Canagold samples 98.3 g/t Au, 59.1% Sb at New Polaris

Executive Summary

• Canagold reported high‑grade antimony‑gold concentrate results from flotation testing on the New Polaris project (59.1% Sb, 98.3 g/t Au).
• Recoveries were strong: 93.1% Sb recovery in the Sb‑Au concentrate and an overall 91.8% Au recovery across both concentrates.
• The results suggest significant additional value could be unlocked if antimony revenue is incorporated into future project economics.

Key Details

• Flotation testing was performed on a 110 kg composite sample (derived from 47 diamond drill core samples across 17 holes) at Blue Coast Research Ltd., Parksville, B.C.
• The tested material came from the high‑grade antimony zone defined in the Jan 22 2025 resource model.
• Concentrate assay: 59.1 % Sb and 98.3 g/t Au.
• Recovery rates: 93.1 % Sb in the Sb‑Au concentrate; 91.8 % Au overall (combined Au and Sb‑Au concentrates).
• The feasibility study (completed July 2025) currently models only gold revenue; antimony revenue was not included.
• Indicated mineral resource estimate (April 2 2025) contains 5,630 t of antimony at 0.6 % Sb; the FS mine plan includes 5,173 t Sb.
• Antimony mining was part of the original FS, but no revenue assumptions were made due to the bulk sulphide concentrate design.
• Company will continue metallurgical testwork and economic assessments to determine feasibility of antimony‑derived revenue.
• Qualified Person: Garry Biles, P.Eng., President & COO, who prepared, validated, and approved the technical content per NI 43‑101.

Notable Quotes

“These new results highlight the project's ability to produce a very high‑grade gold‑antimony concentrate, which has the potential to create significant additional value on top of the already outstanding economics.” – Catalin Kilofliski, CEO, Canagold Resources Ltd.