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Canagold’s New Polaris Gold-Antimony Project Added to Canada’s Critical Metals Advanced Projects Map ___________

Corporate Updates

Canagold’s New Polaris Gold-Antimony Project Added to Canada’s Critical Metals

Advanced Projects Map

___________

Vancouver, B.C. – March 16, 2026 — Canagold Resources Ltd. (TSX: CCM, OTCQB: CRCUF, Frankfurt:

CANA) (the “Company” or “Canagold”) is pleased to announce that its 100%-owned New Polaris project

(“New Polaris” or “project”), has been added to the Canadian government advanced gold-antimony

projects map.

The interactive map can be accessed at the following link:

https://search.open.canada.ca/openmap/22b2db8a-dc12-47f2-9737-99d3da921751

As previously announced in the Company’s February 25, 2026 news release, Canagold plans to

undertake a fully funded 7,000-metre diamond drilling program beginning in June 2026. The program

will focus on expanding high-grade gold–antimony mineralization within and adjacent to the current

mine plan outlined in the feasibility study completed in July 2025.

The drilling is designed to further define and potentially expand the gold–antimony resource base in

areas that could have a direct and positive impact on early mine production and overall project

economics.

The Company believes that the potential integration of antimony production would enhance the

strategic value of the New Polaris project, particularly in the context of increasing global demand for

secure and diversified supplies of critical minerals.

The Company will provide further updates as the 2026 exploration and development program

progresses.

Qualified Persons

In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Garry Biles,

P.Eng, President & COO is the Qualified Person for the Company and has prepared, validated, and

approved the technical and scientific content of this news release. The Company strictly adheres to CIM

Best Practices Guidelines in conducting, documenting, and reporting activities on its projects.

About Canagold

Canagold Resources Ltd. is an advanced development company dedicated to advancing the New Polaris

Project through feasibility, permitting, and production stages. Additionally, Canagold aims to expand its

asset base by acquiring advanced projects, positioning itself as a leading project developer. With a team

of technical experts, the Company is poised to unlock substantial value for its shareholders.

"Catalin Kilofliski"

Catalin Kilofliski

Chief Executive Officer

For further information, please contact:

Catalin Kilofliski, Chief Executive Officer

CANAGOLD RESOURCES LTD

[email protected]

Tel: (604)-685-9700

Website: www.canagoldresources.com

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX)

accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private

securities litigation reform act of 1995 and "forward- looking information" within the meaning of

applicable Canadian securities legislation. Statements contained in this news release that are not historical

facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-

looking statements in this news release include, but are not limited to, statements with respect to the use

of proceeds of the Offering, future performance of Canagold, and the Company's plans and exploration

programs for its mineral properties, including the timing of such plans and programs. In certain cases,

forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects"

or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates",

"forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such

words and phrases or state that certain actions, events or results "may", "could", "would", "should",

"might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Company to be materially different from any

future results, performance or achievements expre ssed or implied by the forward -looking statements.

There can be no assurance that forward- looking statements will prove to be accurate, as actual results

and future events could differ materially from those anticipated in such statements. Accordingly, do not

place undue reliance on forward-looking statements. All statements are made as of the date of this news

release and the Company is under no obligation to update or alter any forward-looking statements except

as required under applicable securities laws.