Canagold Receives Process Order to Proceed with Environmental Assessment Application for Permitting the New Polaris Project
Canagold Receives Process Order to Proceed with Environmental Assessment Application for
Permitting the New Polaris Project
Vancouver, Canada –January 29, 2025 – Canagold Resources Ltd. (“Canagold” or the “Company”) (TSX:
CCM, OTC-QB: CRCUF, Frankfurt: CANA), is pleased to announce a significant permitting milestone in
the advancement of its New Polaris Project (“the Project”), located in the Traditional Territory of the
Taku River Tlingit in northwestern British Columbia.
The British Columbia Environmental Assessment Office (BCEAO) has issued a process order, enabling the
Project to proceed to the Application Development and Review phase of the Environmental Assessment.
This marks a crucial step forward in the permitting process for the New Polaris Project.
During this phase, Canagold will prepare and submit its application for an Environmental Assessment
Certificate while continuing its robust engagement efforts with Indigenous Nations, regulatory bodies,
and other stakeholders.
Prior to issuing the process order, BCEAO conducted a thorough review process that included feedback
from participating Indigenous Nations, the Technical Advisory Committee (TAC), Alaskan Tribes, and the
public, facilitated through a public comment period.
“We are thrilled to continue advancing our permitting efforts for the New Polaris Project,” said Catalin
Kilofliski, CEO of Canagold Resources. “This milestone highlights our commitment to responsible mining
practices and ongoing collaboration with Indigenous Nations, local communities, and other
stakeholders. We look forward to building on this progress and moving the New Polaris Project closer to
becoming a sustainable gold mining operation.”
The New Polaris Project reflects Canagold’s dedication to creating long-term value while adhering to
high environmental, social, and governance (ESG) standards. The Company will continue to provide
updates as it advances through the permitting process and prepares for the next stages of project
development.
About Canagold Resources Ltd.
Canagold Resources Ltd. is an advanced development company dedicated to advancing the New Polaris
Project through feasibility, permitting, and production stages. The Company’s flagship asset, the New
Polaris Project, is a high-grade gold-antimony deposit located in British Columbia, Canada.
CANAGOLD RESOURCES LTD.
1250-625 Howe Street
Vancouver, BC V6C 2T6
T: 604.685.9700
F: 604.6685 -9744
www.canagold resources .com
CCM: TSX
CRCUF: OTCQ B
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.
For further information about the New Polaris Project and Canagold Resources Ltd, please visit
Canagold’s website at https://www.canagoldresources.com or contact:
"Catalin Kilofliski”
____________________
Catalin Kilofliski, Chief Executive Officer
CANAGOLD RESOURCES LTD.
[email protected], 604-685-9700
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 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 ident ified 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",
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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 factor s
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 co ncern; the Company's ability to raise funds through 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 industry; 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 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.