Mr. Ronald Goguen reports

CANADIAN GOLD RESOURCES (CAN) ANNOUNCES LIFE SALE OF 7,000,000 NON-FLOW THROUGH UNITS FOR GROSS PROCEEDS OF $1,050,000

On Jan. 29, 2026, Canadian Gold Resources Ltd. completed the sale of seven million non-flow-through units at a price of 15 cents per NFT unit under its previously announced listed issuer financing exemption offering (see the company's news release dated Dec. 29, 2025) for gross proceeds of $1.05-million.

Each NFT unit is composed of one common share and one share purchase warrant, each warrant entitling the holder to acquire one additional common share of the company at a price of 22 cents per share 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 warrant term such that the 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.

In connection with the sale of the NFT units, the company paid $79,640 cash finders' fees and issued 530,933 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 15 cents for a period of 36 months from the date of issuance. The finders' warrants are subject to the same acceleration provisions as the warrants.

The net proceeds from the sale of the NFT units will be used for the purchase of assets for use on the company's Lac Arsenault project, the Robidoux project and VG Boulder project, as well as corporate overhead expenditures which do not qualify as flow-through expenses for funds raised through the sale of flow-through units.

Combined with $2,016,297.90 raised on Dec. 31, 2025, through the sale of flow-through units under the LIFE offering and a concurrent non-brokered private placement (see the company's news release dated Jan. 2, 2026), the company has raised gross proceeds of $3,066,297.90 in the past 30 days.

Closing of the LIFE 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 of discovery and project advancement.

We seek Safe Harbor.