McEwen Inc. and Canadian Gold Corp. Announce Letter of Intent

TORONTO and FLIN FLON, Manitoba, July 28, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. (“McEwen”) (NYSE: MUX) (TSX:MUX) and Canadian Gold Corp. (“Canadian Gold”) (TSX-V:CGC) are pleased to announce that they have entered into a binding letter of intent (the "LOI") on July 27, 2025 in respect of a proposed transaction (the "Proposed Transaction"), whereby McEwen would acquire all of the issued and outstanding securities of Canadian Gold by way of plan of arrangement. If the Proposed Transaction is completed, Canadian Gold would become a wholly-owned subsidiary of McEwen.