Canadian Gold Resources Ltd. Announces Adoption of Quarterly Reporting Exemption Under Coordinated Blanket Order 51-933

Rhea-AI Summary

Canadian Gold Resources (OTC: CDNGF) announced adoption of the Coordinated Blanket Order 51-933 to move from quarterly to semi-annual financial reporting.

The company will not file interim financial statements or MD&A for periods ending March 31 and September 30, but will continue audited annual statements (due within 120 days of December 31) and six-month interim reports (due within 60 days of June 30). Canadian Gold says the change aims to lower administrative costs and allow management to focus on exploration while continuing to disclose material changes under NI 51-102.

Positive

• Stops interim filings for March 31 and September 30 periods
• Maintains audited annual statements due within 120 days of Dec 31

Negative

• Less frequent interim disclosure may reduce timeliness of financial updates
• Investors receive only one interim MD&A per year (June 30) instead of quarterly

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Dieppe, New Brunswick--(Newsfile Corp. - April 21, 2026) - Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") announces adoption of semi-annual financial reporting ("SAR"). This news release is being issued and filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").

CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. By adopting SAR, Canadian Gold aims to reduce the administrative and financial burden associated with quarterly reporting allowing management to focus its resources on the Company's exploration and development programs.

As a result of adopting SAR, the Company will not file interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three-month period ending March 31 and the nine-month period ending September 30 of each applicable fiscal year. Canadian Gold will continue to file audited annual financial statements (due within 120 days of December 31) and six-month interim financial reports and related MD&A (due within 60 days of June 30).

The Company remains committed to timely and transparent disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.

About Canadian Gold Resources Ltd.
Canadian Gold Resources Ltd. (TSXV: CAN) is a junior exploration company advancing three high-grade gold properties totaling ~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:
Ronald J. Goguen
President & CEO, Director
Canadian Gold Resources Ltd.

rongoguen@cdngold.com
+1 (506) 857-4090
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 anticipated exploration activities, timing, objectives, and potential outcomes of the drill program. 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. Canadian Gold 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/293613

FAQ

What does adopting semi-annual reporting mean for CDNGF's financial filings?

It means CDNGF will move from quarterly to semi-annual reporting, eliminating two interim filings each year. According to the company, interim statements and MD&A for March 31 and September 30 will no longer be filed, while annual and six-month reports remain due on specified timelines.

Which specific filings will Canadian Gold (CDNGF) stop after adopting CBO 51-933?

Canadian Gold will stop filing interim financial statements and MD&A for March 31 and September 30 periods. According to the company, audited annual statements and six-month interim reports will continue under the new schedule.

When will CDNGF still file audited annual and six-month reports after the change?

Annual statements remain due within 120 days of December 31 and six-month reports within 60 days of June 30. According to the company, those deadlines will continue to apply under the semi-annual reporting framework.

How does the change to semi-annual reporting affect transparency for CDNGF investors?

The change reduces filing frequency from quarterly to semi-annual, which could delay regular financial updates. According to the company, it will still report all material changes as required under continuous disclosure rules.

Why did Canadian Gold (CDNGF) adopt the semi-annual reporting exemption under CBO 51-933?

The company says the move aims to lower administrative and financial burden and let management focus on exploration programs. According to the company, this is the stated rationale for adopting semi-annual reporting.