Lode Gold arranges $7-million private placement

Ms. Wendy Chan reports LODE GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF $7 MILLION FINANCING WITH FOLLOW-ON INVESTMENT FROM LEAD INVESTOR COAST CAPITAL Lode Gold Resources Inc. has arranged a non-brokered financing for up to $7-million by issuance of up to 25,925,926 units at 27 cents per unit. Coast Capital LLC, a leading natural resource investment firm based in New York, an insider and a major shareholder currently at over 18 per cent, will participate in the offering to maintain and increase its holding up to approximately 19.9 per cent postoffering closing. Each 27-cent unit shall consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one additional share at an exercise price of 45 cents per share for a period of three years following the date of issuance. The company may accelerate the expiry date if the shares trade at 80 cents or greater for a period of 10 consecutive days. Proceeds from the offering will be used to advance technical work at the Fremont gold mine, strengthen the balance sheet and provide general working capital. Specifically relating to Fremont, the focus of technical work will include the coming drill program in support of a preliminary feasibility study, metallurgical, geotechnical and rock mechanic studies, and engineering. An initial mine plan will be developed to initiate environmental and permitting work later this year. Lode Gold may pay finders' fees to eligible arm's-length parties with respect to subscriptions accepted by the company. About Lode Gold Resources Inc. Lode Gold has key assets in Canada and the United States. The Fremont gold mine project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, Calif., with 43,000 metres drilled, 10,000 underground channel samples, 14 adits and two shafts. Mining halted in 1942 due to the gold mining prohibition during the Second World War. It was mined at 10.7 grams per tonne when the price of gold was $35 per ounce. A preliminary economic assessment was completed in 2023. The PEA was based on 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 Mt inferred with a composite cut-off. A mineral resource estimate was updated in 2026; 89 per cent of the ounces were left unmined if the company compares historical production with its current indicated resource. Average true widths at one g/t cut-off are 53 m. The project sits on greater than 3,000 acres of 100-per-cent-owned private and patented land, which is designated as OZ Trump administration opportunity zone (special tax incentives). The Dingman property is an orogenic deposit in Ontario, Canada, with over 22,000 m drilled, with a 2013 PEA and MRE: 376,000 oz at 0.94 g/t within 12.5 Mt measured and indicated and 47,000 oz at 0.71 g/t within 2.1 Mt inferred. Qualified person The technical information contained in this press release was reviewed and approved by Gary Wong, PEng, vice-president, exploration, of Lode Gold, designated as a qualified person under National Instrument 43-101. We seek Safe Harbor.