Vancouver, B.C. – May 1, 2026 — Canagold Resources Ltd. (TSX: CCM, OTCQB: CRCUF, Frankfurt: CANA) (the “Company” or “Canagold”) is pleased to announce that the New Polaris Gold Antimony Project has been added to the Government of British Columbia (“the Province”) list of priority major projects, as outlined in the Province’s recent Look West economic update published on April 29, 2026.
https://news.gov.bc.ca/releases/2026PREM0020-000479
The inclusion of New Polaris among the Province’s priority projects underscores its strategic importance to British Columbia’s economic growth, critical minerals development, and long-term resource security. The announcement forms part of a broader provincial initiative to accelerate approximately $88 billion in major project investments expected to generate tens of thousands of jobs across the province over the next several years.
The Province’s priority projects list identifies key developments that will benefit from enhanced coordination across government agencies, streamlined permitting processes, and increased regulatory certainty. These measures are designed to advance responsible resource development while maintaining strong environmental standards and meaningful Indigenous engagement.
“Being recognized as a priority project by the Government of British Columbia is a significant milestone for New Polaris,” said Catalin Kilofliski, Canagold’s CEO “This designation highlights the project’s potential to contribute to regional economic development, create high-quality jobs, and support the responsible production of gold and critical minerals.”
The New Polaris Project is one of 17 new projects added to the Province’s priority list as part of its strategy to strengthen economic resilience, diversify trade, and position British Columbia as a leading supplier of responsibly developed natural resources.
Through the Look West strategy, the Province aims to secure up to $200 billion in private-sector investment by 2035, while accelerating timelines for major projects and expanding skilled trades training to support development.
The addition of New Polaris to this list is expected to enhance project momentum by facilitating more efficient regulatory processes and reinforcing its importance within British Columbia’s mining and critical minerals sector. Priority status also signals strong government support for advancing projects that deliver long-term economic benefits, including increased provincial revenues that help fund public services such as healthcare, education, and infrastructure.
Canagold remains committed to advancing the New Polaris project in a manner that is environmentally responsible, socially respectful, and economically beneficial. The Company looks forward to working closely with Indigenous Nations, local communities and stakeholders throughout the EA process and will provide updates as key milestones are achieved.
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
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