Lake Victoria Gold Formalizes Tanzanian-Led EPCM Team, Advancing the Fully Permitted Imwelo Gold Project Toward Construction

Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) is pleased to announce that its wholly owned Tanzanian subsidiary, Tembo Gold (T) Limited ("TGTL"), holder of Mining Licence ML 538/2015 over the fully permitted Imwelo Gold Project ("Imwelo" or the "Project") in northwestern Tanzania, has formalized the appointment of City Engineering Company Ltd. ("CECL") as primary Engineering, Procurement and Construction Management ("EPCM") contractor, in association with Sutton Consulting International Limited ("Sutton") as international technical-support partner.

The appointment received approval from the Mining Commission on June 29, 2026 and is structured in accordance with Tanzania's Mining (Local Content) Regulations, 2018.

The approved EPCM structure consolidates engineering and development workstreams already underway at Imwelo under a single Tanzanian-led project delivery framework.

The appointment represents an important execution milestone for LVG as it advances Imwelo through final engineering, procurement planning and construction preparation.

Key Highlights

Tanzania Mining Commission approval received for the EPCM structure in accordance with the country's Mining (Local Content) Regulations, 2018 and its subsequent amendments.

CECL appointed as primary EPCM contractor and commercial lead, providing Tanzanian project leadership, local engineering capability and in-country construction-management support.

Sutton appointed as international technical-support partner, providing specialist engineering review, African mine-development experience and technical support to the EPCM mandate.

Integrated EPCM mandate established to coordinate final detailed engineering, procurement planning, infrastructure design, mine planning support, construction preparation and project management.

Key development workstreams advancing, including tailings and water infrastructure design, geote...