Lode Gold Further Strengthens Engineering, Geological & Permitting Team

Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased that it has added engineering expertise to the Technical Advisory Board for Fremont Gold Mine. Roberto Llovet Vazquez is a mine engineer with in-depth underground mining experience. He specializes in in operating and bringing underground mining projects to production, increasing output, while keeping closes control on costs.

Roberto Llovet Vázquez is a Mine Engineer from the Polytechnic University of Madrid with over a decade of underground mining operations experience, specializing in mine development and cost-efficient mineral exploitation.

He has served as Chief Operating Officer (COO) across multiple underground producing and development-stage operations in Spain, Peru, and Mexico, spanning Cut & Fill, Long Hole, and Room & Pillar mining methods. His track record includes restarting a Buenaventura spin-out silver mine in Peru that had been under care and maintenance for several years. Roberto was instrumental in returning it to profitable production, cutting costs by 50% and scaling output by more than 100% - both within 12 months.

Additionally, he led the rapid advancement of an underground tungsten-gold intrusive project in Spain from Preliminary Economic Assessment (PEA) to Definitive Feasibility Study (DFS) and oversaw operations and development at four producing underground silver mines for Grupo México in Chihuahua, Mexico.

Recently, as COO at Minas de Alquife (Granada, Spain) at the largest iron open pit in Europe and concurrently Minera de Órgiva (Granada, Spain), a polymetallic underground operation, he successfully doubled production while cutting operating costs in half.

As a result of his underground experience Roberto is technically skilled in underground ventilation, blasting design, rock mass support, and metallurgical plant construction.

"Roberto has hands-on experience taking underground mines through the full development cycle - from PEA to feasibility-level engineering to production optimization - which is directly applicable to where we are today at Fremont," said Wendy T. Chan, CEO and Director of Lode Gold. "He has executed underground mining at scale across multiple jurisdictions.

"Roberto adds relevant experience to our current technical team, which includes Bill Fisher, former Chairman of Aurelian, who discovered the Fruta del Norte gold mine in Ecuador - later acquired by Kinross, and now Lundin Gold's flagship asset - and Martin Stratte, who brings experience permitting mines in California, including Equinox's restart of Castle Mountain. We now have a great balance of technical expertise spanning geology, engineering, and permitting as we advance the project in 2027."

The Technical and Permitting Advisory team now includes:

Bill Fisher (Geology) - Bill has as a successful track record, highlighted by notable exits. As CEO in the 1990's, he led the discovery of the large underground mine at Aripuana Brazil, now owned by Nexa. In the late 1990s, Bill served as Vice President of Exploration for Boliden AB, a major European mining and smelting company, where he managed 35 projects across nine countries, six of which were underground. His career highlights include serving as Chairman of Aurelian Resources, which discovered the Fruta del Norte gold deposit in Ecuador, leading to the company's acquisition by Kinross Gold for $1.2 billion in 2008. Bill also helped transformed GlobeStar Mining from an exploration company to an emerging producer, having been instrumental in developing the Cerro de Maimon copper/gold mine in the Dominican Republic, which was completed on time and under budget. This project was sold to Perilya for $186 million.

With over 40 years in the mining industry, Bill is renowned for his expertise in exploration, development, and strategic leadership. His career began in Africa, where he spent a decade working on diamond exploration and mining projects, including significant discoveries of kimberlites in the Congo and contributions to exploration efforts in West Africa.

Until recently, Bill served as Chairman of GoldQuest Mining, overseeing the development of a 3-million-ounce gold discovery in the Dominican Republic. He holds directorships in several mining companies, including Inventus Mining and Churchill Resources, and he previously served as Chairman of Treasury Metals now called (NexGold Mining Corp), which is developing the Goliath Gold Complex in Ontario.

Gary Wong P. Eng (VP Exploration, Engineer) - Gary Wong is a seasoned underground geologist with over 30 years of global experience in mining exploration and production. He began his career with a decade-long tenure at Placer Dome Inc., leading projects from grassroots to feasibility studies. Notable projects include Endako Mine, Las Cristinas, Seabee, Mt. Milligan, and Bulyanhulu, the latter three of which transitioned to underground mining.Gary has worked extensively across Canada, Europe, Latin America, and Africa, adapting to diverse environments from the Arctic to the Tropics.

David Gunning (Mining Engineer) - David has over 35 years of experience, specializing in underground gold mining. He has led key initiatives in mine engineering and geology, as well as corporate management and supervision in his roles as COO, VP, and Director. In addition, David had been a P. Eng and QP ("Qualified Person") and had written and co-authored numerous NI 43-101 technical reports. Most recently, David, as VP Operations of Bluestone Resources, was involved in the completion of the positive feasibility study on the Cerro Blanco project in Guatemala while also having a leadership role at the Guatemala project site. Prior to that, he was the COO and Director for Starcore International Mines, profitably operating the San Martin gold mine in Mexico.

Carlos Saban BSc. (Fremont Project Lead, Geology) - Carlos is an accomplished mining geologist with expertise in mineralized systems, resource development, and mine economics. He brings more than a decade of international exploration experience, having contributed to the discovery and expansion of three world-class mineral deposits across three continents. He began his career in Peru with Buenaventura, where he played a key role in advancing the geological understanding and resource growth of both greenfield and brownfield projects. Throughout his career, Carlos has been involved in the identification, delineation, and geological modelling of several NI 43-101-compliant, multi-million-ounce precious metals projects. Most recently, he contributed to the expansion of the resource at Silver X Mining's Nueva Recuperada silver project, helping grow the resource to more than 250 million ounces of silver.

Jonathan Hill, Fellow AUSIMM, BSc. (Geologist) - Jonathan is the Founder & Principal Advisor of Exploration Outcomes Ltd., with over 35 years of experience leading exploration, project development, and mining operations globally. He has actively directed several world-class gold and copper discoveries across both greenfield and brownfield projects. Jonathan held senior management roles at AngloGold Ashanti, where he spearheaded multi-million-dollar greenfield exploration programs in Brazil and Colombia. Seasoned in governance, exploration strategy, and management, Jonathan currently serves as a Director on the boards of Royal Road Minerals, Lavras Gold, and Avanti Gold, and was previously involved with Jaguar Mining, where he led exploration program as VP Exploration and added material ounces.

Martin Stratte, Esq. (Legal & Permitting) - Marty is a natural resources and project development attorney who helps clients with property transactions, rezonings, and permitting throughout the US, including defense of permits that are challenged in court. He develops land use and environmental permitting strategies based on the local, state, or federal approvals required for development. He often plays the role of quarterback on permitting teams and leads zoning- and land use-related discussions with lead agencies. He handles public hearings before planning and zoning boards and other permitting-related administrative hearings. His combination of permitting experience and first chair trial and appellate court litigation experience enhances his representation of clients through the lifecycle of a project, from planning through development. He is now one of the leading permitting advisors in California mining projects.

About Lode Gold

Lode Gold has key assets in Canada and the United States.

Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, California with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts. Mining halted in 1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when price was gold was $35 per oz. PEA was completed (link) in 2023. The PEA was based on 1.16 Moz at 1.90 g/t Au within 19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a composite cut-off[1]. MRE (link) was updated in 2026; 89% of the ounces were left unmined if we compare historical production with our current Indicated Resource. Average true widths at 1 g/t cut off is 53m. Project sits on > 3,000 acres of 100% owned private and patented land which is designated as OZ, Trump Administration Opportunity Zone (Special Tax Incentives).

Dingman Property is an orogenic deposit in Ontario, Canada with over 22,000 m drilled, with a 2013 PEA, MRE (link to report) : 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, P.Eng., VP Exploration of Lode Gold, designated as a qualified person under National Instrument 43-101.

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; and currency fluctuations.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, business disruptions, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312134

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