CANAGOLD RES LTD - CRCUF STOCK NEWS

Canagold Resources Ltd. (OTC-QB:CRCUF) has released promising results from its recent infill drill program at the New Polaris Gold project in BC. The 30,000-meter program confirms the high-grade and continuous nature of the C-West Main deposit, with significant intercepts including 13.6 gpt over 25.1 meters. The drilling supports potential resource upgrades, while exploration holes have revealed deeper mineralized veins. An interim resource estimate is underway to incorporate these findings, reinforcing Canagold's commitment to advancing the project.

Canagold Resources Ltd. (OTCQB: CRCUF) announced strong shareholder support for its upcoming AGM vote. The company corrected multiple inaccuracies in a proxy report by ISS, stating that the dissident's financing proposal is a 20% discount compared to Canagold’s previous financing, and emphasized the importance of evaluating better financing alternatives. ISS advised a vote WITHHOLD for dissident nominee Andrew Trow and warned of risks associated with the dissident's proposal. Shareholders are reminded to submit their YELLOW proxies by July 15, 2022, at 10 a.m. (Pacific Time).

Canagold Resources Ltd. (OTCQB: CRCUF) reports strong shareholder support for its upcoming AGM vote. The company corrects several errors in the ISS Proxy Advisory Report, highlighting misinformation from a dissident group. Key corrections include claims about financing proposals and management’s capabilities. Canagold urges shareholders to vote using the YELLOW proxy before the deadline on July 15, 2022, at 10 a.m. PT. The company emphasizes that dissenters lack a compelling case for board change and that their nomination does not benefit all shareholders.

Canagold Resources Ltd. (CRCUF) has successfully sold its 100% interest in the Hot Springs Point property, located in Eureka County, Nevada, for $480,000 USD. Acquired in 2017, this property is part of Canagold's broader portfolio of 14 mineral properties and two royalties. CEO Scott Eldridge stated that the sale allows the company to focus on its flagship New Polaris project in British Columbia. Additionally, Canagold is currently receiving interest in seven other properties available for option or lease, aiming to enhance shareholder value.

Canagold Resources Ltd. (OTC-QB: CRCUF) urges shareholders to reject a rival bid from SunValley Company, highlighting the strengths of its board nominees and the purported flaws in SunValley's strategic plan. Canagold accuses SunValley of misinformation and emphasizes management's experience and successful advancements at the New Polaris project, which boasts an estimated Net Present Value of $333 million. Canagold has appointed PI Financial Corp. as a financial advisor to explore financing options, while urging shareholders to support its nominees using the yellow proxy before the July 15 deadline.

Canagold Resources Ltd. has issued a statement urging shareholders to ignore the misinformation propagated by SunValley Company DMCC regarding a proxy fight. The company asserts that SunValley is attempting a hostile takeover by seeking to control the board while holding only 17% of shares. Canagold emphasizes the importance of voting for its management nominees using the YELLOW Proxy to protect shareholder interests. The press release disputes claims made by SunValley, reinforcing Canagold's commitment to evaluate all financing options without bias and prioritize the benefits for all shareholders.

Canagold Resources Ltd. announced significant gold assay results from its New Polaris Gold project in British Columbia. The final results from the 30,000-meter drill program revealed 34.4 gpt gold over 6.6 meters and 13.6 gpt gold over 25.1 meters, marking the best results of the program. The company plans to upgrade Inferred Resources to Indicated Resources, enhancing shareholder value. These results bolster confidence in the ongoing exploration efforts, with drilling set to resume in summer 2022.

Canagold Resources Ltd. (TSX:CCM, OTCQB:CRCUF) refutes claims from dissident minority shareholder SunValley Company DMCC, accusing them of making false statements in a bid for control over the company and its New Polaris gold mine project. Canagold asserts that it received one financing offer from SunValley, which was not rejected. The company emphasizes its board's commitment to acting in the best interests of all shareholders. Shareholders are urged to vote for Canagold's management nominees using the YELLOW proxy to prevent the dissident's takeover attempt.

Canagold Resources Ltd. (OTCQB: CRCUF) faces a challenge from a minority dissident shareholder seeking control of its Board. This shareholder has nominated three directors to replace the current Board members. Canagold urges shareholders to support its nominees at the upcoming vote on July 19, 2022, emphasizing that the dissident's nominees lack sufficient experience and align with self-interests. The company is advancing its high-grade New Polaris gold project, aiming for completion of a feasibility study and updating resource estimates, which could create significant value for shareholders.