Crestview Exploration Announces Results from the 2022 Geological Mapping at the Rock Creek Gold Prospect in Elko County, Nevada

(TheNewswire)

Calgary, Canada December 13, 2022 TheNewswire - Crestview Exploration Inc. ( CSE: C RS ) ( Frankfurt:CE7 ) ("Crestview" or "the Company") is pleased to announce the results from the 2022 mapping campaign at the Rock Creek gold prospect in the Tuscarora Mountains of Elko County, Nevada. These results include the completion of the geology map and overlays, detailed descriptions of structures and mapped units, and alteration and mineralization observations and interpretations. A digitized and simplified version of the geology map is attached below (Map 1).

The mapping project accomplished several key goals, including:

A base map of surface features to guide drill targeting and better understand geophysical results, by
Identifying and delineating the mineralized and unmineralized surface lithologies
Modelling the strength and distribution of alteration features
An updated and more accurate model of veins and structures controlling surface mineralization

The mapping project was completed at the 1:2,000 scale, producing five folios with three geological overlays (geology, alteration, and Fe oxides) that were used to generate the South, Central, West, North and North End interpretive folios. S cans of the original (hand-drawn) interpretive folios and field progress reports will be available on the company website at www.crestviewexploration.com .

As a reminder to the reader, the Rock Creek property consists of 74 unpatented lode mining claims, but is in close proximity to (as near as currently possible) Crestview's Divide and Falcon properties which comprise an additional 186 claims, for a total of approximately 2,009 hectares or 4,965 acres between the three. Small historical prospecting occurred at all three properties, and more extensive historic mining occurred at Falcon and Divide. At Rock Creek, there was also some historic drilling which confirmed anomalous precious metal values; however, none of these holes penetrated deeper than 500 ft (Unpublished report by Cruson and Limbach, 1985).

The property is located within the Eocene Big Cottonwood Canyon caldera in the Tuscarora volcanic field, hosting low sulfidation epithermal quartz veins with precious metal mineralization. The Big Cottonwood Canyon caldera complex consists of multiple episodes of rhyolitic ash-flow tuff and lava flows of andesitic to dacitic composition. The mapping at Rock Creek concurs with the geological views of Henry and Boden (1998) on the general evolution of the Big Cottonwood Canyon Caldera.

Click Image To View Full Size

MAPPED ROCK UNITS

On the accompanying maps, the ash-flow tuff of Big Cottonwood Canyon isbroken into an lower and upper unit (Tct1 and Tct2), which are separated by a thin andesitic lava flow (Ta).The lower ash-flow tuff unit (Tct1) is the main host for quartz veins at the property. The unit is a weakly to moderately lithic, densely to moderately welded ash-flow tuff with abundant fiamme. In altered samples, plagioclase and biotite are generally removed resulting in pitted textures. Lithic fragments are small ( are found in several locations.

Overlying this unit is an unaltered to propylitic altered, dark to light greenish porphyritic plagioclase andesite lava flow (Ta). These andesites range from hornblende to plagioclase dominant, with low content in biotite (

Outcropping in topographic highs in the central portion of the property, an upper ash-flow rhyolitic tuff unit with 5-7% coarse lithic fragments (Tct2) overlies the andesites. This may be an indication of near- vent facies and a small nested caldera within the larger caldera. Sparse and small NE-trending quartz veins cut the Tct2 tuffs.

Field observations suggest that the dacite lava flows (Td) along the southern and central borders of the Rock Creek property overlie the lithic-rich ash-flow tuffs of Tct1. The dacite is medium-grained with clear plagioclase phenocrysts (15%), scarce quartz (

The last eruptive episode(s) is represented by a small eruption(s) of rhyolitic lava(s) from several plugs (Tr), which may have occurred between 35 and 33 Ma based on nearby radiometric dating (Ar-Ar; Henry and Boden, 1998). The rhyolite is light- tan/pinkish colored with a strong flow banding foliation. The Tr unit is weakly altered to propylitic-c assemblage (Hudson, 2003).

The oldest and deepest unit mapped at Rock Creek is the Paleozoic metasedimentary sequence (Pz), which is comprised of intensely fractured and folded quartzite/quartzarenite, metasiltstone, and chert. The Pz unit was mapped in small, structurally controlled outcrops in the southern portion of the property. The Pz rocks feature abundant Fe-oxides along fractures and quartz veins with late quartz vein stockworks.

STRUCTURES, ALTERATION AND QTZ VEINS

The faults and quartz veins delineate major structural trends of mineralization and alteration at Rock Creek. The quartz veins occur in several structural systems that dominate the entire Rock Creek property. In the field, these structures can be traced for a few to a few hundred meters, with greater strike lengths interpreted from aerial imagery. Most of the structures/veins have well-developed slickensides with apparent normal and oblique slips. The width of the vein systems is variable, up to 140 meters.

The structural trends are NE (with a minor NNE component), NS and NW -trending with moderate to high dips. In general, NE-trending faults are the younger structures, cutting NS and NW-trending structures. The oblique-slip movements of the primary NNE-system may have caused the development of NS and NNW dilational/extensional fractures/veins between the primary fractures. Ta dikes may be aligned to the NE-trending fractures in the Central Folio. Lastly, there is a discrete East-West fracture fabric that cuts all the former structures.

The fractured-controlled alteration envelopes at Rock Creek are small, decreasing outward from the hanging-wall section of the main structures. In general, textures are preserved within the alteration envelopes. Three main alteration types have been identified within the mapping area, including silicification, quart+sericite/illite± pyrite (QSP), and propylitization.

Mineralized quartz veins are primarily hosted in the lower ash-flow tuff unit (Tct1) at Rock Creek. Quartz veins exhibit multiple phases of growth and emplacement in faults, with frequent post-mineral brecciation affecting both the host rocks and veins. The veins have a sharp boundary with the host rock, with variable widths ranging from centimeter-scale up to ten meters. The quartz vein textures observed include crustiform, cockade, comb, and massive. Lattice quartz textures were observed in a few localities, indicating shallow boiling and (probable) precious metals deposition. Late, cross-cutting stockwork quartz veinlets are a common feature in most veins.

Quantitative data from fluid inclusions from quartz veins in the Tuscarora mining district (Castor et al., 2003; Henry et al., 1998) suggest shallow depths of vein formation (200 to 400 meters), which agrees with the textures and alteration patterns observed during field mapping.

The original pyrite content is estimated between one to three percent. Late Fe-oxides (jarosite and hematite) and euhedral barite fill cavities and late fractures.

Field mapping, aerial photo lineaments, and magnetic anomalies suggest a nested caldera within the older Big Cottonwood Canyon caldera. The nested caldera is an oval structure having a diameter of about 3 km. Within the property, plagioclase andesitic flows (Ta) and the lithic-rich ash-flow tuff unit Tct2 were emplaced along the western margins of the caldera. Aeromagnetic data shows three magnetic highs toward the west margin of the nested caldera; these magnetic highs may be the result of stacked plagioclase andesite flows, and the presence of andesitic intrusion(s) at depth.

A small siliceous, unmineralized sinter was mapped at the north end of the property, near the intersection zone of a NE and N-striking structures.

CONCLUSIONS

The mapping at the Rock Creek property has revealed the presence of low grade but laterally extensive precious metals mineralization controlled by NNW, NS, and NNE-trending, high to low angles faults and fractures. The mineralization is primarily hosted in the intracaldera Tct1 ash-flow tuffs.

The interpretation that caldera ring fracture zones and cymoid loops had a major control on mineralization opens an additional area for further exploration in the nested caldera within the property.

A follow-up hyperspectral imaginary survey is recommended at Rock Creek to delineate alteration zonation of clays and carbonates and the orientation of potential ore-bearing structures.

REFERENCES

Castor, S., et al., 2003. The Tuscarora Au-Ag District: Eocene Volcanic-Hosted Epithermal Deposits in the Carlin Gold Region, Nevada: Economic Geology, Vol.98, 339-366.

Cruson, M. and F. Limbach, 1985. Progress Report Cow Creek Prospect Elko County, Nevada. Unpublished Report.

Henry, C. et al (1998), Geology and Mineralization of the Eocene Tuscarora Volcanic Field, Elko County, Nevada: US Geological Survey Open Files Report 98-338.

Henry, C. et al. (1998), Geology of the Mount Blitzen Quadrangle: Nevada Bureau of Mines , Map 110.

Hudson, D. (2003), Epithermal Alteration and Mineralization in the Comstock District, Nevada, Economic Geology Vol. 98, pp.367-385.

Marma, J. and Vance, R. (2010), Importance of cymoid loops and implications for exploration and development of epithermal gold-silver veins in the Gold Circle district, Midas, Nevada, Great Basin Evolution and Metallogeny, 2010 Symposium, pp.777-793.

This News Release was prepared by J.A. Lowe, M.Sc. Geology and J. Ruiz, M.Sc. Geology, and has been approved by Alan Morris, M.Sc., CPG #10550.

Alan J. Morris is a Qualified Person as defined by NI 43-101 and has reviewed the scientific and technical disclosure included in this news release.

On Behalf of the Board of Directors,

Chris Wensley, CEO

About Crestview Exploration Inc:

Crestview Exploration is an experienced exploration company focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of Nevada.

The Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims wholly owned and controlled by CRS. The Rock Creek property was acquired in 2017, and the company went public in 2019. Emboldened by the results coming out of Rock Creek, Crestview strategically expanded on the land position with the acquisition of the nearby Divide Mine prospect in April 2020, and the acquisition of the Falcon silver-gold prospect in September 2022. Between the three properties, all targeting similar mineralization and likely the same hydrothermal system, Crestview now holds 260 total claims in close proximity of one another. These three gold prospects, along with the nearby Castile prospect, are situated in a region with proven "world class" gold deposits (including Midas, Jerritt Canyon, Betze-Post, Meikle, and Gold Quarry), where the potential of finding large, high-grade gold-silver deposits is favourable.

The Cimarron project is located in the San Antonio Mountains of Nye County, Nevada, and is comprised of 31 unpatented lode mining claims, including control of 6 historically producing claims associated with the historic San Antonio mine. The property is located in the prolific Walker-Lane trend, approximately 44 kms south of the "world class" Round Mountain deposit.

For further information please contact:

Chris Wensley, Chief Executive Officer

Tel: 1-778-887-3900

Email: Chris@crestviewexploration.com

Forward-Looking Information

This news release includes certain information that may be deemed "forward-looking information" under applicable securities laws. All statements in this release, other than statements of historical facts, that address acquisition of the Property and future work thereon, mineral resource and reserve potential, exploration activities and events or developments that the Company expects is forward-looking information. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in the forward-looking information. These include the results of the Company's due diligence investigations, market prices, exploration successes, continued availability of capital financing, and general economic, market or business conditions, and those additionally described in the Company's filings with the Canadian securities authorities.

Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking information. For more information on the Company, investors are encouraged to review the Company's public filings at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law .

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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Crestview Exploration Announces Final Results from the 2022 Sampling Program at the Rock Creek Gold Prospect in Elko County, Nevada

(TheNewswire)

Crestview Exploration Inc. ( CSE:CRS ) ( F RA :CE7 ) ("Crestview" or "the Company") is pleased to announce the final assay results for the 2022 surface sampling campaign at the Rock Creek gold prospect in the Tuscarora Mountains of Elko County, Nevada. A total of 118 samples were collected from across the Rock Creek property, and submitted for precious metal and trace element geochemistry

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Crestview Exploration Announces $500,000 Private Placement

(TheNewswire)

Cre stview Exploration Inc. (CSE:CRS ) (FRA :CE7) ("Crestview" or "the Company") intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $500,000 from the sale of up to 5 million units at a price of 10 cents per unit. Each unit shall be comprised of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share from the company at a price of 20 cents per share for a period of 24 months from closing of the offering

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Crestview Exploration Announces Closing of First Tranche of Private Placement

(TheNewswire)

Calgary, Canada TheNewswire - November 3, 2022 Crestview Exploration Inc. ( CSE:CRS ) ( Frankfurt:CE7 ) (" Crestview " or the " Company ") is pleased to announce that is has closed, subject to Canadian Securities Exchange approval, the first tranche of its non-brokered private placement in the aggregate amount of $95,250 by issuing 635,000 units at a price of $0.15 per unit. Each unit consists of one common share of the Company and one share purchase warrant of the Company (the " Offering "). Each warrant is exercisable into one common share of the Company at a price of $0.30 for a term of two-years from the date of issuance. The Company intends to use the proceeds of this tranche for expanded geophysical surveying, claim expansion and general corporate purposes.

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Crestview Exploration Options to Purchase the Falcon Project in Elko County, Nevada

(TheNewswire)

Calgary, Canada TheNewswire - September 7, 2022 Crestview Exploration Inc. ( CSE:CRS ) ( Frankfurt:CE7 ) (" Crestview " or "the Company") is pleased to announce it has entered into an option agreement (the "Agreement") with the Falcon Mine Group (" FMG "), whereby Crestview has optioned to purchase 100% of the Falcon Project (" Falcon " or the " Property ").

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Crestview Exploration Inc. Announces Alan Morris to Join Advisory Board

(TheNewswire)

Calgary, Canada TheNewswire - July 19, 2022 Crestview Exploration Inc. ( CSE: CRS, Frankfurt: CE7 ), (CNSX:CRS.CN), (" Crestview " or the " Company ") welcomes Mr. Alan Morris (QP) to the Advisory Board of the Company. Mr. Morris joins Crestview's team to act as an additional Qualified Person "QP" (as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects "NI 43-101") and to provide valued geological understanding and guidance.

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PROSPECT RIDGE RESOURCES ADJOURNS ANNUAL GENERAL MEETING

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) announces that it has adjourned its annual general meeting (for more information, see news release dated December 12, 2024 ), to reconvene on Friday, December 20, 2024 at 11:30 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver British Columbia. Proxies will continue to be accepted until 48 hours prior to the commencement of the adjourned meeting.

About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on gold exploration. Prospect Ridge ' s management and technical team cumulate over 100 years of mineral exploration experience and believe the Knauss Creek and the Holy Grail properties to have the potential to extend the boundaries of the Golden Triangle to cover this vast under-explored region.

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

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as " intends " or " anticipates" , or variations of such words and phrases or statements that certain actions, events or results " may", " could ", " should ", " would " or " occur " . This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

View original content to download multimedia: https://www.prnewswire.com/news-releases/prospect-ridge-resources-adjourns-annual-general-meeting-302331800.html

SOURCE Prospect Ridge Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/13/c2016.html

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PROSPECT RIDGE RESOURCES CONFIRMS ARRANGEMENTS RELATING TO ANNUAL GENERAL MEETING

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) wishes to update shareholders on the impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver to shareholders its financial statements and related disclosure and proxy-related materials in respect of the Company's Annual General Meeting (the " Meeting ") of shareholders scheduled to be held on Friday, December 13, 2024 at 11:00 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver, British Columbia .

As a result of the strike, and pursuant to CSA Coordinated Blanket Order 51-931 Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal strike (the "Blanket Order"), the Company is advising shareholders that:

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Lode Gold: 2024 Year-End Review and 2025 Outlook

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to provide a year-end update.

Dear Investors,

I am excited to update you on our progress since I took over as CEO less than a year ago, just before Christmas in December 2023. With the support of the board, key shareholders, and the dedicated Lode Gold team, we have raised $6M since March 2024 and completed numerous tasks to reorganize the Company. These efforts have positioned us for future success and growth, and I am grateful for the continued support and confidence you have shown in our vision.

Strategy: Create Two Pure Play Companies to Unlock Value and Attract New Investors

Last year, around this time, I met with bankers to discuss how we plan to unlock value by spinning out the Company's assets to create two pure-play companies. This strategy resonated with many as Lode Gold has key assets situated in highly prospective mining regions in Canada and the United States. This initiative immediately creates two $7M companies from one $7M entity, thereby generating accretive value for shareholders.

Focus on Intrinsic Asset Value vs Market Cap: Do some small-cap stocks outperform large-cap investments in the long run?

Clifford Asness, who played a key role in building Goldman Sachs' Global Alpha before founding AQR, and now manages over $33 billion in assets, published a whitepaper that challenged the Efficient Market Theory. It stipulated that value may be factored into price with large-cap companies, but it may not be the case with small-cap stocks¹. It states that with small or micro-cap stocks, the Less-Efficient-Market Hypothesis often holds. Why? The market is inherently inefficient due to a fragmented shareholder base and a lack of distribution, awareness and liquidity. As such, if capital is patient, investing in a small-cap stock may result in a higher return on investment in the long run compared to a large-cap stock.

In the case of Lode Gold, the intrinsic value, verified with a third-party NI 43-101 technical report, has an NPV USD $370M, yet the market cap trades at a fraction of the real value. Notwithstanding, a planned spin-out transaction valued at an additional $7.65M (pre-money value to current Lode Gold shareholders) has already obtained conditional approval.

This is a value proposition, validated by smart money: strategic investors and institutional shareholders; a total of four own approximately 60%. Intrigued by the potential of this undervalued play, I accepted the challenge of leading its turnaround and growth.

Near-Term: Gold Orogen spin out to unlock value for shareholders

The company has three key orogenic assets, with proven gold endowment.

To unlock value for shareholders; immediately we are spinning out the Canadian assets into a new company, Gold Orogen. Each Lode Gold shareholder will get shares of Gold Orogen; via a tax-efficient spin-out.

Additionally, a $3M raise has been completed at Gold Orogen, based on a $7.65M pre-money valuation. The current valuation for Lode Gold, the parent company, is at $7M. We are topping up with an additional $1.5M to ensure a $4.5M investment program for 2025 at Gold Orogen; as such both the assets in Yukon and NB will be drilled in the upcoming exploration season in the new year. Post-money, Gold Orogen will be at $12M+.

A gold asset on the Mother Lode Belt with MRE: 1 (M&I) + 2 (Inferred) Moz Au and a 2023 PEA: USD $370M (NPV 5%) will remain in the parent co, Lode Gold. Lode Gold intends to pursue a high grade underground mine opportunity. This project sits on 100% privately owned patented land where the mining license was suspended in 1942 due to the war effort.

Spin Out Unlocks Shareholder Value: Confirmed gold endowment and RIRGS on Tombstone Belt

The spin-out will result in the formation of two pure-play companies, each focused on specific areas of exploration in Canada and the US.

Company 1: Spin Co - Gold Orogen

Asset 1:

27 km strike, 99.5 km²in Yukon, prolific Tombstone Belt (Snowline, 3 Aces, Sitka Gold)
Total of four Reduced Intrusive Targets (RIRGS)

Asset 2:

New Brunswick: Created one of the largest land packages (420 km²)
Geological analogue to New Found Gold, Galway, Calibre Mining and Puma-Kinross
Confirmed gold endowment

Company 2: Parent - Lode Gold

Lode Gold is the first company to evaluate this project from an underground perspective.

Brownfield, previously mined at 8 g/t in the 1940's.
4 km strike on the 190 km mineralized Mother Lode Belt: 50,000,000 oz produced
100% owned private and patented land: 3,351 acres, Mariposa County
California: 700 permitted mines; 14 gold
Mine suspended in 1942 due to gold prohibition in WWII
Target: 2 Moz underground 5 g/t Au
Typical Orogenic Deposit with Structural Controls
3 Step-Out Holes hit structure (up to 1,200 m)
2 nearby mines were up to 1,800 m deep at 13 g/t
43,000 m drilled with 23 km of underground workings
11% of the veins (2 of 7 deposits) exploited; mostly in the first 250 m
2023 MRE: 1 Moz (M&I) + 2 Moz (Inferred)
2023 PEA at USD $2,000/oz Au: After-tax NPV (5%) USD $370M, 31% IRR, 11 years LOM
Close to road, rail, power, water

Milestones Achieved in 2024:

1. Executed Spin Out Plan

Received conditional acceptance from the TSXV for the spinout transaction

2. Improved Capital Structure

Lode Gold added two additional key institutional and strategic shareholders
For $3M, a 19.9% strategic joint venture partner with strong technical expertise, was added to the new Spin Co
Tight share structure: 10:1 consolidation. About 40.000,000 shares outstanding for both companies

3. Cleaned Up Balance Sheet

Converted a secured debt holder to be the second-largest shareholder
Repaid shareholder working capital loan
Resolved a legacy lawsuit and eliminated a $1.6M liability

4. Enhanced Value of Assets in Yukon, New Brunswick and California

New Brunswick:
- Created one of the largest land packages in the province, potentially a district play
- Completed comprehensive geophysics and soil sampling to define drill targets
Yukon:
- Identified four RIRGS targets for exploration work in 2025
- Confirmed RIRGS at WIN; high bismuth : gold ratio, gold-bearing sheeted quartz veins, hosted in hornfels

California:
- The first to review the project from an underground perspective
- Completed Geological Model: 11% of the veins exploited, in 2 out of 7 deposits. Most extraction in the first 250 m. 3 step-out holes at depth, mineralized and hit structure, a typical orogenic deposit
- Commissioned NI 43-101 to update the 2023 MRE

5. Strengthening the Lode Gold Team

Enhanced bench strength by adding key personnel to the technical and marketing teams, visit our website to view their full bios (lode-gold.com)
Addition of Martin Stratte, Lode Gold's former Director of the Board, to our Advisory Team. He was previously on the permitting team at Castle Mountain, Equinox Gold (2018-2021). The project was acquired for $200 million in 2018, and it was permitted in 2021

Upcoming Catalysts in 2025

Spin Co: Shareholders get shares of a new company
Drilling to investigate 4 RIRGS reduced intrusive targets in Yukon Tombstone Belt, 200 km from Snowline
Drilling in New Brunswick assets upon systematic exploration: geophysics, soil sampling, mapping, geochemistry
California: Revised NI 43-101 Mineral Resource Estimate (updating 2023 MRE and investigating high grade underground potential)
California: Evaluate reactivating a previous mine, where the license was suspended during WWII

Invest in One Company, Get Shares of Two Companies: Optionality on three key assets

Investing in Lode Gold presents an exciting opportunity for shareholders to benefit from an advanced gold exploration project and a forthcoming spinoff with two high-value assets. This strategic move is aimed at unlocking maximum value for investors, who will gain exposure to three highly prospective gold assets through shares in two separate companies.

Wishing you a season filled with joy and prosperity.

Yours truly,

Wendy T. Chan. CEO & Director

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km²across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 420 km² and a 42 km strike. McIntyre Brook covers 111 km²and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 309 km²package covering a 25 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940's.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins - in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment ("PEA"). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 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 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-416-915-4257

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

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 completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. 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: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

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 adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed 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.

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RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that after consultation with its registered finders, the Company has now concluded its non-brokered private placement under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption. As previously announced on November 13, 2024, the Company sold 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Company had filed an offering document related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com

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1.	At the Meeting, shareholders will be asked to vote on the following matters, all as more particularly described in the Information Circular:
	(i)	to fix the number of directors of the Company at seven;
	(ii)	to elect the seven directors of the Company for the ensuing year;
	(iii)	to re-appoint the Company's auditor for the ensuing year and to authorize the directors of the Company to fix the remuneration to be paid to the auditor;
	(iv)	to re-approve the Company's stock option plan; and
	(v)	to transact such other business as may properly be transacted at the Meeting.

2.	The Company has satisfied all of the conditions to rely, and is relying, on the exemption provided by the Blanket Order from the requirement to send proxy-related materials to its shareholders.

3.	Electronic versions of the Notice of Meeting, Information Circular, the form of Proxy (for registered shareholders), and Voting Instruction Form (for non-objecting beneficial owners) and all other proxy-related materials (collectively, the "Proxy Related Materials"), as applicable
	(i)	have been filed and are available on the SEDAR+ website at www.sedarplus.ca under the Company's profile; and
	(ii)	are posted in a prominent location on the Company's website at https://prospectridgeresources.com/investors/ .

4.	The Company will also provide copies of the applicable Proxy-Related Materials by email to each shareholder who requests same while the strike is ongoing, at no charge. To do so, Shareholders may contact Meredith Eades at meredith.eades@prospectridgeresources.com or by phone at 604-670-7818 to request that a copy of the Proxy-Related Materials be emailed to you.

5.	As the electronic versions of the form of Proxy (for registered shareholders) and Voting Instruction Form (for non-objecting beneficial owners) do not contain control numbers, they cannot be voted online or by phone. These electronic forms must be physically completed, signed, and returned to the Company's transfer agent, Odyssey Trust Company, by:
	(i)	Physical delivery or facsimile (details in the Information Circular);
	(ii)	Email to proxy@odysseytrust.com .

5.	In the alternative:
	(i)	If you are a registered shareholder, you may also contact the Company's Transfer Agent, Odyssey Trust Company, at Direct Dial (all regions): 1-587-885-0960; US & Canada (toll-free): 1-888-290-1175 to verify your identity and obtain instructions and assistance in voting your shares;
	(ii)	If you are a beneficial shareholder, who holds their investment through a brokerage house, depository company or other intermediary, you may also attempt to contact such brokerage house, depository company or other intermediary for instructions and assistance in voting your shares.

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