Mr. Michael Swistun reports

CANADIAN GOLD CORP ANNOUNCES STRATEGIC INVESTOR ROBERT MCEWEN EXERCISES 3,571,450 WARRANTS INCREASING OWNERSHIP TO 32.9 per cent

Robert McEwen, Canadian Gold Corp.'s largest shareholder, has exercised 3,571,450 share purchase warrants at 21.5 cents per share for proceeds totalling $767,861.75. Mr. McEwen now owns 32.9 per cent of the company's outstanding shares, in addition to McEwen Mining Inc., where Mr. McEwen is chairman and chief executive officer, owning 5.7 per cent of the outstanding shares. In total, 4,608,884 share purchase warrants expiring in May, 2025, have been exercised to date, for proceeds totalling $990,910.06. The company now has 205,797,884 shares outstanding, and its treasury totals approximately $3.9-million, which includes the recent grant from the Manitoba Mineral Development Fund.

About Canadian Gold Corp.

Canadian Gold is a 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 historical Tartan mine currently has a 2017 indicated mineral resource estimate of 240,000 ounces of gold (1.18 million tonnes at 6.32 grams per tonne gold) and an inferred estimate of 37,000 oz 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). McEwen Mining holds a 5.7-per-cent interest in Canadian Gold, and Mr. McEwen, the founder and former chief executive officer of Goldcorp, and chairman and CEO of McEwen Mining, holds a 32.9-per-cent interest in Canadian Gold.

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