Ms. Wendy Chan reports
LODE GOLD ANNOUNCES SEMI-ANNUAL FINANCIAL REPORTING (SAR) ADOPTION
Lode Gold Resources Inc. has adopted semi-annual financial reporting ("SAR"). This news release is being issued and filed pursuant to Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
CBO 51-933 is a pilot program that permits eligible venture issuers to voluntarily move from quarterly to a semi-annual financial reporting framework. The company has determined that it meets the eligibility criteria. By adopting SAR, Lode Gold aims to reduce the disproportionate administrative and financial burden associated with quarterly reporting that will allow management to optimally focus time and financial resources toward advancing the company's exploration and development projects and other business objectives.
As a result of adopting SAR, the company will not file interim financial statements and related management discussion and analysis (MD&A) for the three-month period ending March 31 and the nine-month period ending Sept. 30 of each applicable fiscal year. Lode Gold will continue to file audited annual financial statements (due within 120 days of Dec. 31) and six-month interim financial reports and related MD&A (due within 60 days of June 30). Should the company cease to continue participating in the SAR pilot program, it will announce it in a future news release.
The company remains committed to timely and transparent disclosure and will continue to provide timely disclosure regarding exploration progress, corporate developments and other material information in accordance with Canadian securities regulations.
About Lode Gold Resources Inc.
Lode Gold has key assets in Canada and the United States.
The Fremont gold mine project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, Calif., with 43,000 metres drilled, 10,000 underground channel samples, 14 adits and two shafts. Mining halted in 1942 due to the 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. A PEA (preliminary economic assessment) was completed in 2023. The PEA was based on 1.16 million ounces at 1.90 grams per tonne gold within 19.0 million tonnes indicated and 2.02 million ounces at 2.22 grams per tonne gold within 28 million tonnes inferred with a composite cut-off. An MRE (mineral resource estimate) was updated in 2025; 92 per cent of the ounces were left unmined. Average true width at one-gram-per-tonne cut-off is 53 metres. 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)).
The Dingman property is an orogenic deposit in Ontario, Canada, with over 22,000 metres drilled, with a 2013 PEA and MRE of 376,000 ounces at 0.94 gram per tonne (measured and indicated) and 47,000 ounces at 0.71 gram per tonne (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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