 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC ACCESSWIRE September 24, 2021 Canagold Resources Ltd. TSX:CCMOTCQB:CRCUFFrankfurt:CANA Canagold or the Company is pleased to announce that it has entered into a letter agreement the Agreement with Red Cloud Securities Inc. Red Cloud or the Agent to act as sole agent and bookrunner in connection with a fully marketed, private placement the Offering for gross proceeds of up to C5,000,000 from the sale of any combination of the following: common shares of the Company to be issued as flow-through shares within the meaning of the Income Tax Act Canada each, a FT Share at a price of C0.50 per FT Share; and flow-through units of the Company sold to charitable buyers each, a Charity FT Unit, and collectively with the FT Shares, the Offered Securities at a price of C0.62 per Charity FT Unit. 