Mr. Ronald Goguen reports

CANADIAN GOLD RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Canadian Gold Resources Ltd. will conduct a non-brokered private placement of up to 20 million units at a price of five cents per unit for aggregate gross proceeds of up to $1-million.

Each unit shall be composed of one common share and one common share purchase warrant. Each warrant shall entitle the holder to acquire one additional share at a price of 10 cents per share for a period of 36 months from the date of issuance.

Proceeds from this offering will be used by the company primarily for bulk sampling and exploration at the company's Lac Arsenault property and other high-grade gold projects in the Gaspe gold belt of Quebec and for general working capital.

In connection with the offering, the company may pay cash finders' fees and issue non-transferable finders' options to eligible arm's-length parties.

Certain insiders of the company may acquire units in the offering. Any participation by insiders in the private placement will constitute a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the units subscribed for by the insiders, nor the consideration for the units paid by such insiders, is expected to exceed 25 per cent of the company's market capitalization.

All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance. Closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Closing may occur in one or more tranches.

About Canadian Gold Resource Ltd.

Canadian Gold Resources is a Canadian exploration company focused on developing high-grade gold projects in the Gaspe gold belt of Quebec. The company targets underexplored, past-producing properties with significant growth potential, leveraging modern exploration techniques to unlock value. With a team of experienced professionals and a commitment to sustainability and community engagement, Canadian Gold is well positioned to capitalize on opportunities within this historic and promising gold region.

We seek Safe Harbor.