Canadian Gold to conduct IP survey at Lac Arsenault

Executive Summary

• Canadian Gold Resources has engaged Geophysique TMC to conduct an induced polarization (IP) survey on its 100% owned Lac Arsenault property in Quebec’s Gaspé region.
• The IP data will be combined with recent surface sampling and airborne magnetic results to refine drill target prioritization for the upcoming maiden diamond drilling program.
• Historical non‑NI 43‑101 resource estimates (1975 & 1996) exist for the Baker, Mersereau and Type‑4 veins; the company plans systematic drilling and a compliant NI 43‑101 resource estimate after verification work.

Key Details

• Survey Contractor: Geophysique TMC will perform the IP survey.
• Property: Lac Arsenault (100% owned), located along the Grand Pabos fault in the Gaspé region of Quebec.
• Target Veins: Baker vein, Mersereau vein, Type‑4 vein – historically host to non‑NI 43‑101 resource estimates.
• Purpose: Enhance understanding of structural controls and identify high‑priority drill targets for a forthcoming maiden diamond drill program.
• Recent Exploration Results:
• Mechanical trenching & surface sampling returned grades up to 28.9 g/t Au and 306 g/t Ag (sample BVA2025‑004) and 22.9 g/t Au with 399 g/t Ag on other exposures.
• Airborne magnetic survey delineated major fault structures, including the Grand Pabos fault and newly recognized splays/secondary structures influencing gold‑silver‑lead mineralization.
• Integration Plan: IP data will be merged with existing surface sampling and magnetic datasets to sharpen the exploration model and prioritize drill targets.
• Future Work Planned:
• Systematic drilling to confirm grades and vein geometry.
• Verification sampling and density determinations.
• Development of a validated geological model using modern QA/QC protocols.
• Commissioning of an independent NI 43‑101 compliant resource estimate.
• Historical Resource Estimates (non‑NI 43‑101):
• L. Stevenson (1975): 40,000 t @ 15.43 g/t Au, 197 g/t Ag (Esso Minerals Canada).
• R. Côté (1996): 199,580 t @ 9.59 g/t Au (~61,536 oz Au).
• Management Comment: President & CEO Ronald Goguen stated the IP survey is a key step toward refining targets for the upcoming drill program and validating historical results.

Notable Quotes

“The initiation of this IP survey represents another important step in uncovering the value of our Lac Arsenault property by refining and prioritizing targets for the upcoming maiden diamond drill program,” – Ronald Goguen, President & CEO, Canadian Gold Resources Ltd.