Ms. Wendy Chan reports

LODE GOLD UPDATES US OTC MARKET SYMBOL TO LODFF

Lode Gold Resources Inc. has updated its trading symbol in the United States on OTCQB.

The company's common shares, which were previously traded under the ticker symbol LODFF on the OTCQB, will be traded on the OTCQX under the same symbol LODFF, starting from Dec. 10, 2024. Lode Gold will still be trading on the TSX Venture Exchange in Canada under the symbol LOD.V.

No action is required by current shareholders with respect to the ticker symbol change.

About Lode Gold Resources Inc.

Lode Gold is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and Win projects in Yukon, covering 99.5 square kilometres across a 27-kilometre strike length, are situated in a district-scale, high-grade gold mineralized trend within the southern portion of the Tombstone gold belt. A total of four reduced intrusion-related gold system targets have been confirmed on the property. A National Instrument 43-101 technical report was completed in May, 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian gold joint venture company, consisting of an area that spans 420 square kilometres and a 42-kilometre strike. McIntyre Brook covers 111 square kilometres and a 17-kilometre strike in the emerging Appalachian/Iapetus gold belt. It is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway project. Riley Brook is a 309-square-kilometre package covering a 25-kilometre strike of Wapske formation with its numerous felsic units. An NI 43-101 technical report has been completed in August, 2024.

In the United States, the company is advancing its Fremont gold project. This is a brownfield project with over 43,000 metres drilled and 23 kilometres of underground workings. It was previously mined at eight grams per tonne gold in the 1940s.

Mining was halted in 1942 due to the gold prohibition in the Second World War just as it was ramping up production. Unlike typical brownfield projects that are mined out, only 11 per cent of the veins -- in two out of seven deposits -- have been exploited. The company is the first owner to investigate an underground high-grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa county. The asset is a four-kilometre strike on the prolific 190-kilometre Mother Lode gold belt, California, that produced over 50 million ounces of gold, and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, Calif. The property has year-round road access, and is close to airports and rail.

Previously, in March, 2023, the company completed an NI 43-101 preliminary economic assessment. Project valuation has an after-tax net present value (5 per cent) of $370-million (U.S.) at $2,000 per oz gold, an internal rate of return of 31 per cent and an 11-year life of mine, averaging 118,000 oz per year. At $1,750 per oz gold, NPV (5 per cent) is $217-million. The project hosts an NI 43-101 resource of 1.16 million ounces at 1.90 g/t Au within 19.0 million tonnes indicated and 2.02 Moz at 2.22 g/t Au within 28.3 Mt inferred. The mineral resource estimate evaluates only 1.4 km of the four-kilometre strike of Fremont property. Three stepout holes at depth (up to 1,200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the company's profile on SEDAR+ and the company's website.

Qualified person statement

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, director, BSc (honours) (economic geology -- UCT), FAusIMM, who is a qualified person as defined by NI 43-101.

We seek Safe Harbor.