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Canada Gold is a Canadian gold exploration and development company focused on the newly optioned Northern Arm Gold project located within the Hemlo Greenstone Belt in north central Ontario, approximately 10 kilometers north of Barrick Gold Corporation’s Hemlo deposit. The original Hemlo deposit was discovered in 1981 and the Hemlo Mines have since produced more than 20 million ounces of gold while 250,000 ounces of gold are currently being produced per annum. Strong potential exists for additional discoveries in the Hemlo region, though limited exploration has occurred in the area despite having very similar geology to the Hemlo Mines deposits. The Northern Arm Property straddles approximately 90% of a 40 kilometer long, gold prospective geological trend that has yet to be systematically explored. The Company is currently planning an aggressive 2013 exploration program for the property.