(2) VANCOUVER, BC / ACCESSWIRE / January 27, 2021 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(FSE:CAN) is pleased to announce the results of the first three drill holes by Getchell Gold Corp. from their maiden six-hole 1,995 metre drill program at the Fondaway Canyon Gold Project in Nevada. (See Figure 1 Fondaway Central Area Plan Map) Getchell can acquire a 100% interest in Fondaway Canyon from Canagold by paying US$4 million in cash payments and share issuances and incurring annual exploration expenditures on the property (See news release of January 7, 2020). Upon exercise of the option Canagold will retain a 2% NSR on the Project. Key Highlights Assay results have been returned for the first three holes from the 2020 drill program at Fondaway (See Table 1 Fondaway 2020 Drill Interval Highlights)