Mr. Ronald Goguen reports

CANADIAN GOLD RESOURCES UNCOVERS HIGH-GRADE GOLD-SILVER MINERALIZATION IN SURFACE SAMPLING AT LAC ARSENAULT FOUR BEST SAMPLES RETURN GRADES UP TO 28.9 G/T GOLD AND 452 G/T SILVER

Canadian Gold Resources Ltd. has released exciting new surface sampling results from its 100-per-cent-owned Lac Arsenault property, located in Quebec's underexplored Gaspe peninsula. This latest fieldwork, conducted in early June, 2025, focused on exposing and sampling the Baker and Mersereau veins -- two primary structures central to the company's coming bulk sample program.

High-grade assay results continue to validate Lac Arsenault's strong potential to host a precious metals system while also identifying new zones of mineralization in previously overlooked areas.

Sampling highlights:

• Sample BVA2025-004: 28.9 grams per tonne gold and 306 grams per tonne silver;
• Sample BVA2025-006: 22.9 grams per tonne gold, 399 grams per tonne silver and 17.8 per cent lead;
• Sample Mersereau (unnumbered): 25.5 grams per tonne gold, 447 grams per tonne silver and 18.4 per cent lead;
• Sample BVA2025-008: 5.32 grams per tonne gold, 452 grams per tonne silver and 25.7 grams per tonne lead.

These grades are significant for surface sampling and support the near-surface potential for bulk-tonnage extraction.

Exploration program summary

The June, 2025, program included mechanical trenching and sampling along the Baker and Mersereau veins. In addition to confirming historical data, new assays revealed broader zones of high-grade gold, silver and lead mineralization than previously recognized.

Importantly, three samples from Type 4 veins -- historically considered poor in metals -- returned mineralization of economic interest. For example, sample BV2025-002 returned:

• 1.29 grams per tonne gold;
• 39.0 grams per tonne silver;
• 1.04 per cent zinc.

"We consider these sample results to be significant," said Mark Smethurst, PGeo, vice-president, exploration, for Canadian Gold Resources. "Not only have we confirmed high-grade gold and silver in our primary structures, but we're now seeing mineralization in areas that had be previously written off by prior operators. This discovery opens new potential across the property and puts us in a strong position as we advance toward bulk sampling."

Next steps

Permitting for the bulk sample program is under way. Additional surface work and modelling will continue in parallel to expand the understanding of mineralization throughout the vein system.

Quality assurance/quality control

All technical information in this release has been reviewed and approved by Mark Smethurst, PGeo, a director of Canadian Gold Resources, who is a qualified person as defined under National Instrument 43-101.

The above-mentioned surface grab samples were collected from mineralized quartz veins exposed on surface. Investors are cautioned that grab samples are inherently selective and serve to prove the presence of mineralization only. Grab sample were put into sample bags, marked and sealed on site at the sample location. The samples were then transported in secured bags directly from the sample location sites to Actlabs in Hamilton. All are ISO/IEC 17025-accredited labs. Analysis for precious metals were completed by fire assay. Certified standards and blanks are inserted at a rate of two standards and a blank per 10 samples, and duplicates are also completed.

About Canadian Gold Resources Inc.

Canadian Gold Resources is a Canadian-based junior exploration company focused on advancing high-grade gold and silver assets in mining-friendly jurisdictions. The company's flagship Lac Arsenault project in Quebec hosts multiple gold-bearing epithermal vein systems and offers significant expansion potential through near-surface exploration and development.