Mr. Catalin Kilofliski reports

CANAGOLD'S NEW POLARIS GOLD-ANTIMONY PROJECT ADDED TO CANADA'S CRITICAL METALS ADVANCED PROJECTS MAP

Canagold Resources Ltd.'s 100-per-cent-owned New Polaris project has been added to the Canadian government advanced gold-antimony projects map.

As previously announced in the company's Feb. 25, 2026, news release, Canagold plans to undertake a fully financed 7,000-metre diamond drilling program beginning in June, 2026. The program will focus on expanding high-grade gold-antimony mineralization within and adjacent to the current mine plan outlined in the feasibility study completed in July, 2025.

The drilling is designed to further define and potentially expand the gold-antimony resource base in areas that could have a direct and positive impact on early mine production and overall project economics.

The company believes that the potential integration of antimony production would enhance the strategic value of the New Polaris project, particularly in the context of increasing global demand for secure and diversified supplies of critical minerals.

The company will provide further updates as the 2026 exploration and development program progresses.

Qualified person

In accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects), Garry Biles, PEng, president and chief operating officer, is the qualified person for the company, and has prepared, validated and approved the technical and scientific content of this news release. The company strictly adheres to Canadian Institute of Mining, Metallurgy and Petroleum Best Practices Guidelines in conducting, documenting and reporting activities on its projects.

About Canagold Resources Ltd.

Canagold is an advanced development company dedicated to advancing the New Polaris project through feasibility, permitting and production stages. Additionally, Canagold aims to expand its asset base by acquiring advanced projects, positioning itself as a leading project developer. With a team of technical experts, the company is poised to unlock substantial value for its shareholders.

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