Canagold Resources Ltd. announced that Mr. Scott Eldridge has resigned from the position of Canagold CEO and Director as of August 02, 2022. Following the completion of an executive search, the Company's board of directors has unanimously approved the appointment of Mr. Catalin Kilofliski as Canagold Chief Executive Officer effective August 03, 2022. Catalin Kilofliski, Chief Executive Officer Mr. Kilofliski has over 25 years of executive leadership experience and a track record of creating significant shareholder value for various mining companies.

One of his most recent accomplishments, was during 2020 when he helped grow TSX.V listed Tudor Gold Corp. from $30 million to over $500 million in market capitalization. In the last decade, he has helped raise over $300 million in equity, debt and JV capital.

Mr. Kilofliski has an intimate knowledge of Canagold and the New Polaris project as he was Canagold's CEO from 2014 to 2018. Under his leadership, Canagold was named one of the top 100 companies in BC, by BC Business.