Canadian GoldCamps Announces Non-Brokered Private Placement of up to $2 Million

Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at a price of $0.25 per share for a period of 24 months from the date of issuance.

The Company may accelerate the expiry date of the Warrants, at its discretion, if the closing price of the Company's common shares on the Canadian Securities Exchange (the "CSE") is equal to or greater than $0.75 for a period of five (5) consecutive trading days. In such event, the Company may provide notice to the holders of the Warrants that the expiry date of the Warrants will be accelerated to a date that is 30 days from the date of such notice. Any Warrants not exercised prior to the accelerated expiry date will automatically expire.

The net proceeds from the financing will be used to advance exploration activities on the Company's mineral projects currently under option, including geological work, target development and related exploration programs. A portion of the proceeds may also be allocated to general and administrative expenses and working capital.

The Offering may close in one or more tranches and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval of the CSE. The Company may pay finder's fees and/or issue finder's warrants in connection with the Offering in accordance with applicable securities laws and CSE policies.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

United States Securities Law Disclosure

The securities issued under the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

ON BEHALF OF THE BOARD OF DIRECTORS

George Yordanov

George Yordanov
President and CEO

Telephone: 604-687-2038

About Canadian GoldCamps Corp.

Canadian GoldCamps Corp. is a project generator, explorer and developer focused on gold opportunities in Canada. The Company's strategy is to acquire and advance high-quality assets and progress them through disciplined, technically driven exploration

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Forward-Looking Statements

This news release contains certain "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plans", "expects", "intends", "anticipates", "believes", "estimates", "may", "will", "potential", "proposed", and similar expressions, or statements that certain events or conditions "may", "could", "would", or "might" occur.

Forward-looking statements in this news release include, but are not limited to, statements regarding: the completion of the Offering; the anticipated gross proceeds of the Offering; the timing and ability of the Company to close the Offering, including the closing of one or more tranches; the intended use of proceeds from the Offering; the potential payment of finder's fees or issuance of finder's warrants; and the receipt of all necessary approvals, including approval of the Canadian Securities Exchange.

Forward-looking statements are based on management's current expectations and assumptions, including, without limitation, that the Company will be able to successfully complete the Offering on the terms described herein, obtain all necessary regulatory approvals, and utilize the proceeds of the Offering as currently anticipated.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such risks and uncertainties include, but are not limited to: the risk that the Offering may not be completed as currently contemplated or at all; the risk that regulatory approvals, including approval of the Canadian Securities Exchange, may not be obtained in a timely manner or at all; market conditions and investor demand for securities of the Company; and general economic, market, and financing conditions.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct, and actual results and future events could differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update or revise them, except as required by applicable law.

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