Canadian Goldfields Closes Acquisition of Newton Gold Property in Ontario

• Canadian Goldfields Discovery Corp. has completed the acquisition of Newton Gold Corp. via amalgamation, securing the Newton Gold Property in Ontario.
• The transaction was finalized on May 20, 2026, following an announcement made on April 28, 2026.
• Consideration involved issuing 12,500,000 common shares to Newton Gold shareholders at a ratio of approximately 0.62 shares per Newton share.
• The property is located in the Swayze Greenstone Belt, featuring historic high-grade gold drill intercepts but no new drilling results from Canadian Goldfields yet.
• Previous financing activities included a private placement increase to $7.575M in early 2026 to fund operations and acquisition closing payments.

• The news confirms the completion of a previously announced deal, removing execution risk but adding immediate dilution through share issuance.
• Market reaction appears muted as the stock traded near recent highs ($0.48) prior to the close, suggesting the market had already priced in the acquisition terms.
• No new drilling results or resource estimates were released with this closing announcement; value relies entirely on historic data from Newton Gold Corp.
• Dilution of 12.5M shares is significant for a junior explorer and may pressure share price if not offset by immediate exploration catalysts.
• Royalties encumbering the property (3.5% total NSR) reduce future cash flow potential, though partial repurchase options exist.

• Canadian Goldfields Discovery Corp. focuses on gold exploration in Ontario, specifically the Swayze Greenstone Belt.
• Flagship Project: Newton Gold Property (acquired May 2026), comprising 7,029 hectares of fee simple patented claims.
• Geology: Orogenic gold deposit potential within the Wawa-Abitibi Terrane, featuring Krista Zone and Michelle Zone mineralization.
• Historic Data: Intercepts include 35m at 4.05 g/t Au and resampling results showing high-grade intervals up to 7.76 g/t Au over short widths.
• Development Stage: Early exploration; historic data requires verification through new drilling programs funded by recent capital raises.