St., Vancouver, B.C., V6E 3V7.