Mr. Simon Benstead reports

LAKE VICTORIA GOLD ISSUES SHARES TO PAY DEBENTURE INTEREST

Lake Victoria Gold Ltd., further to its news release dated Jan. 5, 2025, having received TSX Venture Exchange approval, has issued to debentureholders an aggregate of 148,885 common shares in the capital of the company at a price of 30 cents per share, as determined in accordance with the terms of the $750,000 of convertible debentures issued on July 26, 2024, and Aug. 8, 2024. The issuance of shares satisfies the company's obligation to pay an aggregate of $44,665.64 in interest accrued on the convertible debentures up to Dec. 31, 2025.

About Lake Victoria Gold Ltd.

Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX Venture Exchange 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 thousand 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 recent strategic partnership with Taifa Group.

We seek Safe Harbor.