Canagold Files Initial Project Description and Begins Environmental Assessment and Permitting Process for Flagship New Polaris Project
e
Canagold Files Initial Project Description and Begins Environmental
Assessment and Permitting Process for Flagship New Polaris Project
Vancouver, B.C. – March 29, 2023 - Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt:
CANA) (“Canagold” or the “Company”) is pleased to report its Initial Project Description (IPD) and
Engagement Plan submission to the B.C. Environmental Assessment Office on behalf of the New Polaris
Project (“Project”), located in northwest British Columbia, Canada.
The Company’s IPD submission formally initiates the Early Engagement phase of the provincial
assessment process. The IPD provides an overview and detailed description of the Company’s plans to
develop, operate, and eventually decommission the New Polaris Gold Project.
Canagold greatly appreciates the cooperation and input from the Taku River Tlingit First Nation (TRTFN),
on whose traditional territory the Project is located.
“We are very excited about our submission of the IPD, as it marks the official commencement of the
Environmental Assessment permitting process, following extensive preparations and environmental
baseline studies that have been conducted on New Polaris over the years,” said Catalin Kilofliski, CEO of
Canagold. “This is an important milestone in the Company’s ambitious plan to permit, build and operate
a sustainable mining operation in partnership with TRTFN.”
About Canagold
Canagold Resources Ltd. is a growth -oriented gold exploration company focused on advancing the New
Polaris Project through feasibility and permitting. Canagold is also seeking to grow its assets base through
future acquisitions of additional advanced proje cts. The Company has access to a team of technical
experts that can help unlock significant value for all Canagold shareholders.
“Catalin Kilofliski”
Catalin Kilofliski
Chief Executive Officer
For further information please contact:
Knox Henderson, VP Corporate Development
Tel: (604) 604-416-0337; Cell: (604) 551-2360
Toll Free: 1-877-684-9700
Email: [email protected]
Website: www.canagoldresources.com
LEGAL_39937029.2
Neither the T oronto Stock Exchange 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 future performance of Canag old, 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 expressed or implied by the forward-looking statements. Such risks and other factors
include, among others risks related to the uncertainties inherent in the estimation of mineral resources; commodity
prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability
to continue as a going concern; the Company's ability to raise funds throug h equity financings; risks inherent in
mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or
processes to operate as anticipated; accidents, labor disputes and other risks of the mining indu stry; delays in
obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes
or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the
Company has attempted to identify important factors that could affect the Company and may cause actual actions,
events or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended. 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 plac e 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.