Mr. Ed Huebert reports

CANADIAN GOLD CORP. ENGAGES VELOCITY TRADE AS MARKET MAKER

Canadian Gold Corp. has engaged Velocity Trade Capital Ltd. to provide market-making services to the company in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Velocity Trade will manage trading of the company's shares from time to time for the purposes of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the company's shares. The financing and securities required for these services undertaken will be provided by Velocity Trade.

In consideration for the market liquidity services, Canadian Gold has agreed to pay Velocity Trade a monthly fee equal to $5,000 per month, and after a period of 60 days, either party may terminate the contract by providing the other with 30 days prior written notice of termination.

Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ont., and registered for trading in the provinces of Ontario, British Columbia, Alberta and Manitoba. Velocity Trade is a member of the TMX, and of the Canadian Investment Regulatory Organization (CIRO). Additionally, the firm, through its affiliate companies, is also regulated internationally by the United Kingdom's Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments Commission (ASIC), South Africa's Financial Sector Conduct Authority (FSCA), and the Monetary Authority of Singapore (MAS).

Velocity Trade and Canadian Gold are not related parties and have no other agreements other than the market liquidity agreement which is the subject of this news release.

The engagement of Velocity Trade to provide market liquidity services to Canadian Gold is subject to acceptance of the TSX Venture Exchange.

About Canadian Gold Corp.

Canadian Gold is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past-producing Tartan mine, located in Flin Flon, Man. The company holds a 100-per-cent interest in greenfields exploration properties in Ontario and Quebec adjacent to some of Canada's largest gold mines and development projects, specifically, the Canadian Malartic mine (Quebec), the Hemlo mine (Ontario) and the Hammond Reef project (Ontario). The company is 36 per cent owned by Robert McEwen, who was the founder and chief executive officer of Goldcorp and is chairman and CEO of McEwen Mining.

We seek Safe Harbor.