NEWS RELEASES

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.