Canagold's New Polaris added to Canadian projects map

Executive Summary

• Canagold Resources Ltd.'s 100%-owned New Polaris gold-antimony project has been added to the Canadian government's Advanced Projects Map for critical minerals.
• The company plans to commence a fully financed 7,000-metre diamond drilling program in June 2026 to expand high-grade gold-antimony mineralization.
• The drilling aims to define and potentially expand the resource base to positively impact early mine production and project economics, leveraging the strategic value of antimony amid global demand for critical minerals.

Key Details

• Project Status: New Polaris project added to Canada's Critical Metals Advanced Projects Map.
• Ownership: 100% owned by Canagold Resources Ltd.
• Drilling Program:
  • Volume: 7,000 metres of diamond drilling.
  • Timing: Beginning in June 2026.
  • Funding: Fully financed.
  • Objective: Expand high-grade gold-antimony mineralization within and adjacent to the current mine plan.
  • Context: Based on the feasibility study completed in July 2025.
• Strategic Rationale: Integration of antimony production enhances strategic value due to increasing global demand for secure and diversified supplies of critical minerals.
• Qualified Person: Garry Biles, PEng, President and Chief Operating Officer.

Notable Quotes

• "The drilling is designed to further define and potentially expand the gold-antimony resource base in areas that could have a direct and positive impact on early mine production and overall project economics."
• "The company believes that the potential integration of antimony production would enhance the strategic value of the New Polaris project, particularly in the context of increasing global demand for secure and diversified supplies of critical minerals."