Mr. Michael Swistun reports

CANADIAN GOLD CORP. PROVIDES AN UPDATE ON THE FOREST FIRE SITUATION NEAR THE TARTAN MINE

Canadian Gold Corp. has temporarily suspended drilling operations at its Tartan mine property near Flin Flon, Man., due to a forest fire in the nearby vicinity.

"We have withdrawn our staff and continue to monitor our facilities remotely in accordance with local directives. Our team is in constant communication with local and provincial authorities to co-ordinate all efforts during this difficult time. All personnel are safe, and the Tartan facilities are secure. While all activities at the site are currently suspended, we remain hopeful that the nearby forest fire activity will not have any material impact on our phase 4 drilling program.

"All the firefighters, EMS [emergency medical services] workers, RCMP and the great people of Flin Flon remain in our thoughts during this difficult time," stated Michael Swistun, CFA, president and chief executive officer of Canadian Gold.

Canadian Gold will update the market in the event of any material change arising in relation to the forest fire situation.

About Canadian Gold Corp.

Canadian Gold is a Canadian-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 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 gold) and an inferred estimate of 37,000 ounces gold (240,000 tonnes at 4.89 grams per tonne gold). The company also holds a 100-per-cent interest in greenfield 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 Inc. holds a 5.7-per-cent interest in Canadian Gold, and Robert McEwen, the founder and former chief executive officer of Goldcorp and the chairman and CEO of McEwen Mining, holds a 32.9-per-cent interest in Canadian Gold.

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