Mr. Ken Chernin reports

CANADIAN GOLD RESOURCES ANNOUNCES REPRICING OF PRIVATE PLACEMENT

Canadian Gold Resources Ltd. has repriced its previously announced non-brokered private placement (see news release dated Sept. 1, 2026). The private placement is being repriced to more accurately reflect the current market price of the company's common shares.

The non-brokered private placement will consist of 1,481,482 common shares at a new price of 6.75 cents per share for gross proceeds of up to $100,000. The common shares will be issued to two directors of the company, each of whom is an accredited investor.

The company intends to use the proceeds for general working capital purposes.

The subscriptions by the directors will constitute a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the securities subscribed for, nor the consideration paid will exceed 25 per cent of the company's market capitalization. All securities issued pursuant to this placement are subject to a statutory hold period of four months and a day from the date of issuance. The placement is also subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals, including the acceptance of the TSX Venture Exchange.

About Canadian Gold Resources Ltd.

The company is a junior exploration issuer advancing three high-grade gold properties totalling approximately 18,000 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.