Mr. Catalin Kilofliski reports

CANAGOLD ANNOUNCES RESULTS OF ANNUAL SHAREHOLDER MEETING

At Canagold Resources Ltd.'s annual general meeting of shareholders held on June 12, 2025, all directors listed in the information circular dated May 9, 2025, were elected. The detailed results are as follows.

At the meeting, the shareholders of the company also approved:

• The appointment of Davidson & Company LLP, chartered professional accountants, as the auditor of the company for the ensuing year;
• The ordinary resolution to approve the amendments to the company's omnibus incentive plan and renewal for a three-year period, as described in the company's information circular dated May 9, 2025;
• A non-binding advisory ordinary resolution on the company's approach to executive compensation, as described in the company's information circular dated May 9, 2025.

A detailed report on the voting results is filed on the company's SEDAR+ profile.

About Canagold Resources Ltd.

Canagold is a growth-oriented gold exploration company focused on advancing the new Polaris project through feasibility and permitting. Canagold is also seeking to expand its asset base through future acquisitions of additional advanced projects. Canagold has access to a team of technical experts who can help unlock significant value for all Canagold shareholders.