Early Warning Press Release

• An early warning report filed by Raymond Van Empel discloses the sale of 16,000,000 common shares of Lighthouse Gold Inc. at $0.21 per share on June 23, 2026, via the Canadian Securities Exchange.
• The transaction reduced Van Empel’s undiluted ownership from approximately 10.3% (16,658,500 shares) to 0.4% (658,500 shares) of the 161,505,827 outstanding common shares.
• Van Empel retains 7,375,000 warrants and 150 unsecured convertible notes. If fully converted, his partially diluted ownership could reach ~10.7%, but the immediate disposition of nearly the entire common share position is the key signal.
• The filing cites the purpose as “sale of securities for cash,” with no indication of ongoing affiliation or strategic exit.

• This is a material negative event. A significant insider (previously a >10% holder) liquidated virtually his entire common equity stake in a single block trade at $0.21, just days after the stock spiked from ~$0.14 to $0.25 on the back of the Mariwa property LOI (June 15). The sale price was a modest discount to the June 23 close of $0.23, suggesting urgency to monetize at a favorable price.
• The timing—immediately after a speculation-driven rally and at a multi-year high—strongly implies a lack of confidence in the company’s near-term prospects or valuation. For a junior explorer with no revenue, negative equity, and continuous need for capital, an insider’s rush to the exit is a red flag that could erode retail and institutional trust.
• The stock is likely to face selling pressure as the market digests this signal. The insider’s remaining warrants and convertible notes (with a conversion price as low as $0.02 in the case of the notes) do not offset the psychological impact of the common share dump.

• Lighthouse Gold Inc. is a Canadian-listed junior gold exploration company focused entirely on the Guiana Shield in Guyana. It holds an option on the Aurora NW Project (~1,942 ha, near the Aurora Gold Mine) and recently signed a binding LOI to acquire the Mariwa/Sardine Hill-Lower Cuyuni gold property (~3,240 acres in the Oko district). The company is pre-revenue, with no operating mines or mineral resources. Its value rests solely on exploration success.