Sun Valley Investments AG Announces Acquisition of Securities of Canagold Resources Inc.

VANCOUVER, British Columbia--(BUSINESS WIRE)--This news release is related to the common shares of Canagold Resources Ltd. (“Canagold” or the “Company”) (TSX: CCM). Sun Valley Investments AG, a Private Investment Firm (the “Acquiror”), and a related party, Goldlogic Corp. (“Goldlogic”), announce the acquisition of 2,325,581 flow-through shares of the Company (each a “FT Share”) that qualify as flow-through shares for the purposes of the Income Tax Act (Canada) at a price of CAD$0.43 per FT Share, and 2,564,103 regular common shares (each an “NFT Share”) at a price of CAD$0.39 per NFT Share. A total of 4,889,684 common shares were acquired for a total subscription price of approximately CAD$2,000,000 as part of the private placement. The private placement closed on August 18, 2025.

Immediately prior to the Private Placement, the Acquiror owned and/or had control over an aggregate of 88,638,133 Common Shares, representing approximately 48.16% of the issued and outstanding Common Shares of the Company on an undiluted basis. Following completion of the Private Placement, the Acquiror owns and/or has control over an aggregate of 93,527,817 Common Shares, representing approximately 48.25% of the issued and outstanding Common Shares on an undiluted basis.

76,050,880 of the Shares are held directly by the Acquiror, representing 39.23% of the issued and outstanding and 17,476,937 Shares are held indirectly through Goldlogic, representing 9.02% of the issued and outstanding.

The Acquiror has acquired the Shares for investment purposes under an exemption provided under National Instrument 45-106 – Prospectus Exemptions. In the future, the Acquiror may, depending on market and other conditions, increase or decrease its ownership of the Company’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

Canagold’s head office is located at Suite 1250, 625 Howe Street, Vancouver, BC, Canada V6C 2T6.

The Acquiror’s head office is located in Bahnhofplatz 6300, Zug, Switzerland.

About Sun Valley

Sun Valley is a private investment firm focused on the metals and mining industry with portfolio companies and branch offices in the Americas, Europe and Asia. Sun Valley's senior leadership team has several decades of experience in mining and investment companies and combines investment skills across diverse asset classes with hands-on experience at both senior and junior companies in the precious metals mining and refining industry. The firm finances the entire precious metals supply chain: mineral exploration, mine construction, production, processing and refining.