Canadian Gold Resources Limited has executed a mining claims sales agreement to acquire Three properties located in Gaspé, Québec from Gitennes Exploration Inc. for CAD 0.25 million.

Canadian Gold Resources Limited has executed a mining claims sales agreement to acquire Three properties located in Gaspé, Québec from Gitennes Exploration Inc. (TSXV:GIT) for CAD 0.25 million on April 28, 2023. The Transaction?s purchase price for the Properties is CAD 250,000 in value of the common shares of Canadian Gold at the time of the public listing of Canadian Gold. The Transaction and the transfer of title to the Properties to Canadian Gold is conditional upon Canadian Gold completing an Initial Public Offering within fourteen months of the signature date of the Sale Agreement.

Should Canadian Gold fail to complete an IPO within the IPO Deadline, the Sale Agreement shall be terminated and Gitennes shall have no further obligations to transfer the Properties to Canadian Gold.