File: '\\swfile\EmailIn\20261027 173441 Attachment NR Slusarchuk CGM Acquisition.v3.docx'

NEWS RELEASE

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

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, October 27, 2026 - Bryan Slusarchuk ("Slusarchuk") has acquired over 10% of the issued and outstanding common shares ("Shares") of Canadian Goldfields Discovery Corp. (the "Company"). The Shares trade on the TSX Venture Exchange (the "TSXV") under the symbol "CGM".

On October 27, 2026, Mr. Slusarchuk acquired, through Sluzcap Enterprises Inc., a company controlled by him, 1,005,000 Shares through the facilities of the TSXV at an average price of $0.1603 per Share for a total purchase price of $161,101.50 (the "Acquisition"), excluding commissions and other transaction costs. As a result of the Acquisition, Mr. Slusarchuk now holds over 10% 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 ("Options") of the Company and 1,000,000 restricted share units ("RSUs") of the Company. His holdings represented approximately 9.37% of the issued and outstanding Shares on a non-diluted basis and approximately 9.99% 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% 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 1,000,000 RSUs, representing approximately 10.30% of the issued and outstanding Shares on a non-diluted basis and approximately 10.30% 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+ at www.sedarplus.ca. A copy may also be requested by mail at c/o Canadian Goldfields Discovery Corp., 488 - 1090 West Georgia Street, Vancouver, British Columbia V6E 3V7, Attention: Jonathan Richards, CFO, or by telephone at (604) 802-4447.

The Company's head office is at 488 - 1090 West Georgia Street, Vancouver, British Columbia V6E 3V7.