Mr. Simon Benstead reports

LAKE VICTORIA GOLD TO ISSUE SHARES TO PAY DEBENTURE INTEREST

Under the terms of the $750,000 of convertible debentures issued on July 26, 2024, and Aug. 8, 2024, Lake Victoria Gold Ltd. has elected to satisfy its obligation to pay an aggregate of $44,630 in interest accrued on the convertible debentures up to June 30, 2025, by issuing to such debentureholders an aggregate of 228,872 common shares in the capital of the company at a price of 19.5 cents per share, as determined in accordance with the debenture terms.

The issuance of the shares is subject to the approval of the TSX Venture Exchange.

The company is also pleased to confirm that, further to news release of May 1, 2025, the exclusivity period under the May 1, 2025, letter of intent with Nyati Resources (T) Ltd. has been extended by an additional 45 days to allow both parties to complete due diligence and finalize definitive joint venture agreements.

About Lake Victoria Gold Ltd.

Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX-V under the symbol LVG. Leveraging its unique position and experience, the company is principally focused on growth and consolidation in the highly prolific and prospective Lake Victoria goldfield in Tanzania.

The company has a 100-per-cent interest in the Tembo project, which has over 50,000 metres of drilling and is located adjacent to Barrick's Bulyanhulu mine. The company also holds a 100-per-cent interest in the Imwelo project, which is a fully permitted gold project west of AngloGold Ashanti's Geita gold mine. With historical resource estimates and a 2021 prefeasibility study, the project is fully permitted for mine construction and production, positioning it as a near-term development opportunity.

Lake Victoria Gold has assembled a highly experienced team with a record of developing, financing and operating mining projects in Africa, with management, directors and partners owning more than 60 per cent of the shares. Notably, the company is grateful for the validation that comes with the support and equity investment from Barrick and a recent strategic partnership with Taifa Group.

We seek Safe Harbor.