Mr. Raymond Van Empel, an investor, reports

EARLY WARNING PRESS RELEASE

This news 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, of Vancouver, B.C., regarding the disposition of securities of Lighthouse Gold Inc. (formerly Alerio Gold Corp.).

On June 23, 2026, Mr. Van Empel sold 16 million common shares of the issuer at a price of 21 cents per share through the facilities of the Canadian Securities Exchange.

Prior to the sale, Mr. Van Empel beneficially owned and controlled: (i) 16,658,500 Shares, representing approximately 10.3 per cent of the 161,505,827 then issued and outstanding shares on an undiluted basis; (ii) 7,375,000 share purchase warrants; and (iii) 150 unsecured convertible notes, each note bearing interest at 5 per cent and being convertible, at the option of the holder, into units of the company at a deemed price of two cents per note unit, with each note unit to be composed of one share and one-half of one share purchase warrant, with each whole warrant exercisable at five cents per share for a period of two years from issuance. Assuming conversion of all warrants held by Mr. Van Empel, all notes held by Mr. Van Empel and all warrants underlying such notes, Mr. Van Empel and Pioneer Garage would have beneficially owned and controlled 35,283,500 shares, representing 19.6 per cent of the 180,130,827 then issued and outstanding shares on a partially diluted basis (assuming conversion of all warrants held by Mr. Van Empel, all notes held by Mr. Van Empel and all warrants underlying such notes).

Following completion of the sale, Mr. Van Empel now beneficially owns and controls holds 658,500 shares, 7,375,000 share purchase warrants and 150 notes, representing approximately 0.4 per cent of the 161,505,827 now issued and outstanding shares on an undiluted bases, and approximately 10.7 per cent of the 180,130,827 now issued and outstanding shares on a partially diluted bases (assuming conversion of all warrants held by Mr. Van Empel, all notes held by Mr. Van Empel and all warrants underlying such notes).

The purpose of the sale was to sell securities for cash.

A copy of the early warning report is available on SEDAR+.