Lode Gold Completes Full Repayment of Fremont Gold Mine Property Secured Loan Ahead of Schedule

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) is pleased to announce the full repayment of subsidiary Fremont Gold Mining LLC's long-term senior debt ("Secured Loan") secured by the Fremont Gold Mine property ("Fremont Property"), well ahead of the Secured Loan's scheduled maturity in 2028. With the repayment of approximately US$3.6 million of principal and accrued interest, the Fremont Property's pledging as security will be released, and Lode Gold and its subsidiaries will no longer have any loan obligations. In 2021, Lode Gold acquired Fremont Gold Mining LLC (Fremont) by issuing $11 million shares and assumption of senior secured debts. Fremont Gold Mine has 1.11 Moz of gold - 18.8 Mt at 1.84 g/t Au (Measured & indicated) and 1.99 Moz of gold (Inferred) - 33.1 Mt at 1.86 g/t Au. The Fremont Gold Project is a past-producing, high-grade underground gold mine located in Mariposa County, California, at the heart of the historic Mother Lode Gold Belt - a 190-kilometre trend credited with over 50 million ounces of historical gold production. Fremont sits on 3,351 acres of 100% privately owned, patented land, giving the company full control of surface and mineral rights along with existing infrastructure including road access, power, water, and rail proximity. Historically, Fremont was mined at an average grade of 10.7 g/t Au, with production halted in 1942 under wartime gold mining restrictions (War Production Order L-208). The property retains extensive brownfield infrastructure from its operating history, including 43,000 metres of historical drilling, over 10,000 underground channel samples, 14 adits, and 2 shafts. Wendy T. Chan, CEO and Director of the Board, said, "In the last few years, the Lode Gold team has diligently executed the turnaround and growth strategy. Paying off the last senior secured debt is the final step of its turnaround plans. It is an exciting key milestone. We are ready to begin our next chapter - to execute the growth phase of our strategy and plans that will unlock value for shareholders." Current and Near-Term Plans Technical Project Advancement: Initiate engineering studies regarding upcoming Preliminary Feasibility Study - Summer/Fall 2026 Complete infill, metallurgical, rock and geo tech drilling - Summer/Fall 2026 Evaluate nine addition new targets for expansion drilling - Summer/Fall 2026 Evaluate drilling to bring additional non-categorized (NI 43-101 compliant) at least to Inferred Resources - Summer 2026 Identify and drill potential expansion targets - Fall 2026 Develop Initial Mine Plan - Late 2026 Initiate Environment & Permitting work - Late 2026 Complete Internal Scoping Study - Late 2026 Complete PFS (Pending Upcoming Technical and Economics Evaluation) - July 2027 Corporate Development & Growth: Improved balance sheet, paid-off secured debt Strengthen team with additional expertise in Geology, Engineering, ESG and Permitting Expand Investor Outreach - US, Europe and Canada Evaluate spin-out of Ontario Gold Asset ( 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). Previously Technical Project Advancement: Updated Mineral Resource Estimate 2026 (3 of 7 deposits, 43,000 m drilled, 10,000 channel samples) Identified 9 additional new drill targets (not part of current 7 deposits) Completed Internal Scoping Study , updating analysis of 2023 PEA Initiated Underground Access, MSHA Registered Systematically advanced two exploration projects in Yukon and New Brunswick Yukon: Identified several Reduced-Intrusion-Related-Gold-System (RIRGS) and sedimentary hosted orogenic drill targets New Brunswick: Confirmed gold mineralized rhyolites, same geology as adjacent Kinross-Puma asset