Lancaster Completes Title Transfer for 100% of the Lake Cargelligo Gold Project

Executive Summary

• Lancaster Resources completed the title transfer for 100 % of the Lake Cargelligo Gold Project in New South Wales, Australia.
• The project now sits under a wholly‑owned Australian subsidiary, Lancaster Gold Australia Pty Ltd., effective November 17 2025.
• The property comprises ~62,300 ha (28,768 ha under Exploration License 9775 and an additional 33,400 ha pending approval for ELA 6970).

Key Details

• Title Transfer: 100 % of the Lake Cargelligo Gold Project’s mineral claim title transferred to Lancaster Gold Australia Pty Ltd., a wholly‑owned subsidiary.
• Effective Date: November 17 2025.
• Project Size: Approximately 62,300 ha total; EL 9775 covers 28,768 ha; pending ELA 6970 adds 33,400 ha.
• Location: Cobar mining district, New South Wales, Australia – a historically high‑grade gold and silver region.
• Historical Data: Prior rock chip, channel sampling, and drilling indicate multiple high‑grade occurrences; results are historical and not yet verified by a Qualified Person under NI 43‑101.
• Regulatory Status: EL 9775 is fully approved; ELA 6970 has been submitted and awaits final state approval.
• Qualified Person: Andrew Watson, P.Eng., President & CEO (also a Director), reviewed and approved the scientific and technical information.

Notable Quotes

(No direct quotes were provided in the release.)