Mr. Clive Brookes reports

GOLDCANA ANNOUNCES RELATED PARTY SHARES FOR SERVICES TRANSACTION

Goldcana Resources Inc. has entered into an addendum dated Oct. 7, 2026, to its general service agreement dated Sept. 1, 2026, with Aro Consulting Inc., a company controlled by Sheri Rempel, chief financial officer and a director of the company.

Pursuant to the addendum, the company has agreed to issue 150,000 common shares of the company to Aro at a deemed price of 44 cents per share for a deemed consideration of $66,000, as additional compensation pursuant to the service agreement.

Aro provides accounting, financial reporting, corporate secretarial and other services to the company pursuant to the service agreement.

As Aro is controlled by Ms. Rempel, chief financial officer and a director of the company, the issuance of the shares constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying on the exemptions from the formal valuation and minority shareholder approval requirements set out in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the shares to be issued to Aro, nor the fair market value of the consideration for the transaction exceeds 25 per cent of the company's market capitalization.

The issuance of the shares is subject to the approval of the Canadian Securities Exchange and compliance with applicable securities laws and CSE policies.

The company also announces that, effective Oct. 7, 2026, it cancelled 300,000 stock options previously granted to Ms. Rempel. The cancelled options were exercisable at 30.5 cents per common share and had an expiry date of Sept. 2, 2031.

The shares will be subject to a hold period of four months and one day from the date of issuance in accordance with the applicable securities laws and the policies of the CSE.

About Goldcana Resources Inc.

Goldcana is a Canadian mineral exploration company engaged in the identification, acquisition, exploration and advancement of mineral resource properties. The company holds options to acquire a 100-per-cent interest in the Triple F gold property in British Columbia and an up-to-100-per-cent interest in La Sarre gold project in Quebec.

We seek Safe Harbor.