Canadian Gold Corp. announced the completion of its regional field exploration program, and that planning for a November, 2023 phase 2 drill program at the 100%-owned Tartan Mine, situated in the prolific Flin Flon-Snow Lake Greenstone Belt, Manitoba, is currently underway. The Phase 2 exploration drilling program intends to expand upon the Company's recent exploration drilling successes, which includes drill results situated below the mineral resource estimate, returning 23.8 gpt gold over 12.6 metres and 4.2 gpt gold over 53.7 metres including 12.0 gpt gold over 8.0 metres.

The regional exploration program at the Tartan Mine was successful in identifying the potential for additional zones, particularly along the east-west shear of the Tailings Pond zone located approximately 1.4 km east of the Tartan Mine. The program was designed to identify additional resources and areas with potential for both gold and VMS-type discoveries across the under-explored 2,670-hectare property. The Company further announces the completion of its exploration programs at both the HEES Project, located near Barrick Gold's Hemlo Mine, and at the Hammond Reef South Project, located near Agnico Eagle Hammond Reef Gold Deposit, both in Ontario.

Results from these regional field exploration programs are expected in the coming months and an update will be provided.