SOURCE: Cangold Limited

gold mining development mexico

December 08, 2014 09:30 ET

Cangold Extends Warrants

VANCOUVER, BC--(Marketwired - December 08, 2014) - CANGOLD LIMITED (TSX VENTURE: CLD) (The "Company") is extending the expiry date of 2,596,000 Series Q share purchase warrants ("Q Warrants") originally issued on July 13, 2011 and 2,404,000 Series R share purchase warrants ("R Warrants") originally issued on August 25, 2011, both set to expire on December 31, 2014, to December 31, 2015.

There is no change in the exercise price of any of the Series Q and R Warrants, which remains at $0.20.

The expiry date extension is subject to the approval of the TSX Venture Exchange.

Cangold Limited is a junior exploration company engaged in the exploration and development of gold projects in Mexico and Canada. The Company's primary focus is advancing the Guadalupe de los Reyes Gold-Silver Project in Sinaloa, Mexico towards the pre-feasibility stage. The Company also owns a 100% interest in the past-producing Argosy Gold Mine in northwestern Ontario and the prospective Plomo Gold Project in Sonora State, Mexico.

ON BEHALF OF THE BOARD

"Kaare G. Foy"

Kaare G. Foy
Executive Chairman

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