Ms. Wendy Chan reports

LODE GOLD INITIATES PERMIT PROCESS FOR SURFACE DRILLING AT FREMONT GOLD MINE

Lode Gold Resources Inc. is continuing advancement of the Fremont gold mine project with the engagement of an experienced San Francisco-based legal and permitting advisory group, that has successfully permitted other projects in California, to support the permitting process in Mariposa county for the imminent drill program at Fremont.

The permit application will seek authorization to complete a program of 10 surface drill holes at a total of about 1,500 metres. These drill holes are intended to support technical work required in advance of a planned prefeasibility study (PFS).

The proposed drilling program is designed to collect representative material for updated metallurgical testwork and to obtain geotechnical data necessary to advance a rock mechanics study within the mineralized zone. This information will be used to better characterize rock quality, structural conditions and ground support requirements, with a focus on areas of the deposit that may be suitable for earlier-stage underground development, as well as optimization of mine plans.

The company notes that the proposed drilling is focused on technical validation rather than resource expansion, and is intended to derisk key engineering parameters for underground mine design as Fremont is advanced toward the PFS stage.

Corporate update

Lode Gold, 1475039 BC Ltd. and one of its business partners are in disagreement over certain contractual terms. A notice of claim has been filed by the business partner seeking compensation. Based on its review of the factual circumstances, Lode Gold believes it has met its contractual obligations. Lode Gold has retained legal counsel to respond appropriately.

About Lode Gold Resources Inc.

Lode Gold has key assets in Canada and United States.

Fremont gold mine project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, Calif., with 43,000 metres drilled, 8,000 channel samples, 14 adits and two shafts. Mining halted in 1942 due to a gold mining prohibition during the Second World War. It was mined at 10.7 grams per tonne when price was gold was $35 per ounce. PEA (preliminary economic assessment) was completed in 2023. The PEA was based on one million oz (M&I (measured and indicated)) and two million (inferred). MRE (mineral resource estimate) was updated in 2025; 92 per cent of the ounces were left unmined. Average true widths at one gram per tonne cut-off is 53 m. Project sits on greater than 3,000 acres of 100-per-cent-owned private and patented land which is designated as OZ, Trump Administration Opportunity Zone (Special Tax Incentives).

Dingman property is an orogenic deposit in Ontario, Canada, with over 22,000 m drilled, and a 2013 PEA, MRE: 376,000 oz (M&I) and 47,000 oz (inferred).

Qualified person

The technical information contained in this press release was reviewed and approved by Gary Wong, PEng, vice-president, exploration, of Lode Gold, designated as a qualified person under National Instrument 43-101.

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