CANAGOLD RES LTD - CRCUF STOCK NEWS

Canagold Resources (TSX: CCM, OTC-QB: CRCUF) has announced sample assay results from two additional drill holes in its resource expansion program at the New Polaris Gold project in northwestern British Columbia. The drilling targeted the North Zone and yielded significant gold intercepts, including:

- 10.8 g/t gold over 4.3 m (including 15.5 g/t over 2.0 m)
- 10.4 g/t gold over 3.6 m (including 12.3 g/t over 1.3 m)
- 14.1 g/t gold over 1.1 m
- 10.4 g/t gold over 1.2 m

The drilling program has been completed with 10,300 meters drilled in 34 holes, intercepting five separate mineralization zones. Modeling of the results is in progress to assess the potential for expanding the project's high-grade resources.

Canagold Resources (TSX: CCM, OTC-QB: CRCUF) has announced sample assay results from 26 drill holes in its resource expansion program at the New Polaris Gold project in northwestern British Columbia. Highlights include:

- 20.2 g/t gold over 4.4 m in Hole NP24-09
- 18.3 g/t gold over 4.5 m in Hole NP24-28
- 14.9 g/t gold over 2.1 m in Hole NP24-11
- 12.4 g/t gold over 3.2 m in Hole NP24-25
- 9.4 g/t gold over 9.8 m in Hole NP24-09

The drilling program, now completed with 10,300 meters in 34 holes, has intercepted five separate mineralization zones. CEO Catalin Kilofliski stated the results are encouraging and highlight the potential to expand shallow, high-grade resources at New Polaris.

Canagold Resources has announced promising results from its resource expansion drill program at the New Polaris Gold project in northwestern British Columbia. The first five drill holes in the North Zone have intercepted strong gold mineralization, with highlights including:

- 14.5 g/t gold over 3.8 m in Hole NP24-01
- 12.9 g/t gold over 3.8 m in Hole NP24-01
- 10.6 g/t gold over 5.0 m in Hole NP24-02
- 13.2 g/t gold over 2.6 m in Hole NP24-04
- 12.9 g/t gold over 4.6 m in Hole NP24-05

To date, 6,000 meters of the planned 12,000-meter drilling program have been completed, with drilling expected to continue until mid-August. The results suggest potential to increase the shallow, high-grade resources at New Polaris.

Canagold Resources announced the outcomes from its Annual General Meeting held on June 12, 2024. All directors listed in the May 9, 2024 Information Circular were elected. Key voting results included Sofia Bianchi, Kadri Dagdelen, Michael Doyle, Carmen Letton, and Andrew Trow, each receiving over 99% votes in favor. Shareholders also approved the appointment of Davidson & Company LLP as the auditor for the ensuing year and endorsed a non-binding advisory resolution on executive compensation. Detailed results are available on the company's SEDAR+ profile.

Canagold Resources has commenced a 12,000-meter drilling program at its New Polaris Gold Project in northern British Columbia. This initiative aims to expand the high-grade mineralization adjacent to historic workings, potentially adding significant resources to the company's portfolio. Historical drill data, including 36 drill holes, reveal promising results like 26.2 gpt gold over 4.3 meters, indicating substantial expansion potential to the north. The program seeks to upgrade resources to the Indicated category for inclusion in the feasibility study. CEO Catalin Kilofliski highlighted the opportunity to access high-grade resources early in the mine life, reducing initial capital requirements.

Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) has appointed Mr. Chris Pharness as Senior Vice President Sustainability and Permitting. With 30 years of experience as an Environmental Professional, he has a proven record of success in community engagement, relationship building, negotiation, project permitting, Environmental Assessment, and environmental and regulatory compliance. He has led Indigenous relationships, engagement, consultation, and negotiations through various projects. Canagold CEO, Catalin Kilofliski, expressed confidence in Pharness' ability to bring New Polaris through permitting in British Columbia.