Canada Gold Appoints Chad McMillan as Director, Accepts resignations of Forzley & Klassen _______________________________________________

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

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

November 30, 2012 _______________________________________________ Canada Gold Appoints Chad McMillan as Director, Accepts resignations of Forzley & Klassen _______________________________________________

Vancouver, British Columbia, Canada – November 30, 2012 - Canada Gold Corporation (TSX-V: CI, Frankfurt: T9NB, OTC-BB: CNGZF) (“Canada Gold” or the “Company”) announces Mr. Chad McMillan, B.A. (Cmns), President and CEO of Canada Gold, has been appointed as a Director. The Company has also accepted the resignations of Mr. Hardy Forzley and Mr. Ian Klassen from the Board of Directors as they concentrate their efforts on other ventures. The Company thanks them both for their past contributions to the Company and wishes them well in their future endeavors.

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