Canadian Gold Resources Announces Resignation of Director

Rhea-AI Summary

Canadian Gold Resources (OTC:CDNGF, TSXV:CAN) announced that director Mark Smethers has resigned from the Board of Directors, effective immediately, on June 5, 2026.

The company thanked him for his service and stated that the Board will continue its responsibilities in the normal course.

News Market Reaction – CDNGF

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In the Jun 23 session, CDNGF gained 107.41%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Dieppe, New Brunswick--(Newsfile Corp. - June 5, 2026) - Canadian Gold Resources Ltd. (TSXV: CAN) (the "Company") announces that Mr. Mark Smethers has resigned from the Company's Board of Directors, effective immediately.

The Company thanks Mr. Smethers for his service and wishes him well in his future endeavors.

The Board will continue to carry out its responsibilities in the normal course.

About Canadian Gold Resources Ltd.
The Company is a junior exploration issuer advancing three high-grade gold properties totaling approximately 16,000 hectares in Québec's Gaspé Peninsula. The Company's strategy is to unlock the potential of historically explored assets through modern exploration and development, supported by a management team with a proven track record in discovery and project advancement.

For further information, please contact:

Ken Chernin
Interim President & Chief Executive Officer
Canadian Gold Resources Ltd.
ken.chernin@cdngold.com
+1 (416) 846 - 7373

Investor Relations
investors@cdngold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Canadian Gold trades on the TSX Venture Exchange under the ticker CAN and has 54,868,876 common shares outstanding.

Forward-Looking Statements Disclaimer:

This news release contains "forward-looking statements," including but not limited to statements regarding the Company's strategic objectives and anticipated growth. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on these statements. The Company disclaims any obligation to update or revise any forward-looking information, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300326

FAQ

What management change did Canadian Gold Resources (CDNGF) announce on June 5, 2026?

Canadian Gold Resources announced that director Mark Smethers resigned from its Board, effective immediately. According to Canadian Gold Resources, the Board will continue to carry out its responsibilities in the normal course following his departure.

When did Mark Smethers’ resignation from the Canadian Gold Resources (CDNGF) board become effective?

Mark Smethers’ resignation from the Canadian Gold Resources Board of Directors became effective immediately on June 5, 2026. According to Canadian Gold Resources, the Board remains in place and continues its regular governance duties after this change.

How does the resignation of director Mark Smethers affect Canadian Gold Resources (CDNGF) operations?

The company indicates operations and governance will continue as normal after Mark Smethers’ resignation. According to Canadian Gold Resources, the Board will keep carrying out its responsibilities in the normal course despite this director change.

Did Canadian Gold Resources (CDNGF) comment on Mark Smethers’ service as a director?

Yes. Canadian Gold Resources publicly thanked Mark Smethers for his service on the Board. According to Canadian Gold Resources, the company also wished him well in his future endeavors following his immediate resignation as a director.

What are the stock symbols for Canadian Gold Resources after the June 2026 board change?

Canadian Gold Resources continues to trade under CDNGF over-the-counter and CAN on the TSX Venture Exchange. According to Canadian Gold Resources, the announced board resignation does not alter these existing stock tickers.