Goldcana Resources launches non-brokered private placement

Vancouver, British Columbia--(Newsfile Corp. - September 10, 2026) - Goldcana Resources Inc. (CSE: GC) ("Goldcana" or the "Company") announces the terms of the non-brokered private placement it announced on September 2, 2026 (the "Offering").

The Company intends to complete the Offering on the following basis:

a minimum of 4,000,000 units of the Company (each, a "Unit") and a maximum of 8,000,000 Units, subject to the over subscription option described below;

at a price of $0.25 per Unit; and

for minimum aggregate gross proceeds of $1,000,000 and maximum aggregate gross proceeds of $2,000,000, which may be increased to up to $2,500,000 if the over subscription option is exercised in full.

Each Unit consists of one common share in the capital of the Company (each, a "Share") and one half of one common share purchase warrant. Each whole warrant (a "Warrant") entitles the holder to acquire one additional common share at a price of $0.50 for a period of 24 months from the closing of the Offering. No fractional Warrants will be issued. If, at any time after the expiry of the applicable statutory hold period, the volume weighted average trading price of the common shares on the Canadian Securities Exchange, or such other stock exchange in Canada on which the common shares are then listed, is $1.00 or more for 5 consecutive trading days, the Company may give notice to the holders that the Warrants will expire on the 15th trading day after the date of that notice, unless exercised before that date.

The Company may, at its discretion, accept over subscriptions of up to an additional 2,000,000 Units at the same price of $0.25 per Unit, for additional gross proceeds of up to $500,000. If the over subscription option is exercised in full, the Offering would consist of a maximum of 10,000,000 Units for maximum aggregate gross proceeds of $2,500,000. Any Units issued on exercise of the over subscription option will be issued on the same terms as all other Units, and any additional proceeds will be applied to exploration and advancement of the La Sarre Gold Project and to general working capital and corporate purposes. Exercise of the over subscription option remains subject to acceptance by the Canadian Securities Exchange.

Use of Proceeds

The Company intends to use the gross proceeds of the Offering for the following principal purposes, in the approximate amounts shown, assuming the minimum offering and the maximum offering respectively:

exploration and advancement of the La Sarre Gold Project: approximately $600,000 assuming the minimum offering, and approximately $1,230,000 assuming the maximum offering;

finder's fees: up to approximately $70,000 assuming the minimum offering, and up to approximately $140,000 assuming the maximum offering;

costs of the Offering: approximately $40,000 assuming the minimum offering, and approximately $40,000 assuming the maximum offering; and

general working capital and corporate purposes: approximately $290,000 assuming the minimum offering, and approximately $590,000 assuming the maximum offering.