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Canadian Goldfields Appoints Ian Dasti as Vice President Exploration

Corporate Updates

Canadian Goldfields Appoints Ian Dasti as

Vice President Exploration

Vancouver, British Columbia--(Newsfile Corp. - May 11, 2026) - Canadian Goldfields Discovery Corp.

(TSXV: CGM) (OTCQB: CGMXF) (the "

Company

") is pleased to announce the appointment of Mr. Ian

Dasti, P. Geo, as Vice President Exploration.

Mr. Dasti is a senior geoscientist with 17 years of experience in mining, mineral exploration, and

resource estimation. During his career, Mr. Dasti has established a track record of exploration

excellence including in a leadership role resulting in the discovery of a significant Ontario gold resource.

For the past nine years, Mr. Dasti has been with Imerys Performance Minerals Americas ("Imerys"),

advancing from Project Geologist to Senior Geologist. As Senior Geologist, he has acted as Competent

Person responsible for Mineral Resources estimation and Mineral Reserves development across seven

operations and five industrial minerals. In addition to contributing to the development and review of short,

medium and long-term mine plans, Mr. Dasti provided technical leadership across multi-disciplinary

teams while communicating resource strategy to operational and executive stakeholders.

Mr. Dasti has a Master of Science in Geology from Lakehead University, and has a broad background in

gold, Ni-Cu-PGE, VMS, and a variety of industrial minerals environments, complemented by graduate-

level training in geochemistry, petrology, and ore-forming processes. His expertise in mineral resource

estimation and mineral reserve development has spanned multiple projects, as has his experience

integrating advanced geological modelling with mine planning, economic evaluation, and multi-site

portfolio strategies.

About Canadian Goldfields Discovery Corp.

Canadian Goldfields Discovery Corp. is a Canadian mineral exploration company focused on advancing

the high-grade, district-scale Miminiska Gold Project located in northwestern Ontario — one of the

world's top-ranked and most stable mining jurisdictions.

Miminiska hosts a gold-rich banded iron formation (BIF) system with multiple high-grade intercepts

already drilled at the Miminiska and Frond Zones, and more than 14 km of under-explored strike offering

exceptional blue-sky potential. 25,000 m of historical drilling provides a strong technical foundation, with

both known zones remaining open along strike and at depth.

The Company also recently announced a transaction to acquire the highly prospective Newton Gold

Property, which is located approximately 100 kilometres (km) southwest of the city of Timmins and 36

km south of the town of Foleyet, Ontario.

With a lean, execution-focused leadership team, Canadian Goldfields is positioned to unlock meaningful

value through disciplined exploration, discovery-focused drilling and the advancement of one of Ontario's

most compelling emerging gold systems.

Additional Information

John G. Booth

Chief Executive Officer

Canadian Goldfields Discovery Corp.

Phone: (604) 802-4447

Email:

[email protected]

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on

assumptions as of the date of this news release. These statements reflect management's current

estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The

Company cautions that all forward-looking statements are inherently uncertain and that actual

performance may be affected by many material factors, many of which are beyond their respective

control. Such factors include, among other things: risks and uncertainties relating to the Company's

limited operating history and the Company's planned exploration program for the Miminiska Gold

Property is subject to change.

Accordingly, actual and future events, conditions and results may differ

materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-

looking information. Except as required under applicable securities legislation, the Company does

not undertake to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/296853