Canadian Gold announces the completion of the second tranche closing of its private placement offering, for gross proceeds of $1,729,997. Together with the first tranche closing, the Company has raised an aggregate $2,356,750 to date. The Company anticipates a third and final tranche closing, which will increase the offering from $2,225,000, as announced on October 18, 2023, to $2,557,000. The second tranche closing resulted in the issuance of: (i) 7,305,105 flow through shares at a price of $0.205 for gross proceeds of $1,497,546; and (ii) 1,660,362 Units at a price of $0.14 per Unit, for gross proceeds of $232,451. Each Unit is comprised of one common share and one purchase warrant entitling the holder to acquire one additional common share at a price of $0.215 per share for 18 months.