GOLD FIELDS PUBLISHES ITS SUITE OF ANNUAL REPORTS

Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) today published its suite of annual reports on its website for the financial year ended 31 December 2022 .

Gold Fields' suite of annual reports includes the Integrated Annual Report 2022 (IAR), the statutory Annual Financial Report 2022 (AFR), including the Governance Report, containing the audited consolidated financial statements for the year ended 31 December 2022 , the Notice to Shareholders of the Annual General Meeting (AGM), the 2022 Mineral Resources and Mineral Reserves Supplement and the 2022 Climate Change Report. The relevant documents will also be posted to shareholders on or about 4 April 2023 . Gold Fields has also filed its annual report on Form 20-F with the US Securities Exchange Commission and published the Form 20-F on its website.

Full media release is available on the company website: www.goldfields.com

Enquiries

Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.co.za

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.co.za

Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.co.za

Notes to editors

About Gold Fields

Gold Fields is a globally diversified gold producer with nine operating mines in Australia , South Africa , Ghana (including the Asanko JV) and Peru and one project in Chile . We have total attributable annual gold-equivalent production of 2.40Moz, proved and probable gold Mineral Reserves of 46.1Moz, measured and indicated gold Mineral Resources of 31.1Moz (excluding Mineral Reserves) and inferred Gold Mineral Resources of 11.2Moz excluding Mineral Reserves). Our shares are listed on the Johannesburg Stock Exchange (JSE) and our American depositary shares trade on the New York Exchange (NYSE).

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

View original content: https://www.prnewswire.com/news-releases/gold-fields-publishes-its-suite-of-annual-reports-301786213.html

SOURCE Gold Fields Limited

View original content: https://www.newswire.ca/en/releases/archive/March2023/30/c4918.html

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GFI

High Grade Shallow Resource to Unlock Value at Burns Central

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX:LEX) is pleased to provide an update to the Resource Estimate (MRE) for the Burns Central prospect located in the Eastern Goldfields of Western Australia. The update is based on the original MRE statement (refer ASX release 4 May 2023) which was prepared by consultant, Mr Chris Grove, of Measured Group Pty Ltd in accordance with JORC 2012 guidelines.

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SensOre Readies for Drilling at Maynards Dam & Marloo in WA

Geoscience technology disruptor SensOre Ltd. ( ASX: S3N), together with joint-venture partners Torque Metals (ASX: TOR) and Jindalee Resources (ASX: JRL), is pleased to announce imminent commencement of a maiden drill program at Maynards Dam. The project area includes the Marloo project with partner Monger Exploration (a subsidiary of Lefroy Exploration (ASX: LEX)). Drilling will follow recent completion of an initial and extensive heritage survey over the project area.

HIGHLIGHTS

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Maverix Metals Closes Acquisition of Royalty Portfolio From Gold Fields Limited & Completes Exercise of Warrants by Pan American Silver Corp.

Maverix Metals (TSX VENTURE: MMX) is pleased to announce that it has closed the transaction announced on December 5, 2016 in accordance with the Master Purchase and Sale Agreement (the “Agreement“) entered into with Gold Fields Netherlands Services BV (a wholly owned subsidiary of Gold Fields Limited) and certain of its affiliates (collectively “Gold Fields“) dated December 4, 2016 (the “Transaction“). As part of the Transaction:

Maverix acquired a portfolio of eleven (11) royalties from Gold Fields (the “GFI Royalty Portfolio“); and
Maverix issued to Gold Fields a total of 42,850,000 common shares from its treasury and 10,000,000 common share purchase warrants of Maverix exercisable for five years at US$1.204 (CDN$1.60) per common share.

In addition to the foregoing, Maverix is also pleased to announce that concurrently with the closing of the Transaction (the “Closing“), Pan American Silver Corp. (“Pan American“) exercised 10,000,000 Maverix common share purchase warrants having an exercise price of US$0.546 (CDN$0.70) per Maverix common share for aggregate proceeds of US$5,460,000 received by Maverix (the “Warrant Exercise“). The Warrant Exercise was carried out as part of an early warrant exercise incentive arrangement with Pan American pursuant to which Maverix issued to Pan American 6,500,000 Maverix common share purchase warrants with an exercise price of US$1.204 (CDN$1.60) per common share of Maverix and expiring on July 8, 2021 (“Replacement Warrant Issuance” and together with the Warrant Exercise as the “Exercise and New Issuance“).
Mr. Daniel O’Flaherty, CEO of Maverix commented, “This transaction represents a transformational growth step for Maverix. We have meaningfully increased our annual cash flow, increased our scale, while simultaneously adding geographic and counter-party diversification. We fully intend to utilize our expanded base and enhanced treasury to aggressively pursue additional growth opportunities.” O’Flaherty continued, “I would like to personally thank Gold Fields and Pan American for the confidence and support they have shown in selecting Maverix to steward their combined royalty and stream portfolios.”
Transaction Highlights

For further information, please contact:
Maverix Metals Inc.
Daniel O’Flaherty
(604)-343-6225
President and CEO
info@maverixmetals.com

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Eurocontrol Reports Third Quarter 2016 Results and Provides Update

Eurocontrol Technics Group Inc. (TSX VENTURE:EUO)(OTCQB:EUCTF) (“Eurocontrol” or the “Company”), a Canadian public company specializing in the acquisition, development and commercialization of innovative test and measurement technologies for the authentication, verification and certification markets, announces that it has filed its interim financial statements and Management’s Discussion and Analysis (“MD&A”) for the third quarter ended September 30, 2016.
The third quarter results reflect a 9% increase in fiscal year revenue, excluding discontinued operations, to $947,484 compared to $868,799 for the nine month period ended September 30, 2016. The Company recognized EBITDA of $14,335,515 ($702,562 as at September 30, 2015) and a gain on the sale of its former subsidiary of $16,484,172 ($Nil in 2015) resulting in net income of $12,542,059 for the nine months ending September 30, 2016 (net income of $223,749 in 2015). Included below is a summary table outlining earnings for the second quarter of 2016 compared to the corresponding 2015 period which is followed by a description of recent developments. Subsequent to the end of the second quarter, the Company received the first of the semi-annual guaranteed earn-out payments of $750,000 from SICPA SA.
On January 4, 2016, the Company closed the sale of its wholly owned subsidiary, Global Fluids International (GFI) S.A. (“GFI”) to SICPA Finance SA (“SICPA”), a subsidiary of SICPA SA, each a privately owned company based in Switzerland, in exchange for cash and post-closing earn-out payments and certain additional payments. In accordance with International Financial Reporting Standards (“IFRS”), the third quarter 2016 financial statements and MD&A are presented on an adjusted basis to include discontinued operations. For a reconciliation of discontinued operations, readers should refer to MD&A sections “Adjusted Revenue and Profit from Continuing Operations” and “Reconciliation of IFRS to Adjusted Results”.
Operations Update
Sales in the first nine months of 2016 increased 9% to $947,484 over 2015. In the nine months of 2016, Eurocontrol invested $1,050,989 in research and development to update existing Xenemetrix product lines, to develop new products and solutions for field applications and to enhance its manufacturing facilities and its quality control processes. This investment has been made to ensure that Xenemetrix maintains its position as a leader in the ED-XRF technology field and can continue to meet the high manufacturing and systems integration standards that its customers have come to expect. In addition to its core customer base, Xenemetrix has a long term supply and support agreement with SICPA to supply ED-XRF equipment to support Petromark™ fuel marking technology which relies on Xenemetrix ED-XRF technology to detect Petromark™ fuel markers. It is anticipated that sales for the balance of 2016 will remain consistent with 2015 revenue numbers with an increase anticipated in 2017 as SICPA gains market acceptance with its clients for the Petromark™ technology, the updated product line is rolled out and the expansion into the field of precision agriculture solidifies. In March 2016, Xenemetrix announced that it had entered into a Memorandum of Understanding with Netafim, an Israeli company that is the global leader in drip and micro-irrigation solutions for sustainable agricultural productivity, to develop a unique and innovative testing system utilizing Xenemetrix’s ED-XRF technology for farmers and the greater farming community. The equipment solution and its calibration to the precision agriculture business has exceeded Netafim’s test parameters and finalization of the method that have been collaboratively developed are underway. Significant progress has been made towards implementing new methods of measuring Nitrogen involving both hardware and software. Xenemetrix intends to initiate the process of commercialization that would provide an integrated solution for almond growers early in the second quarter of 2017. In respect of the Memorandum of Understanding that was announced in May 2016 between Eurocontrol and DigiFlex Ltd., a private Israeli company that holds patents in inks and printing, to form a joint venture between Xenemetrix and DigiFlex that will focus on developing technology to address security inks to provide a security solution to governments and product brands protection to industry, DigiFlex and Xenemetrix have successfully completed feasibility tests and Eurocontrol has conducted a market survey and business plan to establish the business opportunity. Collaboration on the technology is continuing and further updates will be provided as progress occurs. Xenemetrix remains focused on the development of new applications for its ED-XRF and establishing new marketing and distribution agreements in various regions.
In the nine months ended September 30, 2016, Eurocontrol invested $1,460,665 in research and development in XwinSys. Earlier in 2016, XwinSys announced the finalized integration of its NMT (Noise-reduced Multilayer Thin-film Measurement System) technology (featured in Solid State Technology magazine) to respond to the evolving metrology and inspection needs of the semiconductor industry due to the advent of 3D stacking structures for continued miniaturization of devices at an affordable cost. In May 2016, XwinSys was granted a US patent on this unique multi-mode technology system that meets both fast in-line and in-depth metrology challenges without interrupting process flow. The XwinSys solution overcomes limitations of current technology that is used to measure thin and ultra-thin films, which can be a single layer of atoms of a specific material, and are a critical component in the construction of advanced semiconductor devices. With the XwinSys solution now finalized and demos, including the unveiling of the technology at SEMICON West this past summer where significant interest was generated, the XwinSys team continues to make progress towards commercialization of this disruptive technology that replaces the need for off-line analytical tasks.
Bruce Rowlands, Chairman and CEO stated, “In addition to a modest increase in sales revenue from continued operations for the third quarter of 2015, we continued our R&D investments in both XwinSys and Xenemetrix positioning both companies for market expansion in 2017. As well, our development work with both Netafim and DigiFlex in our new initiatives in precision agriculture and chemical authentication, respectively have made excellent progress.”
Third Quarter 2016 Financial and Operating Highlights *

Investment in R&D increased by 133% to $2,511,654
Working Capital of $14, 204,111 compared to $4,001,621 in December 31, 2015, a 255% increase
The Company has no debt, compared to $1,378,731 in 2015
Gross profit of $362,571 compared to $352,198 (does not include discontinued operations), an increase of 3%
Recognized EBITDA of $14,335,515 compared to $702,562 in 2015
Recognized income of $12,542,059 compared to $223,749 for the 2016 nine month period

			Three Months Ended September 30,				Nine Months Ended September 30,
			2016		2015		2016		2015
			$		$		$		$
Revenue:
	– from continuing operations		250,631		275,491		947,484		868,799
	– from discontinued operations		–		1,734,405		–		4,790,086
Total revenue			250,631		2,009,896		947,484		5,658,885

Cost of sales:
	– from continuing operations
		Cost of sales – direct production costs	(51,715	)	(99,936	)	(451,868	)	(383,556	)
		Cost of sales – amortization and other non cash items	(44,348	)	(44,348	)	(133,045	)	(133,045	)
			(96,063	)	(144,284	)	(584,913	)	(516,601	)
	– from discontinued operations
		Cost of sales – direct production costs	–		(520,455	)	–		(1,544,475	)
		Cost of sales – amortization and other non cash items	–		(68,953	)	–		(206,858	)
			–		(589,408	)	–		(1,751,333	)

Gross profit – continuing operations			154,568		131,207		362,571		352,198
Gross profit – discontinued operations			–		1,144,997		–		3,038,753

Expenses – continuing operations			(1,665,927	)	(1,046,951	)	(5,367,280	)	(2,699,165	)
Expenses – discontinued operations			–		(343,878	)	–		(687,362	)
Other (expense) income – continuing operations			221,999		(88,095	)	754,596		188,803
Other (expense) income – discontinued operations			–		(9,529	)	–		49,213
Income tax recovery – continuing operations			100,000		–		308,000		–
Income tax expense – discontinued operations			–		(3,462	)	–		(18,691	)
Gain on sale of subsidiary – discontinued operations			–		–		16,484,172		–

Net income (loss) – continuing operations			(1,189,360	)	(1,003,839	)	(3,942,113	)	(2,158,164	)
Net income (loss) – discontinued operations			–		788,128		16,484,172		2,381,913
Net income (loss)			(1,189,360	)	(215,711	)	12,542,059		223,749

Basic loss per share
	– from continuing operations		(0.01	)	(0.01	)	(0.04	)	(0.02	)
	– from discontinued operations		0.00		0.01		0.18		0.03
	– net income (loss)		(0.01	)	(0.00	)	0.14		0.00

Diluted loss per share
	– from continuing operations		(0.01	)	(0.01	)	(0.04	)	(0.02	)
	– from discontinued operations		0.00		0.01		0.17		0.03
	– net income (loss)		(0.01	)	(0.00	)	0.13		0.00

EBITDA			(1,463,945	)	(58,671	)	14,335,515		702,562
EBIT			(1,522,763	)	(195,291	)	14,163,541		292,616

About Eurocontrol Technics Group Inc.
Eurocontrol is a TSX Venture and OTCQB traded company that specializes in the acquisition, development and commercialization of innovative test and measurement technologies for the authentication, verification and certification markets. Eurocontrol has two wholly owned subsidiaries, Xenemetrix Ltd. and XwinSys Technology Development Ltd. and an agreement with SICPA S.A. for semi-annual earn-out payments of 5% (minimum $9 million over six years) on revenues generated from the oil and gas marking and monitoring field relating to the sale of its former subsidiary Global Fluids International (GFI) S.A. Xenemetrix is a leading designer, manufacturer and marketer of ED-XRF systems, a technology that is the most accurate and economic method for determining the chemical composition of many types of materials, including the analysis of petroleum oils and fuel. Xenemetrix has an exclusive long-term supply, maintenance and support agreement with SICPA/GFI to supply SICPA/GFI with Xenemetrix products and services related to the oil and gas marking and monitoring field. XwinSys has developed a patented, fully automated metrology system for the semiconductor industry that combines 2D and 3D image processing technology with Xenemetrix’s ED-XRF technology.
Neither 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements:
This press release contains forward-looking statements. More particularly, this press release contains statements. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. The forward-looking statements are based on certain key expectations and assumptions made by Eurocontrol. Although Eurocontrol believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Eurocontrol can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in Eurocontrol’s management discussion and analysis of the financial condition and results of operations for the quarter ended September 30, 2016 and the year ended December 31, 2015 which are available on the Corporation’s profile at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and Eurocontrol undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Eurocontrol Technics Group Inc.
Bruce Rowlands
Chairman and CEO
(416) 361-2809
browlands@eurocontrol.ca
www.eurocontrol.ca

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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