Lake Victoria Gold Announces Maiden Mineral Resource at Tembo of 480,100 Inferred and 99,700 Indicated Ounces, Adjacent to Barrick's Bulyanhulu Mine

Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to announce the maiden National Instrument 43-101 ("NI 43-101") Mineral Resource Estimate ("MRE") for its 100%-owned Tembo Gold Project ("Tembo" or the "Project") in northwestern Tanzania, immediately adjacent to Barrick's Bulyanhulu Mine.

The MRE comprises an Inferred Mineral Resource of 13.33 Mt at 1.12 g/t gold containing 480,100 ounces and an Indicated Mineral Resource of 2.69 Mt at 1.16 g/t gold containing 99,700 ounces across three near-surface deposits.

At a 1.00 g/t cut-off, the MRE retains an Inferred Mineral Resource of 4.79 Mt at 2.15 g/t gold containing 331,700 ounces and an Indicated Mineral Resource of 1.07 Mt at 2.00 g/t gold containing 68,600 ounces, demonstrating a meaningful higher-grade component.

Ngula 1 hosts approximately 56% of the Project's Inferred ounces and 63% of its Indicated ounces and will be the initial focus of the Company's planned close-spaced drilling, resource conversion and future mine-planning work.

In parallel, LVG continues to advance its previously announced toll-milling initiative with Nyati Resources (T) Limited as a potential capital-efficient route for processing near-surface material from Ngula 1.

The maiden estimate transforms Tembo from a high-grade drill story into a defined resource on granted Mining Licences, with a pathway to growth and, potentially, near-term production.

Much of Nyakagwe Village and Nyakagwe East remains classified as Inferred largely because of wider drill spacing, providing a clear opportunity for relatively rapid resource conversion through focused infill drilling.

Together with its defined higher-grade component, secure tenure, the next-stage program already scoped at Ngula 1 and the potential Nyati toll-milling pathway, the MRE positions Tembo as LVG's second defined gold asset alongside the fully permitted Imwelo Gold Project.

Maiden Mineral Resource Estimate comprising an Inferred Mineral Resource of 13.33 Mt at 1.12 g/t gold for 480,100 ounces and an Indicated Mineral Resource of 2.69 Mt at 1.16 g/t gold for 99,700 ounces.

Higher-grade sensitivity at a 1.00 g/t cut-off of 4.79 Mt at 2.15 g/t gold for 331,700 Inferred ounces and 1.07 Mt at 2.00 g/t for 68,600 Indicated ounces; and at a 1.50 g/t cut-off of 2.27 Mt at 3.18 g/t for 232,100 Inferred ounces and 0.56 Mt at 2.68 g/t for 48,500 Indicated ounces.

Ngula 1 hosts an Inferred Mineral Resource of 8.12 Mt at 1.03 g/t (267,900 ounces) and an Indicated Mineral Resource of 1.78 Mt at 1.10 g/t (62,700 ounces) , the majority of the Project's Indicated ounces, providing a focused target for planned close-spaced drilling, resource conversion and mine planning.

Planned 4,000-5,000-metre close-spaced drilling program at Ngula 1, on an approximately 20 m by 20 m pattern, to improve geological confidence and support future mine planning.

Three near-surface deposits - Ngula 1, Nyakagwe Village and Nyakagwe East - reported within conceptual open-pit shells and remaining open along strike and at depth.

District-scale growth platform on four granted Mining Licences adjacent to Bulyanhulu, with the current MRE covering only three target areas within a property where 39 exploration targets have been identified.