Canadian Gold Corp. Clarification to News Improperly Disseminated by Third Party Wire Services

Core Viewpoint - Canadian Gold Corp. has clarified that recent news releases mistakenly attributed to the company were actually related to other public companies, and the relevant wire services have been notified to correct these errors [1][2]. Company Updates - Canadian Gold Corp. has only released three significant updates in the fall of 2024: - On November 14, 2024, the company reported that Phase 3 drilling at the Tartan Mine returned multiple high-grade intercepts, extending the main zone to the west and indicating excellent potential for resource expansion [3]. - On October 16, 2024, initial results from Phase 3 drilling at the Tartan Mine showed high-grade mineralization extending to the west at 7.3 grams per tonne (gpt) gold over 7.0 meters, along with the discovery of a potential new zone [3]. - On September 25, 2024, surface samples from Hammond Reef South returned 11.6 gpt gold, indicating an expanding new gold discovery, and the company received a provincial funding grant to advance exploration [3]. Company Profile - Canadian Gold Corp. is a mineral exploration and development company based in Toronto, focused on expanding the high-grade gold resource at the Tartan Mine in Flin Flon, Manitoba. The Tartan Mine has a 2017 indicated mineral resource estimate of 240,000 ounces of gold at 6.32 grams per tonne and an inferred estimate of 37,000 ounces at 4.89 grams per tonne [4]. - The company also holds a 100% interest in exploration properties in Ontario and Quebec, adjacent to major gold mines and development projects, including the Canadian Malartic Mine, Hemlo Mine, and Hammond Reef Project [4]. - Robert McEwen, founder and CEO of Goldcorp, is a significant shareholder, owning 35% of the company [4].