Bradford Cooke’s Pattern of Inexplicable Trading Exposed; Sun Valley Uncovers More Instances where Mr. Cooke Sold Ahead of Dilutive Private Placements, Plus Over 50 Late Insider Reports

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sun Valley Investments (“Sun Valley”), a strategic and long-term focused investor of Canagold Resources Ltd. (TSX: CCM) (“Canagold” or the “Company”), has uncovered a pattern of selling shares prior to private placements and repeated late SEDI filings from Mr. Bradford Cooke, while he was a director at Aztec Minerals Corp. (TSXV: AZT) ("Aztec”) and Sixty Six Capital Inc. (CSE: SIX) (“Sixty Six”). This latest discovery follows Sun Valley’s previous finding of Mr. Cooke’s inexplicable trading activity at Canagold. Shareholders still have not received any answers from Mr. Cooke or the Canagold board of directors (the “Board”).

Aztec Minerals Corp.

Sixty Six Capital Inc.

MR. COOKE HAS BEEN LATE FILING AT LEAST 50 INSIDER REPORTS

What does it say about the Board Chair and Director when he cannot – or will not – with any consistency, comply with one of the most basic and fundamental requirements of securities law?

Mr. Cooke’s filings are not late by days; they are late by months and years, creating major gaps in disclosure. And when questioned on certain of his late filings, Mr. Cooke blamed a former SEDI filing agent. Is this same attitude and level of rigor applied to internal controls in general?

These filings are critical for shareholders to provide a complete picture of their investment. By dismissing proper reporting timelines, Mr. Cooke appears to be sending a clear message to both shareholders and regulators: I do what I want and when I want.

STOP MR. COOKE’S DESTRUCTION OF CANAGOLD: VOTE ONLY THE BLUE PROXY TODAY

Canagold shareholders can change the course of Canagold for the better and get governance on the right track at Canagold.

Sun Valley has the right plan and the resources to turn Canagold around. As announced on July 7, 2022, Institutional Shareholder Services Inc. recommends Canagold shareholders vote FOR change using Sun Valley’s BLUE proxy only.

Don’t wait, voting is fast and easy. Please vote well in advance of the proxy voting deadline of Thursday, July 14, 2022, at 5:00 p.m. ET. If you have questions or need help voting, contact Kingsdale Advisors at 1-888-213-0093 or at contactus@kingsdaleadvisors.com.

Advisors

Kingsdale Advisors is acting as strategic shareholder and communications advisor to Sun Valley. McMillan LLP is acting as legal counsel to Sun Valley.

About Sun Valley

Sun Valley is a private equity firm focussed on the precious metals industry with portfolio companies and branch offices in the Americas, Europe and Asia. Sun Valley seeks to invest in sustainable development projects and operations with growth potential, low cash costs of production, or the operating flexibility to insulate against volatility in the commodity markets.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable securities laws. In general, forward-looking information refers to disclosure about future conditions, courses of action, and events. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the use of any of the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “will”, “would”, and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations of Sun Valley and currently available information. Forward-looking statements are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. Sun Valley undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities legislation.

Disclaimer

The information contained or referenced herein is for information purposes only in order to provide the views of Sun Valley and the matters which Sun Valley believes to be of concern to shareholders described herein. The information is not tailored to specific investment objectives, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of Sun Valley, whose opinions may change at any time and which are based on analyses of Sun Valley and its advisors.

Contacts

Sun Valley:

Daniel Henao

Partner / VP Business Development

Phone: 6042607046

Email: dhenao@sunvalleyinv.com

Kingsdale Advisors:

Tom Graham

Executive Vice President, Western Canada

Direct: 587-330-1924

Email: tgraham@kingsdaleadvisors.com

Media:

Hyunjoo Kim

Vice President, Strategic Communications and Marketing

Direct: 416-867-2357

Email: hkim@kingsdaleadvisors.com