Canagold's New Polaris Gold-Antimony Project Added to Canada's Critical Metals Advanced Projects Map

Rhea-AI Summary

Canagold (OTCQB: CRCUF) announced its 100%-owned New Polaris gold-antimony project was added to Canada’s advanced gold-antimony projects map on March 16, 2026. The company plans a fully funded 7,000-metre diamond drill program beginning June 2026 to expand high‑grade mineralization near a July 2025 feasibility study mine plan.

Canagold said potential integration of antimony production could enhance the project’s strategic value amid rising demand for critical minerals; further updates will follow as 2026 work progresses.

Positive

• 100% ownership of New Polaris project
• Fully funded 7,000‑metre diamond drill program starting June 2026
• Feasibility study completed in July 2025

Negative

• No updated resource or reserve figures included in this announcement

News Market Reaction – CRCUF

-10.09%

1 alert

-10.09% News Effect

On the day this news was published, CRCUF declined 10.09%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - March 16, 2026) - Canagold Resources Ltd. (TSX: CCM) (OTCQB: CRCUF) (FSE: CANA) (the "Company" or "Canagold") is pleased to announce that its 100%-owned New Polaris project ("New Polaris" or "project"), has been added to the Canadian government advanced gold-antimony projects map.

The interactive map can be accessed at the following link:

https://search.open.canada.ca/openmap/22b2db8a-dc12-47f2-9737-99d3da921751

As previously announced in the Company's February 25, 2026 news release, Canagold plans to undertake a fully funded 7,000-metre diamond drilling program beginning in June 2026. The program will focus on expanding high-grade gold-antimony mineralization within and adjacent to the current mine plan outlined in the feasibility study completed in July 2025.

The drilling is designed to further define and potentially expand the gold-antimony resource base in areas that could have a direct and positive impact on early mine production and overall project economics.

The Company believes that the potential integration of antimony production would enhance the strategic value of the New Polaris project, particularly in the context of increasing global demand for secure and diversified supplies of critical minerals.

The Company will provide further updates as the 2026 exploration and development program progresses.

Qualified Persons

In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Garry Biles, P.Eng, President & COO is the Qualified Person for the Company and has prepared, validated, and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting activities on its projects.

About Canagold

Canagold Resources Ltd. is an advanced development company dedicated to advancing the New Polaris Project through feasibility, permitting, and production stages. Additionally, Canagold aims to expand its asset base by acquiring advanced projects, positioning itself as a leading project developer. With a team of technical experts, the Company is poised to unlock substantial value for its shareholders.

"Catalin Kilofliski"

Catalin Kilofliski
Chief Executive Officer

For further information, please contact:

Catalin Kilofliski, Chief Executive Officer
CANAGOLD RESOURCES LTD
Catalin@canagoldresources.com
(604)-685-9700

Website: https://canagoldresources.com

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

Cautionary Note Regarding Forward-Looking Statements

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288577

FAQ

What does Canagold (CRCUF) being added to Canada’s advanced projects map mean?

It signals governmental recognition of New Polaris as an advanced gold‑antimony project. According to Canagold, the listing highlights project status and improves visibility to stakeholders and potential investors.

When will Canagold (CRCUF) start the 7,000‑metre drilling program at New Polaris?

The drilling program is scheduled to begin in June 2026. According to Canagold, the fully funded program targets expansion of high‑grade gold‑antimony mineralization near the July 2025 mine plan.

How could antimony affect the New Polaris project economics for CRCUF shareholders?

Antimony could add strategic and commercial value to New Polaris if produced alongside gold. According to Canagold, potential antimony integration may enhance project value given rising global demand for critical minerals.

What did Canagold (CRCUF) say about the feasibility study for New Polaris?

Canagold referenced a feasibility study completed in July 2025 that outlines an initial mine plan. According to Canagold, the upcoming drilling aims to expand mineralization adjacent to that mine plan.

Will the March 16, 2026 update from Canagold (CRCUF) change current resource estimates?

No new resource or reserve figures were disclosed in this update. According to Canagold, the March 16 announcement focuses on map inclusion and the planned 2026 drilling program rather than revised estimates.