Vancouver, B.C. – March 16, 2026 – Canagold Resources Ltd. (TSX: CCM, OTCQB: CRCUF, Frankfurt: CANA) (the “Company” or “Canagold”) is pleased to announce that its 100%-owned New Polaris project (“New Polaris” or “project”), has been added to the Canadian government advanced gold-antimony projects map.
The interactive map can be accessed at the following link:
https://search.open.canada.ca/openmap/22b2db8a-dc12-47f2-9737-99d3da921751
As previously announced in the Company’s February 25, 2026 news release, Canagold plans to undertake a fully funded 7,000-metre diamond drilling program beginning in June 2026. The program will focus on expanding high-grade gold–antimony mineralization within and adjacent to the current mine plan outlined in the feasibility study completed in July 2025.
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.
The Company will provide further updates as the 2026 exploration and development program progresses.
Qualified Persons
In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Garry Biles, P.Eng, President & COO is the Qualified Person for the Company and has prepared, validated, and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting activities on its projects.
About Canagold
Canagold Resources Ltd. is an advanced development company dedicated to advancing the New Polaris Project through feasibility, permitting, and production stages. Additionally, Canagold aims to expand its asset base by acquiring advanced projects, positioning itself as a leading project developer. With a team of technical experts, the Company is poised to unlock substantial value for its shareholders.
“Catalin Kilofliski”
For further information, please contact:
Catalin Kilofliski, Chief Executive Officer
CANAGOLD RESOURCES LTD.
catalin@canagoldresources.com
Tel: 604-685-9700
Website: www.canagoldresources.com
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the use of proceeds of the Offering, future performance of Canagold, and the Company’s plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “has proven”, “expects” or “does not expect”, “is expected”, “potential”, “appears”, “budget”, “scheduled”, “estimates”, “forecasts”, “at least”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will be taken”, “occur” or “be achieved”.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.