Mr. Michael Swistun reports

CANADIAN GOLD CORP. CLOSES FIRST TRANCHE OF FINANCING

Canadian Gold Corp. has closed the first tranche of its private placement offering, by the issuance of 2,631,579 flow-through shares at a price of 19 cents per share, for gross proceeds totalling $500,000.

In connection with this first tranche closing, the company paid $12,000 in finders' fees to eligible finders and all securities issued are subject to a hold period of four months.

The proceeds from the issuance of flow-through shares shall be incurred on the company's Canadian exploration projects, qualifying as Canadian exploration expenditures (CEE).

About Canadian Gold Corp.

Canadian Gold is a Toronto-based mineral exploration and development company, the objective of which is to expand the high-grade gold resource at the past-producing Tartan mine, located in Flin Flon, Man. The historic Tartan mine currently has a 2017 indicated mineral resource estimate of 240,000 ounces gold (1.18 million tonnes at 6.32 grams per tonne (g/t) gold) and an inferred estimate of 37,000 ounces gold (240,000 tonnes at 4.89 g/t gold). The company also 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 35 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.