Sun Valley Announces Overwhelming Shareholder Support for Positive Change at Canagold; Reminds Shareholders to Vote the BLUE Proxy Only

VANCOUVER, British Columbia–(Company WIRE)–Jul 12, 2022–

Sun Valley Investments (“ Solar Valley ”), a strategic and prolonged-phrase centered trader of Canagold Means Ltd. (TSX: CCM) (“ Canagold ” or the “ Business ”), many thanks Canagold shareholders for the frustrating guidance it has acquired so much and reminds shareholders to vote only the BLUE proxy FOR Sunlight Valley’s nominees prior to the proxy deadline on Thursday, July 14, 2022 at 5:00 p.m. ET.

Mr. Bradford Cooke and the Canagold board of directors (the “ Board ”) have attempted to influence shareholders to dismiss the many years of price destruction, inexplicable investing of shares at Canagold and other companies, empty disclosures and flagrant disregard for very good governance. More than enough is enough.We have heard from quite a few pissed off shareholders who are voting with Solar Valley – sign up for us by voting only the BLUE proxy. By voting the BLUE proxy, Canagold shareholders can mail a clear concept to the Board: it is time to put shareholders’ interest to start with.

The Actual Money that Canagold Deserves

Sunshine Valley has been committed to funding Canagold and we have the economical energy to aid the Enterprise. Despite Mr. Cooke and the Board’s initiatives to mislead shareholders, the point continues to be that Sun Valley has supplied CAD $7.6 million in fairness to the Organization at a top quality to industry price ranges – a 20% high quality previously mentioned sector rate or a 60% premium on a move-through foundation.

As this kind of, we stand ready to supply Canagold with the funds important to help you save New Polaris from the 28-12 months hiatus at the arms of Mr. Cooke and ultimately advance it. The capital would also maintain Canagold from getting on a second royalty that would even more damage shareholder worth, and assist Canagold by way of the 2022 drilling year, conserving Canagold from likely into an unavoidable hibernation less than the present leadership.

The True Approach that Canagold Justifies

Contrary to Canagold’s non-existent approach, Solar Valley’s strategic system is focused on offering outcomes that is on time and on price range. Our purpose is to salvage this year’s drilling time and recommence drilling at New Polaris so that a mine could be constructed.

The 3-stage approach under outlines our program for New Polaris:

Stage 1	Quit all royalty discussions, as a result putting an stop to shareholder value destruction Introduce a credible financing option to fund the operation of Canagold and the undertaking
Stage 2	Tender a feasibility study with a see to an 18-thirty day period completion timeline Begin the allowing process in the next quarter of 2023
Stage 3	Carry on drilling in 2022/2023 to develop the Firm’s useful resource foundation and change present inferred mineral means into indicated mineral methods

Solar Valley has a observe file of achievements when it will come to acquiring assets from exploration to output.

Like all shareholders, Solar Valley thinks in the possible of New Polaris, and only by progressing it in a well timed vogue will it deliver price to all shareholders. We believe that the feasibility study will result in a steadily raising share price tag.

The True Leadership that Canagold Deserves

Canagold stated that the Organization “requires an impartial and expert Board” – and we agree. Sun Valley’s extremely knowledgeable and experienced director nominees, Dr. Carmen Letton, Ms. Sofia Bianchi and Mr. Andrew Trow, would present refreshed views, specialized working experience, and most importantly, the much-essential governance and independent oversight to change Canagold close to.

It is time to preserve your investment decision and push play on a organization that has been set on pause for 35 years. After elected, our unbiased administrators will set Canagold on the right route. Our director nominees are highly regarded marketplace leaders with the related experience in metals and mining, operations and enterprise advancement, and company finance, and are the very best candidates to flip Canagold close to, produce benefits and direct us to the lengthy-awaited New Canagold.

VOTE ONLY THE BLUE PROXY

Time is working out. Vote now for the New Canagold. As announced on July 7, 2022, ISS suggests Canagold shareholders vote FOR change working with Sun Valley’s BLUE proxy only.

Make sure you vote ahead of the proxy voting deadline on Thursday, July 14, 2022 at 5:00 p.m. ET. If you have thoughts or will need assistance voting, contact Kingsdale Advisors at 1-888-213-0093 or at [email protected]

Advisors

Kingsdale Advisors is performing as strategic shareholder and communications advisor to Sunshine Valley. McMillan LLP is acting as authorized counsel to Sunlight Valley.

About Sun Valley

Sun Valley is a personal equity agency focussed on the precious metals business with portfolio firms and branch offices in the Americas, Europe and Asia. Sun Valley seeks to devote in sustainable progress jobs and operations with growth opportunity, minimal money costs of production, or the functioning versatility to insulate in opposition to volatility in the commodity marketplaces.

Cautionary Assertion Regarding Forward-Looking Statements

This push release consists of forward-hunting information and facts inside of the that means of relevant securities legal guidelines. In basic, forward-looking information and facts refers to disclosure about potential disorders, courses of action, and occasions. All statements contained in this push launch that are not clearly historical in nature or that automatically depend on long term events are ahead-searching, and the use of any of the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “will”, “would”, and very similar expressions are supposed to establish forward-searching statements. These statements are centered on latest expectations of Sun Valley and now readily available details. Ahead-searching statements are not assures of foreseeable future efficiency, include certain threats and uncertainties that are tricky to predict, and are dependent on assumptions as to long run functions that may not demonstrate to be precise. Sun Valley undertakes no obligation to update publicly or revise any forward-seeking statements, irrespective of whether as a end result of new info, foreseeable future situations, or usually, apart from as essential by relevant securities laws.

Disclaimer

The info contained or referenced herein is for info purposes only in purchase to provide the views of Sunlight Valley and the matters which Sun Valley thinks to be of problem to shareholders explained herein. The information is not customized to specific expenditure goals, the financial predicaments, suitability, or unique want of any unique human being(s) who could obtain the information, and really should not be taken as tips in thinking of the merits of any expense decision. The sights expressed herein symbolize the views and views of Sunshine Valley, whose views may modify at any time and which are based on analyses of Sun Valley and its advisors.

Look at supply variation on businesswire.com:https://www.businesswire.com/news/property/20220712005981/en/

Contact: Sunshine Valley:

Daniel Henao

Lover / VP Small business Growth

Telephone: 6042607046

E mail:[email protected]

Kingsdale Advisors:

Tom Graham

Executive Vice President, Western Canada

Direct: 587-330-1924

E-mail:[email protected]

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