Mr. Arnold Kondrat reports

LONCOR GOLD ANNOUNCES THAT COURT GRANTS FINAL ORDER TO LONCOR GOLD APPROVING ARRANGEMENT WITH CHENGTUN MINING

Loncor Gold Inc. has won final approval from the Ontario Superior Court of Justice (commercial list) for the previously announced plan of arrangement, pursuant to which Chengtun Gold Ontario Inc., a wholly owned subsidiary of Chengtun Mining Group Co., Ltd. (SSE: 600711), will acquire all of the issued and outstanding common shares of Loncor, as previously announced by Loncor on Oct. 14, 2025.

Closing of the arrangement remains subject to the satisfaction or waiver of the remaining conditions to closing contained in the arrangement agreement entered into by the company and the purchaser dated Oct. 14, 2025. The company will provide further updates related to the arrangement as they become available.

Further details regarding the arrangement are provided in the company's information circular prepared in connection with the meeting of shareholders of the company held on Dec. 11, 2025, which is available on the company's SEDAR+ profile and on EDGAR.

About Loncor Gold Inc.

Loncor is a Canadian gold exploration company focused on the Ngayu greenstone gold belt in the northeast of the Democratic Republic of the Congo.

About Chengtun Mining Group

Chengtun Mining specializes in developing new energy metal resources. The company's core operations include mining and refining of energy metals and base metals, with strategic focus on copper, cobalt, nickel for new energy batteries. The company has also identified gold and other precious metals as a key strategic business area for future development.

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