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EARLY WARNING PRESS RELEASE

This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers.

Vancouver, BC, Canada - February 9, 2026. This press release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report by Raymond Van Empel ("Van Empel") regarding the acquisition and disposition of securities of Lighthouse Gold Inc. (formerly Alerio Gold Corp.) (the "Issuer").

On January 21, 2026, Van Empel disposed (the "January 21 Sale") of 153,500 common shares ("Shares") of the Issuer at prices of between $0.10 and $0.105 through the facilities of the Canadian Securities Exchange (the "CSE") and, on January 22, 2026, Van Empel disposed (the "January 22 Sale") of 131,000 Shares at prices of between $0.10 and $0.105 through the facilities of the CSE. On January 29, 2026, Van Empel disposed (the "January 29, Sale" and together with the January 21 Sale and January 22 Sale, the "January Sales") of 150,000 shares at a price of $0.10 though the facilities of the CSE.

On June 30, 2025, the Issuer and Van Empel also settled $150,000 in debt owing to Van Empel by the Issuer through the issuance to Van Empel an aggregate 7,500,000 Units (the "Debt Settlement Units") of the Issuer. Each Debt Settlement Unit was composed of one (1) Share and one-half of one (1/2) Share purchase warrant, each warrant entitling Van Empel to purchase one (1) Share at a price of $0.05 for a period of two (2) years from issuance.

The issuance of the Debt Settlement Units on June 30, 2025 was not reflected in Van Empel's previous Form 62-103F1 filing dated June 30, 2025 due to an oversight.

Prior to the acquisition of Debt Settlement Units, Van Empel and Pioneer Garage Limited ("Pioneer Garage"), a company controlled by Van Empel, together beneficially owned and controlled (i) 21,421,500 Shares, representing 17.0% of the 125,780,827 then outstanding Shares of the Issuer, (ii) 3,625,000 Share purchase warrants and (iii) 150 unsecured convertible notes (the "Notes"), each Note bearing 5% interest and convertible, at the option of the holder, into units ("Note Units") of the Company at a deemed price of $0.02 per Note Unit, with each Note Unit to be composed of one (1) Share and one-half of one (1/2) Share purchase warrant, with each whole warrant exercisable at $0.05 per Share for a period of two (2) years from issuance. Assuming conversion of all warrants held by Van Empel, all Notes held by Van Empel and all warrants underlying such Notes, Van Empel and Pioneer Garage would have beneficially owned and controlled 36,296,500 Shares, representing 25.8% of the 140,655,827 outstanding Shares on a partially diluted basis.

Following of the issuance of the Debt Settlement Units and completion of the January Sales, Van Empel now holds 28,487,000 Shares and 7,375,000 Share purchase warrants and 150 Notes, representing approximately 17.7% of the 160,980,827 now issued and outstanding Shares on an undiluted basis and 26.2% of the 179,605,827 now outstanding issued and outstanding Shares on a partially diluted basis (assuming conversion of all warrants held by Van Empel, all Notes held by Van Empel and all warrants underlying such Notes).

The Debt Settlement Units were acquired in connection with a debt settlement transaction, and the purpose of the January Sales was to sell securities for cash.

A copy of the early warning report is available on www.sedarplus.ca.

The name and address of the "Acquiror" filing the report is:

Raymond Van Empel

Vancouver, BC