Recent Updates — CRCUF

Canagold Resources Ltd. announced assay results from four additional drill holes completed as part of a recently concluded 14-hole, 7,277-meter resource infill and expansion drilling program at its 100%-owned New Polaris Gold Project in northwestern British Columbia. The highlights include an intercept of 79.3 grams per tonne gold and 8.76% antimony over 1.96 meters from hole NP26-10A, which is included within a broader interval averaging 37.7 g/t Au and 4.57% Sb over 4.62 meters. Other significant intercepts include 21.1 g/t Au over 9.44 meters in hole NP26-11. The company stated that these high-grade intervals fall outside the current mineral resource model, highlighting opportunities to expand resources and enhance project economics. Canagold Resources Ltd. is an advanced development company dedicated to advancing its New Polaris Project through feasibility, permitting, and production stages.

Canagold Resources reports high-grade drill results at its New Polaris project, including 30.46% antimony and 49.10 g/t gold over 1.21 meters. The company also successfully produced physical antimony metal grading greater than 99% from concentrate using alkaline sulphide leach and electrowinning. These milestones demonstrate the technical viability of refining critical metal on-site, potentially capturing more value than selling concentrate to third-party smelters. Canagold Resources Ltd. is an advanced development company focused on advancing the New Polaris Gold-Antimony Project in northwestern British Columbia through permitting and toward production.

Canagold Resources Ltd. closed a $7.1 million private placement offering consisting of 5,319,149 common shares at $0.47 per share and 8,846,154 flow-through shares at $0.52 per share. Proceeds will fund working capital, administrative expenses, and Canadian exploration expenditures at the New Polaris project in British Columbia. Sun Valley Investments AG purchased a significant portion of the offering, increasing its beneficial ownership from 48.25% to 49.75%. The transaction is classified as a related party transaction under Multilateral Instrument 61-101. Canagold Resources Ltd. operates in the mining industry, focusing on advancing the New Polaris Gold-Antimony Project through permitting and toward production.