Mr. Ronald Goguen reports

CANADIAN GOLD RESOURCES (CAN) ANNOUNCES SALE OF FLOW THROUGH UNITS UNDER LIFE OFFERING AND NON-BROKERED PRIVATE PLACEMENT

Further to the news release of Dec. 29, 2024, Canadian Gold Resources Ltd. has, effective Dec. 31, 2025: (a) sold 4,083,383 flow-through units at a price of 18 cents per unit under its recently announced listed issuer financing exemption offering for gross proceeds of $735,008.94; and (b) sold 7,118,272 flow-through units at a price of 18 cents per unit under a separate non-brokered private placement of flow-through units for gross proceeds of $1,281,288.96. The company has raised a total of $2,016,297.90 between the two offerings.

Terms and characteristics of the flow-through units issued under each offering are described in detail in the company's news release of Dec. 29, 2025.

In connection with the LIFE offering, the company has paid $58,800.72 in cash finders' fees and issued 326,671 finders' warrants to eligible arm's-length parties. In connection with the FT placement offering, the company has paid $102,503.11 in cash finders' fees and issued 569,461 finders' warrants to eligible arm's-length parties.

Each finder's warrant entitles the holder thereof to purchase one common share at a price of 18 cents for a period of 36 months from the date of issuance, provided, however, that, should the closing price at which the common shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the common shares may trade at the applicable time) exceed 45 cents for 10 consecutive trading days at any time following the date that is four months and one day after the date of issuance, the company may accelerate the finder's warrant term such that the finders' warrants shall expire on the date which is 30 business days following the date a press release is issued by the company announcing the reduced warrant term. The finders' warrants are subject to a hold period of four months and one day after the date of issuance.

Closing of the LIFE offering and the FT placement offering is subject to final acceptance by the TSX Venture Exchange.

About Canadian Gold Resource Ltd.

Canadian Gold Resources is a junior exploration company advancing three high-grade gold properties totalling approximately 16,000 hectares in Quebec's Gaspe Peninsula. The company's strategy is to unlock the potential of historically explored assets through modern exploration and development, supported by a management team with a proven record in discovery and project advancement.

We seek Safe Harbor.