Canada Gold Appoints Chad McMillan as President & CEO _______________________________________________

t: (604) 685.5851 f: (604) 685.7349 [email protected] www.canadagold.com

TSX.V: CI | FSE: T9NB | OTC-BB: CNGZF [NEWS RELEASE]

November 20, 2012 _______________________________________________ Canada Gold Appoints Chad McMillan as President & CEO _______________________________________________

Vancouver, British Columbia, Canada – November 20, 2012 - Canada Gold Corporation (TSX-V: CI, Frankfurt: T9NB, OTC-BB: CNGZF) (“Canada Gold” or the “Company”) announces Mr. Chad McMillan, B.A. (Cmns) has been appointed the new President & CEO of Canada Gold Corp. A Simon Fraser University graduate, Chad has been intricately involved in public company management and the junior markets for the past several years. He is currently President of NewRock Market Advisors, an early stage strategic advisory firm, and also a Director of TSX Venture listed Canada Strategic Metals Inc. (tsx.v: CJC).

Former President & CEO Dave McMillan will remain Chairman and Director.

For more information, please contact 604.685.5851 or visit www.canadagold.com.

On behalf of the Board,

“Chad McMillan”

Chad McMillan President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Canada Gold Corp., 1500-1199 West Hastings Street, Vancouver BC, V6E 3T5 Page 1