Canagold Resources Ltd. (CRCUF)

[ThSeeker]

TSX: CCM| OTC: CRCUF

New Polaris –Robust PEA

Scheduled Resources1,686,000 tonnes Indicated & 1,483,000 tonnes Inferred

Grade10.3 grams per tonne (diluted 20%)

Production Rate 750 tonnes per day
Recoveries 90.5%
Output 80,000 oz gold per annum into dore bars
Minelife 8.7 years
Gold Price US$1,500 per oz
Exchange Rate US$ 1.00 = CA$ 1.40
Capital Cost US$ 111 million
Cash Cost/AISCUS $400 / US$510
After TaxCash Flow (LoM)CA$ 664 million
NPV (5%)CA$ 469million
NPV(8%)CA$383 million
- Internal Rate of Return
Pre Tax 68%
After Tax 56%
Payback Period 1.7 years 1.9 years