Lode Gold recovers 5,000 historical samples at Fremont

Ms. Wendy Chan reports LODE GOLD ADDS 5,000 HISTORICAL CHANNEL SAMPLES TO UPGRADE MINERAL RESOURCE ESTIMATE AT FREMONT GOLD MINE, CALIFORNIA Lode Gold Resources Inc. has successfully recovered more than 5,000 historical underground samples from legacy geological maps and sections at its past-producing Fremont gold mine in Mariposa county, California. It has initiated and is completing analysis on the additional data. This significant milestone increases the company's validated sample database from 3,212 to 8,593 records, substantially enhancing the geological understanding and exploration potential of the project. This is a brownfield project with over 43,000 metres drilled, 23 km of underground workings and 20 adits. The project has excellent infrastructure and is close to electricity, water, roads, railhead and port. Fremont was previously mined at 10.7 grams per tonne Au. During gold mining prohibition in WWII, its mining licence was suspended. Only 8 per cent of the resource identified in the 2025 MRE (mineral resource estimate) has been extracted. This asset has exploration upside and is open at depth (three stepout holes at 1,300 metres hit structure and were mineralized) and on strike. These 5,728 recovered underground samples include transversal and longitudinal channel cuts, short drill holes (five to six feet) from the wall rock, ribs channels in the wall rock and cars (diluted bulk sampling of every five-foot blast in the drifts). These samples were taken from legacy level maps and consist of material collected from historical shafts and stopes, as well as channel and section samples completed in 1986 by the mine's owner at the time. Lode Gold is in process of validating and retesting these samples. A total of 665 daily assay reports from 1936 to 1941, covering both production and exploration, were recovered. These records can be utilized to trace historical samples and to more accurately quantify the grades of the exploited stopes. The newly recovered legacy samples include some areas where no prior data existed, though most overlap with samples that had already been collected. Lode Gold now has between two to six independent data sets for the same zones, allowing the company to cross-check and compare underground data to confirm internal consistency in the analysis, and to validate these samples further with both previous reverse circulation and diamond drill holes. That validation could allow Lode Gold to update the MRE with a higher proportion of measured and indicated resources ratio over inferred resources. A new 3-D model has been completed with the actual location and size of the stopes for improved accuracy, whereas originally, mined out areas were idealized in a planar fashion, Stopes have been adjusted to the drifts shape and location using: level plant sections, cross sections and longitudinal sections, and the intercepts from the drill-holes that were logged as voids or as barren fillings. Jonathan Hill, technical chair of Lode Gold, states: "Lode Gold has worked on achieving a better understanding of the historical data recovered for the Fremont gold mine and is now better positioned to upgrade the current mineral resource estimation with increased certainty." Fremont gold mine (Fremont) Fremont is an advanced exploration and early development brownfield project that was previously mined at 10.7 grams per tonne Au. Gold production halted in 1942 during WWII (World War Two) when gold mining was prohibited. It has been a mine since 1849 as one of the first project that started the California Gold Rush (1848 to 1855), and there has never been a change of use. Fremont has seven deposits on a four-kilometre strike on the prolific 190 km Mother Lode belt -- only two of the seven has seen exploitation. Of the MRE 2025, only 8 per cent has been exploited -- 92 per cent is left to be mined in the upcoming years. It has 42,717.3 m drilled, 8,593 underground channel samples, 23 km of underground workings, 20 adits, 16 levels and 5 shafts. It sits on 3,351 acres of patented private land with 100-per-cent ownership of surface and mineral rights. It has road access, electricity and is close to rail and airport (1.5 hours from Fresno, Calif.). 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, Lode Gold holds exploration properties in the Yukon and New Brunswick. Lode Gold's Yukon assets are located on the southern portion of the prolific Tombstone belt and cover approximately 99.5 square kilometres across a 27 km strike. Over 4,500 m have been drilled on the Yukon properties with confirmed gold endowment and economic drill intercepts over 50 metres. Four reduced-intrusive targets (RIRGS) and sedimentary-hosted orogenic gold mineralization have been identified on the Yukon properties. In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd., has created one of the largest land packages in the province with its Acadian Gold joint venture Acadian Gold's holdings span 445 square km with 44 km of identified strike. It has confirmed gold endowment with mineralized rhyolites. In the United States, the company is focused on its advanced exploration and development asset, the Fremont mine in Mariposa, Calif. It has a recent 2025 National Instrument 43-101 report and mineral resource estimate (MRE) that can be accessed on the company's website. The Fremont mine operated until a gold mining prohibition was enacted during WWII, when its mining licence was suspended. This asset has exploration upside and is open at depth (three stepout holes at 1,300 metres hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 metres drilled, 23 kilometres of underground workings and 20 adits. The project has excellent infrastructure with close access to electricity, water, state highways, railheads and port. The company recently completed an internal scoping study evaluating the potential to resume operations at Fremont based on 100-per-cent underground mining. Previously, in March, 2023, the company completed a preliminary economic assessment (PEA) in accordance with National Instrument 43-101 which evaluated a mix of open pit and underground mining. The PEA and other technical reports prepared on the company's properties are available on the company's profile on SEDAR+ and the company's website. Qualified person The technical information contained in this press release was reviewed and approved by Gary Wong, PEng, vice-president of exploration of Lode Gold Resources, designated as a qualified person under National Instrument 43-101. We seek Safe Harbor.