Mr. John Booth reports

CANADIAN GOLDFIELDS INCREASES PRIVATE PLACEMENT FINANCING

Canadian Goldfields Discovery Corp. has increased its previously announced non-brokered private placement financing (see news release dated Dec. 1, 2025) from $7-million to $7,575,000. The offering will consist of 29,375,000 common shares at a price of 20 cents per share for gross proceeds of $5,875,000 and 7,727,273 flow-through (FT) common shares at a price of 22 cents per FT share for gross proceeds of $1.7-million.

The securities issued under the HD (hard-dollar) offering and the FT offering will be subject to restrictions on resale for a period of four months from the date of issue. The company may pay finders' fees in accordance with the policies of the TSX Venture Exchange.

The proceeds of the offering will be used to satisfy the closing payment for the acquisition of the Miminiska gold property (see news release dated Dec. 1, 2025), exploration and drill programs on the Miminiska gold property, and general working capital purposes.

Closing of the offering remains subject to final acceptance of the TSX Venture Exchange.

We seek Safe Harbor.