NEWS RELEASES

Toronto, Ontario and Flin Flon, Manitoba – July 28, 2025 – McEwen Inc. (“McEwen”) (NYSE: MUX) (TSX:MUX) and Canadian Gold Corp. (“Canadian Gold”) (TSX-V:CGC) are pleased to announce that they have entered into a binding letter of intent (the “LOI”) on July 27, 2025 in respect of a proposed transaction (the “Proposed Transaction”), whereby McEwen would acquire all of the issued and outstanding securities of Canadian Gold by way of plan of arrangement. If the Proposed Transaction is completed, Canadian Gold would become a wholly-owned subsidiary of McEwen.

Flin Flon, Manitoba – July 17, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce the commencement of two independent field exploration programs, one at the Tartan West Property (recently optioned from Hudbay Minerals Inc.) located immediately adjacent to the west of the Tartan Mine Property in Flin Flon, MB, and the other at the Hammond Reef South Property located near Atikokan, Ontario, adjacent to Agnico Eagle’s fully permitted Hammond Reef Gold Deposit.

Flin Flon, Manitoba – June 30, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce that it has closed its non-brokered private placement (the “Offering”) previously announced on June 19, 2025. The Company issued a total of 1,203,125 flow-through common shares, at a price of $0.32 per share, for gross proceeds of $385,000.

Flin Flon, Manitoba – June 25, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to share that the evacuation order affecting the Town of Flin Flon has been lifted, and it is therefore expected that critical services and other businesses will resume activities.

Flin Flon, Manitoba – June 19, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce plans for a follow-up program on the discovery of the new high-grade zone (announced August 6, 2024), that returned 35.4 g/t and 7.1 g/t gold from surface samples at the Company’s 100%-held Hammond Reef South property, located near Atikokan, Ontario. The Company’s properties are adjacent to Agnico Eagle’s fully permitted Hammond Reef Project, which contains a mineral resource of more than 5 million ounces of gold and occurs in the same geological environment (Fig. 1).

Flin Flon, Manitoba – June 10, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce ongoing drill results from its Phase 4 drill program at the 100%-owned Tartan Mine, near Flin Flon, Manitoba. Results contained in this news release are from the South Zone, which is parallel to the Main Zone (Fig. 1, 2 & 3), and prior to the recent drilling, was planned as a supplemental source of potential ore for future production. However, our objective has been to expand the resource in this area to 1) increase the number of ounces per vertical metre, 2) allow for higher production in a potential mine restart, and 3) drive economies of scale in order to lower future production and development costs. Recent expansion results from the South Zone, which increased the vertical extent of the mineralization by 120%, included 9.4 gpt gold over 3.3 metres and 6.1 gpt gold over 6.0 metres.

Flin Flon, Manitoba – June 2, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce that it has entered into an assignment agreement dated May 28, 2025 (the “Assignment Agreement”), with Searchlight Resources Inc. (“Searchlight”), pursuant to which Searchlight has assigned to Canadian Gold its option pursuant to an underlying agreement to acquire 100% of the Flin Flon North property (the “Option”), that is immediately adjacent to the Company’s Tartan Mine and recently optioned Tartan West property (Fig. 1 & 2). This Option, if exercised, will continue to build on the Company’s regional presence along the Tartan Lake Shear Zone, which is the key structural host for gold mineralization at Tartan. As a result of the recently completed option agreement and the Assignment Agreement, the Company has now expanded its presence along the Tartan Lake Shear Zone from 8 to 29.5 kilometres in length, as it looks to add additional high-grade gold resources into its plans to restart the Tartan Mine.

Flin Flon, Manitoba – May 28, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) has temporarily suspended drilling operations at its Tartan Mine property near Flin Flon, Manitoba, due to a forest fire in the nearby vicinity.

Flin Flon, Manitoba – May 16, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce that it has entered into an option agreement dated May 15, 2025 (the “Option Agreement”) with Hudbay Minerals Inc. (“Hudbay”) pursuant to which Hudbay has granted Canadian Gold an option to acquire 100% of the Tartan West property (the “Option”) that is immediately adjacent to the Company’s Tartan Mine (Fig. 1 & 2), near Flin Flon, Manitoba. This Option, if exercised, significantly expands the outlook for the Company as it looks to add additional high-grade gold resources into the future plan to restart the Tartan Mine.

Flin Flon, Manitoba – May 12, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce ongoing drill results from its Phase 4 drill program at the 100%-owned Tartan Mine, near Flin Flon, Manitoba. Drilling has successfully expanded the South Zone by an additional 140 metres vertically in depth, for a total of 310 metres or 120% below the 2017 resource estimate since drilling began in March of this year (Fig. 1 & 2). The South Zone is a parallel complex of mineralization to the Main Zone that is believed to host the majority of the mine’s resources.

Flin Flon, Manitoba – May 6, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) announces that Robert McEwen, the Company’s largest shareholder, has exercised 3,571,450 share purchase warrants at $0.215 per share for proceeds totalling $767,861.75. Mr. McEwen now owns 32.9% of the Company’s outstanding shares, in addition to McEwen Mining Inc., where Mr. McEwen is Chairman and CEO, owning 5.7% of the outstanding shares. In total, 4,608,884 share purchase warrants expiring in May 2025 have been exercised to date, for proceeds totalling $990,910.06. The Company now has 205,797,884 shares outstanding, and its treasury totals approximately $3.9 million, which includes the recent grant from the Manitoba Mineral Development Fund.

Flin Flon, Manitoba – April 10, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce its plans to double the size of its Phase 4 drill program at the Tartan Mine, located near Flin Flon, Manitoba, following McEwen Mining’s recent 5.9% equity investment. The Phase 4 program will now total approximately 8,000 metres of diamond drilling in addition to the 23,683 metres completed since the last resource estimate in 2017. The expanded drill program is intended to significantly grow the resource base by targeting high-priority areas within the Main and South Zones.

Toronto, Ontario – April 9, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”)(TSX-V: CGC) is pleased to announce that it has been approved for an additional $300,000 grant from the Manitoba Mineral Development Fund (“MMDF”). The proceeds from the grant will be used to update the Tartan Mine’s NI 43-101 resource estimate, and to complete a Preliminary Economic Assessment (“PEA”) for the possible restart of the mine. Both are expected to commence at the conclusion of the current Phase 4 exploration program, which is estimated to be completed by early summer. This grant, when combined with the Company’s treasury and pending financing, will increase Canadian Gold’s total capital to approximately $3.5 million.

Toronto, Ontario – March 10, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce that it has entered into an agreement where it will issue 8,823,529 charity flow-through shares (the “Charity FT Shares”) at a price of $0.28 per Charity FT Share and 2,941,176 common share units (the “Share Units”) at a price of $0.17 per Share Unit for aggregate gross proceeds to the Company of approximately $3 million (the “Offering”). The Offering will be conducted on a non-brokered private placement basis. McEwen Mining Inc. (NYSE & TSX: MUX) has agreed to participate in the Offering as a strategic investor. Upon closing of the Offering, McEwen Mining will own 5.9% of Canadian Gold’s outstanding shares and 7.1% on a partially diluted basis. Post-financing, Rob McEwen, McEwen Mining’s Chairman and Chief Owner, will own 32% of Canadian Gold’s outstanding shares.

Toronto, Ontario – March 10, 2025 – Canadian Gold Corp. (“Canadian Gold” or the “Company”) (TSX-V: CGC) is pleased to announce that it has entered into an agreement where it will issue 8,823,529 charity flow-through shares (the “Charity FT Shares”) at a price of $0.28 per Charity FT Share and 2,941,176 common share units (the “Share Units”) at a price of $0.17 per Share Unit for aggregate gross proceeds to the Company of approximately $3 million (the “Offering”). The Offering will be conducted on a non-brokered private placement basis. McEwen Mining Inc. (NYSE & TSX: MUX) has agreed to participate in the Offering as a strategic investor. Upon closing of the Offering, McEwen Mining will own 5.9% of Canadian Gold’s outstanding shares and 7.1% on a partially diluted basis. Post-financing, Rob McEwen, McEwen Mining’s Chairman and Chief Owner, will own 32% of Canadian Gold’s outstanding shares.

Toronto, Ontario –March 3, 2025 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that the first hole designed to significantly expand the South Zone to the southeast by 170 metres vertically at the Tartan Mine near Flin Flon, Manitoba, was a success (Fig. 1 & 3). The hole intersected 6.1 gpt gold over 6.0 metres and discovered what the Company’s geological team believes could be a new Hanging Wall Zone, which returned 8.4 gpt gold over 2.0 metres, further to the south. The result from the Hanging Wall Zone aligns with a hole drilled in 2022, which returned 29.1 gpt gold over 5.85 metres, making this an exciting new discovery.

Toronto, Ontario –February 18, 2025 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce ongoing drill results from its Phase 4 drill program at the Tartan Mine, near Flin Flon, Manitoba. Two holes successfully expanded the high-grade mineralization along the western flank by approximately 60 metres west between 680 and 720 metres below surface (Fig. 1). Both holes contained visible gold and continue to validate impressive continuity of the Main Zone in both grade and thickness, an exceptional attribute that enhances the deposit’s viability in a future mining scenario. In addition to the potential for discovering additional ounces to the west, opportunity remains along the eastern flank, which has seen limited drilling at depth. Since beginning this multi-Phase drill program, a total of 26 of 29 holes (90%) have successfully intersected what the Company believes to be potentially economic mineralization within the Main Zone.

Toronto, Ontario –February 10, 2025 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that ongoing exploration of the Tartan Mine Gold Project, near Flin Flon, Manitoba, continues to yield positive results in resource expansion, definition, and deepening the geological team’s understanding of the project.