Mr. George Yordanov reports

MERCATOR GOLD EXPLORATION PRIORITIES & STRATEGY

Canadian Goldcamps Corp. has provided an update on its 2026 exploration strategy for the Mercator and Courcy gold projects located in the Caniapiscau district of northeastern Quebec.

Following a review of historical exploration data, geophysics, drilling and regional geological interpretation, the company has identified the Mercator project as its primary exploration focus for 2026 while continuing to retain exposure to the broader exploration potential of the Courcy project.

Strategic focus: Mercator BIF gold system

The Mercator project covers approximately 561 square kilometres within the extension of the Opinaca sedimentary basin in northeastern Quebec, a regional geological setting associated with several significant gold systems, including the nearby Eleonore mine.

Historical work completed on the property identified a broad gold-bearing iron formation system at the Meridian zone, including drill intercepts reported by Stelmine in 2022 such as 17.8 metres grading 2.62 grams per tonne gold, including 5.6 metres grading 4.87 g/t gold in hole MCT22-08.

Exploration completed to date indicates that the mineralized system extends over a large structural corridor that remains open along strike and at depth. Previous geophysical surveys also identified multiple conductive and chargeable targets interpreted to be associated with sulphide-bearing iron formations and structural deformation zones.

Management believes the combination of favourable regional geology, large-scale structural features, historical gold intercepts and multiple untested geophysical anomalies supports the advancement of Mercator as the company's flagship exploration asset for the upcoming field season.

The company believes Mercator remains significantly underexplored relative to the scale of the identified geological system.

George Yordanov, PGeo, president and chief executive officer of Canadian Goldcamps, commented: "Mercator stands out as a large and underexplored gold system with characteristics comparable to other major sediment-hosted gold environments in Quebec. Our objective for 2026 is to refine priority targets, validate historical data sets and position the project for a systematic follow-up drilling campaign. We believe the scale of the structural corridor and the presence of multiple untested anomalies provide meaningful discovery potential."

National Instrument 43-101 technical report

The company is currently finalizing an independent NI 43-101 technical report covering the Mercator and Courcy projects. The report incorporates historical exploration results, geological interpretation, geophysical data sets and review by independent qualified persons.

A follow-up site visit is expected to be completed during the upcoming field season in accordance with applicable regulatory requirements. Filing of the technical report on SEDAR+ is anticipated in the near-term following completion of final technical and independent review processes.

2026 exploration program

Subject to completion of the technical report, Canadian Goldcamps intends to advance a phased exploration program at Mercator focused on:

• Validation and reinterpretation of historical geological and geophysical data sets;
• Selective reanalysis of historical samples using modern multielement analytical methods;
• Field mapping, prospecting and structural interpretation across the Meridian zone and surrounding targets;
• Prioritization of high-conviction drill targets for a future diamond drilling campaign.

The company expects to provide additional details regarding program scope, scheduling and budgeting following completion of ongoing technical review work.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by George Yordanov, PGeo, president and chief executive officer of the company.

About Canadian Goldcamps Corp.

Canadian Goldcamps is a Canadian exploration company focused on the acquisition and advancement of gold projects with district-scale potential. The company currently holds an option to acquire up to an 80-per-cent interest in the Mercator and Courcy gold projects located in the Caniapiscau district of Quebec.

We seek Safe Harbor.