Mr. Ron Goguen reports

CANADIAN GOLD RESOURCES SECURES PERMITS FOR EXPLORATION BULK SAMPLE AT LAC ARSENAULT

Canadian Gold Resources Ltd. has received all required permits from the government of Quebec to proceed with a bulk sampling program with plans to test between 5,000 and 10,000 tonnes of mineralized materials at its 100-per-cent-owned Lac Arsenault gold project, located in the Gaspe region of eastern Quebec. The bulk sample is intended for exploration purposes only and is not considered a production decision.

As a condition of the permit, the company is required to drill three shallow water monitoring wells in the vicinity of the proposed sampling area to identify potential groundwater presence. If water tables are encountered, baseline water quality testing will be conducted both before and after the program. Canadian Gold fully supports this requirement as part of its commitment to responsible exploration and environmental stewardship.

Next steps

With permits secured, Canadian Gold will begin preparations for mobilizing personnel and equipment to site. In the coming weeks, the company will finalize agreements with drilling, excavation and haulage contractors, complete the required water wells, and install temporary infrastructure to support safe operations near the Baker and Mersereau veins. Once site preparation is complete, material sampling is anticipated to commence and continue for approximately three weeks. The sampled material will be transported to a third party facility for off-site processing and analysis. Updates will be provided as results become available, including recoveries and implications for future exploration planning.

Management commentary

Ron Goguen, president and chief executive officer of Canadian Gold, commented: "Receiving this permit is a major milestone in the advancement of our Lac Arsenault project. This program is designed to evaluate the technical and geological characteristics of the near-surface mineralization. Historical work conducted by Imperial and Esso Minerals in the 1970s reported a historical estimate of approximately 40,000 tonnes grading 15.43 g/t gold and 197 g/t silver (L. Stevenson, 1975, geological report on the Lac Arsenault property, Esso Minerals Canada). A subsequent 1996 report revised the estimate to 199,580 tonnes grading 9.59 g/t gold, or approximately 61,536 contained ounces (R. Cote, 1996, Lac Arsenault project resource evaluation, unpublished internal report). While these historical estimates do not comply with current CIM standards, they indicate strong historical interest in this high-grade system. Additional core drilling, systematic surface sampling and database verification will be required to validate the data and assess whether a current resource can be defined."

Clarification on economic potential

While Canadian Gold is encouraged by the opportunity to generate technical and metallurgical data from the bulk sample, no economic analysis has been completed, and there are no mineral reserves at Lac Arsenault. Any references to possible revenue from sample processing are entirely speculative and do not demonstrate economic viability. There is no production decision, and no feasibility study has been conducted. Should positive results occur, proceeds may be allocated toward working capital, additional exploration or future shareholder returns, but no production decision or dividend policy has been made at this time. There is no assurance that results will support future exploration or development decisions.

Historical resource estimate disclosure (National Instrument 43-101, 2.4)

The company refers to the following historical estimates:

• L. Stevenson (1975) -- geological report on the Lac Arsenault property, Esso Minerals Canada: 40,000 tonnes of 15.43 grams per tonne gold and 197 g/t silver;
• R. Cote (1996) -- Lac Arsenault project resource evaluation, unpublished internal report: 199,580 tonnes of 9.59 g/t Au (approximately 61,536 contained ounces Au).

These historical estimates were based on underground sampling and trenching using manual polygonal methods. The estimates are relevant as they reflect historical interpretations, but they predate NI 43-101 and do not comply with current Canadian Institute of Mining, Metallurgy, and Petroleum definition standards. A qualified person has not completed sufficient work to classify the estimates as current mineral resources or mineral reserves. The company is not treating the estimates as current, and further verification is required.

To bring these historical estimates into compliance with current CIM standards, the company anticipates conducting:

• Systematic diamond drilling to confirm historical grade and geometry of the mineralized zones;
• Verification sampling of archived and in situ material, if available;
• Construction of a validated digital geological model based on modern logging and quality assurance/quality control procedures;
• Density determinations and geostatistical analysis in accordance with current best practices;
• Independent resource estimation by a qualified person using current CIM categories and estimation methods.

The company believes the planned exploration bulk sample will provide critical geological, grade continuity and metallurgical information to support this process.

About the Lac Arsenault project

The Lac Arsenault project is located in Quebec's Gaspe region and hosts multiple high-grade epithermal-style vein systems, including the Baker, Mersereau and Dunning veins. The project lies along the Grand Pabos fault, a regional structure within the Gaspe-Newfoundland tectonic belt that shares characteristics with other productive gold systems, such as the Cadillac-Larder Lake Fault zone (Abitibi) and the Cape Ray-Valentine Lake shear zone (Newfoundland), which are known to host multimillion-ounce deposits.

The purpose of the permitted bulk sample is to evaluate grade continuity, test metallurgical recoveries, and gather data to inform future exploration and development decisions. The company cautions that this bulk sampling initiative is not based on a feasibility study of mineral reserves demonstrating economic or technical viability. As such, the technical and economic outcomes are uncertain, and there is a higher risk of failure. The bulk sample program is exploratory in nature.

About Canadian Gold Resources Ltd.

Canadian Gold is a Canadian junior exploration company advancing a portfolio of precious metal projects in Quebec. The company's flagship asset is the Lac Arsenault project, where a fully permitted bulk sampling program of up to 10,000 tonnes is ready to get under way. Canadian Gold also holds interests in other highly prospective properties in the Gaspe peninsula and remains committed to discovery-driven growth.

Qualified person statement

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

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